1. Activist Investors Get More Backing for Change at PDC Energy

    Activist Investors Get More Backing for Change at PDC Energy

    (Bloomberg) -- The push for change at oil and gas producer PDC Energy Inc. has won the support of another activist investor, who plans to vote in favor of Kimmeridge Energy Management’s three nominees for the board. Lion Point Capital, which owns a 2.3% stake in PDC Energy, believes the company requires changes at the board level to improve its performance...

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    1. The focus on reducing costs and giving additional oversight over all strategic options reviewed by the board is important.
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