Kimmeridge Invests in Devon Energy, Seeking Changes

Activist investment firm Kimmeridge Energy Management acquires a stake in Devon Energy, causing a slight stock increase. The firm also recently invested in Coterra Energy, aiming for leadership changes and asset sales. Kimmeridges involvement signals potential operational, financial, or strategic improvements for shareholders.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.