Latest news with #MartynWillsher
Yahoo
26-07-2025
- Business
- Yahoo
Here is Why Amplify Energy (AMPY) Soared This Week
The share price of Amplify Energy Corp. (NYSE:AMPY) surged by 21.67% between July 15 and July 22, 2025, putting it among the Energy Stocks that Gained the Most This Week. An oil rig in the midst of extracting oil and natural gas from the earth, illuminated by the setting sun. Amplify Energy Corp. (NYSE:AMPY) is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify Energy Corp. (NYSE:AMPY) shot up this week after the company announced significant changes to its executive leadership team. According to the announcement, Martyn Willsher has stepped down as President and CEO, transitioning to a Special Advisor role, while Dan Furbee was appointed as the new CEO and Jim Frew as President and CFO. Moreover, Amplify Energy Corp. (NYSE:AMPY) revealed that it has hired TenOaks Energy Advisors to explore market interest for the complete divestiture of its assets in East Texas and Oklahoma, in order to become more oil-weighted, reduce debt, lower operating costs, and streamline its organization. While we acknowledge the potential of AMPY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Amplify Energy Announces Successful Borrowing Base Redetermination
HOUSTON, May 29, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ('Amplify' or the 'Company') (NYSE: AMPY) announced today that it completed its regularly scheduled semi-annual borrowing base redetermination. The redetermination affirmed the borrowing base at $145 million. The next regularly scheduled borrowing base redetermination is expected to occur in the fourth quarter of 2025. Martyn Willsher, Amplify's President and Chief Executive Officer commented, 'I would like to express my appreciation to our syndicate of lenders for reaffirming our $145 million borrowing base, despite recent commodity price volatility. As previously discussed, Amplify intends to remain focused on generating free cash flow and managing liquidity through our strong hedge positions and cost reduction efforts while evaluating portfolio optimization opportunities, which may facilitate the acceleration of our development program at Beta.' About Amplify Energy Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify's operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit Forward-Looking Statements This press release includes 'forward-looking statements.' All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as 'could,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'may,' 'continue,' 'predict,' 'potential,' 'project' and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the Company's upcoming 2025 Annual Meeting of Stockholders, expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. These statements address activities, events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company's actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the Company and its affiliates. Please read the Company's filings with the Securities and Exchange Commission (the 'SEC'), including 'Risk Factors' in the Company's Annual Report on Form 10-K, and if applicable, the Company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company's Investor Relations website at or on the SEC's website at for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise. Investor Relations Contacts Jim Frew -- SVP & Chief Financial Officer(832) Michael Jordan -- Director, Finance and Treasurer (832) in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Amplify Energy to Participate in the 2025 Louisiana Energy Conference
HOUSTON, May 22, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ('Amplify' or the 'Company') (NYSE: AMPY) announced today that the Company will be participating in the 2025 Louisiana Energy Conference on Wednesday, May 28 th at the Four Seasons in New Orleans, LA. Amplify's President and Chief Executive Officer, Martyn Willsher, will be participating in a panel discussion regarding the topic of 'Small Cap E&Ps See Value Creation in U.S. Basins Beyond the Permian.' In addition, Mr. Willsher will be available to meet with investors during the conference. About Amplify Energy Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify's operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit Investor Relations Contacts Jim Frew – Senior Vice President and Chief Financial Officer (832) 219-9044 Michael Jordan – Director, Finance and Treasurer (832) 219-9051
Yahoo
22-05-2025
- Business
- Yahoo
Amplify Energy to Participate in the 2025 Louisiana Energy Conference
HOUSTON, May 22, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ('Amplify' or the 'Company') (NYSE: AMPY) announced today that the Company will be participating in the 2025 Louisiana Energy Conference on Wednesday, May 28th at the Four Seasons in New Orleans, LA. Amplify's President and Chief Executive Officer, Martyn Willsher, will be participating in a panel discussion regarding the topic of 'Small Cap E&Ps See Value Creation in U.S. Basins Beyond the Permian.' In addition, Mr. Willsher will be available to meet with investors during the conference. About Amplify Energy Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify's operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit Investor Relations Contacts Jim Frew – Senior Vice President and Chief Financial Officer(832) Michael Jordan – Director, Finance and Treasurer(832) in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-04-2025
- Business
- Yahoo
Amplify Energy Revises Merger Terms With Juniper Capital, Adds $10M Cash Injection
Amplify Energy Corp. (AMPY, Financials) amended its merger agreement with Juniper Capital to include an additional $10 million in cash from Juniper, the company said Tuesday. The revision aims to reduce pro forma net debt and address shareholder feedback ahead of a special meeting scheduled for April 23. Warning! GuruFocus has detected 3 Warning Signs with AMPY. Under the revised deal, Juniper will contribute the added capital while Amplify will issue approximately 26.7 million shares and assume $133 million in net debt. Amplify said it plans to file updated proxy materials with the U.S. Securities and Exchange Commission in the coming days to reflect the amended agreement. Amplify President and Chief Executive Officer Martyn Willsher said the new terms demonstrate both companies' commitment to shareholder engagement and long-term value creation. Juniper Managing Partner Edward Geiser said the cash contribution was justified given recent market volatility, adding that the combined business offers strong free cash flow potential in various commodity price environments. In response to shareholder concerns over oil price declines since the original January announcement, Amplify released updated hedging data. As of April 15, the company has hedged between 80% and 85% of its 2025 oil output and 40% to 45% for 2026. Juniper's hedge coverage stands at 65% to 70% for 2025 and 50% to 55% for 2026. Amplify said the present value of its hedge book is approximately $25 million, while Juniper's stands at $14 million. Amplify also disclosed updated reserve valuations for Juniper's assets. Based on flat pricing of $60 per barrel for oil and $3.50 per million British thermal units for gas, Juniper's proved reserves hold a PV-10 value of $356 million. The PV-10 metric reflects the discounted present value of future cash flows and excludes income taxes. The combined PV-10 value of Juniper's proved developed reserves and hedge book is $244 million, against an estimated pro forma debt of $123 million after the additional cash infusion. The company emphasized the flexibility of the merged entity to scale capital projects according to commodity price shifts, noting the benefit of Juniper's held-by-production lease structures. Amplify said shareholders who have already voted do not need to take further action unless they wish to change their votes. The record date for the vote remains March 3. Amplify, based in Houston, is an independent oil and gas producer with assets across Oklahoma, the Rockies, offshore Southern California, East Texas, and the Eagle Ford Shale. This article first appeared on GuruFocus.
