Activist Demands Changes At Panoro Energy – Sources

22SepSeptember 22, 2014

Activist Demands Changes At Panoro Energy – Sources

An activist investor, Julien Balkany, has taken an interest in a 3 million share position in a European-based oil exploration company with plans to oust four members of the current board of directors, sources familiar with the situation tell ValueWalk.

Panoro Energy ASA (OTCMKTS:PESAF) is a oil company that has struggled mightily in 2014. With exploration assets near Ebola ravaged West African nations, the company’s stock price has seen a drop . . .

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Author

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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