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Fox Business Flash top headlines for January 25 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. An investment firm plans to launch a proxy fight at Ovintiv Inc., arguing the oil-and-gas producer should alter its spending and improve governance to boost the company’s share price. Kimmeridge Energy Management Co. will nominate three candidates, including its founder Ben Dell, to Ovintiv’s board Tuesday, Kimmeridge officials said. It holds a 2.5% stake valued at about $100 million in Ovintiv, which has a market value of $4.4 billion. BIDEN’S ENERGY PLAN WILL CAUSE AMERICANS TO ‘STRUGGLE’ FOR YEARS, FORMER SHELL OIL PRESIDENT WARNS Denver-based Ovintiv produces oil and natural gas. Formerly known as Encana Corp., it has significant assets in the Permian and Anadarko basins and Canada’s Montney region. Small and midsize producers have been hurt by the severe drop in crude-oil prices in recent years and have been under pressure from investors to deliver more consistent cash flows. An Ovintiv spokeswoman said the company is focused on creating sustainable value for investors. “We have generated significant free cash flow for each of the last three years and we’re entering this year with strong momentum,” she said. […]
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