SandRidge Energy, Inc. (fka SDOCQ)

[~ Blue ~]

SD~Canadian billionaire Watsa holds 62.5 million shares

SandRidge's largest shareholder adds to stake in energy company


By Don Mecoy, Business Editor
February 18, 2015

The largest shareholder of SandRidge Energy has significantly boosted his firm's stake in the Okla homa City company in recent months, according to regulatory filings.

Canadian billionaire Prem Watsa is SandRidge Energy Inc.'s largest shareholder with more than 62.5 million shares, about 12.5 percent of SandRidge's outstanding shares, according to a filing this week with the U.S. Securities and Exchange Commission.

His Fairfax Financials grew its ownership by nearly 18 million shares in the fourth quarter, ending with more than 50 million shares at Dec. 31, according to an SEC filing.

The investment firm this week reported to the SEC that it had added more than 11 million additional shares.

SandRidge shares closed Tuesday at $2.35, up 26 cents or 12.4 percent.

Meanwhile, SandRidge on Tuesday appointed energy veteran Steve Turk as executive vice president and chief operating officer, effective March 2.

Turk has more than 30 years of experience in the industry, most recently serving as chief operating officer at HighMount Exploration & Production LLC.

“I am excited to be joining an organization that has such a determined focus on innovation and operational efficiency,” Turk said. “SandRidge has a strong asset base and is well-positioned for ongoing value creation. I look forward to working with the operations team and senior management as we continue to expand the company's leadership position in the Midcontinent.”

Previously in his career, Turk was vice president of operations, Southern Division, at Oklahoma City-based Chesapeake Energy.

http://www.oklahoman.com/article/5394362?access=06d56a2e91d808e3e4733bc5d85dafb9

plus another Billionaire investor Leon Cooperman owns 9% of SandRidge shares