SandRidge Energy Inc. (SD): Here’s What You Need To Know

Given the poor results, some investors have gotten concerned that SandRidge might have to sell more assets. Yet rival Chesapeake Energy Corporation (NYSE:CHK) was only able to get $2,400 per acre when it sold off a substantial stake in the Mississippian Lime in February, boding ill for SandRidge’s prospects to avoid fire-sale prices if it has to raise cash.

Meanwhile, the distraction of a potential proxy battle with hedge fund TPG-Axon Group has hung over SandRidge. The company ended up settling with TPG-Axon by increasing the size of its board of directors to 11, with the extra four members to be named by the hedge fund. Nevertheless, ongoing concerns about CEO Tom Ward have the company looking at land deals involving the executive’s family, and it’s highly uncertain whether he’ll remain as the company’s leader much longer.

In SandRidge’s quarterly report, watch for the latest information about whether the company has had more success finding oil and gas-liquids from its Mississippian wells. If it can improve its mix, then SandRidge shares could represent a true bargain at current prices.

The article Is SandRidge Finally Poised to Rebound? originally appeared on Fool.com.

Motley Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool owns shares of SandRidge Mississippian Trust II and has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy.

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