Ovintiv to 'Carefully Review' Investor's Board Nominees - Natural Gas Intelligence
Ovintiv to ‘Carefully Review’ Investor’s Board Nominees Private investor Kimmeridge Energy Management Co., which owns a 2.5% stake in Ovintiv Inc., has nominated three people to stand for board election as Kimmeridge looks to upend oversight of the Denver-based independent. Earlier this month Kimmeridge warned Ovintiv that the exploration and production (E&P) company needed to improve performance or face a reckoning. “Given the track record of value destruction at Ovintiv, the company requires the stewardship of a strong board…that can restore confidence in the shareholder base an...
Source: naturalgasintel.com