It's hard to borrow stock to short an IPO. It's not impossible but it's difficult. Also, the underwriters usually support the IPO for the first week of trading.
Bloomberg reported after the market closed that the Saudis have declared a truce on their oil war. Oil is going to go higher.
CNOC's bid was $1B more than XOM's but CNOC lost the bid for the Nigerian fields. Nigeria is one of the most corrupt countries on earth. XOM Is now officially under investigation in Nigeria. Read the Guardian article:
Bloomberg is reporting the Saudis have declared the oil war is over. Oil prices can now begin to normalize (go higher). The truce is great for CHK's share price.
Forget about SDT and look at some of the MLPs like TRGP which is yielding almost 9%.. I bought TRGP less than two months ago and since then its gone up 45%. Also, TRGP's 9% distribution is tax free until you sell your investment. Crude oil could go to $80 by the by the end of the year and TRGP could easily double by then. TRGP is current;y trading for $43.84 but before was as high as $150 before the energy selloff. The Sandridge story is very sloppy with a lot of overhang. SDT/SDR are both dead money so why not put your money to work into TGRP? The chart speaks for itself:
Most of the posts on YHOO about other stocks are pump n' dumps this one is NOT. TRGP is owned by Marathon Petroleum. It's a rock solid investment and the bottom line is TRGP is making me serious money. G/L to everyone!