EP Energy Corp. (fka EPEGQ)

[hondaboost]

EPEGQ, All Commons Cancelled, Congratulations! LOL!

[Renee]

EPEGQ: BK PLAN effective. All shares cancelled.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[cotf]

Bankruptcy Plan Effective/Shares Cancelled: https://otce.finra.org/otce/dailyList

[Penny Stocks 2.0]

He doesn't. He never posts links.

[JTunes1]

How do you know commons are cancelled next week?

[hondaboost]

EPEGQ, Commons to be Cancelled next week.

[dazetrader]

Upcoming EPEGQ court dates:
Rule 3018 deadline: Aug 10 2020
Plan supplement filing deadline Aug 12 2020
Plan voting deadline Aug 19 2020
Plan/disclosure statement reply deadline: Aug 24 2020
Combined hearing: Aug 27 2020

https://www.courtlistener.com/docket/16292162/1326/ep-energy-corporation-and-ep-energy-ep-company-lp/

https://www.courtlistener.com/docket/16292162/1327/1/ep-energy-corporation-and-ep-energy-ep-company-lp/

https://www.courtlistener.com/docket/16292162/1327/2/ep-energy-corporation-and-ep-energy-ep-company-lp/

[halbroke1]

Penny Stocks...Any New DD on $$$ EPEGQ...SOMETHINGS UP !!!

[halbroke1]

Penny Stocks..Is $$$ EPEGQ COMING OUT OF BANKRUPTCY FINALLY!!!EVERYONE IGNORING THIS MONSTER...I THINK THEY ARE STILL WORTH MULTIPLE-BILLIONS.

[zj3001]

Hope you all got out

[Penny Stocks 2.0]

Dude you see the price of oil?

[halbroke1]

Penny..When are we going to see EPEGQ ..With a PR..Coming out of Bankruptcy.

[zj3001]

https://www.cnn.com/2020/04/13/business/oil-prices-opec-deal-trump-putin/index.html

[marknet]

Personally I'd feel more comfortable at this point owning shares rather than not owning shares. If I can free some funds will pick up at least 50k more.

[Penny Stocks 2.0]

Think of this, the deal fell through because the coronavirus has absolutely stalled the economy and the banks backed out. Perhaps, now with the Stimulus package approved, the company can look to the government for help based on the fact a deal was approved by the courts and only fell through because the fear of the virus.

Just my opinion, but I'm buying just in case.

[marknet]

I'll definitely check it out. Looks like back to square one here. Bankruptcy deal fell apart so look like starting from scratch. Still holding 12k shares here only because only 190k took on my .009 sell order. If I ever get free funds I might possibly buy a few more as a lotto.

[shipwithoutarudder]

Thanks and same to yourself, so many of these beaten down stocks are such a long shot but another that I got in you may want to look at, it's JNUG, it's a highly leveraged ETF. Again I bought options a year out, I believe like JAN 21. I bought $8 dollar calls that are over the price I paid and climbing. JNUG was around $105 maybe 5 weeks ago when they started to drop the prices and it's now around $7. I got in when it was just over $5 and fully expect it to get back to at least $50 in the near future, worth looking at!

[halbroke1]

EPEGQ $$$ GOING MEGA-HUGE !!!..WAS TRADING AT $35.00+, COULD SEE $5.00+ VERY EASY !!!

[Penny Stocks 2.0]

ARCA only bidding, always Top Bid

[Penny Stocks 2.0]

ARCA pushing this up...Why?

[Penny Stocks 2.0]

IF the stimulus bill saves EP Energy, this will be huge. Shares would be safe.

[Penny Stocks 2.0]

The company owns proved reserves of around 430 million barrels of oil equivalent, about 70% of which is oil and NGLs (natural gas liquids). Altogether, it has rights on 452,000 net acres in the US.

[Penny Stocks 2.0]

Banks pulled out, I bet the government saves EP with the Stimulus when approved. Lots at stake here.

[marknet]

Hope you make a bundle in CHK and the 2021 options. Seems like the acquisition for several billion would give them a good deal of financial cushion and room for the PPS to grow back to a dollar and hopefully more. I'm all in CORG now. Everything is a gamble but think the chances are really good for this to see a dollar as well with the 13.6 million OS along with the current demand for their industry. I'll be checking in on this board occasionally in case of any new developments and think we both have a good chance of making some great returns in the near future! Best of luck and talk later.

[shipwithoutarudder]

I agree, this was worth a gamble which is what it was! I lost maybe 1k, not a big deal. I buy options every day and that's where I make the cash, however I still take a small stake in stocks now and then. Recently I purchased some CHK stock and some 2021 options. Again a small price to pay for a potential nice payday. Most analyst have them going down the tubes but at the same time the stock seems to show support around .17-19 range. It wouldn't take much for it jump back to a dollar and that's when those 2021 options would pay off. I never followed CHK but apparently they made a huge acquisition a year or two ago for several billion, that seems to be what got them where they are. I would assume they have plenty of assets they could sell if they really ran into a cash crunch, who knows, it's all a gamble!

Good luck to yourself and have a great day!

[marknet]

I only got around .009 for my 202,000 shares but at least there was more bid support. This was a huge lotto play and with a different outcome could have seen dollars. I agree there's still a small chance but more likely at this point shares will only be worth a fraction of .01. I lost quite a bit here but think I have a good chance to make it all back and a lot more with the company I'm in now. Could see $1 + which will bring my account back to life. Still following this board just in case but in the meantime let's make some money.

[shipwithoutarudder]

Did offload my remaining 25k shares yesterday afternoon for a price around .007, better than nothing. I'm actually quite surprised that there has been a bid since the last court hearing, pretty much over with! Still a slim chance that something positive could happen and if so I'll just buy back in if there's money to be made!

[shipwithoutarudder]

Looks as though everyone has given up hope on EP, can't blame them! With oil prices crashing the entire energy sector is under a lot of stress, many companies will be closing their doors, time to take what you can get or invest for the future! I will more than likely be selling the remaining shares that I have later in the day, that .007 bid will be going to 0 in the near future and you won't get anything for your shares!

[marknet]

I think it was a good idea to hold on to some shares. Anything can happen here. I'm trying to catch a runner and make some back. I'll have my finger on the trigger here if there is a change in going private or any news that will benefit shareholders.

[shipwithoutarudder]

Preserve cash always, even if at a loss! I sold half of my holdings which is pretty close to break even, I think, haven't looked! Will continue to hold my remaining shares for the next week or two depending on what develops. Appreciate you sharing what you did, I've done the same and will continue to do so!

[marknet]

Sold out at a loss but volume was there to easily sell. Unfortunately would like to have sold way higher. Will continue to monitor board for any new developments but even more of a longshot now than was before with confirmation of going private. Anything can still happen but looks like shareholders will end up with zero shares.

[shipwithoutarudder]

Someone doesn't seem to mind paying .009/sh, they're getting bought up as fast as they're being put up for sale, probably Apollo!

[shipwithoutarudder]

Pretty quiet around here, optimism seems to be dwindling with the PR's stating that they intend to take the company private at the end of this! Pretty sure there will be some lawsuits trying to block the current agreement, JPM & Fidelity management none to happy with current agreement.

My take is lighten up a bit, put a little cash in the coffers and hang on in the event something changes which wouldn't surprise me!

[bonzai_bob]

They talk about what happens to commons at the restructuring link

https://epenergyrestructuring.com/wp-content/uploads/2019/10/EPEG-Investor-FAQ.pdf

[marknet]

Got 200,000 for sale at .024 if anyone wants them. Maybe shareholders will get something decent out of this. Looks like company will be in great shape after emerging.

[marknet]

If my calculation is right that would make share value slightly less than .002 with 255 mil OS plus zero stake in highly profitable newly private company. Kick in the ass to common shareholders if this turns out to be the case. I'd love to be wrong! Needed a few shots of Wild Turkey after reading this PR. Hopefully there's good news hidden deep somewhere in there that I missed lol.

[marknet]

No mention of common shareholders in PR so probly ain't good lol. See ya'll at the exit door Monday morning.

[marknet]

Looks like bad news for shareholders. Most likely will end up with only small percentage of original investment or maybe nothing at all. Usually after hours PR on a Friday isn't a good thing.

[Talc Moan]

EP Energy Corporation Restructuring Plan Confirmed by Court

NEWS PROVIDED BY

EP Energy Corporation
Mar 06, 2020, 17:41 ET

HOUSTON, March 6, 2020 /PRNewswire/ -- EP Energy Corporation ("EP Energy" or the "Company") (OTC Pink: EPEGQ) today announced that the United States Bankruptcy Court for the Southern District of Texas (the "Court") has confirmed the Company's Plan of Reorganization (the "Plan"). The Company expects to complete its financial restructuring process and emerge from Chapter 11 bankruptcy protection as a private company in the coming weeks.

Upon emergence, the Company will reduce its debt by approximately $3.3 billion, will receive approximately $629 million in senior secured exit financing from the Company's existing revolving loan lenders, and approximately $325 million of new-money equity financing from certain of its existing noteholders. Such deleveraging and financing will ensure that EP Energy will have greater financial flexibility to support ongoing operations.

President and Chief Executive Officer Russell Parker said, "This milestone represents the commitment of our financial restructuring, which is being achieved on an expedited basis thanks to the support of our creditors and stakeholders and their confidence in our long-term value creation opportunities. Confirmation of our Plan enables EP Energy to begin taking the final steps in a process that will significantly reduce our debt and strengthen our capital structure. Based on the strength of our assets and our continued improvement on our operational execution and capital efficiency, EP Energy is poised to succeed in this operating environment and drive value for all our stakeholders."

Mr. Parker continued, "I want to thank our dedicated team of employees, who have maintained an unwavering focus and advanced our turnaround plan in the face of continued challenging industry dynamics. On behalf of the EP Energy Board and management team, I also want to express my appreciation for the continued partnership and support of our vendors, lessors and royalty owners. We look forward to completing this process over the coming weeks and beginning our next, stronger chapter together."

Additional Information

Additional resources for vendors, royalty owners, lessors and other stakeholders is available on EP Energy's restructuring website at www.EPEnergyRestructuring.com. Court filings and other documents related to the Chapter 11 process are available on a separate website administered by EP Energy's claims agent, Prime Clerk, at https://cases.primeclerk.com/EPEnergy. Information is also available by calling 877-502-9869 (toll-free in the U.S.) or [phone] (for calls originating outside the U.S.) or sending an email to [e-mail]. Additional information regarding the Chapter 11 filing is contained in a Current Report or Form 8-K filed with the Securities and Exchange Commission.

Weil, Gotshal & Manges LLP is serving as the Company's legal counsel, Evercore LLC is serving as financial advisor and FTI Consulting, Inc. is serving as restructuring advisor.

About EP Energy Corporation

The company focuses on enhancing the value of its high quality asset portfolio, increasing capital efficiency, maintaining financial flexibility, and pursuing accretive acquisitions and divestitures. EP Energy is working to set the standard for efficient development of hydrocarbons in the U.S. Learn more at epenergy.com.

Forward Looking Statements

This release includes certain forward-looking statements and projections of EP Energy. Such statements are subject to risks and uncertainties that could cause results to differ materially from the Company's expectations, including the following: risks and uncertainties relating to the Company's chapter 11 cases (the "Chapter 11 Cases"), including but not limited to, the effects of the Chapter 11 Cases on the Company and on the interests of various constituents, Bankruptcy Court rulings in the Chapter 11 Cases and the outcome of the Chapter 11 Cases in general, the potential adverse effects of the Chapter 11 Cases on the Company's liquidity or results of operations; the Company's ability to obtain debtor-in-possession financing and the amount, terms and conditions of any such financing; uncertainty associated with evaluating and completing any strategic alternatives as well as the Company's ability to implement and realize any anticipated benefits associated with any alternative that may be pursued; risks related to the expected deregistration of the common stock of EP Energy, and the suspension of our Securities and Exchange Commission reporting obligations; the effects of disruption from the Chapter 11 Cases making it more difficult to maintain business and operational relationships, to retain key executives and to maintain various licenses and approvals necessary for the Company to conduct its business; the consequences of the acceleration of the Company's debt obligations; risks related to the trading of the Company's securities on the OTC Pink Market; as well as the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2018, as updated in the Company's subsequently filed Quarterly Reports on Form 10-Q. While the Company makes these statements in good faith, neither the Company nor its management can guarantee that anticipated future results will be achieved. The Company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the Company, whether as a result of new information, future events, or otherwise. All forward-looking statements attributable to the Company or persons acting on the Company's behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

https://www.prnewswire.com/news-releases/ep-energy-corporation-restructuring-plan-confirmed-by-court-301019254.html

[shipwithoutarudder]

Margin calls anyone, talk about taking all the newest inexperienced investors money! I see all these new trading platforms advertising trading options and offering margin accts. No doubt they just took most if not all of that groups money in the last 2 weeks! Just prior to the markets tanking I saw a PR that stated there was the highest amount of call options bought, ever recorded! I thought, hmm, strange indeed but with all the new trading platforms that people can run on their phones and no doubt, most of them are probably trading while at work thinking they know what they're doing, maybe not that strange after all, lol!

Oh well, most people learn from a good a$$ kicking and are better off in the long run because of that.

[marknet]

Best case is they don't go private and our common shares retain some significant value. With their strong earnings we should be in great shape if that happens. Huge longshot lotto play with gigantic potential if everything pans out. Have to sit and wait for now.

[shipwithoutarudder]

The great scam is in play, the markets today are such a scam, not that they haven't been in the past. Maybe just ironic, maybe coincidence but around 2 weeks ago just before the corona virus scare I saw a news clip that there were an all time high in option contracts bought, don't doubt it with all the new trading platforms like Robin Hood, trade station, so fi trading and on and on promoting option trading! Next thing you know they're dropping the markets like a rock and if you know anything about trading options is that they assign a premium to each contract unless your deep in the money, with the big moves they've increased the premium to the point where it's virtually impossible to make any money unless you buy something deep in the money and even then they are commanding such a huge premium it's ridiculous! I watched several call contracts this morning lose value even though there was a $30+ move in the stock!

Any and all inexperienced option traders have probably lost a ton of cash in the past week and a half!

So is just coincidence that the virus comes along at the same time that there is an all time high in option contracts bought. If you check there are over 55,000 deaths each year from the common flu and they're making a big deal about 3,000 deaths, mostly elderly that have compromised immune systems!

I call it the big scam, just my 2 cents!!

[shipwithoutarudder]

Took a quick peek, you see the revenues for Jan 2020, they more than doubled each of the 3 previous months, whats up with that? They need to keep that up!

[barnyarddog]

8K Out MOR Report https://www.otcmarkets.com/filing/html?id=13969482&guid=ertCUKokSodAdth

[barnyarddog]

Doc 974 02/28/20 Case 19-35654 JAN 2020

Like a 10Q Jan 2020 Your browser does not support drag'n'drop file uploads.Please use the fallback form below to upload your files like in the olden days.

[shipwithoutarudder]

You pretty much hit the nail on the head, I will add this, EP Energy is a real company not some sham run out of someones home with a drop box in front of a seven eleven for a mailing address!

[marknet]

Guess we find out soon whether our common shares are fully retained and if we have voting rights or maybe we'll just get a small percentage of non converted shares or possibly nothing at all. If our shares do carry over shareholders could see some huge increases in value, given the potential billion dollar value of the post-bankruptcy company. Definitely a long shot lotto play but hopefully some news in the next few days confirming the plans the company intends to take. Heard Feb. 28 was confirmation day and March 19 is emergence day. Need a win-win for common shareholders. I know after the last few trading sessions my account could sure use a nice boost. GLTA.

[barnyarddog]

When crunching numbers the belief is that this company will have billions in assets and 800 million annual revenues after the liquidation of assets to pay off companies dept? Is that correct in my understanding anyone ?

[barnyarddog]

Best thing about this stock is this ain't no drunkard hill Billy crap this is all being handled by a court of law.

[barnyarddog]

When do they drop the Q? And when is the split to new stock happening? Not 2020 fall I hope. Could they wait until after asset liquidations? Many unknowns my first Q stock.
I think after the split my .10% should be in multi dollars. Long for future dividens? Hydrogen fuel play into future for me????