Current CRZO Stock Info

Kimmeridge pushes the firm to focus on Permian
Activist investors continue to shake up E&P companies, with one group now taking aim at Carrizo Oil & Gas (ticker: CRZO).

Private equity firm Kimmeridge Energy disclosed an 8.1% stake in Carrizo today, roughly 6.6 million shares. According to the filing, Kimmeridge is pushing Carrizo to remedy several challenges. Kimmeridge believes Carrizo has a high debt level and criticizes the company’s distributed, multi-basin operations approach.

According to EnerCom Analytics, Carrizo currentl...

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