4 Energy Stock Stories to Provoke Chatter
SandRidge Energy (NYSE:SD): Closing price $6.15
A review of employment contracts and recent transactions imply that the firm is allowing Chief Executive Tom Ward a wide latitude from which to profit from personal oil-and-gas deals in ways that could introduce potential conflicts of interest with the company. SandRidge has relaxed or lifted the majority restrictions on Ward’s prerogative’s to divest mineral rights or drill wells, through fine print modifications to his employment agreement in 2011. Prior to that change he was allowed to receive royalties from the firm, or jointly own wells with it, on land he had owned before joining SandRidge in 2006.
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