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Stock Market & Financial Investment News

News Breaks
November 15, 2012
10:27 EDTSDSandRidge Energy holder Mount Kellett says company valuation at least $20/share
Mount Kellett Capital Management sent and made public a letter to SandRidge Energy's Board of Directors outlining issues related to the company's management and strategic direction. In the letter, Mount Kellet said: "Mount Kellett and funds and accounts under common control collectively have beneficial ownership in SandRidge Energy of 22.2M shares, or approximately 4.5% of the Company's outstanding common stock...we believe that properly managed the Company's assets are worth approximately $20 per share...Lest the Board believe that TPG-Axon's concerns are isolated ones, we are writing to add our views and be crystal clear that management and the Board cannot ignore the interests of the Company's stockholders any longer...we believe SandRidge's Net Asset Value to be approximately $16.5B, assuming the mid-stream assets at cost, prior to net debt and royalty trust minority interest...We would prefer that the Board take the initiative and work in consultation with major stockholders to make the necessary changes. Of course, if that does not happen, the stockholders will have no choice but to take the necessary actions to protect their investment."
News For SD From The Last 14 Days
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September 2, 2014
10:02 EDTSDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Cabot Oil & Gas (COG) upgraded at Stifel... Century Aluminum (CENX) upgraded to Overweight from Equal Weight at Morgan Stanley... Groupon (GRPN) upgraded at RBC Capital... Hawaiian Electric (HE) upgraded to Neutral from Cautious at ISI Group... Life Time Fitness (LTM) upgraded to Overweight from Neutral at Piper Jaffray... Live Nation (LYV) upgraded to Buy from Neutral at Northcoast... Northrop Grumman (NOC) upgraded at RBC Capital... Panasonic (PCRFY) upgraded to Buy from Sell at CLSA... Progressive (PGR) upgraded at Goldman... RCS Capital (RCAP) upgraded to Buy from Neutral at Citigroup... SandRidge Energy (SD) upgraded at Stifel... Staples (SPLS) upgraded to Outperform from Neutral at Credit Suisse... Statoil (STO) upgraded to Buy from Hold at Deutsche Bank... Tenaris (TS) upgraded to Neutral from Sell at UBS... Tesla (TSLA) upgraded at Stifel... Ultratech (UTEK) upgraded to Outperform from Market Perform at Barrington... Volkswagen (VLKAY) upgraded to Outperform from Neutral at Exane BNP Paribas... Waddell & Reed (WDR) upgraded to Buy from Hold at Jefferies... Willis Group (WSH) upgraded to Outperform from Market Perform at Keefe Bruyette... zulily (ZU) upgraded to Buy from Fair Value at CRT Capital.
08:56 EDTSDOn The Fly: Pre-market Movers
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08:27 EDTSDSandRidge Energy upgraded at Stifel
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06:08 EDTSDSandRidge Energy upgraded to Buy from Hold at Stifel
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August 20, 2014
09:22 EDTSDSandRidge Energy says COO resigns to take CEO position at another company
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