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  1. #526

    Default Re: SandRidge Energy News

    Quote Originally Posted by bchris02 View Post
    I'm surprised Sandridge didn't consolidate into the Parkside building and sell off their main tower. Surely they don't need all of the space they currently have.
    They could still relocate to the Parkside building as a tenant.

  2. #527

    Default Re: SandRidge Energy News

    Quote Originally Posted by sooner88 View Post
    They could still relocate to the Parkside building as a tenant.
    Shhhhhh

  3. #528

    Default Re: SandRidge Energy News

    Icahn takes control of Sandridge board:

    https://www.reuters.com/article/us-s...-idUSKBN1JF229

  4. #529

    Default Re: SandRidge Energy News

    Interesting to see what will happen with Sandridge

  5. #530

    Default Re: SandRidge Energy News

    Sandridge really has very little remaining impact on the OKC economy.

    The last time they did layoffs they were down to 189 employees and I bet that number is even smaller now.


    Whatever happens, almost certainly their tower and garage will go on the market, and that's a good thing as both are sitting pretty much empty in the heart of downtown as the Parkside Building has done for years. At least with the latter we have a new buyer who will bring more workers downtown.

    Change is usually good... Prolonged uncertainty is almost always bad.

  6. #531

    Default Re: SandRidge Energy News

    Quote Originally Posted by Pete View Post
    Sandridge really has very little remaining impact on the OKC economy.

    The last time they did layoffs they were down to 189 employees and I bet that number is even smaller now.


    Whatever happens, almost certainly their tower and garage will go on the market, and that's a good thing as both are sitting pretty much empty in the heart of downtown as the Parkside Building has done for years. At least with the latter we have a new buyer who will bring more workers downtown.

    Change is usually good... Prolonged uncertainty is almost always bad.
    I've heard two schools of thought.
    1st. Ichan buys them take them private and slowly sells off all the assets to various companies.
    2nd. Ichan buys SD takes it private. Then starts buying up other post bankrupt energy companies, merging them into Sandridge, and IPO as a new entity. Sandridge would be well positioned for this because they have the facility already in place to support a larger company. His next target is likely Midstates.

  7. #532

    Default Re: SandRidge Energy News

    Hope it's the latter!

  8. #533
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    Default Re: SandRidge Energy News

    I heard they were only taking up a few floors now in their building

  9. #534

    Default Re: SandRidge Energy News

    Bye, bye Sandridge. Icahn will do only what serves Icahn which will be to do what he can to improve it's sales value and sell it off.

  10. Default Re: SandRidge Energy News

    Is Icahn a modern day 'Edward Lewis'?
    Oklahoma City, the RENAISSANCE CITY!

  11. #536

    Default Re: SandRidge Energy News

    wouldn't that put him on the #metoo list?

    Icahn is about the last of the true corporate raiders. These are ultra-wealthies who would buy a large quantity of a company's stock so they could force their way onto the company board of directors, place a loyal CEO and often sell the company either in pieces or as a whole to another company. Sometimes, they have worked out the company, improved it's financials and eventually sold their stock at a good profit so they don't always kill the company. He has been involved in CHK recently but I'm not sure he still is or not. Many people don't remember T Boone Pickins was one back in the 70s and 80s. Icahn is acting right out of his playbook with SD.

  12. #537

    Default Re: SandRidge Energy News

    This game of shifting deck chairs among OKC O&G companies is discouraging. Empty or near empty buildings, layoffs, takeovers all indicate instability and does not make me confident OKC should or will remain a significant employer. Companies moving from one building to another represents neutral absorbson. Call me a pessimist but these events do not reflect vibrancy. Add the GE Baker Hughes news

  13. Default Re: SandRidge Energy News

    Quote Originally Posted by dcsooner View Post
    This game of shifting deck chairs among OKC O&G companies is discouraging. Empty or near empty buildings, layoffs, takeovers all indicate instability and does not make me confident OKC should or will remain a significant employer. Companies moving from one building to another represents neutral absorbson. Call me a pessimist but these events do not reflect vibrancy. Add the GE Baker Hughes news
    No offense, but I don’t think you’re connected enough with the oil and gas industry here or up to date enough with employment in OKC to accurately make that assessment.

  14. #539

    Default Re: SandRidge Energy News

    Quote Originally Posted by PhiAlpha View Post
    No offense, but I don’t think you’re connected enough with the oil and gas industry here or up to date enough with employment in OKC to accurately make that assessment.
    No offense taken, BUT, can you offer offsetting facts that counter my observatsions from afar of instability in Oil and Gas?

  15. #540

    Default Re: SandRidge Energy News

    Quote Originally Posted by dcsooner View Post
    No offense taken, BUT, can you offer offsetting facts that counter my observatsions from afar of instability in Oil and Gas?
    PhiAlpha knows, as do others in the industry, that more O&G companies will soon be moving downtown. There should be some hard news on that soon.

    Also, remember that Enable Midstream is moving to BOK Park Plaza which will help accomodate their growing workforce.

  16. #541

    Default Re: SandRidge Energy News

    Lol.

  17. #542

    Default Re: SandRidge Energy News

    https://newsok.com/article/5607812/s...uy-the-company

    SD rejects all offers, looks to buy assets. Midstates, bonanza creek, and Chaparral will all likely be on that list.

  18. #543

    Default Re: SandRidge Energy News

    I'm assuming that's a good thing, right?

  19. #544

    Default Re: SandRidge Energy News

    Quote Originally Posted by kevin lee View Post
    I'm assuming that's a good thing, right?
    Good thing for OKC especially since they'll start growing again, the stock is off 12% because SD basically said our shares are only worth $12-13.

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