Artist Harry Clarke's 1919 illustration for Edgar Allen Poe's "A Descent into the Maelström"
Two days ago, Ascent Resources, a privately held company focused 100% on the Ohio Utica Shale, announced the appointment of a new Chief Financial Officer (CFO). The news is somewhat interesting on its own. Top management can influence a company's direction. However, when you understand the current context under which this appointment was made and the person selected, it becomes very interesting. The key context is that Ascent is currently in the middle of a bidding war to acquire it. Is the new CFO walking into a maelstrom? Or is she possibly there to guide the company through an acquisition?
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