Don't sell now. Cramer has a "analysis" on The Street that only reports the big percentage drops in EPs and share price. There's no mention that the drops were caused by the drilling of one fracking well to blow out - just one well. But it did cost 3.8 million, about average today for a fracking well. That cost has been absorbed in the last two quarters. So look for improvements in EPS over the rest of 2013, which should cause the share price to recover.
T. Boone is buddies with both Tom and Aubry, so he'll not bash either. He will just pump his "plan" as usual.
Check the "NEW COMPLETIONS 2/12/13..." on the SD message board. The new wells are posted in replies (Source is Tulsa World, I think.) Are these our promised development wells?
Thanks. I'll check them out, and compare VOC with MVO. I'm hoping that VOC's sp and dividends will recover this year.
As a trust there must be an oil company running things. A trust is only responsable for 80% of the operating costs. The founding oil company is calling the shots like sellecting the drilling company, or they may own the drilling rig. The profile only says the company is in Austin.
My "knowledge" comes from owning SPR, another trust run by SD. Anyone following SandRidge Energy will know that SD's management in in hot water, but they are still managing the trust well IMHO.
Jump in here "lisahuang54321" if you can help.
It's all in the spread, Baby.
"The Company's average net interest rate spread for the fourth quarter was 1.63%, an increase of 21 bps from the third quarter of 1.42%."
Earnings release is FEBRUARY 14th. Do you have insider info? Please share.
Read the last sentence.
"As a result of filing its definitive consent statement with the SEC, TPG-Axon's proxy solicitor, MacKenzie Partners, will soon mail consent solicitation materials to certain SandRidge stockholders of record as of Dec 13, 2012. TPG-Axon urges SandRidge stockholders to vote the GREEN Consent Card in favor of its proposals and to refrain from returning the white consent card to be issued by SandRidge. Any consents not delivered will count as votes against TPG-Axon's proposals, per SandRidge's bylaws, as amended on November 19, 2012. "
The financial TV news is saying the big brokerage houses had record earnings last year and are bragging about their bonuses. Can BGC be losing money in this recovering economy? Why arn't we in the green in sync with them?
A genuine cry from a real long. I share your pain, but don't know what to do either. Sell or hold? Our real problem: we read #$%$ messages from gorge_oyola and other slammers who don't even have their money in this comapny.
I'm starting a new topic: #$%$"
Trust #2 is in the same oil field with much the same terms, etc. I bought both VOC and SDR last July, and have been hit hard. All three SD trusts are down in sinc with the problems Tom Ward is having with shareholders, although they should not be IMHO. The only other reason is concern over future oil and NG prices. Now that the so-called Cliff is just a slippery slope, we should see a recovery in the SD trusts.
VOC's problems are deeper with the messed-up well, but that expense will be absorbed, hopefully.
I used to give advise in my job as HR Director - it was "always diversify your retirement funds."
Then I retired and started playing the market with my IRA. My latest dumb move was to go all in with VOC in July. I did get one dividend of 12% (divided by 4) then the bomb dropped just before the next dividend. Their forcast made the sp fall even worse than the dividend called for, as we all know.
So, will their dividends always be this bad? I doubt it. Surely when the costs of the one bad well are absorbed, things will get better. Nothing looks good now because of the "fiscal cliff".
IT COULD BE WORSE. Go to the SandRidge Energy (SD) board and news for a laugh. Their CEO has sucked out 150 million in the last five years - and that's just in compensation. I read on the internet (so it must be true) that many of the leases the company bought in Okla and Kansas were first owned by this same CEO, Tom Ward.
I'm happy with WR, but then I'm just a D.R.I.P.
Div is right. The only way to watch TV is with a DVRecorder. But my wife will sit through a one hour reality show (think 35min) while flipping through a mail order cataloge. There is no hope for this country.