OAG360 Publishers Note: Kimmeridge, officially Kimmeridge Energy Management Co., announced yesterday 3 new positions accounting for $62 million

  • PDC Energy
  • Cimarex Energy
  • Ovintiv (artist formerly known as Encana)

The New York based private equity firm was quoted in Bloomberg saying “Ovintiv is one of the more egregious examples of misalignment in the sector, whether its the excessive compensation relative to performance, the low insider ownership, or the lack of any meaningful board refreshment”  YIKES.

Kimmeridge owns a 1.9% stake in $OVV, is leaving all options open, including proxy fights, according to Bloomberg and has relayed messages to PDC and Ovintiv, but not Cimarex.

Follow the Energy News Beat for coverage of this ongoing battle.

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GuruFocus

Investment company Kimmeridge Energy Management Company, LLC (Current Portfolio) buys Ovintiv Inc, Cimarex Energy Co, PDC Energy Inc during the 3-months ended 2020Q3, according to the most recent filings of the investment company, Kimmeridge Energy Management Company, LLC. As of 2020Q3, Kimmeridge Energy Management Company, LLC owns 3 stocks with a total value of $62 million. These are the details of the buys and sells.

For the details of Kimmeridge Energy Management Company, LLC’s stock buys and sells, go to https://www.gurufocus.com/guru/kimmeridge+energy+management+company%2C+llc/current-portfolio/portfolio


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