Prnewswire·2026-02-02 22:33Core Viewpoint - Kimmeridge Energy Management Company expresses support for the merger between Coterra Energy and Devon Energy, emphasizing the need for portfolio rationalization and a focus on the Delaware basin to unlock shareholder value [2]. Group 1: Merger Announcement - Coterra Energy and Devon Energy have announced a definitive agreement to merge in an all-stock transaction [1]. - Kimmeridge, as a significant shareholder in both companies, is optimistic about the merger's potential to create shareholder value [2]. Group 2: Kimmeridge's Position and Actions - Kimmeridge has submitted director nominees and is awaiting the disclosure of Coterra's slate and the S-4 merger filing to understand the competitive process undertaken by Coterra's Board [2]. - An Open Letter was previously sent by Kimmeridge to Coterra's Board on November 4, 2025, outlining steps to address governance failures and enhance shareholder value [2]. Group 3: About Kimmeridge - Kimmeridge, founded in 2012, is an alternative asset manager focused on the energy sector, known for its direct investment approach and active portfolio management [3]. - The firm has outperformed the S&P 500 and relevant indices by 2x on an annualized basis since its inception [3].