kimmeridge energy

NEW YORK, Oct. 19, 2018 /PRNewswire/ -- Kimmeridge Energy Management Company, LLC, beneficial owners of almost 10% of the common shares of Resolute Energy Corporation , today sent the following... | October 19, 2018 Kimmeridge Energy Management released a white paper last week describing the U.S. exploration and production (E&P) industry as being "in a time of crisis" fed by sub-$60 oil and a global move away from fossil fuels.

Copyright 2020 Dow Jones & Company, Inc. All Rights Reserved. We respect your privacy. Founded by Nick Arnott and Kerry Pogue with the objective of providing unmatched intelligence to professionals in the global activist investment space, Activist Insight made its entry into the market with online information product, Activist Insight Online. jo.id = 'FJVoiceFeed'; Kimmeridge and Benjamin Dell, Alice E. Gould, and James F. Adelson (collectively, the "Nominees," together with Kimmeridge, the "Participants") intend to file with the SEC a definitive proxy statement and accompanying form of proxy to be used in connection with the solicitation of proxies from the stockholders of PDC. Vista Equity’s Robert Smith Reaches Settlement With DOJ, HarbourVest Raises Over $8 Billion for New Secondary Fund, Supply-Chain Tech Firm E2open to Go Public in SPAC Deal, Alternative Meat Producer Raises Additional $135 Million to Drive Growth. jo.src = 'https://www.financialjuice.com/widgets/voice-player.js?mode=inline&display=1&container=FJ-voice-news-player&info=valuewalk&r=' + r; The New York-based firm began seeking at least $500 million for Kimmeridge Energy Engagement Partners LP earlier this year for investments in public energy companies, WSJ Pro Private Equity previously reported. Under the watch of PDC's current Board, the Company continues to resoundingly check each of these value destructive boxes while claiming a 'commitment to capital efficiency. The election of three new directors will instill much needed accountability and a fresh perspective at the Company. In 2013, Activist Insight’s sister business, Proxy Insight, was co-founded by Nick Dawson and Nick Arnott. Activist Insight Monthly, the world’s only monthly magazine dedicated to shareholder activism, soon followed, granting its readership access to the thoughts and opinions of key industry professionals, while providing an editorial vehicle for the data trends uniquely aggregated from Activist Insight Online. NEW YORK and DENVER, March 7, 2019 /PRNewswire/ -- Kimmeridge Energy Management Company, LLC ("Kimmeridge"), beneficial owners of 5.1% of the common shares of PDC Energy, Inc. ("PDC" or the "Company") (NYSE: PDCE), today announced that it is nominating three highly qualified candidates for election to PDC's Board of Directors at the Company's 2019 Annual Meeting of Stockholders.

. Three months after the fight, PDC acquired neighbor SRC Energy in a low-premium, all-stock deal that could become a model. Twitter, which is reportedly under pressure from Elliott Management to hire a permanent CEO, has been a prospective target for activism for at least four years ("It's a truth almost universally acknowledged that a Twitter shareholder in need of a return is in search of an activist investor." The definitive proxy statement and an accompanying proxy card will be furnished to some or all of the Company's stockholders and will be, along with other relevant documents, available at no charge on the SEC website at http://www.sec.gov/. Please speak to a licensed financial professional before making any investment decisions. Each nominee possesses extensive E&P expertise – both operational and financial – and we believe the election of Dell, Gould, and Adelson would send a strong signal from the investment community that they want the Company to seriously consider taking required steps towards improving performance, maximizing shareholder value and, in turn, becoming an attractive investment opportunity.". “ValueWalk provides an invaluable service—bringing together the best and most important commentary in the world of value investing, all in one place.”, Maybe THAT kind of insight makes it clear that ValueWalk Premium is worth another look. document.getElementsByTagName('head')[0].appendChild(jo); PDC Energy Announces Third Quarter 2020 Conference Call – Thursday, November 5, 2020, Colorado oil regulators endorse new drilling restriction, http://www.prnewswire.com/news-releases/kimmeridge-energy-nominates-three-highly-qualified-directors-for-the-board-of-pdc-energy-inc-300808349.html. (function () {

Since 2012, Activist Insight has provided its diverse range of clients with the most comprehensive information on activist investing worldwide. Quote of the week comes from MG Capital, which wrote to the audit committee of HC2 this week to urge an investigation of CEO and Chairman Philip Falcone, including "concerning accounting and disclosure issues that may represent either outright fraud or a violation of rules," and in a separate letter to shareholders said it would nominate a six-person slate to replace the entire board. Even if Mr. Falcone enacts some incremental enhancements designed to improve HC2’s short-term prospects, we believe any road forward proposed by him will lead off a cliff. Kimmeridge Energy Management has raised more than $109 million so far for a new fund focused on investing in public energy securities, a Securities and Exchange Commission filing shows. The natural question is, what took so long? Starting from next year, the self-described private equity firm is planning on having an even bigger impact. .

For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Kimmeridge has collected at least $109.3 million so far, recording its first commitment on May 11, according to the SEC filing. Unsubscribe at any time. Regular readers will be familiar with geologist and former Sanford Bernstein sell-side analyst Ben Dell and his firm Kimmeridge, the owner/operator/investor that has dipped its toe into activism three times over the past couple of proxy seasons. Information about the Participants and a description of its direct or indirect interests by security holdings is contained in the Schedule 14A filed by Kimmeridge with the SEC on March 7, 2019. ValueWalk.com is a highly regarded, non-partisan site – the website provides unique coverage on hedge funds, large asset managers, and value investing. Yet it reflects a vision for how the sector digs itself out of the mess that it currently finds itself in. With an environmental, social, and governance (ESG) agenda focused on reducing waste and improving alignment with shareholders, Kimmeridge may soon be seeking to better its result at PDC Energy, where it won 42% of the vote in a proxy contest last year. About Kimmeridge EnergyFounded in 2012 by Ben Dell, Dr. Neil McMahon and Henry Makansi, Kimmeridge Energy is an energy private equity firm focused on making direct investments in unconventional oil and gas assets in the U.S. Rather than partner with separate management teams, Kimmeridge identifies, owns and operates each of its assets directly, maintaining an in-house geology and operating team with experience across all major E&P functions. Indeed, only four investors have made public demands at three different oil and gas companies since 2018, according to Activist Insight Online, and Kimmeridge is one of them (the others are SailingStone Capital Partners, Elliott Management, and Fir Tree Partners).

"Those who are familiar with PDC, and the public U.S. E&P space, fully understand that the sector is becoming increasingly 'uninvestable' due, in large part, to excessive SG&A, a misguided focus on production growth, and misalignment of executive compensation. jo.type = 'text/javascript'; In addition, management has repeatedly appeared to be unwilling to meaningfully address the Company's failings, which has, in our view resulted in a steep discount to PDC's intrinsic value.

In that role, he was responsible for firm-wide equity … "I think people believe that if anyone could turn around the sector from an activism standpoint, it's the team we're putting together.". var jo = document.createElement('script'); "If you want to change the sector, you have to engage, and I wholeheartedly believe that ESG does not mean walking away.". Kimmeridge Contact:Noam Lockshin646.517.7251noam.lockshin@kimmeridge.com, Investor Contact:Scott Winter / Jonathan SalzbergerInnisfree M&A Incorporated212.750.5833, Media Contact:Daniel Yunger / Cathryn VaulmanKekst CNC212.521.4800daniel.yunger@kekstcnc.com cathryn.vaulman@kekstcnc.com.

, One that will help make bigger, better decisions in the future. This document is available free of charge from the sources indicated above. Most recently, he served as managing director, global industry analyst (E&P), and portfolio manager (energy & natural resources).

But it remains a reminder that activists in search of a target need a business to turn around before they commit themselves to a campaign.

That’s ambitious for an industry where as many as one-third of companies are, by Dell’s own admission, uninvestable. Mission: Providing a framework to improve your investing PROCESS, while collecting newsworthy information about trends in business, politics and tech areas.

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