This was previously disclosed on 12/18/13 when SD received a subpoena duces tecum from the U.S. Department of Justice in connection with an ongoing investigation of possible violations of antitrust laws in connection with the purchase or lease of land, oil or natural gas rights. These transactions that have been the subject of the inquiry date from 2012 and prior years have been found with no improprieties and all transactions fully signed off with local and national approval. SD has cooperated fully, yet “The War on US Energy Sector” still continues, must be priming time for the next elections.
I’ve been in and out of SD several times and seen this story line before coming from political rhetoric.
For me I see this as another excellent entry point, started to buying again on the opening.
Long and Strong.
Buy low sell high is the motto here with a negative sentiment in this sector and a turn in the midst could see a nice 30% to 60% increase before May’s earnings release. Things are never as gloom and doom as some want you to believe.
Do a little research of your own and see why I just went overweight in SD.
Good Luck, and Happy Investing!
See a great potential with SD, many expecting dismal earnings in May, I think otherwise. Could see a nice uptick soon in the $2 to $4 price range early April as demand catches up with supply and people hit the road again.