The SD trusts: SDT, SDR and PER have all the same production problems. The Mississippian formation production rate goes down more rapidly than anticipated. The initial production looks good and is what investors look at. Lately after all the drilling is completed, the production will not remain attractive. This means less distribution. These trusts are no longer my favorites. I am staying with WHZ and NTI. ALDW is a question mark; I bought some got bitten and sold. I may buy again, but I am suspicious.
Good comments, and I would like your thoughts on Whiting production this last Q.
I am trying to discern whether or not increased production for the parent company reflects increased production among the trusts.
I went back to check sandridge performance for the day following the declare. Pretty much along the lines of the afterhours trading the night before, about a 10:1 change in share price per the dividend change.
I agree. I was in PER but got out, at a loss I might add. Bought some SDR2 at 10.69 so I'm going to hang around and see what happens. Point blank...I don't trust the company, seems like everything they do has a negative twist.
congrats on having the balls to exit. Most people hang around trying to get what's owed them from an equity when they could rotate into something they could brag about.
I got into KEG many years ago and last winter got out at 16.9 with a four point loss, to invest in MTGE. Yeah
MTGE healed me and more. Five point in cap and 3.50 in divs.