Activist Investor Baker Street Capital Calls for Board Change and New Strategic Direction at Swift Energy

Firm News

The Wall Street Journal, The Deal, The Houston Chronicle, Seeking Alpha, Barron's and other industry and local media sources reported that Olshan client, Baker Street Capital, revealed a 9.99% stake in Houston-based oil and gas company, Swift Energy, and sent a letter to its Board of Directors.  In the letter, Baker Street suggested that the Company immediately (i) add at least three shareholder representatives to the Board, (ii) cease all acreage acquisitions until the Company’s financial position and operational performance have been effectively addressed and evaluate low risk strategies to improve shareholder value, and (iii) immediately hire a top tier investment banker to evaluate strategic alternatives for the entire Company.  Steve Wolosky and Ryan Nebel represent Baker Street Capital.

Media Contact

Marketing Contact
Mizi Mehaj
Marketing & Administrative Manager

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.