Thursday, February 6, 2025
Activist investor Elliott pushes for change at NRG Energy- oil and gas 360

Activist investor Elliott pushes for change at NRG Energy

Nasdaq Activist investor Elliott Investment Management on Monday sent a letter to the board of NRG Energy NRG.N urging the U.S. utility to conduct a review of its home services strategy and add new independent directors. The company’s shares were up 7.14% premarket following the letter. The recommendations will remedy NRG’s underperformance and strategic missteps including the acquisition of Vivint Smart

Petrobras has high hopes for refining, pre-salt discoveries- oil and gas 360

Petrobras has high hopes for refining, pre-salt discoveries

Oil Price Brazilian-controlled oil company Petrobras has high hopes for increasing its refining capacity and its Curacao pre-salt discovery, company officials said on Friday. In a Friday webcast for investors, Petrobras director of industrial processes and products William Franca said that the company has the potential to increase its refining capacity by as much as a half a million barrels