Cation Capital targets board seats at Crescent Point: Reuters
Cation Capital, a private investment firm led by the former deputy head of global oil and gas at Macquarie Group, said this week it intends to nominate four candidates to Crescent Point Energy Corp’s board at a shareholders meeting next month, Reuters reported. Cation said it was “compelled to take this action given the significant destruction of shareholder value and the abject failure of the Canadian oil producer’s current leadership across all aspects.” Calgary's Crescent Point, in return, said Cation’s last-minute demand was unreasonable and reckless, adding that the firm “appears to have been created for the sole purpose of creating conflict and havoc.”
9 April 2018•2 mins read
