sc13g

Cusip No. 80007P307

Page 4 of 20 Pages

0000950123-09-074254.txt : 20091230 0000950123-09-074254.hdr.sgml : 20091230 20091230145454 ACCESSION NUMBER: 0000950123-09-074254 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20091230 DATE AS OF CHANGE: 20091230 GROUP MEMBERS: 1109519 ONTARIO LTD GROUP MEMBERS: 810679 ONTARIO LTD GROUP MEMBERS: FAIRFAX FINANCIAL HOLDINGS LTD GROUP MEMBERS: FAIRFAX INC GROUP MEMBERS: ODYSSEY AMERICA REINSURANCE CORP GROUP MEMBERS: THE SIXTY TWO INVESTMENT CO LTD GROUP MEMBERS: V PREM WATSA SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SANDRIDGE ENERGY INC CENTRAL INDEX KEY: 0001349436 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 208084793 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-83370 FILM NUMBER: 091266233 BUSINESS ADDRESS: STREET 1: 123 ROBERT S. KERR AVENUE CITY: OKLAHOMA CITY STATE: OK ZIP: 73102-6406 BUSINESS PHONE: 405-429-5500 MAIL ADDRESS: STREET 1: 123 ROBERT S. KERR AVENUE CITY: OKLAHOMA CITY STATE: OK ZIP: 73102-6406 FORMER COMPANY: FORMER CONFORMED NAME: RIATA ENERGY INC DATE OF NAME CHANGE: 20060111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN CENTRAL INDEX KEY: 0000915191 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 95 WELLINGTON ST WEST STREET 2: STE 800 CITY: TORONTO ONTARIO CANA STATE: A6 BUSINESS PHONE: 4163674941 MAIL ADDRESS: STREET 1: FAIRFAX FINANCIAL HOLDINGS LTD STREET 2: 95 WELLINGTON ST WEST STE 800 CITY: TORONTO ONTARIO CANA STATE: A6 FORMER COMPANY: FORMER CONFORMED NAME: FAIRFAX FINANCIAL HOLDINGS LTD DATE OF NAME CHANGE: 19931122 SC 13G 1 o58432sc13g.htm SC 13G sc13g

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant to § 240.13d-1(b), (c)
and (d) and Amendments Thereto Filed Pursuant to § 240.13d-2.

Under the Securities Exchange Act of 1934

SandRidge Energy, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

80007P307

(CUSIP Number)

December 21, 2009

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:


				Rule 13d-1(b)
		þ		Rule 13d-1(c)
				Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



Cusip No. 80007P307	13G	Page 2 of 20 Pages



1	Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

	V. PREM WATSA

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

		(a) o
		(b) þ


3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	CANADIAN



	5	SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY		147,000

OWNED BY EACH	6	SHARED VOTING POWER
REPORTING
		24,949,592

PERSON WITH	7	SOLE DISPOSITIVE POWER

		147,000

	8	SHARED DISPOSITIVE POWER

		24,949,592



9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

		25,096,592

10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o



11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

		11.2%


12		TYPE OF REPORTING PERSON

		IN



Cusip No. 80007P307	13G	Page 3 of 20 Pages


1	Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

	1109519 ONTARIO LIMITED

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
		(a) o
		(b) þ


3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	ONTARIO, CANADA


	5	SOLE VOTING POWER
NUMBER OF SHARES BENEFICIALLY

OWNED BY EACH	6	SHARED VOTING POWER
REPORTING
		24,949,592

PERSON WITH	7	SOLE DISPOSITIVE POWER



	8	SHARED DISPOSITIVE POWER

		24,949,592


9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

		24,949,592

10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o



11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

		11.1%


12		TYPE OF REPORTING PERSON

		CO


1		Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

		THE SIXTY TWO INVESTMENT COMPANY LIMITED


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
		(a) o
		(b) þ


3		SEC USE ONLY



4		CITIZENSHIP OR PLACE OF ORGANIZATION

		BRITISH COLUMBIA, CANADA



NUMBER OF SHARES	5	SOLE VOTING POWER
BENEFICIALLY

OWNED BY EACH	6	SHARED VOTING POWER
REPORTING
		24,949,592

PERSON WITH	7	SOLE DISPOSITIVE POWER



	8	SHARED DISPOSITIVE POWER

		24,949,592


9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

		24,949,592

10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o



11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

		11.1%


12		TYPE OF REPORTING PERSON

		CO



Cusip No. 80007P307	13G	Page 5 of 20 Pages



1		Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

		810679 ONTARIO LIMITED



2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
		(a) o
		(b) þ



3		SEC USE ONLY



4		CITIZENSHIP OR PLACE OF ORGANIZATION

		ONTARIO, CANADA


	5	SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY

OWNED BY EACH	6	SHARED VOTING POWER
REPORTING
		24,949,592

PERSON WITH	7	SOLE DISPOSITIVE POWER



	8	SHARED DISPOSITIVE POWER

		24,949,592



9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

		24,949,592

10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o



11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

		11.1%


12		TYPE OF REPORTING PERSON

		CO



Cusip No. 80007P307	13G	Page 6 of 20 Pages


1	Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

	FAIRFAX FINANCIAL HOLDINGS LIMITED

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
		(a) o
		(b) þ


3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	CANADA


	5	SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH	6	SHARED VOTING POWER
REPORTING
		24,949,592
PERSON WITH	7	SOLE DISPOSITIVE POWER


	8	SHARED DISPOSITIVE POWER

		24,949,592


9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

		24,949,592

10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o



11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

		11.1%


12		TYPE OF REPORTING PERSON

		CO



Cusip No. 80007P307	13G	Page 7 of 20 Pages


1	Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

	FAIRFAX INC.

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a) o (b) þ


3	SEC USE ONLY


4	CITIZENSHIP OR PLACE OF ORGANIZATION

	WYOMING


	5	SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY

OWNED BY EACH	6	SHARED VOTING POWER
REPORTING
		24,949,592

PERSON WITH	7	SOLE DISPOSITIVE POWER


	8	SHARED DISPOSITIVE POWER

		24,949,592


9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

		24,949,592

10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o


11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

		11.1%


12		TYPE OF REPORTING PERSON

		CO



Cusip No. 80007P307	13G	Page 8 of 20 Pages


1	Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

	ODYSSEY AMERICA REINSURANCE CORPORATION

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
		(a) o
		(b) þ


3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	CONNECTICUT


	5	SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY

OWNED BY EACH	6	SHARED VOTING POWER
REPORTING
		11,078,222

PERSON WITH	7	SOLE DISPOSITIVE POWER



	8	SHARED DISPOSITIVE POWER

		11,078,222



9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

		11,078,222

10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o



11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

		5.2%


12		TYPE OF REPORTING PERSON

		CO

Item 1. (a) Name of Issuer:

SandRidge Energy, Inc.

Item 1(b) Address of Issuer’s Principal Executive Offices:

123 Robert S. Kerr Avenue, Oklahoma City, Oklahoma, 73102

Item 2. (a) Name of Person Filing:

This statement is being jointly filed by the following persons (collectively, the “Reporting Persons”):

	1.		V. Prem Watsa, an individual;

	2.		1109519 Ontario Limited (“1109519”), a corporation incorporated under the laws of Ontario;

	3.		The Sixty Two Investment Company Limited (“Sixty Two”), a corporation incorporated under the laws of British Columbia;

	4.		810679 Ontario Limited (“810679”), a corporation incorporated under the laws of Ontario;

	5.		Fairfax Financial Holdings Limited (“Fairfax”), a corporation incorporated under the laws of Canada;

	6.		Fairfax Inc., a corporation incorporated under the laws of Wyoming; and

	7.		Odyssey America Reinsurance Corporation (“Odyssey America”), a corporation incorporated under the laws of Connecticut.

Item 2(b) Address of Principal Business Office:

The addresses of the Reporting Persons are as follows:

	1.		Mr. Watsa’s business address is 95 Wellington Street West, Suite 800, Toronto, Ontario M5J 2N7;

	2.		The principal business address and principal office address of 1109519 is 95 Wellington Street West, Suite 800, Toronto, Ontario M5J 2N7;

	3.		The principal business address and principal office address of Sixty Two is 1600 Cathedral Place, 925 West Georgia St., Vancouver, British Columbia V6C 3L3;

	4.		The principal business address and principal office address of 810679 is 95 Wellington Street West, Suite 800, Toronto, Ontario M5J 2N7;

	5.		The principal business address and principal office address of Fairfax is 95 Wellington Street West, Suite 800, Toronto, Ontario M5J 2N7;

	6.		The principal business address and principal office address of Fairfax Inc. is 300 First Stamford Place, Stamford, Connecticut 06902; and

	7.		The principal business address and principal office address of Odyssey America is 300 First Stamford Place, Stamford, Connecticut 06902.

Item 2(c) Citizenship:

V. Prem Watsa is a citizen of Canada.

Item 2(d) Title of Class of Securities:

Common Stock

Item 2(e) CUSIP Number:

80007P307

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

	(a)		□ Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o);

	(b)		□ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

	(c)		□ Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

	(d)		□ An Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

	(e)		□ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

	(f)		□ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

	(g)		□ A parent holding company or control person, in accordance with §240.13d-1(b)(1)(ii)(G);

	(h)		□ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

	(i)		□ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

	(j)		□ A non-US institution in accordance with §240.13d-1(b)(1)(ii)(J);

	(k)		□ Group, in accordance with §240.13d-1(b)(1)(ii)(K).

Item 4. Ownership.

Based on the most recent information available, the aggregate number and percentage of the shares of common stock (the “Shares”) of SandRidge Energy, Inc. that are beneficially owned by each of the Reporting Persons is set forth in boxes 9 and 11 of the second part of the cover page to this Schedule 13G, and such information is incorporated herein by reference.

The number of Shares as to which each of the Reporting Persons has sole voting power, shared voting power, sole dispositive power and shared dispositive power is set forth in boxes 5, 6, 7 and 8, respectively, on the second part of the cover page to this Schedule 13G, and such information is incorporated herein by reference.

Shares reported as beneficially owned include Shares issuable upon conversion of certain convertible securities of SandRidge Energy, Inc.

Neither the filing of this Schedule 13G nor the information contained herein shall be deemed to constitute an affirmation by V. Prem Watsa, 1109519, Sixty Two, 810679, Fairfax, Fairfax Inc. or Odyssey America Reinsurance Corporation. that such person is the beneficial owner of the Shares referred to herein for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is expressly disclaimed.

Item 5. Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Certain of the Shares beneficially owned by the Reporting Persons are held by subsidiaries and pension plans of Fairfax, which subsidiaries and pension plans have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities. No such interest of a subsidiary or pension plan relates to more than 5% of the class of Shares.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

Item 8. Identification and Classification of Members of the Group.

See attached Exhibit No. 1.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE