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  "docSlug": "0de5d4c67f19",
  "documentTitle": "SandRidge Energy (SD)",
  "authorId": "16_TPG-Axon",
  "authorName": "Dinakar Singh",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-01-18 00:00:00",
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  "notes": "Uses a timeline diagram to visualize the discrepancy between the acquisition dates and the subsequent sale/disclosure.",
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      "text": "Three weeks later, on October 15, 2010, WCT Resources flipped certain of those specific leases to SandRidge",
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      "kind": "diagram",
      "text": "Timeline showing WCT Resources acquisitions in April, June, and September 2010, followed by a flip to SandRidge in October 2010 and disclosure in April 2011.",
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      "text": "SEC disclosure: From the 2011 proxy: \"In September 2010, we purchased a portion of the working interest in leases covering acreage in northeast Oklahoma from WCT Resources\"",
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      "text": "What actually happened: On April 6, 2010, WCT Resources leased mineral rights... Then, on June 15, 2010 and September 28, 2010, WCT Resources was assigned additional mineral rights... Three weeks later, on October 15, 2010, WCT Resources flipped certain of those specific leases to SandRidge",
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      "text": "In September 2010, we purchased a portion of the working interest in leases covering acreage in northeast Oklahoma from WCT Resources — 2011 proxy",
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      "kind": "source-note",
      "text": "1 Pawnee County: 19-23N-04E; 30-23N-04E; 29-22N-04E; 20-22N-04E; 07-22N-04E; 07-22N-04E; 07-22N-04E 2 Pawnee County: 03-21N-04E; 13-22N-03E; 03-22N-04E; 04-22N-04E; 05-22N-04E; 07-22N-04E; 08-22N-04E; 17-22N-04E; 18-22N-04E; 20-22N-04E; 21-22N-04E; 22-22N-04E; 31-23N-04E; 24-23N-03E; 25-23N-03E; 19-23N-04E; 30-23N-04E; 31-23N-04E 3 Pawnee County: 03-21N-04E; 7-21N-04E; 8-22N-04E; 31-23N-04E",
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      "kind": "title",
      "text": "Examples of flipping",
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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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