I believe that SD is for sale for the right price. Of course this isn't being made public, but for the right price SD is indeed for sale. We have leadership changes, not performing up to par, etc... Look for SD to be bought out. SD has properties in the GOM, on land, oil and NG. Look for a strong competitor in the GOM to buy them, not necessarily for the land plays, but the GOM plays. A strong buy up to 5.80.
It is too early for a sale. It's like a broken down house that needs fix ups before sale in order to get a decent price. The earliest I see a sale is 4 - 8 months but probably 12 to 18 months is more likely (IMHO).
hell, anything is for sale for the right price. client9 will lay on his/her it's stomach and spread his/her/its legs for a quarter. she#$%$ will think about it for 24 cents, but he#$%$ drives a hard bargain.
I love rumors, but can we rumor the price up to $8; and what's the timeframe?
But seriously, I can see with the change in management, the strategic direction maybe to sell the company at some level above where TPG bought their shares. Also, you don't have the founder of the company from wanting to keep this as his personal hobby farm and ATM.
Lastly, when I see the stock price actually move up is when I believe there are real rumors. Until then its a nice thought to hold on to.