Brookfield Oaktree Adjusts Battalion Oil Stake

TL;DR

Brookfield Oaktree filed an update on Battalion Oil - ownership change incoming.

AI Summary

Brookfield Oaktree Holdings, LLC, a joint venture between Brookfield and Oaktree, has filed an SC 13D/A amendment on March 29, 2024, related to their holdings in Battalion Oil Corp. The filing indicates a change in beneficial ownership, though specific new dollar amounts or percentage changes are not detailed in this excerpt. This amendment likely reflects adjustments to their investment strategy or stake in the oil and gas company.

Why It Matters

This filing signals potential shifts in control or influence over Battalion Oil Corp. by major investment firms, which could impact the company's strategic direction and future performance.

Risk Assessment

Risk Level: medium — Filings related to significant ownership changes can indicate strategic moves by large investors, potentially leading to volatility or shifts in company control.

Key Players & Entities

• Brookfield Oaktree Holdings, LLC (company) — Filing entity
• Battalion Oil Corp (company) — Subject company
• Brookfield (company) — Parent entity
• Oaktree (company) — Parent entity

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• ef20025614_sc13da.htm (SC 13D/A) — 351KB
• 0001140361-24-016727.txt ( ) — 353KB

is hereby amended by adding the following

Item 1 is hereby amended by adding the following: This Amendment No. 4 relates to shares of Common Stock, $0.0001 par value per share (the "Common Stock") of Battalion Oil Corporation, a Delaware corporation (the "Issuer"). The Issuer's principal executive offices are located at 820 Gessner Road, Suite 1100, Houston, TX 77024. Item2. Identity and Background.

is hereby amended and restated as follows

Item 2 is hereby amended and restated as follows: (a), (c), (f) This Schedule 13D is filed as a joint statement pursuant to Rule 13d-1(k) under the Act by each of the following persons (collectively, the "Reporting Persons"): (i) OCM HLCN Holdings, L.P., a Delaware limited partnership ("OCM HLCN"), whose principal business is to hold the Subject Shares reported herein; (ii) Oaktree Fund GP, LLC, a Delaware limited liability company ("GP"), whose principal business is to serve as, and perform the functions of, the manager, managing member or general partner of certain special purpose investment entities, including OCM HLCN; (iii) Oaktree Fund GP I, L.P., a Delaware limited partnership ("GP I"), whose principal business is to (i) serve as, and perform the functions of, the general partner of certain investment funds or to serve as, and perform the functions of, the managing member of the general partner of certain investment funds and (ii) to act as the sole shareholder of certain controlling entities of certain investment funds; (iv) Oaktree Capital I, L.P., a Delaware limited partnership ("Capital I"), whose principal business is to serve as, and perform the functions of, the general partner of GP I; (v) Brookfield OCM Holdings II, LLC (f/k/a OCM Holdings I, LLC), a Delaware limited liability company ("Holdings II"), whose principal business is to serve as, and perform the functions of, the general partner of Capital I and to hold limited partnership interests in Capital I; (vi) Brookfield OCM Holdings, LLC (f/k/a Oaktree Holdings, LLC), a Delaware limited liability company ("Holdings"), whose principal business is to serve as, and perform the functions of, the managing member of Holdings II; and (vii) Brookfield Oaktree Holdings, LLC (f/k/a Oaktree Capital Group, LLC), a Delaware limited liability company ("BOH"), whose principal business is to act as the holding company and controlling entity of each of the general partner and investment adv

View Full Filing

View this SC 13D/A filing on SEC EDGAR