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Sandridge's CEO and Board Still Under Fire

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November 15, 2012 | Comments (2)

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!

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Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (2) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On November 17, 2012, at 3:41 AM, mrconnors0531 wrote:

    The way I understand oil leases if you do not drill a well on a property with in 3 to 5 years you would lose your lease rights. I am not a oil man or lawyer but that would explain SD policy of drill baby drill, answer questions later.

  • Report this Comment On November 19, 2012, at 1:04 PM, mccloskr wrote:

    Nice studio backdrop are you in your moms basement

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