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SandRidge Energy, Inc. Message Board

  • bnwild56 bnwild56 Aug 13, 2013 6:10 PM Flag

    Article after article and no boe/d numbers

    Guidance 30% yr over yr...GOM Flat or 28,000 boe/d
    If 30% of total we have current annual 33MMBOE and 2014 of 42 and 2015 of 55 million boe.
    or 91,000 boe/d,, 116,000 boe/d,,, 152,000 boe/d end 2015...capex run out or does it?

    or 30% yr over yr miss only...28k boe.d HOM flat.
    2013 16 mill /360 Days or "44k boe/d"
    2014 projected 130(increase)x 16 =20 mill annual /360 days or 55k boe/d
    2015 projected 130 x 20= 26 millboe annual /360 days or 72k boe/d

    So end of 2015 we have extimated 72,000 boe/d on Miss only......
    add 28k boe/d Gom we have 100,000 boe/d
    verus current estimate of 44 miss plus 28 gom....

    my guess with oil and gas prices maintaining SD will have over 1 billion in free cash flow end of 2015...and with the completion of trust drilling the cash flow will be even higher....

    They projecting over 740 mill free cash flow now. The diff between 100k boe/d and current 72k boe/d would be 28k boe.d more than now (2013) 28 is to 72 is about 38%

    So to the current estimated cash flow of 742 mill I can add 38%(742) or 281 mill
    thus SD will be throughing off 1 billion in cash and more since it will get more from the trust once trust drilling finished...... On my SD may have to use 400 mill of it's 700 plus million revolver for 2016 making capex 1.4 billion in 2016 as well.....all this without selling an asset...hmmm

    Why don't those seeking alpha writer's write this up to compare with?

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