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SandRidge Energy, Inc. Message Board

  • ronbiker1 ronbiker1 Apr 28, 2013 5:16 AM Flag

    I truly think

    The best we can hope for is a buyout from another E&P. Tom has destroyed a lot of value that had been built up over the years. One of the things we have going for us now is the price of NG.

    Sentiment: Hold

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    • Some assets sales are imminent, but SD does not have to find a 'white knight'. Why buyout SD if you can stand on the sidelines and buy Miss assets as they are offered?

    • SD holds millions of acres in Miss. and there is a good possibility that the play will be one of the most profitable in the U.S. Remember its not just how much a well produces....its also about how much it costs to drill and capture it. SD is a low cost producer in the Miss. and now that new management is in control costs will significantly be reduced. So, I don't think the value in SD has been destroyed...its just waiting for good management to make the correct decisions to realize its potential. imno

 
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