John Scully's investment firm SPO Advisory has filed a 13G with the SEC regarding its position in Zayo Group (ZAYO). Per the filing, SPO now owns 5.2% of the company with over 12.68 million shares.
This marks an increase of over 1.88 million shares since the end of 2016 when they owned 10.79 million shares. The filing was made due to activity on February 17th.
You can view the rest of SPO Advisory's portfolio in the brand new issue of Hedge Fund Wisdom.
Per Google Finance, Zayo Group is "a provider of bandwidth infrastructure in the United States, Canada and Europe. The Company operates in five segments, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. Its key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol (IP) connectivity and cloud services. Its products and services enable high-bandwidth applications, such as cloud-based computing, video, mobile, social media and machine-to-machine connectivity. As of June 30, 2016 the Company owned fiber networks in 300 metro markets, including metro areas, such as New York, Chicago, San Francisco, Paris, and London, as well as smaller metro areas, such as Allentown, Pennsylvania, Fargo, North Dakota, and Spokane, Washington. The Company also provides its network-neutral colocation and interconnection services utilizing its own data centers."
Tuesday, February 28, 2017
SPO Advisory Ups Zayo Group Stake
Friday, October 7, 2016
SPO Advisory Reduces Oasis Petroleum Position
John Scully's investment firm SPO Advisory has filed a Form 4 with the SEC regarding its position in Oasis Petroleum (OAS). Per the filing, SPO now owns 16.97 million shares of OAS.
They sold over 2.97 million shares in total on October 4th and 5th, with the bulk of the transaction coming at $11.65 per share.
We've highlighted previous SPO Advisory portfolio activity here.
Per Google Finance, Oasis Petroleum is "an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company's oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company's oil and natural gas wells operated by OPNA. The Company's projects include Williston Basin, West Williston and East Nesson. It also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS)."
Tuesday, May 3, 2016
SPO Advisory Reduces Resolute Energy Stake
John Scully's SPO Advisory has filed a 13G and a Form 4 with the SEC regarding their position in Resolute Energy (REN). Per the filings, SPO now owns 6.3% of the company with 4.8 million shares. They sold 10 million shares on April 28th at $0.51.
Per Google Finance, Resolute Energy is "an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. Its properties are Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), and the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties). It has an interest in gas gathering and compression facilities located within and adjacent to its Aneth Field Properties. Aneth Field is an oil field in southeast Utah, which produces approximately 6,290 equivalent barrels of oil per day. It owns working interests in the Aneth Unit, the McElmo Creek Unit and the Ratherford Unit. The Company has interests in approximately 27,750 gross (17,570 net) acres in the Permian Basin of Texas and southeast New Mexico. It covers over two project areas, including the Delaware Basin project area and the Northwest Shelf project area.."
Tuesday, November 3, 2015
SPO Advisory Trims Resolute Energy Stake
John Scully's investment firm SPO Advisory has filed a 13G with the SEC regarding its position in Resolute Energy (REN). Per the filing, SPO now owns 19.3% of the company with 14.99 million shares.
This is less than the 17.11 million shares they reported owning at the end of the second quarter. The filing notes they sold 2 million shares on October 28th at prices between $0.47 and $0.4991. Shares of REN are down over 59% over the past six months.
Per Google Finance, Resolute Energy Corporation "is an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The Company's asset base consists primarily of properties in Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties), and the Powder River and Big Horn Basins in Wyoming (the Wyoming Properties). Approximately 86% of its estimated net proved reserves were oil and approximately 92% were oil and natural gas liquids (NGL). The Company has an interest in gas gathering and compression facilities located within and adjacent to its Aneth Field Properties. Collectively called the Aneth Gas Processing Plant, the facility consists of an active gas compression operation operated by it and a dismantled gas processing facility."
Monday, March 24, 2014
John Scully's SPO Advisory Increases Equinix Position
John Scully's investment firm SPO Advisory has filed an amended 13G with the SEC regarding its position in Equinix (EQIX). Per the filing, SPO now owns 10.4% of EQIX with over 5.1 million shares.
This marks an increase of over 1.18 million shares since the end of 2013. The filing was made due to activity on March 19th.
Shares of EQIX have seen a ton of hedge fund activity over the past few months. Some examples include: longtime owner Coatue Management sold its Equinix position, but then Barry Rosenstein's JANA Partners outlined their thesis on EQIX in their Q4 letter.
About SPO Advisory
John Scully, William Patterson, and William Oberndorf founded SPO Advisory in 1989. SPO runs a concentrated portfolio of public equities pursuing a value investing strategy. Some of their other top holdings at the end of 2013 included Charles Schwab (SCHW), Liberty Global (LBTYK), and Pioneer Natural Resources (PXD).
About Equinix
Per Google Finance, Equinix is "connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems. The Company offers each customer a choice of business partners and solutions based on their colocation, interconnection and managed IT service needs. Equinix offers customers direct interconnection to an aggregation of bandwidth providers, including the Internet Service Providers (ISPs), broadband access networks and international carriers. Its customers include carriers and other bandwidth providers, cloud and information technology services providers, content providers, financial companies and global enterprises."
