|Bid||0.0000 x 1000|
|Ask||0.0000 x 4000|
|Day's Range||0.2200 - 0.2525|
|52 Week Range||0.1400 - 1.1100|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||1.46|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.00|
SANDRIDGE MISSISSIPPIAN TRUST II (SDR) today announced that it has received notification from the New York Stock Exchange (“NYSE”) of its determination to suspend trading of the Trust’s units of beneficial interest (the “Trust units”), effective as of the close of trading on November 11, 2019, and to initiate proceedings to delist the Trust units. As a result of the suspension, the Trust expects that the Trust units will begin trading on November 12, 2019 under the symbol “SDRMU” on the OTC Pink Market, which is operated by OTC Markets Group Inc. (“OTC Pink”).
SANDRIDGE MISSISSIPPIAN TRUST II (SDR) today announced a quarterly distribution for the three-month period ended September 30, 2019 (which primarily relates to production attributable to the Trust’s interests from June 1, 2019 to August 31, 2019) of approximately $0.6 million, or $0.013 per unit. The Trust makes distributions on a quarterly basis on or about the 60th day following the completion of each quarter. During the three-month production period ended August 31, 2019, average oil, natural gas and natural gas liquids (“NGL”) prices decreased significantly compared to the three-month period ended May 31, 2019.
SANDRIDGE MISSISSIPPIAN TRUST II today announced that its Annual Report on Form 10-K for the year ended December 31, 2018 has been filed with the SEC. The Annual Report on Form 10-K is available in the “SEC Filings” section of the Trust’s website at http://sandridgesdr.investorhq.businesswire.com/, as well as on the SEC’s website at www.sec.gov.
SANDRIDGE MISSISSIPPIAN TRUST II (SDR) (the “Trust”) announced today that it has received a notice from the New York Stock Exchange (“NYSE”) that the Trust has fallen below the NYSE continued listing requirement that the average closing price of the Trust’s units of beneficial interest be at least $1.00 per share, calculated over a period of 30 consecutive trading days. The Trust received the deficiency notice from the NYSE on December 31, 2018, and on January 4, 2019, the Trust acknowledged receipt of the notice.
Stroud Resources Ltd. (SDR:TSX-V) (the “Company” or “Stroud”) reports that the nominees listed in the management information circular for the 2018 Annual General and Special Meeting of shareholders were elected as directors of Stroud. Shareholders at the Annual General and Special Meeting also approved the appointment of Stroud’s auditors, and the Special Resolution to consolidate the outstanding common shares of the Corporation on a ratio of one post-consolidation common share for up to ten pre-consolidation common shares, the ratio to be determined by the Board of Directors. The Company is not proceeding with the Shares for Debt Transaction previously announced on December 1, 2017.