UK markets closed

Shale Activist Hunts for New Target in ‘Uninvestable’ Sector

Feb.27 -- The energy-focused private equity firm Kimmeridge Energy Management is looking for a U.S. shale producer to target for an overhaul, saying the sector has become “uninvestable.” The firm, which is focused entirely on U.S. oil and gas investments, is part of a growing chorus calling for radical action in the shale industry. On "Bloomberg Commodities Edge", Bloomberg's Alix Steel talks with Ben Dell, founder and managing partner at Kimmeridge.