Kimmeridge Energy Management Company, LLC was the SBOW suitor. It is a Manhattan based private equity group which invests in special situations by acquiring and managing energy stocks.
From the Kimmeridge web site:
"Our flagship strategy focuses on unconventional US oil and gas assets at the front end of the cost curve. We are relentless in our focus on asset quality, but flexible in our investment structure."
"Our carbon solutions strategy was developed to accelerate the energy transition to net zero. We are focused on investments at the front end of the carbon cost curve that leverage our direct operations and land aggregation expertise to reduce and offset emissions."
https://kimmeridge.com/
Kimmeridge was described by Hartenergy publication:
"...Kimmeridge is an energy private equity firm focused on making direct investments in unconventional oil and gas assets in the U.S. Rather than partner with separate management teams, Kimmeridge identifies, owns and operates each of its assets directly, maintaining an in-house geology and operating team with experience across all major E&P functions."
https://www.hartenergy.com/companies/ki ... ent-co-llc
On 9/20/2022 Kimberbridge filed a 13D reporting it acquired 14.7% of SBOW. On Sept/20 SBOW closed at almost $32. The low yesterday was 24.53 and closed at 25.10 giving it a PE 5.52 and EPS of $4.89.SBOW high of the year was in late August at about 45.50
https://d18rn0p25nwr6d.cloudfront.net/C ... 6df94.html
Also on 9/20/2022 SBOW responded by announcing a "rights plan" as described in a PR and 8K.
https://www.sbow.com/investor-relations ... fault.aspx
How SBOW trades from here is anybody guess,but the company looks very solid going into a period of extremely high demand for natural gas in the US,Europe and Asia.
My opinion is shareholders will be better served by the current management and it still is an attractive candidate for a takeover by the right company.
Farrell