NEW YORK (TheStreet) -- I was talking to Jim Cramer this morning about SandRidge (SD), a stock I think is under only temporary duress and is well-priced now to outperform in the coming months.

SandRidge was under the purview of CEO Tom Ward, who was recently forced out by the activist hedge fund TPG-Axon in a proxy fight. But this was an unusual fight for proxy options and not just shareholder votes.

While it was designed to work the same and allow TPG to install its own candidates to the SandRidge board, so far the current sitting board hasn't allow its new partners to take their new posts. It is perhaps a legal battle that is brewing, but along with Ward's angered selling of his own shares the price for SandRidge has slumped to around $5.

This, I believe, represents an opportunity -- a speculative one, to be sure -- but an opportunity.

I talk more about SandRidge with Jim in the video above.

At the time of publication the author had a position in SD.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Dan Dicker has been a floor trader at the New York Mercantile Exchange with more than 25 years of oil trading experience. He is a licensed commodities trade adviser.

Dan is currently President of MercBloc LLC, a wealth management firm and is the author of "Oil's Endless Bid," published in March of 2011 by John Wiley and Sons.

Dan Dicker has appeared as an energy analyst since 2002 with all the major financial news networks. He has lent his expertise in hundreds of live radio and television broadcasts on CNBC, Bloomberg US and UK and CNNfn.

Dan obtained a bachelor of arts degree from the State University of New York at Stony Brook in 1982.

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