Kyle Bass' hedge fund firm Hayman Capital has filed a 13G with the SEC regarding their stake in Energy XXI (EXXI). The first filing shows that Hayman now owns 5.08% of the company with over 4.77 million shares.
This marks an increase of 1.77 million shares since the end of the second quarter. The filing was made due to activity on September 30th.
Per Google Finance, Energy XXI is "an independent oil and natural gas exploration and production company with operations focused in the United States Gulf Coast and the Gulf of Mexico. The Company is engaged in the acquisition, exploration, development and operation of oil and natural gas properties onshore in Louisiana and Texas and offshore in the Gulf of Mexico."
Tuesday, October 7, 2014
Kyle Bass' Hayman Capital Ramps Up Energy XXI Stake
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