Ring under fire from investor Cannell

摘要

PERMIAN player Ring Energy is under pressure from activist investor Cannell Capital to make changes in the new year as the US company's stock has plunged along with oil prices, writes Caroline Evans. In a recent regulatory filing, Cannell Capital said it hopes to work "collaboratively" with Ring Energy "to produce positive change". Those changes could include a shuffling of the board of directors, an enhancement of Ring Energy's capital structure and a merger with another company.