NYSE:CTRAOil and Gas
Does Kimmeridge’s Board Push Reveal a Turning Point in Coterra’s (CTRA) Portfolio Strategy?
Earlier this week, activist investor Kimmeridge moved to nominate former Pioneer Natural Resources CEO Scott Sheffield to Coterra Energy’s board, urging the company to prioritize its Permian Basin crude portfolio and consider selling its natural gas assets.
This contest for influence introduces the prospect of a reshaped business mix and governance structure, which could materially affect how Coterra allocates capital and manages its asset base.
We’ll now examine how Kimmeridge’s push to...