{
  "docId": "019dd923-622b-71dc-a6dc-5ae23aabda1f",
  "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",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 28,
  "pageCount": 32,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": "Uses a grid-based visual to represent acreage ownership changes over time.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "process_diagram",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6dc-5ae23aabda1f/28",
  "deckHref": "/decks/019dd923-622b-71dc-a6dc-5ae23aabda1f",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6dc-5ae23aabda1f.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dc-5ae23aabda1f#slide-28",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Two months later, on March 28, 2012, Stable Energy Resources assigned mineral rights to SandRidge in adjacent acreage",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-e6ee-7118-8709-1140db47e484",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.88,
        "x": 0.06,
        "y": 0.45
      },
      "kind": "diagram",
      "text": "Four-step grid visualization showing ownership changes from Jan 2012 to Today.",
      "attrs": null,
      "subkind": "timeline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c4081265-8e22-4b50-9b0b-80b0251a3179",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.8,
        "x": 0.09,
        "y": 0.15
      },
      "kind": "list",
      "text": "SEC disclosure: None\nWhat actually happened: (1) On Jan 3, 2012, Bent Tree acquired mineral rights... (2) Two months later, SD assigned rights... (3) Four weeks later, Bent Tree assigned to WCT... (4) WCT still retains.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cc421378-f82c-45cf-b41a-cd7809f5cbd6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.06,
        "y": 0.8
      },
      "kind": "source-note",
      "text": "1 Sherman County: 28-08S-37W",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a83bac48-28f3-4cf9-972d-d79e1f0591f4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.4,
        "x": 0.06,
        "y": 0.08
      },
      "kind": "title",
      "text": "Examples of adjacent acquisitions",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9ce96bca-b6c8-471d-99fd-1bf43c76cfde",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "f7c82b99-0240-4e17-bebb-718deb2f311b",
      "evidence": "The slide contrasts SEC disclosure (none) with 'what actually happened' to imply hidden transactions.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 32,
      "from": 10,
      "beatId": "6fea53f8-be5c-487f-9f3a-27f81eb3361c",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
      "beatSlug": "overcoming-monster-the-struggle",
      "evidence": "The presentation provides examples of flipping and adjacent acquisitions, detailing the struggle for transparency.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [
    {
      "to": 32,
      "from": 3,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "3ab06310-b4ca-4c6a-a124-3e7e38a6c5f0",
      "evidence": "The presentation implies that inaction could lead to continued insider benefit at the expense of shareholders.",
      "position": 1,
      "objective": "What are the consequences of not addressing SandRidge's opaque transactions?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}