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meanjean43

meanjean43
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  • TPG-Axon releases a presentation detailing SandRidge Energy's (SD) related-party land transactions, including a call for an investigation of CEO Tom Ward. Entities affiliated with Ward's family appear to have acquired acreage in advance of purchases by SD in the same areas, then either sold it to third parties or kept it, TPG says. [View news story]
    I used to have an SD position. After reading the recent allegations (past 6 months), coupled with the moves of the board in response to them, I am convinced that it isn't just the CEO that is benefiting from all of this. Unfortunately as a shareholder I wasn't. I am really interested in seeing how all of this shakes out in the long run. Not while I am invested in them though. STRONG SELL
    Jan 23, 2013. 07:07 PM | Likes Like |Link to Comment
  • TPG-Axon releases a presentation detailing SandRidge Energy's (SD) related-party land transactions, including a call for an investigation of CEO Tom Ward. Entities affiliated with Ward's family appear to have acquired acreage in advance of purchases by SD in the same areas, then either sold it to third parties or kept it, TPG says. [View news story]
    Dirty SD. It's not just the ward's that are benefiting. If you look at all of the allegations of the past couple months combined with the boards responses there are definitely multiple parties on the take here. Unfortunately, its not the shareholders..
    Jan 23, 2013. 07:06 PM | Likes Like |Link to Comment
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