November 1, 2016 Comments (0) Current Investigations

SandRidge Energy, Inc. Bonds Investment Losses

(Last Updated On: December 1, 2016)

Have you suffered losses investing in SandRidge Energy, Inc. bonds at the recommendation of a financial advisor?  If so, the securities attorneys of The White Law Group may be able to help you recover those losses through a FINRA arbitration claim.

SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City, Oklahoma with its principal focus on exploration and production.  The company issued debt to raise capital for its ventures, such as SandRidge Energy Inc. 8000 7PAG4 Float Due 4/01/2014.

Many investment portfolios were over- concentrated in these debt securities, mistakenly underestimating the probability of bankruptcy and the magnitude of losses under a bankruptcy scenario.

On May 16th, SandRidge filed for Chapter 11 Bankruptcy Protection, the latest victim in the downturn of oil prices. SandRidge listed $7 billion in assets and $4 billion in debt on its Chapter 11 bankruptcy petition, filed in the U.S. Bankruptcy Court for the Southern District of Texas.
Despite their seniority to equity holders, all classes of SandRidge Energy note holders have suffered near total losses. The Senior Notes (unsecured) trade at roughly 5 to 6 cents on the dollar, according to a report in PIABA Bar Journal 2016.  At these prices, it is implied that note holders expect to recover virtually nothing through bankruptcy.

Specifically, The White Law Group is investigating the following SandRidge Energy Bonds:

SandRidge Energy Inc. 8000 7PAG4 Float Due 4/01/2014
SandRidge Energy Inc. 8000 7PAF6 8.625% Due 4/1/2015
SandRidge Energy Inc. 8000 7PAJ8 9.875% Due 5/15/2016
SandRidge Energy Inc. 8000 7PAL3 8.750% Due 1/15/2020
SandRidge Energy Inc.U79864AH4 8.750% Due 6/1/2020
SandRidge Energy Inc.80000 7PAN9 7.50% Due 3/15/2021
SandRidge Energy  Inc.80000 7PAQ2 8.125% Due 10/15/2022
SandRidge Energy Inc. 8000 7PAT6 7.50% Due 2/15/2023
For more information on The White Law Group’s investigation of SandRidge Energy, Inc. see, Investor Alert: SandRidge Energy, Inc. Files for Bankruptcy Protection.
Brokerage-firms and investment adviser are required to make investment recommendations that are suitable for their clients in light of their clients’ particular investment situation – net worth, investment objectives, income, and investment experience.  Brokerage firms or advisors who sell junk bonds to unsuitable investors or fail to adequately disclose the risks of the investments can be held accountable for losses suffered through a FINRA arbitration claim.

If you have concerns regarding your investment in Sandridge Energy, Inc. Float 4/1/2014 bonds and would like to speak with a securities attorney about your litigation options, please call The White Law Group at 888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

To learn more about The White Law Group visit www.whitesecuritieslaw.com.