financetom
Business
financetom
/
Business
/
Kimmeridge calls for Coterra overhaul, says 2021 merger a failure
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Kimmeridge calls for Coterra overhaul, says 2021 merger a failure
Nov 4, 2025 5:34 AM

Nov 4 (Reuters) - Activist investor Kimmeridge on

Tuesday called on Coterra Energy's ( CTRA ) board to overhaul

its leadership and strategy, arguing that the 2021 merger of

Cabot Oil & Gas and Cimarex Energy has failed to deliver value

and left the company trading at a discount to its peers.

(Reporting by Pooja Menon in Bengaluru; Editing by Arun Koyyur)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Schonfeld's flagship hedge fund gained 6.2% in Q1 - source
Schonfeld's flagship hedge fund gained 6.2% in Q1 - source
Apr 2, 2024
NEW YORK, April 2 (Reuters) - Hedge fund Schonfeld Strategic Advisors ended the first quarter with a 6.2% gain in its flagship fund Strategic Partners, a source familiar with the matter said. Schonfeld's Fundamental Equity fund went up 5.9% in the quarter, the source added. Quantitative strategies, tactical trading and Asia helped boost both funds' performance in the period. ...
Sector Update: Consumer Stocks Steady Pre-Bell Tuesday
Sector Update: Consumer Stocks Steady Pre-Bell Tuesday
Apr 2, 2024
08:48 AM EDT, 04/02/2024 (MT Newswires) -- Consumer stocks were steady pre-bell Tuesday with both the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) flat recently. PVH (PVH) shares fell more than 22% after the company forecast a drop in Q1 and full-year 2024 sales. Kidpik ( PIK ) shares...
E3 Lithium Secures Final Alberta Innovates Payment
E3 Lithium Secures Final Alberta Innovates Payment
Apr 2, 2024
08:46 AM EDT, 04/02/2024 (MT Newswires) -- E3 Lithium Ltd. ( EEMMF ) , trading near 52 week lows, earlier Tuesday said that it has secured the final progress payment of $375,000 from Alberta Innovates. The payment is part of the $1.8 million non-repayable grant awarded in 2021. The Alberta Innovates grant supported the development and demonstration of Direct Lithium...
Autodesk Delays Annual Report Filing Amid Internal Investigation
Autodesk Delays Annual Report Filing Amid Internal Investigation
Apr 2, 2024
08:50 AM EDT, 04/02/2024 (MT Newswires) -- Autodesk ( ADSK ) said in a regulatory filing Monday that it is unable to file its annual report on Form 10-K for the year ended Jan. 31 due to an internal probe related to the company's free cash flow and non-GAAP operating margin procedures. The investigation is ongoing and the company intends...
Copyright 2023-2026 - www.financetom.com All Rights Reserved