Bloomberg Ovv News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Bloomberg ovv. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Bloomberg Ovv Today - Breaking & Trending Today

Oil patch is poised for buyout wave as US drillers seek new land

The US energy patch is ripe for a takeover boom, as oil and gas producers flush with cash turn to dealmaking to find new sites to drill. ....

United States , New Mexico , Mitchell Ferman , Muhammad Laghari , Matt Gallagher , Pete Bowden , Vinson Elkins , Lande Spottswood , Pioneer Natural Resources Co , Mewbourne Oil Co , Exxon Mobil Corp , Chevron Corp , Energy Resources , Sm Energy Co , Jefferies Financial Group Inc , Chesapeake Energy Corp , Energy Capital Management , Organization Of Petroleum Exporting Countries , Greenlake Energy Ventures , Ovintiv Inc , Rock Resources , Mckinsey Co , Rystad Energy , Diamondback Energy Inc , Parsley Energy Inc , Bg Group ,

Oil driller Ovintiv faces proxy battle threat from Kimmeridge

Oil driller Ovintiv faces proxy battle threat from Kimmeridge
Scott Deveau, Bloomberg
FacebookTwitterEmail
Ovintiv used cube development at its RAB Davidson lease in the Permian Basin.Courtesy Ovintiv
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.
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 Mexico , United States , France General , Eagle Ford , Mark Viviano , Fred Fowler , Doug Suttles , Encana Corp , Newfield Exploration Co , Kimmeridge Energy Management Co , Athlon Energy Inc , Energy Inc , Ovintiv Inc , Courtesy Ovintiv , Energy Management , Permian Basin , Meg Gentle , Colorado Based Ovintiv , New York , Chief Executive Officer Doug Suttles , Athlon Energy , Newfield Exploration , West Texas , Paris Agreement , Bloomberg Alltop , Bloomberg Oiltop ,