(Reuters) Distressed debt investors in U.S. oil and gas companies are turning into activist shareholders and pushing for more deals in the sector to boost the value of energy holdings they snapped up during the oil market slump. Hedge funds, such as Fir Tree Partners and Strategic Value Partners, bought debt of many U.S. energy firms for pennies on the dollar as oil tumbled more than 70 percent in late 2014 and 2015 and later swapped it for shares in bankruptcy proceedings.
Distressed Debt Funds Turn Activist to Rescue US Energy Bets
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