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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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December 17, 2014
17:07 EDTSDTPG-Axon reports 4.1% passive stake in SandRidge Energy
12:46 EDTSDCooperman says still owns SandRidge Energy, not adding to position
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December 16, 2014
09:59 EDTSDOn The Fly: Analyst Downgrade Summary
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09:16 EDTSDOn The Fly: Pre-market Movers
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05:39 EDTSDSandRidge Energy downgraded to Sell from Hold at Wunderlich
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December 15, 2014
10:00 EDTSDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
08:44 EDTSDSandRidge Energy downgraded at SunTrust
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06:19 EDTSDSandRidge Energy downgraded to Neutral from Buy at SunTrust
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