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

Falling in concert with SandRidge Energy (SD) are the company's trusts. SDT -4%, PER -2.6%, SDR -6%.
Comments (7)
  • skiphawk
    , contributor
    Comments (3) | Send Message
     
    Any ideas on why SDR, SDT and PER keep falling?
    1 Mar 2013, 10:32 AM Reply Like
  • 9121821
    , contributor
    Comments (2) | Send Message
     
    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 2013, 10:47 AM Reply Like
  • don_b
    , contributor
    Comments (37) | Send Message
     
    That vote can't come soon enough.
    1 Mar 2013, 10:51 AM Reply Like
  • Mark Broer
    , contributor
    Comments (54) | Send Message
     
    Voted the Green Card yesterday on all my shares in two accounts. Get rid of Ward.
    1 Mar 2013, 11:50 AM Reply Like
  • JustGiveMeTheDividends
    , contributor
    Comments (283) | Send Message
     
    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 2013, 01:21 PM Reply Like
  • Richard Waldren
    , contributor
    Comments (238) | Send Message
     
    I did the same as Mark did above.
    2 Mar 2013, 02:15 AM Reply Like
  • don_b
    , contributor
    Comments (37) | Send Message
     
    Dumb question. Do holders of SDT shares have votes? I've received no proxy materials from my broker.
    2 Mar 2013, 11:18 AM Reply Like
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