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  "docSlug": "0de5d4c67f19",
  "documentTitle": "SandRidge Energy (SD)",
  "authorId": "16_TPG-Axon",
  "authorName": "Dinakar Singh",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-01-18 00:00:00",
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  "pageNumber": 11,
  "pageCount": 32,
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  "density": "dense",
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  "notes": "Uses a timeline diagram to visualize the 'flipping' of assets between WCT Resources and SandRidge.",
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      "kind": "callout",
      "text": "Two months later, on January 20, 2011, WCT Resources flipped those specific leases to SandRidge",
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      "kind": "diagram",
      "text": "Timeline showing WCT acquisition in Nov 2010, SandRidge acquisition in Jan 2011, and disclosure in Apr 2012",
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      "kind": "list",
      "text": "What actually happened: On November 30, 2010, WCT Resources leased mineral rights from the Berry family in Pawnee County, Oklahoma. Two months later, on January 20, 2011, WCT Resources flipped those specific leases to SandRidge",
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      "text": "SEC disclosure: From the 2012 proxy: \"In January 2011, we purchased a portion of the working interest in leases covering acreage in northeast Oklahoma from WCT Resources\"",
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      "text": "In January 2011, we purchased a portion of the working interest in leases covering acreage in northeast Oklahoma from WCT Resources — 2012 proxy",
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      "text": "1 Pawnee County: 19-21N-04E",
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      "kind": "title",
      "text": "Examples of flipping",
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  "loops": [
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      "name": "Cost Of Inaction",
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      "evidence": "The presentation implies that inaction could lead to continued insider benefit at the expense of shareholders.",
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      "objective": "What are the consequences of not addressing SandRidge's opaque transactions?",
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