I finally got around to reading the letter that TPG sent to Sandridge Energy (SD) regarding Tom Ward’s mismanagement. I believe they made an extremely compelling case and indeed the board and management have conducted themselves in an egregious, self-enriching manner. I believe APA, DVN, and BP are more attractive at this point, but I do like SD over the long-term. Investors need to feel comfortable that these practices will end and I believe that is impossible without real change occurring at the top.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.