There are over 9000 stocks to digest and they consistently bring up SandRidge and all its faults. I don't think this last one even considered how much revenue they will have from hedged oil. It seems someone may have an agenda IMO.
Interesting how they seem to still regard SD as a Natural Gas company - during a time when NG is at the year low and make no mention that SD is actually projecting to have 80% of revenue in 2011 from oil hedged $84-$87. If oil was down under $60 and no hedges, they would probably write that SD is an oil company.
As they say, the devil is in the details, or ones these writers and even posters here want to leave out for their agenda.
I see the negative articles and I take it all with a grain of salt. But important to note here is that out of 1013 Fool Caps members who follow SD, 979 are bullish, (as I am)and give SD 5 stars.
In defense of Tom, he did make a great call on Netflix several months back, before it doubled!
Motley just looks at the numbers that a computer spits out based on past numbers. It does not factor in Arena revenues, oil production guidance going forward. oil hedges or non-core asset sales, etc.. Everyone knows that SD's debt level is high and needs to be reduced, but bankruptcy is out of the question.