Activist Demands Changes At Panoro Energy – Sources – ValueWalk Premium

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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