Coming under fire
Investor Jana Partners urges board to repurchase stock, consider selling Houston Exploration
For Petroleum News
Houston Exploration thought it was doing the right thing to improve company performance by selling a large chunk of its Gulf of Mexico assets and using the $590 million in proceeds to pay down debt and strengthen its U.S. onshore position. Instead, the E&P independent opened itself to attack from on....
[additional news subjects in this story]
Louisiana portion of Gulf assets sold
Jana: share repurchase better for shareholders
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