Two of SilverBow Resources Inc's largest investors are pushing the U.S. oil and gas producer to revamp its board to address governance concerns and boost its lagging performance, according to statements on Thursday. Hedge fund Riposte Capital, which currently holds a 6.7% stake in SilverBow, in a letter to the company urged SilverBow to appoint three new directors to its board, months after Reuters reported the investor's attempts to push the shale producer to drop anti-takeover defences and explore a sale. In its latest letter, the fourth-largest stockholder called on the company to appoint new board members at the shareholder meeting due next year, having failed to act on its earlier demands and, instead, pursued a strategy that resulted in a further underperformance against rivals.
In this article, we’ll discuss the top natural gas-producing companies in the US and their current dynamics. If you want to skip our detailed overview of the country’s natural gas sector, read Top 5 Natural Gas Producers in the US. The United States is rich in natural gas resources found in multiple key basins and regions. Firstly, the […]
In this article, we discuss the 11 best LNG and LNG shipping stocks to buy now. If you want to read about some more LNG and LNG shipping stocks, go directly to the 5 Best LNG and LNG Shipping Stocks to Buy Now. The United States has witnessed a surge in natural gas production since […]