Sanchez Energy weakness related to Sante well issues, says Stephens Stephens attributes weakness seen yesterday in shares of Sanchez Energy to a filing with the Texas Railroad Commission that revealed a poor well result from the Sante North step-out well. The firm says the company experienced mechanical issues on the eighth plug in the well and is currently bringing in a rig to remove the rest of the plugs. Stephen expects the company to provide an update on its Q1 call and reiterates its Overweight rating and $32 price target on Sanchez.
Sanchez Energy appoints Gleeson Van Riet as CFO effective immediately Sanchez Energy announced that Gleeson Van Riet has been named Senior Vice President and CFO of the company, effective immediately. Prior to this appointment, Van Riet served as Senior Vice President, Capital Markets and Investor Relations, since April 2013 and as Interim Co-CFO since March 2015.