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Started By
Message
re: SandRidge Sells Gulf of Mexico Business to Fieldwood Energy
Posted on 1/7/14 at 10:25 am to hardhead
Posted on 1/7/14 at 10:25 am to hardhead
quote:
you can stop guessing now
Well, I was starting to guess myself as an owner of the company. The stock performance has been less than desirable over the last couple of years and now this news breaks on my stock alert deal this morning.
Luckily LNG has been through the roof this year... with another hellacious pop today on a rating upgrade. I guess it has spoiled me...
2
Posted on 1/7/14 at 10:30 am to Clyde Tipton
Sandridge was just another Chesapeake with much poorer assets. Tom Ward was McClendon's old partner and he basically looted the company before he was forced out. In regards to getting out of the Mississippi Lime play that is pretty much the main asset Sandridge still owns at this point and not sure where they would go instead as they would pay through the nose to get into the Eagleford or the Bakken.
Posted on 1/7/14 at 12:33 pm to Clyde Tipton
so sick i sold LNG. just didn't think it would keep going.
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