Epsilon Energy (OTCPK:EPSEF)[TSX: (EPS)] is a Canadian E&P with its principal asset in the United States. Epsilon was managed by what I would qualify as "run of the mill" E&P executives, who spent money drilling left and right without too much success.
Earlier in 2013, John Lovoi, managing partner of the energy focused advisory firm JVL Advisors (and ex-head of Morgan Stanley Oil and Gas investment banking), along with the $10 billion asset manager Advisory Research acquired a 30% ownership stake in the company (at prices ranging from $3 to $4 a share). Epsilon management responded to JVL and Advisory Research position by initiating a strategic review. The review however failed to produce tangible results; in consequence...
Only subscribers can access this article, which is part of the PRO research library covering 3,775 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: