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SandRidge Energy, Inc. Message Board

  • missionary168 missionary168 Apr 4, 2013 7:30 AM Flag

    Hedge funds & Mutual Funds keep buying SD common shares !!!

    I believe Mutual Funds keep buying SD common stock !!!

    Mount Kellett Capital Management, which has been one of the leading activists in the battle for control of SandRidge Energy (NYSE: SD), had bought 3 million shares of the stock and now owns over 25 million shares.(pps $5------$8/pps range to hold)

    The fund and its associates have reached an agreement with the company to either replace controversial CEO Tom Ward, or take majority control over the Board of Directors (and therefore exert more control over SandRidge). The oil and natural gas producer is expected to be unprofitable this year and next year, as aggressive expansion has been met with low natural prices.

    LogMeIn and Yelp don’t look like good values, with analyst expectations placing the stocks at very high valuations; investors should think twice before shorting, however, given the possibility of acquisitions.

    SandRidge and Walter are falling short in terms of being profitable, and with both businesses dependent on commodity prices, we would avoid them for now (in addition, we doubt that each is the best pick in its respective industry). Carter’s does look interesting, but other apparel companies seem like better prospects.

    Investors were startled after SandRidge plummeted when natural gas prices reached 10 year lows, but with the company halfway through its ambitious three year plan to profitability, the future looks bright. If you are unsure about the future of this emerging oil and gas junior, and are looking to find out more about its strengths and weaknesses, you should view this brand new premium report detailing SandRidge's game plan and what to expect from the company going forward. !!!

    Sentiment: Strong Buy

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