• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 22 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days America should go after China but it should be done in a wise way.
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 1 day World could get rid of Putin and Russia but nobody is bold enough
  • 11 hours Even Shell Agrees with Climate Change!
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 12 days Does Toyota Know Something That We Don’t?

Breaking News:

OPEC Lifts Production in February

New Tech Enhances Safety and Performance of Lithium Ion Batteries

New Tech Enhances Safety and Performance of Lithium Ion Batteries

Researchers at Incheon National University…

This Might Be The Fastest Way to Double U.S. Grid Capacity

This Might Be The Fastest Way to Double U.S. Grid Capacity

Upgrading existing lines using advanced…

Supply Chain Woes Could Derail Biden’s Electric Vehicle Agenda

Supply Chain Woes Could Derail Biden’s Electric Vehicle Agenda

The Biden administration's electric vehicle…

Editorial Dept

Editorial Dept

More Info

Premium Content

Activist Investors Have Created A Buying Opportunity In This Energy Stock

Under normal circumstances, I don’t like to see activist investors getting involved in companies whose stock I own or am considering buying. Almost by definition, the hedge funds and investment firms that constitute the kind of investor who believes that a minority stake in a company entitles them to set the agenda have short-term goals, and focusing on the next quarter rather than the next decade is, I believe, a plague that has negatively impacted corporations worldwide. There are, however, exceptions to my distrust of stocks with activist involvement, and NRG Energy (NRG) is one of them.

News broke on Thursday morning that Elliot Investment Management, who in May disclosed a roughly $1 billion “economic interest” in NRG, is seeking to oust the company’s CEO, Mauricio Gutierrez, and other top executives after having sent a letter to the company a month ago requesting that they make some strategic changes. Clearly, Elliot feels that that request for change fell on deaf ears and is now taking a more aggressive approach.

The market’s view of the desirability of some change is clear. By lunchtime on Thursday, NRG was the day’s best performing stock in the S&P 500, up more than 4% from Wednesday’s close.  The thing is, though, it looks as if the chances of any major personnel change being forced at the executive level are slim. It isn’t known how much of that $1 billion interest, if any, is in stock, but even…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News