Kimmeridge Releases Presentation on SilverBow's Track Record of Value Destructive M&A [Yahoo! Finance]
SilverBow Resorces, Inc. (SBOW)
Last silverbow resorces, inc. earnings: 3/4 04:05 pm
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Source: Yahoo! Finance
Urges shareholders to vote "FOR" all three of Kimmeridge's highly qualified, independent nominees to SilverBow's staggered board on the GOLD proxy card NEW YORK and DENVER May 2, 2024 /PRNewswire/ -- Kimmeridge, an alternative asset manager focused on the energy sector and the largest shareholder of SilverBow Resources ("SilverBow" or the "Company") holding 12.9% of outstanding shares, today released an investor presentation detailing SilverBow's consistent track record of value destructive M&A. SilverBow has pursued a failed M&A strategy that has put its balance sheet at risk – adding debt and minimum volume commitments that now represent over 96% of the Company's enterprise value – while consistently destroying shareholder value. As noted in the presentation SilverBow's TSR has underperformed the XOP following all 8 of their acquisitions, notably: -45% since acquiring assets from Teal ( October 2021 -32% since acquiring Sundance Energy and Sandpoint Resources ( April 2022
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News
- INVESTIGATION: The M&A Class Action Firm Announces An Investigation of SilverBow Resources, Inc. - SBOWPR Newswire
- SilverBow Resources Acquired By Crescent Energy, Unlocking Value [Seeking Alpha]Seeking Alpha
- SBOW Alert: Monsey Firm of Wohl & Fruchter Investigates Proposed Merger of SilverBow Resources and Crescent Energy CompanyGlobeNewswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SBOW, CRGY, HMNF, SQSPGlobeNewswire
- Shareholder Alert: Ademi LLP investigates whether SilverBow Resources, Inc. has obtained a Fair Price in its Transaction with Crescent EnergyPR Newswire
SBOW
Earnings
- 5/1/24 - Beat
SBOW
Sec Filings
- 5/16/24 - Form 425
- 5/16/24 - Form 425
- 5/16/24 - Form 425
- SBOW's page on the SEC website