Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.
Activist investors in America’s energy patch are not quite out of fuel. Hedge fund Audley Capital’s effort to inject fresh board blood into $1.8-billion coal miner Walter Energy suggests bigger targets with egregious governance like Chesapeake Energy and Hess are growing scarce. But there are still a few where weak performance invites scrutiny.