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Energy News: SandRidge Energy Inc. (SD), Chesapeake Energy Corporation (CHK) & Exxon Mobil Corporation (XOM)

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Editor’s Note: Related tickers: SandRidge Energy Inc. (NYSE:SD), Chesapeake Energy Corporation (NYSE:CHK), Exxon Mobil Corporation (NYSE:XOM)

SandRidge Energy Inc. (NYSE:SD)Former CEO Tom Ward sells SandRidge stock (TulsaWorld)
Former SandRidge Energy Inc. (NYSE:SD) CEO Tom Ward sold nearly $50 million in company stock after his ouster last month, according to a regulatory document filed Monday. Ward was replaced as SandRidge Energy Inc. (NYSE:SD)’s chief executive June 19 after a proxy fight with one of the company’s largest shareholders. Ward received more than $90 million in cash and SandRidge Energy Inc. (NYSE:SD) stock when he was terminated “without cause.” Ward sold nearly 3 million shares of stock June 27, netting more than $14.3 million at $4.77 a share, according to Monday’s filing.

Billionaire Leon Cooperman Still Likes SandRidge Energy Inc. (SD) (InsiderMonkey)
At the Delivering Alpha conference on July 17th, billionaire Leon Cooperman of Omega Advisors listed SandRidge Energy Inc. (NYSE:SD) as a potential turnaround and one of his top picks. We track quarterly 13F filings from Omega and hundreds of other hedge funds as part of our work researching investment strategies (we have found, for example, that the most popular small cap stocks among hedge funds earn an average excess return of 18 percentage points per year) and can see from our database that the fund owned about 27 million shares of SandRidge Energy Inc. (NYSE:SD) as of the end of March.

Can Chesapeake Energy Thrive Under a New CEO? (WallStCheatSheet)
Chesapeake Energy Corporation (NYSE:CHK)‘s stock has surged 18 percent since January 28 — the day Aubrey McClendon announced he would step down as CEO. With a new management team at the helm, the company is focusing on stabilizing its natural gas operations, which have struggled owing to an oversupply of natural gas, and reducing the amount of debt on its balance sheet. Is Chesapeake Energy Corporation (NYSE:CHK) on a sustainable path to profitability? Let’s use our CHEAT SHEET investing framework to decide whether Chesapeake Energy Corporation (NYSE:CHK) is an OUTPERFORM, WAIT AND SEE, or STAY AWAY. Clearly, investors responded positively to the news of Aubrey McClendon’s departure, but what exactly were they celebrating?

Landowner disputes with Chesapeake hit a boiling point in northern Pa. (EENews)
The quiet breeze rolling over the hills west of Litchfield Township has replaced the hum of natural gas rigs operating in rural northeastern Pennsylvania. On a hot afternoon in June, Terry and Diana Van Curen’s car ambled toward Aikens Well 5H, where Chesapeake Energy Corporation (NYSE:CHK) has been extracting gas from under the couple’s 17-acre wooded property for the past year. …County commissioners and state officeholders are being inundated with complaints about royalty stubs. In this, Chesapeake Energy Corporation (NYSE:CHK) stands almost alone in taking criticism from people who signed leases in 2009 and 2010 and are finally seeing royalty checks for gas production.

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