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SandRidge Energy, Inc. Message Board

  • atpg_guru atpg_guru Jul 2, 2013 2:37 PM Flag

    Keep SHORTIN' SD --- we just hit $99.60 .... WOOHOO

    A fool and his money are soon parted !!!

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    • the CHOICE of which well to drill .... this is what will drive the returns. With 2 million acres in the Mississippi Play there are more potential wells than can be drilled. Debt is manageable and if they sell the GULF business and pay off the remaining debt, they have no debt. Alfaffa, Grant, Woods Counties in Oklahoma are GREAT plays & SD has penty of acreage in these areas. OK, so SD ends up selling some of its acreage position at less than its cost - who cares. Cash is cash. SD is currently selling for less than $5 a share and they finally have a good management team in place.

      LOTS OF SHORTS OUT THERE MAY BE BITING THE BULLET WHEN THEY REALIZE THE WAGON THEY WERE FOLLOWING IS ON A SERIOUS COLLISION COURSE.

      Sentiment: Strong Buy

    • how does this help sandridge in a material way? yes, we'll have some increase - but isn't most production already hedged for the year? and once egypt settles down, we're back to the same valuation.

      far better would be an increase in production with hitting huge wells and proving out the lime. otherwise, it's like having a certain body part in your hand, and no money in your pocket.

      • 2 Replies to medic_5678
      • That's what I say. Hedged to the wall on current production. A huge and huger hit to the bottom line

      • SD has zero chance of drilling a monster well in Oklahoma. The only thing that can save sd is a HUGE INCREASE in oil and ng prices. Do yourself a favor and read the reports instead of a stupid mb.

        Canaccord Genuity tells the truth about sd

        "Mississippian economic return
        meaningfully inferior to other major resource plays
        Based on actual capital spending/production performance, the
        capital intensity
        of the Mississippian play is comparable to the Bakken/Three Forks, though
        Mississippian production is ~35% oil while Bakken/
        Three Forks output is ~90%
        oil. Accordingly, while the Bakken/Three Forks generates a 10% unleveraged
        return at ~$100 NYMEX, the Mississippian play requires a ~$150 NYMEX oil
        price. Two main factors result in the Mississippian play’s lesser economic
        outcom
        e
        : (1
        ) a material
        ly lower oil composition and (2
        ) a more elongated
        production profile as wells commence at a materially lower average rate."

        Read the reports mullets.