How Are 2013 Changes Working Out for These 2 Oil Companies?
One early trend in 2013 was the increased pressure from activist investors in overthrowing CEO wildcatters in the oil and gas space. The most notable changing of the guard occurred at Chesapeake Energy , where CEO Aubrey McClendon stepped down in April. SandRidge Energy CEO Tom Ward soon followed his former business partner and stepped down after TPG-Axon waged a proxy battle against him.
With the dust settled, shareholders should feel encouraged by the changes the new regimes have enacted at both Chesapeake and SandRidge. Check out the following video to see where both these companies are headed in 2014.
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The article How Are 2013 Changes Working Out for These 2 Oil Companies? originally appeared on Fool.com.Joel South owns shares of SandRidge Energy. Taylor Muckerman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.