Oklahoma Economy: SandRidge Vote is One to Watch
SandRidge shareholder vote could have broader implications for Oklahoma City
BY ADAM WILMOTH | Modified: February 9, 2013 at 1:36 am | Published: February 10, 2013
The ongoing SandRidge shareholder vote could have significant effects on both the energy company and Oklahoma City, according to local industry observers.
Tulsa money manager Jake Dollarhide said the effort is driven by out-of-state investors focused only on the stock price.
“These big industry players don’t care about any effect on Oklahoma City or Tulsa,” said Dollarhide, CEO of Tulsa-based Longbow Asset Management Co., which owns SandRidge Stock.
“They don’t care about contributions to the community or feeding the hungry here. This is all to help their returns. They want to maximize the value for their clients. They want to make sure they can feed their families and that they can worry about feeding the hungry and supporting the arts community in their towns.”