|Bid||0.4748 x 800|
|Ask||0.5740 x 900|
|Day's Range||0.5355 - 0.5900|
|52 Week Range||0.4200 - 1.6400|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||2.99|
|Earnings Date||Nov 11, 2019 - Nov 14, 2019|
|Forward Dividend & Yield||0.15 (25.61%)|
|1y Target Est||3.00|
SANDRIDGE MISSISSIPPIAN TRUST II (SDR) today announced a quarterly distribution for the three-month period ended June 30, 2019 (which primarily relates to production attributable to the Trust’s interests from March 1, 2019 to May 31, 2019) of approximately $1.4 million, or $0.028 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 May 31, 2019, combined sales volumes were slightly higher compared to the three-month period ended February 28, 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.
SANDRIDGE MISSISSIPPIAN TRUST II (SDR) (the “Trust”) today announced that its trustee, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), has determined to gradually increase the Trustee’s existing cash reserve for the payment of future expenses and liabilities of the Trust, as permitted by the trust agreement. Commencing with the distribution to unitholders payable in the first quarter of 2019, the Trustee intends to begin withholding the greater of $50,000 or 3.5% of the funds otherwise available for distribution each quarter to gradually increase existing cash reserves by a total of approximately $625,000. The Trustee may increase or decrease the targeted amount at any time, and may increase or decrease the rate at which it is withholding funds to build the cash reserve at any time, without advance notice to the unitholders.