SandRidge Energy (SD) +5.8% premarket after receiving a letter from TPG-Axon calling for a...


SandRidge Energy (SD) +5.8% premarket after receiving a letter from TPG-Axon calling for a realignment of its board, the resignation of CEO Tom Ward and a potential sale of the company. Fair value for shares is $12-$14, the letter says, with "significantly greater upside possible through a strategic sale or sensible development of assets." The hedge fund owns more than 4.5% of SD's outstanding shares.

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Comments (6)
  • jeavant
    , contributor
    Comments (36) | Send Message
     
    WHAT WOULD TOM DO WITHOUT HIS $25,000,000.00 SALARY?
    8 Nov 2012, 09:14 AM Reply Like
  • Clayton Rulli
    , contributor
    Comments (3244) | Send Message
     
    If i started SD from the ground up I'd want a salary like that too
    8 Nov 2012, 09:40 AM Reply Like
  • Clayton Rulli
    , contributor
    Comments (3244) | Send Message
     
    12$ a share isn't possible. what a joke
    8 Nov 2012, 09:40 AM Reply Like
  • Trader's Profit Compass
    , contributor
    Comments (2054) | Send Message
     
    I will take $12-14 right now for my shares.........count me in
    8 Nov 2012, 09:41 AM Reply Like
  • jconstantl
    , contributor
    Comment (1) | Send Message
     
    Pump and run! Remember AA and D. Trump.
    8 Nov 2012, 01:31 PM Reply Like
  • Brandond
    , contributor
    Comments (474) | Send Message
     
    Throw Tom Ward out ASAP, put in a new board and watch this company jump just like CHK did once Icahn got involved and CHK cleaned house at the Board level.

     

    Tom Ward is abysimal and has hurt shareholder value more than any other CEO. Sorry Tom, once you go public you don't get to bleed the company dry just because you're the founder. I hope TPG squeezes the hell out of these guys; I 10,000 shares ready to vote for change and I'm sure many other SD holders are sick of this greatly underperforming stock run by a bunch of amateurs.
    9 Nov 2012, 07:27 AM Reply Like
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