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Sandridge Mississippian Trust II Message Board

  • skeeterbrooke skeeterbrooke Jun 11, 2014 10:33 AM Flag

    Thoughts about a secondary.

    I wonder if SD has the same thoughts I do about a secondary from them selling remaining subordinate shares ? It seems that fully diluted, by the time all the wells are drilled, distribution will be between 15 and 20 cents per quarter or 80 cents per annum. At that rate it will take over 9 years for SD to get the cash it would get for a secondary at.7.20 a share. If they haven't done this yet, why not ? Do they think production will increase instead of decrease farther down the line ? Anyone else been thinking about this ??

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