Author Topic: SD - SandRidge Energy  (Read 462504 times)

ERICOPOLY

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Re: SD - SandRidge Energy
« Reply #1710 on: January 07, 2016, 06:23:30 PM »
An another nice stock pick by Hamblin Watsa


http://newsok.com/article/5470996

Meanwhile, they dissed TSLA stock in their annual report.

We'll see which stock does better in 20 years.


Bog

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Re: SD - SandRidge Energy
« Reply #1711 on: January 07, 2016, 08:55:40 PM »
Everyone makes mistakes and this is a big one. As long as they learn something from this, that prevents them from making another mistake like this in the future.

Liberty

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Re: SD - SandRidge Energy
« Reply #1712 on: May 16, 2016, 01:57:15 PM »
Filing for BK:

http://www.wsj.com/articles/sandridge-energy-files-for-bankruptcy-protection-1463404621

Now 2 pennies a share on the pink sheets, down 99.94% since 2007.
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen

Cardboard

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Re: SD - SandRidge Energy
« Reply #1713 on: May 16, 2016, 02:49:32 PM »
If Watsa had sided with the activists instead of blaming them for removing Tom Ward who was clearly abusing the corporation, it would not have risen to $20 a share as he thought it was worth from some public statements but, it sure could have been sold in early 2014 for $7, $8 or even $10 a share to another firm.

Instead, it is now worth zero. And Mr. Ward received something like a $100 million golden parachute on his way out and sold all his shares in the $5 range.

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writser

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Re: SD - SandRidge Energy
« Reply #1714 on: November 15, 2017, 12:46:06 PM »
Since then: emerged from BK. Trying to buy Bonanza Creek Energy today. Market does not like the deal.
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.

LR1400

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Re: SD - SandRidge Energy
« Reply #1715 on: April 03, 2018, 09:21:34 AM »
This may be a good one to buy into it now.

Icahn is the largest shareholder and is putting the heat on them.They just fired the CEO and CFO.

Debt is only $37mill, yes that low. Debt to equity is like .05.

This seems like a decent upside potential with virtually no downside, at least no downside of complete collapse again.

What am I missing?

Lakesider

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Re: SD - SandRidge Energy
« Reply #1716 on: April 05, 2018, 04:00:00 PM »

Was looking at this yesterday and was on my way to a buy. Icahn has played his hand and and the stock has popped 9% today.


https://www.cnbc.com/2018/04/05/carl-icahn-plans-a-boardroom-battle-for-sandridge-energy-as-he-advocates-a-sale.html

LR1400

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Re: SD - SandRidge Energy
« Reply #1717 on: April 06, 2018, 09:54:59 AM »
I let it sink back down and bought in.

Lakesider

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Re: SD - SandRidge Energy
« Reply #1718 on: June 15, 2018, 05:06:36 AM »

Lakesider

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Re: SD - SandRidge Energy
« Reply #1719 on: June 19, 2018, 02:34:53 PM »
https://www.reuters.com/article/us-sandridge-agm-icahn/activist-icahn-gains-control-of-board-in-proxy-fight-at-sandridge-energy-idUSKBN1JF229

Pretty pleased with how this is going. When I entered I figured it should be worth at least the $590M that midstates offered. As we are approaching that value now I was wondering if anyone else had any insights to valuation? Any thoughts appreciated.

Thanks