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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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July 28, 2015
10:00 EDTSDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aegerion (AEGR) upgraded to Buy from Hold at Jefferies... Ameren (AEE) upgraded to Neutral from Sell at Goldman... AutoNation (AN) upgraded to Buy from Neutral at Sterne Agee CRT... Beacon Roofing (BECN) upgraded to Outperform at Baird... BlackBerry (BBRY) upgraded to Equal Weight from Underweight at Morgan Stanley... Bojangles (BOJA) upgraded to Buy from Neutral at SunTrust... Boyd Gaming (BYD) upgraded to Neutral from Underperform at BofA/Merrill... Columbus McKinnon (CMCO) upgraded to Buy from Neutral at Sidoti... Danaher (DHR) upgraded to Overweight from Equal Weight at Morgan Stanley... Emerald Oil (EOX) upgraded to Hold from Sell at Wunderlich... Haemonetics (HAE) upgraded Outperform from Market Perform at Barrington... Jefferies sees entry point for Aegerion (AEGR), upgrades to Buy... Philips (PHG) upgraded to Buy from Hold at Societe Generale... Plum Creek Timber (PCL) upgraded to Buy from Neutral at DA Davidson... Raytheon (RTN) upgraded to Buy from Neutral at BofA/Merrill... SandRidge Energy (SD) upgraded to Hold from Sell at Wunderlich... Telecom Argentina (TEO) upgraded to Outperform from Market Perform at Raymond James... Teva (TEVA) upgraded to Outperform from Market Perform at BMO Capital... Triumph Bancorp (TBK) upgraded to Buy from Hold at Evercore ISI... Waste Management (WM) upgraded on valuation, rebounding businesses at Argus... Wisconsin Energy (WEC) upgraded to Buy from Neutral at Goldman.
07:52 EDTSDSandRidge Energy upgraded to Hold from Sell at Wunderlich
Wunderlich upgraded SandRidge Energy to Hold with a 50c price target.
July 22, 2015
06:28 EDTSDSandRidge Energy coverage assumed with an Underperform at Credit Suisse
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