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re: SandRidge Sells Gulf of Mexico Business to Fieldwood Energy

Posted on 1/7/14 at 9:43 am to
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
38878 posts
Posted on 1/7/14 at 9:43 am to
quote:

SD -2.02%


It has slid back up.

I don't know why they are selling their gulf stuff unless they really need the cash. They need to get rid of their on shore Mississippian BS in Oklahoma/Nebraska that has cost a lot of money and not really worked out.
Posted by Oily Tigah
City of Surup
Member since May 2007
2373 posts
Posted on 1/7/14 at 10:01 am to
quote:

I don't know why they are selling their gulf stuff unless they really need the cash. They need to get rid of their on shore Mississippian BS in Oklahoma/Nebraska that has cost a lot of money and not really worked out.


Yeah, it seems like they are pot committed at this point.
Posted by hardhead
stinky bayou
Member since Jun 2009
5746 posts
Posted on 1/7/14 at 10:11 am to
quote:

I don't know why they are selling their gulf stuff unless they really need the cash


it is depleted

quote:

They need to get rid of their on shore Mississippian BS in Oklahoma/Nebraska that has cost a lot of money and not really worked out.


yet
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