Securities Lawyers Blog
The investment attorneys with Gana Weinstein LLP are investigating and representing investors who were inappropriately recommended oil and gas and commodities related investments. Investors may have potential legal remedies due to unsuitable recommendations by their broker to invest in this speculative and volatile area. Several royalty trusts linked to SandRidge Energy have suffered substantial declines. SandRidge Permian Trust (Stock Symbol: PER) has lost 81% in value over the last two years, SandRidge Mississippian Trust I (NYSE: SDT) lost 68% over the last two years, and SandRidge Mississippian Trust II (NYSE: SDR) lost 81% over the last two years.
SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City, Oklahoma that focuses on exploration and production. SandRidge and its subsidiaries also own and operate gas gathering and processing facilities, saltwater disposal and electrical infrastructure facilities and conduct marketing operations.
Sandridge Energy (SDOC) fell to the bottom of Standard & Poor’s credit ladder with a D rating after deferring interest payments. Sandridge is unlikely to make good on its $22 million interest payment that was due and many believe that SandRidge’s $4 billion debt load is unsustainable in the face of a $681 million loss over the last four reported quarters.