Rosehill Resources Inc. Announces Partial Conversion of Class B Common Stock – GuruFocus.com Rosehill Resources Inc. Announces Partial Conversion of Class B Common Stock

HOUSTON, Dec. 27, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today announced that Tema Oil & Gas Company (“Tema”) has exchanged 14.1 million shares of its Class B Common Stock for an equivalent number of shares of Class A Common Stock. After the exchange, Tema holds approximately 15.7 million shares of Class B Common Stock and 14.1 million shares of Class A Common Stock. Tema has informed the Company that the exchange was driven in part by tax planning considerations and that Tema has no intention to sell the newly exchanged shares of Class A Common Stock in the immediate future. As a result of the exchange, the Company does not expect any change to Tema’s voting rights and all accounting impacts will be reflected in the Company’s financials for the period ending December 31, 2019. Since its conversion from a special purpose acquisition company in 2017, the Company has maintained dual share classes of common stock for the purposes of allowing certain benefits and voting rights related to its organizational structure, commonly referred to as an “Up-C” structure. Tema, as sole owner of the Company’s Class B ...

How To Get Bolts Unstuck — Tips for Stuck Bolts PM_Logo PM_Logo

Ever since a camping trip to Acadia two summers ago, when I squeezed four human adults and the camping gear for four human adults into my 2005 Jeep Wrangler Unlimited, I’d been wanting to buy a roof rack. This summer, I finally pulled the trigger with Barricade’s textured black steel rack. Before it arrived, I’d have to figure out how to get out the Torx bolts, already part of the Jeep’s frame, that would be repurposed as mounting points. Eight on the body, two on the bumper. Should be easy, I thought. I chucked a T35 bit in my drill-driver and went after one. Nothing. I slowly climbed the torque ring. It wouldn’t budge. How it works: The amount of torque delivered by a tool depends in part on the length of the lever applying force. A telescoping ratchet (I got one from Gearhead) has a handle that can extend to several different lengths. Why it didn’t work: I started to be able to feel a bit of give, and got excited—until the bit deformed the head, unseated, and spun out. So I decided to try something I’d seen someone handier than me do: I took the bit off the wrench and used a few taps of a hammer to really seat it tightly in the bolt head. Then I put the wrench on ...