Tue, Sep 23, 2014, 10:51 AM EDT - U.S. Markets close in 5 hrs 9 mins

Recent

% | $
Quotes you view appear here for quick access.

SandRidge Energy, Inc. Message Board

  • bogwa1406 bogwa1406 Apr 29, 2013 8:44 AM Flag

    Looks like CHK is still selling on the cheap, SWN pays $93 million for 162K acres in Marcellus

    My calculator says that = $574 an acre. I think everyone put way too much emphasis on what CHK sold it's Miss Lime acreage for. Miss wasn't even a pure sale....it's a 50% JV and CHK was in a serious bind. SD unlike CHK has Cap-ex...= drilling capacity. CHK is in a shortfall and has to dump assets. The CHK pricing of Miss Lime adversely discounted SD and I think that will prove to be a hole card for longs. Sometimes bad news ...can end up playing to your advantage, JMHO

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Read the posts on the CHK board. These leases were expiring and would have required a large nut to renew. CHK received $93 million for leases that the acquirer is going to have to pay a bunch to renew. So basically they received $93 million for first right of renewal. Not sure what they paid for these leases but for a cash starved company renewing them was questionable.

 
SD
4.6378+0.0978(+2.15%)10:50 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.