value-is-what-you-get Posted October 1, 2013 Share Posted October 1, 2013 So is TPG buying out TW? If yes, this would seem to indicate TPG has confidence going forward........ cheers Zorro Well TW had 13.55 mn shares midway through July, so assuming he's been selling some on the open market the numbers can fit. Somehow I think its unlikely that TW would fork out $9 million for the option to sell his shares. Why not just sell them? Link to comment Share on other sites More sharing options...
Cunninghamew Posted October 11, 2013 Share Posted October 11, 2013 I was bored and looking through tables of listed convert prefs and saw this, so I thought I would pass on. Just another way you could get long SD Ticker: SDRXP CUSIP: 80007P406 These are 8.5% convert perpetual prefs with a liquidation preference of $100 with no stated maturity. It pays $4.25 on 2/15 and 8/15. The prefs are convertible at any time at the holders option into 12.4805 common shares of SD for a conversion price of $8.0125. They currently trade at $103.5 I dont own them, but I do have a small position in the common. Here is a link the prospectus[ftp=ftp://www.sec.gov/Archives/edgar/data/1349436/000095013409000802/h65499exv3w1.htm]http://www.sec.gov/Archives/edgar/data/1349436/000095013409000802/h65499exv3w1.htm[/ftp] Link to comment Share on other sites More sharing options...
stahleyp Posted October 11, 2013 Share Posted October 11, 2013 cunningham, the pfd is nice is one is looking for the dividend. However, the conversion option is 12.4805 share per share of the pfd. "The preferred shares are convertible any time at the holder's option into 12.4805 common shares of SandRidge Energy Inc. (NYSE: SD), an initial conversion price of $8.0125 per common share." Unless the stock trades about $8, one isn't going to get much out of it besides the dividend. Link to comment Share on other sites More sharing options...
CorpRaider Posted October 11, 2013 Share Posted October 11, 2013 Thanks for the idea. Link to comment Share on other sites More sharing options...
Myth465 Posted October 12, 2013 Share Posted October 12, 2013 I own the converts, been moving my leap position there over the year. Link to comment Share on other sites More sharing options...
CorpRaider Posted October 15, 2013 Share Posted October 15, 2013 Hey did you guys hear that Blue Horseshoe (Lee Cooperman) likes SD and thinks it is worth at least $10? Buy buy buy. Someone should be sure to CC Fama on the memo. Link to comment Share on other sites More sharing options...
Myth465 Posted October 17, 2013 Share Posted October 17, 2013 This has to be more than Cooperman. I wonder whats going on - JV, Woodford, just Mr Market. I feel like we are due to trade down, but it just keeps going up. Link to comment Share on other sites More sharing options...
alertmeipp Posted October 18, 2013 Share Posted October 18, 2013 I sold too much as it runs up. >:( Link to comment Share on other sites More sharing options...
ourkid8 Posted October 18, 2013 Share Posted October 18, 2013 What a shame! I have not sold a single share and have really enjoyed the recent run!!! Is this a short squeeze or moving based on potential news / earnings? Tks, s I sold too much as it runs up. >:( Link to comment Share on other sites More sharing options...
CorpRaider Posted October 18, 2013 Share Posted October 18, 2013 It has moved about a buck each of the last three times cooperman was mentioned it, no? Link to comment Share on other sites More sharing options...
Parsad Posted October 18, 2013 Share Posted October 18, 2013 It has moved about a buck each of the last three times cooperman was mentioned it, no? We finally sold 20% of the position today. Still have the other 80%. Cheers! Link to comment Share on other sites More sharing options...
Cardboard Posted October 19, 2013 Share Posted October 19, 2013 Take-over coming, mark my words... ;) All stocks are going up big and especially some of the smaller oil stocks that have been pounded this summer. It is one of the very few areas that was cheap in the market. Repsol has mentioned about a $5 to 10 billion acquisition in NA. There are not many that are cheap in that price range and the fit looks good IMO. Now, with SD share price moving up sharply, they have to act fast if not the opportunity will be gone. It is time to put up or shut up Repsol! Cardboard Link to comment Share on other sites More sharing options...
alertmeipp Posted October 19, 2013 Share Posted October 19, 2013 What a shame! I have not sold a single share and have really enjoyed the recent run!!! Is this a short squeeze or moving based on potential news / earnings? Tks, s I sold too much as it runs up. >:( :'( Link to comment Share on other sites More sharing options...
alertmeipp Posted October 19, 2013 Share Posted October 19, 2013 Take-over coming, mark my words... ;) All stocks are going up big and especially some of the smaller oil stocks that have been pounded this summer. It is one of the very few areas that was cheap in the market. Repsol has mentioned about a $5 to 10 billion acquisition in NA. There are not many that are cheap in that price range and the fit looks good IMO. Now, with SD share price moving up sharply, they have to act fast if not the opportunity will be gone. It is time to put up or shut up Repsol! Cardboard It's about time. Link to comment Share on other sites More sharing options...
cemadh Posted October 19, 2013 Share Posted October 19, 2013 I may be wrong but I highly doubt that a takeover will come anytime before March 2014. For one thing, TPG has sold 10MM shares worth of March $6 puts (insider trade < 6 months?) That brings me to another question. If TPG is so bullish, why did they sell puts instead of buying calls? They are limiting their upside in a big way ($0.9 versus $3 or more) And the recent well data do not show any monster wells. In fact, recent SD well data has been lackluster. I think that this run up is due to Cooperman plus TPG puts. Full disclosure - I got out of my entire position over the last couple of days. Link to comment Share on other sites More sharing options...
alertmeipp Posted October 23, 2013 Share Posted October 23, 2013 nice timing. We may see 5 handle soon. Link to comment Share on other sites More sharing options...
CorpRaider Posted October 24, 2013 Share Posted October 24, 2013 I sold all my LEAPS as well. Mama always said: book the 150ish% gain. I want to get back into it on a pullback, via some longer leaps or the converts. Just wasn't feeling good about the approach of 01/14 and potential crosswinds from an energy pullback. Seems like all these guys are going to keep drilling until half of them go bankrupt. I suppose that excesses are the price for capitalism. Link to comment Share on other sites More sharing options...
ourkid8 Posted October 24, 2013 Share Posted October 24, 2013 SD has hedges in place so I would not be too worried about an energy pullback. Tks, S I sold all my LEAPS as well. Mama always said: book the 150ish% gain. I want to get back into it on a pullback, via some longer leaps or the converts. Just wasn't feeling good about the approach of 01/14 and potential crosswinds from an energy pullback. Seems like all these guys are going to keep drilling until half of them go bankrupt. I suppose that excesses are the price for capitalism. Link to comment Share on other sites More sharing options...
CorpRaider Posted October 24, 2013 Share Posted October 24, 2013 Yeah, you're right, it was really more a time-decay fear and I have some other stuff I want to buy. Link to comment Share on other sites More sharing options...
Philip Morris IV Posted October 24, 2013 Share Posted October 24, 2013 Apparently TW is now starting a new NG-focused company - Tapstone Energy http://www.bloomberg.com/news/2013-10-17/chesapeake-co-founder-ward-funding-new-energy-production-company.html Link to comment Share on other sites More sharing options...
phil_Buffett Posted October 28, 2013 Share Posted October 28, 2013 http://www.dailymotion.com/video/x16gh1x_leon-cooperman-s-energy-picks_news Leon cooperman on SD Link to comment Share on other sites More sharing options...
ourkid8 Posted November 5, 2013 Share Posted November 5, 2013 http://phx.corporate-ir.net/phoenix.zhtml?c=196066&p=irol-newsArticle&ID=1872733&highlight= Increases 2013 Production Guidance by 300 MBoe to 33.6 MMBoe Mississippian Production Averaged 47.9 MBoe per Day in the Third Quarter, a 59% Increase Year-Over-Year Decreased Mississippian Lease Operating Expense to $7.02 per Boe in the Third Quarter, a 22% Decrease Year-Over-Year Delivered 104 Mississippian Wells with an Average 30-day IP of 307 Boe per Day during the Third Quarter, YTD Average 30-day IP of 339 Boe per Day Initiated Development of Chester and Stacked Mississippian Formations Issues 2014 Guidance - Estimated 2014 Total Production of 36.3 MMBoe, 12% Organic Growth - Estimated Mississippian Production of 22.8 MMBoe, 35% Growth - Planned Capital Expenditures of $1.5 Billion Link to comment Share on other sites More sharing options...
rogermunibond Posted November 5, 2013 Share Posted November 5, 2013 I'd like to see them report liquids % in those Boe numbers they are reporting on well results. That they aren't makes me think that they are more gassy than liquids. Link to comment Share on other sites More sharing options...
alertmeipp Posted November 6, 2013 Share Posted November 6, 2013 I'd like to see them report liquids % in those Boe numbers they are reporting on well results. That they aren't makes me think that they are more gassy than liquids. They do have a break down in their projection. 16.5 MMBbls, NG 102.6, Total MMBoe 33.6 Link to comment Share on other sites More sharing options...
ourkid8 Posted November 6, 2013 Share Posted November 6, 2013 Does anyone understand why Sandridge is selling off? This is unbelivable... Tks, S Link to comment Share on other sites More sharing options...
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