November 22, 2012
Sandridge Energy (NYSE: SD ) has been embattled recently, with first one shareholder group and then a second emerging to say that they had no confidence in Sandridge's leadership, and that they wanted a big change in upper management. Yesterday, however, Perm Watsa of Fairfax Financial Holdings declared support for Sandridge CEO Tom Ward and said he has positioned the company well for the long term. In response to the conflict, Sandridge has implemented a "poison pill" safeguard against a hostile takeover bid.
In this video, Motley Fool energy analyst Taylor Muckerman details what that plan entails, what some of the shareholder grievances are, and how this conflict will affect the company going forward.
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 looks bright. If you're 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!