Tom' been telling everyone TPG has and is going to make him the new CEO. The first thing he will do is keep the old BOD. All it took was some tickets to the basketball games in OK city.
Then he told his friends, Boy,Is this going to make all the bag holders happy. Seeing the stock going to new lows.
NO WAY! TW's "boardmember picking days" are over. The hedge fund dudes aren't going to just disappear into thin air. He can't "green mail" them, he doesn't have the cash. SD will be a much different company going forward. No more TW "the wildcatter", SD is going to be managed with spreadsheets now.
Tom's greedy decisions are in the past now that he's under a microscope.. It's all about how the get the most value from SD's assets and most of us longs here understand even the low end of these valuations which is now an obvious disconnect from the present market value. At the moment the market doesn't like any internal turmoil whether or not it's positive for the shareholders.. baring anything out of left field like unexpected "accounting irregularities" when the internal turmoil is well into the rear view mirror the PPS will find a favorable location the an historical chart... Good Luck Longs..