Former Gulfport CEO Gets Millions from Wexford Capital – Improper?

Was former Gulfport CEO Mike Liddell, who stepped down in June, a tad too cozy with an investment company that does business with Gulfport? Gulfport, you may know, is a major Utica Shale driller. A Reuters story takes aim at Liddell, questioning his relationship with investment firm Wexford Capital which has given Liddell “millions of dollars in equity interests at no cost in more than a dozen firms that have done business with Gulfport.” Gulfport says nothing improper was done and all necessary disclosures have been made to the Securities and Exchange Commission.

Will this story “have legs” and continue to reverberate in the media? It sure has all the hallmarks of the same kind of treatment the media gave former Chesapeake Energy CEO Aubrey McClendon…

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