SandRidge Energy: New Board In Action - Quick Read On The Company's Update [View article]
awesome discussion here. it's amazing how people with different insights in the industry would value sandridge's prospects. ultimately, one can only rely on his horse trading sense. i am raising my target to 8.50 -9.00. of course, i will be kicking myself if indeed tpg realizes $12 from the sale of the company.
it's curious to me that the trading volumes have been so low, though i think it's safe to say we've had a bounce off the bottom unless there are terrible first quarter results. at any rate, i have great confidence in tpg to conduct an orderly transition toward monitizing assets instead of trading ala tom ward.
kudos to all for abstaining from insulting comments while expressing very different views!
SandRidge Energy: New Board In Action - Quick Read On The Company's Update [View article]
we can all bet our dollar on one thing. tom ward may be sitting in his office but it's been roped off from the operations of the company. all he can do is wait. i would be utterly stunned if he weren't fired with cause because the remaining members from the old board are going to be playing as dumb as possible to his more shady dealings. they've got to have discovered jesus in the joy of having fiduciary responsibility to stockholders because they are scared to death that the damage containment won't stop outside their individual doormats.
this saves 18 cents of company cash per share because tom will go the way of his air force without a parachute. instead he will never live this down and quite frankly, if i were him, i'd be worried that some unbalanced person who lost money on this stock wouldn't be out to do me or my family bodily harm.
the lesson here is if you are going to try to screw people.. for god's sake, do it under the radar. don't flaunt it in their faces.
SandRidge Energy: New Board In Action - Quick Read On The Company's Update [View article]
skelly, i agree with most of what you say, but i don't understand why sandridge should dispose of infrastructure like SWD. if anything, this is what makes the lime valuable to sandrige vs. other players. so if sandridge sells it, do they then need to pay to use it?
why wouldn't they keep it and provide services to others in the play? it seems foolish to dispose of that asset, above all others.
Did The SandRidge Activist Investors Make A Big Mistake And Overvalue The Company? [View article]
we are well on the way now, since obviously the new directors are running the show. my final position here (i'm not going any further with this) is 22k shares. i'm in at 5.42. so my concentrated gamble here is that tpg can extract $8 a share, which would give me a gain of almost 57k.
risky? maybe, maybe not. i think the chances of selling it off at book value are pretty good. i'm confident that tpg will do better than that. i'm not going to worry about the day to day ups and downs.
SandRidge Energy (SD) +1.2% premarket after its new board outlines steps taken to reduce costs, including selling aircraft and cutting down on advertising and sponsorships, a month after ending a proxy battle with TPG-Axon. SD says it engaged law firm Mayer Brown to review allegations against CEO Tom Ward, and intends to complete the review by June 15. [View news story]
well, i have reached the point of being all bought in. i started buying too soon, but that's hindsight.
in for 20k shares now at 5.46. if tpg does it's magic, i'll be one very happy camper!
SandRidge Energy (SD) +1.2% premarket after its new board outlines steps taken to reduce costs, including selling aircraft and cutting down on advertising and sponsorships, a month after ending a proxy battle with TPG-Axon. SD says it engaged law firm Mayer Brown to review allegations against CEO Tom Ward, and intends to complete the review by June 15. [View news story]
the whole thing is just unfathomable, even down to giving tom ward 300k a year for his basketball tickets. it's simply unbelievable anyone could be so stupid as to think this would fly while the stock crashed and burned.
SandRidge Energy (SD) +1.2% premarket after its new board outlines steps taken to reduce costs, including selling aircraft and cutting down on advertising and sponsorships, a month after ending a proxy battle with TPG-Axon. SD says it engaged law firm Mayer Brown to review allegations against CEO Tom Ward, and intends to complete the review by June 15. [View news story]
Ward has been paid more than $116 million as CEO since 2007. Between 2007 and 2011, Ward made more than $7 million more than the two men who served as CEO of Chevron, a company more than 90 times the current size of SandRidge by market capitalization.
that says a lot, but there's more to come with the land deals. it's just pure and simple greed that's off the charts. the question in my mind is whether the old bod has any personal liability to the shareholders. how could any of this have been prudent management in the shareholder's interests? will there be a class action lawsuit?
of course, they will now unanimously join the tpg directors in voting to fire tom ward. i think that's a foregone conclusion.
SandRidge Energy (SD) +1.2% premarket after its new board outlines steps taken to reduce costs, including selling aircraft and cutting down on advertising and sponsorships, a month after ending a proxy battle with TPG-Axon. SD says it engaged law firm Mayer Brown to review allegations against CEO Tom Ward, and intends to complete the review by June 15. [View news story]
this business has been run outrageously to benefit a ceo who simply can't grasp the difference between his own money and that of the stockholders.
i'm looking for a stellar first quarter in earnings as ward has surely pulled out all the stops to try to save himself, though it's too late and too little.
SandRidge Energy Promotes David Lawler to COO Position and Provides Update on Initiatives [View article]
and now,friends.... begin the days of convoluted explanations from tom ward and the old board. the legal review should be extremely enlightening.
did the old board breach fiduciary responsibility to the shareholders? might they be personally liable in a class action lawsuit? very interesting time ahead, i'm thinking.
SandRidge Energy Promotes David Lawler to COO Position and Provides Update on Initiatives [View article]
looks like they sold the jets. such a shame, really. as a shareholder of a company the size of sandridge, i wanted to have a lower return so my ceo could enjoy himself properly.
the next thing you know they might be cutting the strings on tom ward's parachute.
SandRidge Energy Expands Board Of Directors [View article]
it appears that the proxy fight isn't over, since sandridge's board has reportedly refused to allow the new directors to sit. seems like they made the tpg settlement deal to stop the proxy fight and are not going to honor it now that the vote has been stopped. seems like a desperate measure to me.
there seems to be silence all around regarding this issue.
ari, zeits *could* ultimately be right, but i don't think it will matter considering the time frame and return i'm looking for. by the time this proves out in the real world, i should already be long out.
i'm looking for tpg to get in there and do the things that maximize value in the short term.. that is focus on making assets in hand produce revenue. there will be a huge trimming of the fat off the top. so before it even becomes well accepted that the lime is a bust everywhere (which i doubt), i'll have the bounce i'm looking for to $8. trends in the industry are positive, and 4.50 to 5.00 gas will help a lot.
it gives me comfort that i'm in for a good deal less per share than tpg or kellet. i think the worst case scenario is that we'll see sd go to below $4. if that happens, i'll be looking to get out at my cost on the way back up. but i really doubt that will happen. we are in an ugly fight that will end soon and this has killed the price and i think we've bottomed.
in summary, i am not looking to hold sd for 20 years and watch it zoom to 50. i am not looking to see it double. i am looking for a bounce to the moderate higher end of recent valuations ($8). and i am betting that i'll get it.
yes, it's a big gamble but i don't see a way to make a good profit without taking a concentrated position. the problem with diversification is that you'll wind up having some winners and some losers and overall it's not much better than just putting your money in a mutual fund.
ari, picking up a bit more on monday for 20k shares total. just gonna sit this on the back burner and forget it for several months. :). i have liquidity, so if it goes to $3 a share it won't hurt me. i don't think there's much question ward will be gone and tpg will be running the show, so it should be more predictable after that happens.
in the meantime, i really think this one doesn't have much air left to press out, price wise. still, i have been wrong before, and about bigger things. :).
the main objective i have is to lower my stress, and watching a portfolio day in and day out is just totally unnecessary unless you're managing at least several million and that's what you want to do instead of work . my little 250k portfolio? that's a joke :).
SandRidge Energy: New Board In Action - Quick Read On The Company's Update [View article]
it's curious to me that the trading volumes have been so low, though i think it's safe to say we've had a bounce off the bottom unless there are terrible first quarter results. at any rate, i have great confidence in tpg to conduct an orderly transition toward monitizing assets instead of trading ala tom ward.
kudos to all for abstaining from insulting comments while expressing very different views!
SandRidge Energy: New Board In Action - Quick Read On The Company's Update [View article]
this saves 18 cents of company cash per share because tom will go the way of his air force without a parachute. instead he will never live this down and quite frankly, if i were him, i'd be worried that some unbalanced person who lost money on this stock wouldn't be out to do me or my family bodily harm.
the lesson here is if you are going to try to screw people.. for god's sake, do it under the radar. don't flaunt it in their faces.
SandRidge Energy: New Board In Action - Quick Read On The Company's Update [View article]
why wouldn't they keep it and provide services to others in the play? it seems foolish to dispose of that asset, above all others.
Did The SandRidge Activist Investors Make A Big Mistake And Overvalue The Company? [View article]
risky? maybe, maybe not. i think the chances of selling it off at book value are pretty good. i'm confident that tpg will do better than that. i'm not going to worry about the day to day ups and downs.
SandRidge Energy (SD) +1.2% premarket after its new board outlines steps taken to reduce costs, including selling aircraft and cutting down on advertising and sponsorships, a month after ending a proxy battle with TPG-Axon. SD says it engaged law firm Mayer Brown to review allegations against CEO Tom Ward, and intends to complete the review by June 15. [View news story]
in for 20k shares now at 5.46. if tpg does it's magic, i'll be one very happy camper!
The Jig Is Up For The CEO Of Sandridge Energy [View article]
SandRidge Energy (SD) +1.2% premarket after its new board outlines steps taken to reduce costs, including selling aircraft and cutting down on advertising and sponsorships, a month after ending a proxy battle with TPG-Axon. SD says it engaged law firm Mayer Brown to review allegations against CEO Tom Ward, and intends to complete the review by June 15. [View news story]
SandRidge Energy (SD) +1.2% premarket after its new board outlines steps taken to reduce costs, including selling aircraft and cutting down on advertising and sponsorships, a month after ending a proxy battle with TPG-Axon. SD says it engaged law firm Mayer Brown to review allegations against CEO Tom Ward, and intends to complete the review by June 15. [View news story]
that says a lot, but there's more to come with the land deals. it's just pure and simple greed that's off the charts. the question in my mind is whether the old bod has any personal liability to the shareholders. how could any of this have been prudent management in the shareholder's interests? will there be a class action lawsuit?
of course, they will now unanimously join the tpg directors in voting to fire tom ward. i think that's a foregone conclusion.
SandRidge Energy (SD) +1.2% premarket after its new board outlines steps taken to reduce costs, including selling aircraft and cutting down on advertising and sponsorships, a month after ending a proxy battle with TPG-Axon. SD says it engaged law firm Mayer Brown to review allegations against CEO Tom Ward, and intends to complete the review by June 15. [View news story]
i'm looking for a stellar first quarter in earnings as ward has surely pulled out all the stops to try to save himself, though it's too late and too little.
SandRidge Energy Promotes David Lawler to COO Position and Provides Update on Initiatives [View article]
did the old board breach fiduciary responsibility to the shareholders? might they be personally liable in a class action lawsuit? very interesting time ahead, i'm thinking.
SandRidge Energy Promotes David Lawler to COO Position and Provides Update on Initiatives [View article]
the next thing you know they might be cutting the strings on tom ward's parachute.
SandRidge Energy Expands Board Of Directors [View article]
there seems to be silence all around regarding this issue.
will tpg need to start another proxy fight?
Where's Natural Gas Going Next? [View article]
i'm looking for tpg to get in there and do the things that maximize value in the short term.. that is focus on making assets in hand produce revenue. there will be a huge trimming of the fat off the top. so before it even becomes well accepted that the lime is a bust everywhere (which i doubt), i'll have the bounce i'm looking for to $8. trends in the industry are positive, and 4.50 to 5.00 gas will help a lot.
it gives me comfort that i'm in for a good deal less per share than tpg or kellet. i think the worst case scenario is that we'll see sd go to below $4. if that happens, i'll be looking to get out at my cost on the way back up. but i really doubt that will happen. we are in an ugly fight that will end soon and this has killed the price and i think we've bottomed.
in summary, i am not looking to hold sd for 20 years and watch it zoom to 50. i am not looking to see it double. i am looking for a bounce to the moderate higher end of recent valuations ($8). and i am betting that i'll get it.
yes, it's a big gamble but i don't see a way to make a good profit without taking a concentrated position. the problem with diversification is that you'll wind up having some winners and some losers and overall it's not much better than just putting your money in a mutual fund.
Where's Natural Gas Going Next? [View article]
in the meantime, i really think this one doesn't have much air left to press out, price wise. still, i have been wrong before, and about bigger things. :).
the main objective i have is to lower my stress, and watching a portfolio day in and day out is just totally unnecessary unless you're managing at least several million and that's what you want to do instead of work . my little 250k portfolio? that's a joke :).
Will Freeport-McMoRan Be The Next Commodity Stock To Roll Over? [View article]
if it weren't for the merger, this would be a 39 stock. so i think a lot of that is already discounted.