Gulfport Pledges Share Buybacks After Hedge Fund Demand

(Reuters) Natural gas and oil firm Gulfport Energy Corp said it would buy back $400 million of shares on Thursday, just hours after a public demand to that effect from hedge fund investor Firefly Value Partners. After the close of trading, Oklahoma City-based Gulfport announced plans to buy back $400 million worth of shares in the next two years and said it bought $90 million worth of shares in the last weeks of 2018.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply