Luminus Energy Boosts Battalion Oil Stake
Ticker: BATL · Form: SC 13D/A · Filed: Jun 20, 2024 · CIK: 1282648
Sentiment: bullish
Topics: activist-investor, stake-increase, amendment
Related Tickers: BATL
TL;DR
Luminus Energy bought another 1M shares of Battalion Oil, now owns 14.9%.
AI Summary
Luminus Energy Partners Master Fund, Ltd. and Jonathan Barrett filed an amended SC 13D/A on June 20, 2024, regarding their beneficial ownership of Battalion Oil Corporation. They reported acquiring an additional 1,000,000 shares of common stock, bringing their total beneficial ownership to 10,000,000 shares, representing approximately 14.9% of the outstanding shares. This acquisition occurred on June 18, 2024.
Why It Matters
This filing indicates increased conviction from a significant shareholder in Battalion Oil, potentially signaling future strategic moves or influencing corporate governance.
Risk Assessment
Risk Level: medium — Increased stake by a significant investor can lead to activist campaigns or changes in control, introducing uncertainty.
Key Numbers
- 10,000,000 — Shares Owned (Total beneficial ownership by Luminus Energy Partners Master Fund, Ltd. and Jonathan Barrett.)
- 14.9% — Ownership Stake (Represents the percentage of Battalion Oil Corporation's outstanding common stock held by the reporting persons.)
- 1,000,000 — Shares Acquired (Additional shares purchased by the reporting persons on June 18, 2024.)
Key Players & Entities
- Luminus Energy Partners Master Fund, Ltd. (company) — Reporting Person
- Jonathan Barrett (person) — Reporting Person
- Battalion Oil Corporation (company) — Subject Company
- 1,000,000 (dollar_amount) — Shares acquired
- 10,000,000 (dollar_amount) — Total shares beneficially owned
- 14.9% (dollar_amount) — Percentage of outstanding shares owned
- June 18, 2024 (date) — Date of acquisition
- June 20, 2024 (date) — Filing date
FAQ
Who are the primary filers of this SC 13D/A amendment?
The primary filers are Luminus Energy Partners Master Fund, Ltd. and Jonathan Barrett.
What is the subject company of this filing?
The subject company is Battalion Oil Corporation.
How many additional shares did the filers acquire?
The filers acquired an additional 1,000,000 shares of common stock.
On what date were these additional shares acquired?
The additional shares were acquired on June 18, 2024.
What is the total percentage of Battalion Oil Corporation's outstanding shares now beneficially owned by the filers?
The filers now beneficially own approximately 14.9% of the outstanding shares.
Filing Stats: 2,789 words · 11 min read · ~9 pages · Grade level 20 · Accepted 2024-06-20 17:56:54
Key Financial Figures
- $0.0001 — o. 7 relates to shares of Common Stock, $0.0001 par value per share (the "Common Stock"
Filing Documents
- ef20031435_sc13da.htm (SC 13D/A) — 105KB
- 0001140361-24-030766.txt ( ) — 107KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: June 20, 2024 LUMINUS MANAGEMENT, LLC By: /s/ Jonathan Barrett Name: Jonathan Barrett Title: President LUMINUS ENERGY PARTNERS MASTER FUND, LTD. By: Luminus Management, LLC, as manager By: /s/ Jonathan Barrett Name: Jonathan Barrett Title: President /s/ Jonathan Barrett JONATHAN BARRETT