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SandRidge Energy (SD)

Posted on 12/10/13 at 8:53 pm
Posted by Geaux17
Member since Jan 2006
1624 posts
Posted on 12/10/13 at 8:53 pm
What are your opinions on potential for this stock? Up today, but lackluster lately.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 12/10/13 at 10:35 pm to
New management. might take a while for their feet to get back under them, I am long on them currently.
Posted by stevengtiger
Member since Jul 2013
2778 posts
Posted on 12/11/13 at 9:59 am to
I am an idiot but I bought when they were around $11, when they were buying up lease land around Kansas about three years ago. I had someone tell me that they were set to really take off. Obviously lost some cash but have held on to what I have left.
Posted by FelicianaTigerfan
Comanche County
Member since Aug 2009
26059 posts
Posted on 12/11/13 at 11:59 am to
When they leased our minerals I tracked them kinda close and was considering buying. I think it was around the 4 dollar range. From what im hearing is the Mississippi Lime Play is a bust in the Kansas area where they have most their land so I decided not to buy
Posted by stevengtiger
Member since Jul 2013
2778 posts
Posted on 12/11/13 at 12:19 pm to
That has been the case in Kansas. I know several people that were buying leases up there and were very excited. Lots of hype and it ended up being a bust when considered the cash paid to lease. I also bought in right before they sold around half of thier assets to a group from South Korea.
Posted by FelicianaTigerfan
Comanche County
Member since Aug 2009
26059 posts
Posted on 12/11/13 at 12:26 pm to
There are still doing a lot of looking trying to find the sweet spots in Kansas but it seems to be turning into more of a NG play and with those prices being so low I just dont see SD spending 10mm per well.

Im considering looking into Goodrich that has a lot of investment in the TMS
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7540 posts
Posted on 12/11/13 at 2:45 pm to
Sidebar: still energy. Anyone like KMR? It's trading close to 52 week lows, and has a nice yield (divident reinvest).

I just bought a few and was curious if anyone is tracking them.
Posted by wpsnickers
Member since May 2004
2591 posts
Posted on 12/11/13 at 7:39 pm to
I thought the majority of their property was in Oklahoma, not Kansas. They decided to focus on the Mississippian Shale, so if they end up getting lackluster results, then the stock should tank. There are better alternatives.
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