Seht euch mal KCS Energy - 888285-an! - 500 Beiträge pro Seite

[CONQUASI]

Nach herben Verlusten geht es jetzt wieder stetig aufwärts.

Der Kursverfall resultierte aus Zahlungsschwierigkeiten - Aber nach dem Vekauf von Verlußtbringern und Konzentration aufs Kerngeschäft kennt die Aktie nur einen Weg : nach oben


- Ölbranche

Und hier ndie offizielle Nachricht, die die Kursexplosion verursacht hat

KCS ENERGY INC (NYSE: KCS)
Quote, Profile, History, News, Chart, Zacks, MarketGuide, StockTalk
News June 25, 12:03 Eastern Time


KCS ENERGY, INC. ANNOUNCES PROPERTY SALES TOTALING $24.3 MILLION
HOUSTON, Jun 25, 1999 /PRNewswire via COMTEX/ -- KCS Energy, Inc. (NYSE: KCS) announced today that it has completed the sale of certain Volumetric Production Payment ("VPP" assets in a transaction totaling $21.9 million, adjusted for an effective date of April 1, 1999. Production received from the assets was 13.0 million cubic feet (Mmcf) of gas per day and 310 barrels of condensate per day at the time of the sale. The Company utilized $15.2 million of the net cash proceeds received at closing to repay bank debt. The remaining cash proceeds of approximately $4.0 million are intended to support future capital spending programs. In addition, KCS has closed five other property sales since January 1, 1999 realizing $2.4 million for properties that had $0.4 million SEC PV10 value at year end 1998.
"These divestitures and debt repayments are consistent with the Company`s strategy to monetize non-core properties and reduce debt," stated James W. Christmas, KCS Energy President and Chief Executive Officer. "We are aheadof target with our previously announced planned 1999 property sales of$25 million to $30 million. The Company intends to continue its divestiture effort throughout 1999 and end the year with a more focused asset base."

Since entering into a forbearance agreement on May 18, 1999 with itsbank lenders, the Company has made principal payments under its revolving bank credit agreements in an aggregate amount of approximately $19.5 million. These payments have reduced total commitments and outstanding debt underthe revolving bank credit agreements to approximately $130 million.

KCS is an independent energy company engaged in the acquisition, exploration and production of natural gas and crude oil with operations in the Mid-Continent and Gulf Coast regions. The Company also purchases reserves (priority rights to future delivery of oil and gas) through its Volumetric Production Payment (VPP). For more information on KCS Energy, Inc., please visit the Company`s web site at http://www.kcsenergy.com .

To receive KCS` latest news and other corporate developments via fax at no cost, please call 1-800-PRO-INFO. Use Company code KCS. Or visit The Financial Relations Board`s web site at http://www.frbinc.com .

This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are delays and difficulties in developing currently owned properties, the failure of exploratory drilling to result in commercial wells, delays due to the limited availability of drilling equipment and personnel, fluctuations in oil and gas prices, general economic conditions and the risk factors detailed from time to time in the Company`s periodic reports and registration statements filed with the Securities and Exchange Commission.

SOURCE KCS Energy, Inc.

(C) 1999 PR Newswire. All rights reserved.
http://www.prnewswire.com -0-
CONTACT: Kathryn M. Kinnamon, VP & Treasurer of KCS Energy, Inc.,
713-877-8006; or General Info, Marianne Stewart, Media,
Claudine Cornelis,
212-661-8030, or Analyst, Beth Lewis, 617-342-7003, all
of The Financial
Relations Board

WEB PAGE: http://www.frbinc.com
http://www.kcsenergy.com

GEOGRAPHY: Texas

INDUSTRY CODE: OIL

[CONQUASI]

Gestern gings dann leider ein "wenig" zurück

Neue Nachricht :



News July 13, 13:50 Eastern Time


KCS ENERGY`S LENDERS BLOCK INTEREST PAYMENT COMPANY CONTINUES DISCUSSIONS WITH LENDERS AND BONDHOLDERS
HOUSTON, Jul 13, 1999 /PRNewswire via COMTEX/ -- KCS Energy, Inc. (NYSE: KCS) today reported on the status of the Company`s forbearance agreements on each of its revolving bank credit agreements. The agreements had provided that the lenders would defer redetermination of the borrowing base until July 1, 1999, and would refrain from exercising their rights and remedies as a result of the existing defaults until June 30.
The lenders have reset the Company`s borrowing base to $91 million. The principal outstanding under the bank loans is presently $126.7 million. Because the Company did not make this $35.7 million additional lump-sum payment, a payment default has occurred. The lenders have delivered a payment blockage notice to the indenture trustee of the 8.875% subordinated notes. The Company will not make the scheduled July 15 interest payment on both the 8.875% subordinated notes and the 11% senior notes, totaling $13.8 million. The outstanding amount of the subordinated notes is $125 million and the outstanding amount of the senior notes is $150 million.

The lenders also declared due all amounts owing under the bank loans, demanded payment and declared in effect the default rate of interest. Since entering into an initial forbearance agreement on May 18, KCS has repaid the banks $23.3 million, reducing the outstanding loans from $150 million to $126.7 million as of June 30, 1999. KCS President and Chief Executive Officer James W. Christmas said, "We are continuing to have constructive discussions with the bank groups regarding an extension of the forbearance agreements. Although there can be no assurance, we are hopeful we will be able to work out an extension soon."

According to Mr. Christmas, the Company and its financial advisors, Houlihan Lokey Howard & Zukin, have been in discussions with bondholders. "The Company plans to pursue a restructuring transaction that would result in a significantly deleveraged balance sheet and would position the Company to pursue its significant growth opportunities."

Mr. Christmas added, "With the substantial rebound in commodity prices since the beginning of the year, the Company`s cash flow and asset valuehave been positively impacted. Even after reducing the outstanding bank loansby $23.3 million through June 30, the Company`s working capital position has improved since March 31, 1999, the Company remains current on itstrade obligations and intends to continue paying its trade obligations in the ordinary course of business. The Company has a solid base of assets on which to grow and continues to carry out its capital expenditure program." KCSis ahead of target on its planned 1999 property sales of $25 million to $30 million, and intends to divest additional non-core assets throughout 1999.In June, KCS reported asset and property sales totaling $24.3 million.

KCS is an independent energy company engaged in the acquisition, exploration and production of natural gas and crude oil with operations in the Mid-Continent and Gulf Coast regions. The Company also purchases reserves (priority rights to future delivery of oil and gas) through its Volumetric Production Payment (VPP) program. For more information on KCS Energy, Inc., please visit the Company`s web site at http://www.kcsenergy.com .

To receive KCS` latest news and other corporate developments via fax at no cost, please call 1-800-PRO-INFO. Use company code KCS. See also http://www.frbinc.com .

This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are delays and difficulties in developing currently owned properties, the failure of exploratory drilling to result in commercial wells, delays due to the limited availability of drilling equipment and personnel, fluctuations in oil and gas prices, general economic conditions and the risk factors detailed from time to time in the Company`s periodic reports and registration statements filed with the Securities and Exchange Commission.

SOURCE KCS Energy, Inc.

(C) 1999 PR Newswire. All rights reserved.
http://www.prnewswire.com -0-
CONTACT: Kathryn M. Kinnamon, VP, Treasurer & Acting CFO of KCS
Energy,
Inc., 713-877-8006; General Info., Marianne Stewart,
212-661-8030, Analyst,
Beth Lewis, 617-342-7003, or Media, Claudine Cornelis,
212-661-8030, all of
the Financial Relations Board

WEB PAGE: http://www.frbinc.com
http://www.kcsenergy.com

GEOGRAPHY: Texas

INDUSTRY



Abwarten aber da steckt jede Menge Potential drin

[Tiger5]

Please write in German

Thank You


Tiger

[Adler77]

hallo kcs energy-freunde !

habt ihr die aktie noch im depot ? dieser thread ist schon ziemlich alt.

ich selbst habe noch einige im dopot. mich würde interessieren wie ihr die momentane situation seht.
also ich freue mich auf euro hoffentlich positive statements !

viele grüsse

SANDRO

[Mister Bi]

Wir haben 11500 Aktien und wollen von dem gewinn in die Karibik fliegen!
Sind schon seit July 99 Dabei und sind in diese Aktie verliebt!

[Max025]

Ich bin doch nicht der einzigste der an diese Aktie glaubt.


Max025

[rvk]

Ich hatte das Glück letztes Jahr im Sommer einige Stücke zum
Tiefstkurs zu ergattern und habe bis heute ordentlich plus
gemacht und wenn es so weiter geht, dann sehen wir bald die
alten Kurse wieder.Denn kcs ist in Moment ein klarer Kauf.

[CONQUASI]

Tolle Aktie - ohne sie hätte ich im letzten Halbjahr schlechte Laune bekommen :-)

das Konkursverfahren wurde eingestellt - somit sind die Kurse gerechtfertigt und es ist immernoch Luft nach oben!

[krabappel]

hi KCS Freundeskreis, hi Conquasi,
kein "very important" Beitrag, aber wollt nur kundtun: KCS hat auch mir im letzten halben Jahr den Arsch gerettet. Und ich glaube weiterhin an KCS, indem ich ehrfurchtsvoll ab und an auf den 5 Jahres-Chart blicke...