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Stock Market & Financial Investment News

News Breaks
November 30, 2012
10:37 EDTSDTPG-Axon sends second letter to SandRidge Energy board
TPG-Axon, beneficial owners of 6.5% of the outstanding shares of SandRidge Energy, sent a second letter today to SandRidge's board. In the letter, TPG-Axon reiterated its desire to run a process to restructure or sell the company and provides greater detail on the market's loss of confidence in management based on their poor strategy and structural challenges including staggering overhead costs. TPG-Axon also notified SandRidge of its intent to conduct a consent solicitation of shareholders to amend the bylaws of SandRidge to de-stagger the board, provide that directors be removed with or without cause, and remove and replace the current board. TPG-Axon has retained Mackenzie Partners to act on its behalf in the solicitation process.
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May 8, 2013
08:05 EDTSDSandRidge Energy valued as a failed enterprise, says Susquehanna
Susquehanna remains positive on SandRidge Energy on the belief divestitures could aid performance and improve EBITDA. The firm adds shareholder activist attention will lead to more changes ahead and reiterates its Positive rating and $10 price target.
May 7, 2013
16:26 EDTSDSandRidge Energy sees FY13 total production 32.7 MMBoe
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16:25 EDTSDSandRidge Energy reports Q1 adjusted EPS 0c, consensus (6c)
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10:10 EDTSDSandRidge Energy May volatility elevated into Q1 and outlook
SandRidge Energy May call option implied volatility of 62, June and September is at 51; compared to its 26-week average of 54 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on May 8.

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