November 15, 2012
Recently, a group of activist investors among SandRidge's (NYSE: SD ) shareholders became very vocal about their criticisms of the company's management in a letter dated Nov. 8. Now, another group has followed suit, Mount Kellet Capital Management, which owns 4.5% of SD, and has it valued considerably higher than it is by the market today. In this video, Motley Fool energy analyst Taylor Muckerman discusses the mounting pressure against SandRidge's management by shareholders with criticisms that can no longer be ignored, and what specific aspects of the leadership at SandRidge are to blame for all the recent ire.
Investors were startled after SandRidge plummeted when natural gas prices reached 10-year lows, but with the company halfway through its ambitious three-year plan to profitability, the future was looking bright. Recent shareholder unrest however threatens to derail SandRidge's rise back to glory. If you are unsure about the future of this emerging oil and gas junior, and are looking to find out more about its strengths and weaknesses, you should view this brand new premium report detailing SandRidge's game plan and what to expect from the company going forward. To get started -- click here!