Jun 28th, 2019

Activist Dell: PDC Energy Needs to Fix Its Issues

In this week's "Commodity In Chief" segment on "Bloomberg Commodities Edge", Bloomberg's Alix Steel talks to Ben Dell, managing partner at Kimmeridge Energy Management. Last month Kimmeridge fell short in its efforts to revamp the board of PDC Energy with investors in the driller opting to reelect incumbent directors. The New York-based private equity firm, which owns a 5.1% stake in PDC Energy, had sought three seats on the board in an attempt to improve the performance of the oil and gas driller. (Source: Bloomberg_TV)