Blue Star Energy, a Kansas-based entity created solely for the purpose of acquisitions, is pursuing multiple investment options for SandRidge, and discussing said options with A.V. Jones, co-founder and senior adviser to Houston-based Quantum Energy Partners.
6 replies (most recent on top)
I don't know about Blue Star, but Blue Horseshoe LOVES Annicott Steel!
GroundHogDay-2016. That is the day of reckoning. Thin-out, top down. Maybe even Groobert and couple other half-mill-dollar salary folks.
Is this a good thing or a bad thing for the remaining SD employees?
http://m.bizjournals.com/houston/news/2016/01/27/exclusive-houston-energy-private-equity-firm-eyes.html
This is real. Here's the article.
It is much more likely that if someone wanted sandridge they would buy up the bond debt that's trading around 10 cents on the dollar. Then taking over on the equity side is easy when our market cap is 15 mil.
They will first let SD layoff next week, restructure more debt and then will take over.