HPR News and Press, HighPoint Resources Corporation From 02/18/21

We recently spoke with management and last night's 4Q20 press release further boosts our confidence in their long-term plan. We are modeling significant free cash in 2021. BCEI is debt free now and will be a low debt name post merger. We anticipate the acquisition of HPR will clos...

Merger activity increased last week with five new deals announced. The acquisition of Glu Mobile by Electronic Arts. MKS Instruments and II-VI Incorporated bid for Coherent. For further details see: Merger Arbitrage Mondays - Bidding War For Coherent Continues

The exchange offer for HighPoint's bonds has been launched. If the exchange offer doesn't get 97.5% participation, a prepackaged restructuring plan will be implemented with similar terms. Bonanza Creek looks slightly undervalued based on its post-merger prospects. HighPoint's ...

DENVER, Feb. 10, 2021 (GLOBE NEWSWIRE) -- HighPoint Resources Corporation (NYSE: HPR) (the "Company" or "HighPoint") today announced that a special meeting of stockholders of the Company (the “HighPoint special meeting”) is scheduled to take place virtually on March 12, 2021 a...

DENVER, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Bonanza Creek Energy, Inc. (NYSE: BCEI) (“Bonanza Creek” or the “Company”) and HighPoint Resources Corporation (“HighPoint”) (NYSE: HPR) today announced that Bonanza Creek has commenced offers to exchange (e...

Merger activity decreased last week with six new deals announced. Acacia Communications and Cisco Systems announced an amendment to their merger agreement. Google completes the acquisition of Fitbit. For further details see: Merger Arbitrage Mondays - Fitbit Closes And A...

Merger activity increased significantly last week with eight new deals announced. The acquisition of Alaska Communications Systems Group by ATN International. The acquisition of FLIR Systems by Teledyne Technologies Incorporated. For further details see: Merger...

Gainers: Cypress Environmental Partners (CELP) +27%. Contura Energy (CTRA) +15%. CVR Partners (UAN) +9%. Barnwell Industries (BRN) +8%. Element Solutions (ESI) +7%.Losers: Talos Energy (TALO) -19%. HighPoint Resources (HPR) -17%. Platinum Group Met...

Bonanza Creek is planning on merging with HighPoint Resources. HighPoint is planning on restructuring its existing debt to eliminate most of its notes. Based on the proposed transaction, Bonanza Creek is worth roughly $22.00 to $26.75 per share post-deal at mid-$40s WTI oil. HighP...

Merger activity decreased last week with one new deal announced. The acquisition of The Goldfield Corporation (GV) by an affiliate of First Reserve. Front Yard Residential Corporation (RESI) and Pretium and Ares Management Corporation (ARES) amend their merger agreement. For...