Editor’s Note: Related tickers: SandRidge Energy Inc. (NYSE:SD), Chesapeake Energy Corporation (NYSE:CHK), Exxon Mobil Corporation (NYSE:XOM)
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.
ExxonMobil partners with arts organizations to bring arts to Alsen, Baker area summer campers (ZacharyToday)
Exxon Mobil Corporation (NYSE:XOM), the Community Fund for the Arts (CFA) and BREC are partnering to bring a free local arts production to about 200 north Baton Rouge summer campers today. Campers will have the opportunity to see the arts in action during three 30-minute performances by the Louisiana Sinfonietta, Playmakers of Baton Rouge and artist — and Exxon Mobil Corporation (NYSE:XOM) employee — Jennifer Hughes. Through these performances, funded by Exxon Mobil Corporation (NYSE:XOM), campers will learn about the connection between the arts and STEM (Science, Technology, Engineering and Math).
ExxonMobil and Employees Donate $665,944 to Kansas Colleges and Universities (EON)
Exxon Mobil Corporation (NYSE:XOM) and its employees, including those from XTO Energy, donated $665,994 to higher education institutions across Kansas as part of the Exxon Mobil Corporation (NYSE:XOM) Foundation’s 2012 Educational Matching Gift Program. “ExxonMobil employees have a history of giving back through both their volunteerism and philanthropy. The corporation and foundation share that philosophy and are proud to join them in their generous support” Exxon Mobil Corporation (NYSE:XOM)Foundation contributed unrestricted grants of $484,783 to match donations of $181,161 from employees, retirees, directors and surviving spouses. This investment includes gifts from employees of XTO Energy Inc., an Exxon Mobil Corporation (NYSE:XOM) subsidiary. XTO Energy has offices in Lakin and Garden City with a nine-county operating area in the state of Kansas.
