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SandRidge Energy, Inc. Message Board

  • daninfw04 daninfw04 Jun 29, 2013 9:12 AM Flag

    Next Week

    For those that think TPG will have a press release next week..........perhaps but I wouldn't count on it. Why put out a press release that would drive up the stock price when they want to load up at these prices? They have a perfect storm to accumulate as confirmed by Barron's and MarketEdge. NG prices are drifting down short term and I'm pretty sure that TW is dumping at these prices to raise money for his next venture. They know they won't see these prices again......and neither will you. They are patient which is why they aren't in a hurry. They want to cut expenses, raise production, raise reserves, raise liquids production, sell select assets to pay down debt.......and then they will sell the company in probably 12-18 months. As the next few quarterly reports come out and confirm what I said above you will see stock price drift back to $7-8 range and perhaps $8-9 right before a sale is announced in $11-12 range. This stock is an easy double in next 12 months. In the mean time it will be a great trading stock. Someone is dumping big time 100,000+ large blocks and perhaps is TW but they are also being gobbled up and put away. When selling pressure subsides we could easily see a pop to $5.50+ area I suspect by mid July. JMVHO. DaninFW

    Sentiment: Strong Buy

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