Falling in concert with SandRidge Energy (SD) are the company's trusts. SDT -4%, PER -2.6%, SDR -6%.

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skiphawk Comment (1)
 
Any ideas on why SDR, SDT and PER keep falling?
1 Mar, 10:32 AM Reply Like

9121821 Comment (1)
 
The reason all the SD trusts are dropping is fear that they will not complete drilling the new wells required in the Trusts agreements. SD is not doing very well and there board is under attack by two hedge funds wanting a all new board and CEO. The vote for the new board of directors is due March 15th.
1 Mar, 10:47 AM Reply Like

don_b Comments (36)
 
That vote can't come soon enough.
1 Mar, 10:51 AM Reply Like

Mark Broer Comments (32)
 
Voted the Green Card yesterday on all my shares in two accounts. Get rid of Ward.
1 Mar, 11:50 AM Reply Like

JustGiveMeTheDividends Comments (152)
 
Not that I have anything great to say about SD--and their recent sale of all their other Permian assets means they won't have any interest in the region going forward--but my impression was that the drilling commitment has some pretty strong legal backing, something like a lien against SD's assets for the amount of the drilling expenses.
1 Mar, 01:21 PM Reply Like

Richard Waldren Comments (64)
 
I did the same as Mark did above.
2 Mar, 02:15 AM Reply Like

don_b Comments (36)
 
Dumb question. Do holders of SDT shares have votes? I've received no proxy materials from my broker.
2 Mar, 11:18 AM Reply Like