Past year: ▲ 15%(11.91 – 17.53 USD)
Each one in plain English, with the numbers worked through for a shareholder.
16 May 2016bankruptcy or receivership▼ BadMajor
SandRidge and its subsidiaries filed Chapter 11 on May 16, 2016, under a restructuring support agreement signed May 11 with holders of about 98% of first-lien claims, 79% of second-lien notes and 55% of unsecured notes. Second-lien and unsecured creditors would receive new equity, and existing preferred and common stock would be canceled.
11 May 2016late filing notice▼ Bad
SANDRIDGE ENERGY INC notified the SEC that its quarterly report would be filed late.
29 Mar 2016quarterly activities report▼ Bad
SandRidge reported a fourth-quarter 2015 adjusted net loss of $74 million ($0.09 per share) and adjusted EBITDA of $67 million. It introduced 2016 capital spending guidance of $285 million, about 60% below 2015, and year-end proved reserves of 325 MMBoe.
16 Mar 2016late filing notice▼ Bad
SANDRIDGE ENERGY INC notified the SEC that its annual report would be filed late.
10 Feb 2016substantial holder notice● Neutral
The Vanguard Group reported a SANDRIDGE ENERGY INC shareholding of 27,252,815 shares (4.69% of votes) in a periodic institutional filing.
9 Feb 2016substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial SANDRIDGE ENERGY INC shareholding (5.40% of votes).
26 Jan 2016listing compliance notice● NeutralMajor
SANDRIDGE ENERGY INC's exchange filed to remove a class of its securities from listing.
25 Jan 2016debt financing▼ BadMajor
SandRidge drew down the remaining $488.9 million available under its credit facility and retained restructuring advisors Kirkland & Ellis and Houlihan Lokey, signaling it was preparing for a debt restructuring.
7 Jan 2016listing compliance notice▼ BadMajor
NYSE moved to delist SandRidge's stock after its price collapsed further, suspending trading; shares began trading over-the-counter under the symbol SDOC.
5 Nov 2015quarterly activities report▼ Bad
SANDRIDGE ENERGY INC reported quarterly revenue of $180.2 million and a net loss of $640.4 million for the period ended 2015-09-30.
4 Nov 2015quarterly activities report▼ Bad
SandRidge reported third-quarter 2015 production of 79.9 MBoepd, adjusted EBITDA of $118 million and an adjusted loss of $0.07 per share. It also announced a $190 million North Park Basin Niobrara acquisition and a ~$1.1 billion impairment.
28 Oct 2015agm notice● Neutral
SandRidge cancelled its November 6, 2015 special meeting, called to approve a reverse stock split to regain NYSE listing compliance. It said it would seek any needed approval at its 2016 annual meeting.
21 Oct 2015debt financing● Neutral
SandRidge issued an additional $78 million of its senior secured notes to an affiliate of EIG Global Energy Partners as partial consideration for acquiring Piñon Gathering Company, a midstream gathering system, from EIG.
19 Oct 2015material agreement● Neutral
SandRidge amended its credit facility to reaffirm its $500 million borrowing base through spring 2016 and gave itself more room to repurchase its own notes and monetize hedges.
16 Oct 2015securities registration● Neutral
SANDRIDGE ENERGY INC filed notice of an exempt private placement.
8 Oct 2015capital raising announcement● NeutralMajor
SandRidge agreed to buy back and retire $100 million of its senior notes for $30 million in cash, and to exchange $300 million of senior notes for $269.4 million of 2022 and $30.6 million of 2023 convertible notes. Converting these would add about 109.1 million shares. Closing was expected on or shortly after October 15, 2015. This continues the August 2015 swaps, further cutting debt while adding potential dilution.
6 Oct 2015agm notice● Neutral
SandRidge called a special stockholder meeting for November 6, 2015 to approve a reverse stock split at a ratio of 1-for-10 to 1-for-25, to regain NYSE's $1.00 minimum price compliance by January 25, 2016.
24 Sept 2015agm notice● Neutral
SANDRIDGE ENERGY INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
27 Aug 2015securities registration● Neutral
SANDRIDGE ENERGY INC filed notice of an exempt private placement.
19 Aug 2015capital raising announcement● NeutralMajor
SandRidge issued $158.4 million of new 8.125% convertible notes due 2022 and $116.6 million of new 7.5% convertible notes due 2023, swapped for $15.9 million of 2020 notes, $40.7 million of 2021 notes, $101.8 million of 2022 notes and $116.6 million of 2023 notes. If fully converted they would become about 100 million shares at an initial $2.75 per share. This continues the debt-for-equity swaps begun in May 2015 and creates potential future dilution. The company also agreed with its bank lenders to amend the credit agreement to allow up to $200 million of cash note purchases; the rest of that amendment was cut off in the text provided.
6 Aug 2015quarterly activities report▼ Bad
SandRidge reported second-quarter 2015 revenues of $229.6 million and a net loss of $1.59 billion, including a $1.49 billion impairment of oil and gas properties.
27 July 2015listing compliance notice▼ Bad
SandRidge fell out of NYSE compliance after its stock price sank below the $1.00 minimum average closing-price requirement, and said it was considering a reverse stock split to cure the deficiency.
24 June 2015substantial holder notice● Neutral
LEON G. COOPERMAN reported no remaining SANDRIDGE ENERGY INC shareholding in its periodic institutional filing.
15 June 2015substantial holder notice● Neutral
Mount Kellett Capital Management filed an amended Schedule 13D saying its funds held 25,224,807 SandRidge shares, or 4.9%. It ceased to be a more-than-5% holder on June 1, 2015, after SandRidge issued 28,031,875 shares in a notes exchange.
11 June 2015debt financing● NeutralMajor
SandRidge closed its $1.25 billion senior secured notes offering and simultaneously activated a new $500 million first-lien revolving credit facility, completing its refinancing.
9 June 2015agm notice● Neutral
SandRidge reported results of its June 4, 2015 annual meeting: three Class III directors were elected, PwC's appointment as auditor was ratified, and the executive pay advisory vote received 206.5 million votes for. Votes were also held on raising authorized shares to 1.8 billion and increasing the incentive plan.
2 June 2015material agreement● NeutralMajor
SandRidge priced an upsized $1.25 billion offering of 8.75% senior secured notes due 2020 to repay its revolving credit facility as oil prices weakened.
14 May 2015capital raising announcement● NeutralMajor
SandRidge agreed to swap $29 million of its 2021 notes and $21 million of its 2022 notes with one noteholder for new common shares: 16,046,666 shares plus 257,778 for accrued interest on the 2021 notes, and 11,620,000 shares plus 107,431 for accrued interest on the 2022 notes. Closing was expected May 19, 2015. This cuts $50 million of debt but adds roughly 28 million shares, diluting existing shareholders.
7 May 2015quarterly activities report▼ Bad
SandRidge's 10-Q for the quarter ended March 31, 2015 showed total revenues of $215.3 million and a net loss of $1,151.9 million, driven by a $1.08 billion impairment. Cash fell to $11.8 million.
6 May 2015quarterly activities report▼ Bad
SandRidge reported first-quarter 2015 results: production averaged 87.7 MBoepd, adjusted EBITDA was $182 million, and capex was $322 million. It took a non-cash impairment of about $1.1 billion on lower oil prices and was running 7 rigs versus 35 at the end of 2014.
