Oil and natural gas company HighPeak Energy shares advanced 11% or $2.83 per share to $29.75 in late market trading on Monday afternoon after announcing that its Board of Directors has voted to initiate a process to evaluate certain strategic alternatives to maximize shareholder value, including a potential sale of the company.
Published first on TheFly
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Read More on HPK:
- HighPeak Energy to reduce drilling operations from six to four rigs in FY23
- HighPeak Energy initiates process to evaluate strategic alternatives
- HighPeak Energy, Inc. Announces Strategic Alternatives Process and Guidance for 2023 and 2024
- HighPeak Energy, Inc. Declares Quarterly Cash Dividend
- HighPeak Energy CEO buys $1.1M in common stock
