Latest Breaking News On - Bloomberg ovintiv - Page 1 : comparemela.com

Oil Driller Ovintiv Faces Proxy Fight Threat From Kimmeridge Bloomberg 1/14/2021 © Photographer: Norm Betts/Bloomberg Ovintiv formerly Encana Corp. natural gas well near Alix, Alberta, Canada. (Bloomberg) Kimmeridge Energy Management Co. said it’s prepared to nominate directors to the board of Ovintiv Inc. if the oil and gas producer fails to take the necessary steps to improve its performance and restore investor confidence. Popular Searches The private equity firm, which said it owns a 2.4% stake in Ovintiv, argues in a new 18-page presentation that the company is falling behind its peers as a result of its misguided spending, expensive acquisitions, poor governance and inadequate environmental stewardship. Kimmeridge also outlines a strategy to address investor concerns by better aligning executive compensation with performance, selling non-core assets and shifting spending to the Permian Basin, among other measures.

New yorkUnited statesNew mexicoFrance generalEagle fordMark vivianoFred fowlerDoug suttlesBetts bloomberg ovintivBloomberg kimmeridge energy management coEncana corpNewfield exploration coAthlon energy incEnergy incOvintiv incBloomberg ovintiv