News Breaks |
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| November 30, 2012 |
| 16:22 EDT |  | SD | TPG-Axon reports 6.5% stake in SandRidge Energy, urges sale or restructuring
TPG-Axon disclosed in a filing that it holds a 6.5% stake in Sandridge Energy, including shares of common stock underlying swap agreements. In a letter to the company's board, TPG-Axon said, "[we have] heightened concern with the inability of the Issuer's management team to restore stockholder value and focusing on management's continued overspending, self-dealing and incoherent corporate strategy. The letter set forth [our] belief that, as a result of the foregoing concerns, a sale or dramatic simplification and restructuring of the Issuer are the only two viable options at this time." TPG-Axon also said in its letter that it seeks to replace the company's incumbent directors and de-stagger the board. |
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| May 8, 2013 |
| 08:05 EDT |  | SD | SandRidge 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. |
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| May 7, 2013 |
| 16:26 EDT | | SD | SandRidge Energy sees FY13 total production 32.7 MMBoe
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| 16:25 EDT |  | SD | SandRidge Energy reports Q1 adjusted EPS 0c, consensus (6c)
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| 10:10 EDT |  | SD | SandRidge 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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