tombgrt Posted July 10, 2013 Share Posted July 10, 2013 This stock has been acting poorly since TPG took over, pretty much miss out the whole rally plus some. Good thing it did great under Ward... :D This stock has been acting poorly since TPG took over, pretty much miss out the whole rally plus some. How long has TPG been in control? Are things better or worse at SD? We all know that there is a fundamental disconnect at times between what is happening at a company and when the market finally values the business closer to intrinsic value. This! Link to comment Share on other sites More sharing options...
plato1976 Posted July 10, 2013 Share Posted July 10, 2013 it's really a mystery to me this stock just has no reaction to positive factors, including climbing oil price... I have a high hope for this one to be acquired this year, and then I can redeploy the cash into chk... Another factor to consider is that WTI and Brent Crude are now only $3 apart or $105 vs $108 respectively. This is nowhere near the discount seen not that long ago which went as high as $27.68 in October 2011. So something has definitely changed in terms of shipping oil out from the U.S. and Canadian inland and/or U.S. demand is much stronger than some make it to be. This bodes well for Sandridge if we are to extrapolate some of the recent drilling successes in the Mississipian in terms of oil content and flows. Cardboard Link to comment Share on other sites More sharing options...
CorpRaider Posted July 10, 2013 Share Posted July 10, 2013 In fairness to SD, my OXY and CVX aren't doing much of anything either. Some consolation. woah....deja vu. Link to comment Share on other sites More sharing options...
plato1976 Posted July 13, 2013 Share Posted July 13, 2013 Very confused about the divergence of the oil price and the SD share price. I was very concerned that the oil price will slide with other commodities, and that's one reason I didn't dare to put too much on sd But seems oil finds support on the western asia turmoil . Maybe it's even a long term support (for a few years). So I am asking myself, why not buy more SD at this point ... In fairness to SD, my OXY and CVX aren't doing much of anything either. Some consolation. woah....deja vu. Link to comment Share on other sites More sharing options...
alertmeipp Posted July 14, 2013 Share Posted July 14, 2013 In fairness to SD, my OXY and CVX aren't doing much of anything either. Some consolation. woah....deja vu. YTD: OXY up ~20%, CVX up ~15% SD down 20%+ both OXY and CVX have ~3% dividend. Link to comment Share on other sites More sharing options...
CorpRaider Posted July 14, 2013 Share Posted July 14, 2013 True. Oxy has moved YTD on the irani drama, down when it looked like he might win, up when it became clear he was going to lose. I meant neither has done anything with this recent spike in crude over the last month or so. Oxy is down (~3%); CVX is up ~2%, but crude is up around 10%. Link to comment Share on other sites More sharing options...
CorpRaider Posted July 17, 2013 Share Posted July 17, 2013 Did the efficient and all-knowing market just discover that Cooperman likes SD? Sheesh. Link to comment Share on other sites More sharing options...
Parsad Posted July 17, 2013 Share Posted July 17, 2013 Did the efficient and all-knowing market just discover that Cooperman likes SD? Sheesh. LOL! Who knows. I've never understood the short-term gyrations of the market. Heck, Jim Chanos now likes Berkshire and BAC! Cheers! Link to comment Share on other sites More sharing options...
plato1976 Posted July 17, 2013 Share Posted July 17, 2013 to be fair, Jim Chanos was not negative on BAC last year Did the efficient and all-knowing market just discover that Cooperman likes SD? Sheesh. LOL! Who knows. I've never understood the short-term gyrations of the market. Heck, Jim Chanos now likes Berkshire and BAC! Cheers! Link to comment Share on other sites More sharing options...
tombgrt Posted July 19, 2013 Share Posted July 19, 2013 OT: Bought some ITM SD leaps. Lucky small 20 days investment, up over 55%. Sold this part today but hold the rest (90%). I'll just trade a small part of my position given how this one can fluctate all over the place. Must say that pricing of the $3 jan 2014 option is not compelling for sellers atm. $0.01-0.03 in time value. But my position is to big not to at least sell some in this small rally. Link to comment Share on other sites More sharing options...
racemize Posted July 19, 2013 Share Posted July 19, 2013 Must say that pricing of the $3 jan 2014 option is not compelling for sellers atm. $0.01-0.03 in time value. But my position is to big not to at least sell some in this small rally. Yeah, no joke--although I am up on a lot of options since a few months back, the time value portions have gotten crushed in recent days/weeks. Link to comment Share on other sites More sharing options...
CorpRaider Posted July 19, 2013 Share Posted July 19, 2013 Yeah I will probably roll my 01/2014 7's out 1 year and up to 8 or 10 in the next week or two, I'm going to let the 5's ride. It is kind of irrational that its not trading around $7, which is roughly where it was before the proxy fight drama erupted. Link to comment Share on other sites More sharing options...
tombgrt Posted July 19, 2013 Share Posted July 19, 2013 That's why I'm not a fan of ATM options, let alone OTM. I prefer ITM to minimalize paid for time value but still keeping enough leverage. I'd only buy those kind of options for very strong companies with general market weakness or for a short-term catalyst. Link to comment Share on other sites More sharing options...
BargainValueHunter Posted July 22, 2013 Share Posted July 22, 2013 http://www.reuters.com/article/2013/07/22/sandridge-ward-idUSL1N0FS12020130722?type=companyNews&feedType=RSS&feedName=companyNews&rpc=43 Ousted SandRidge Energy Inc Chief Executive Tom Ward sold nearly 10 million of the oil and gas company's shares after he was fired last month, bringing in about $47.4 million in proceeds. The sales cut Ward's position in the company, which he founded, by more than 40 percent, according to a filing with the Securities and Exchange Commission on Monday. Link to comment Share on other sites More sharing options...
CorpRaider Posted July 22, 2013 Share Posted July 22, 2013 Soo, Riverstone, which funded the acquisition of the Apache shallow gulf assets last week for the operating entity run by former BP ceo Browne is the same one that is the largest SD shareholder, right? Link to comment Share on other sites More sharing options...
PhatKing Posted July 22, 2013 Share Posted July 22, 2013 Yes it is the same Riverstone. Perhaps they can buy the Permian assets that they sold to Sandridge and Tom Ward. But we are unlikely to get the same price that Tom Ward paid to buy those assets. Let us see what we learn about the "type curve" and other operational comments on the 2Q conference call. Link to comment Share on other sites More sharing options...
bmichaud Posted July 25, 2013 Share Posted July 25, 2013 Good to see SD back to its intrinsic state of a terminally declining share price.... Link to comment Share on other sites More sharing options...
tombgrt Posted August 5, 2013 Share Posted August 5, 2013 Quit in this topic! Don't quite know what to expect tomorrow. Let's hope for some more positive developments. I sold 25% of my position in these last few days/weeks in the $5.50-5.75 range (average profit +-35%). Mainly because they are all jan '14 ITM options, prefer to average both in and out. Link to comment Share on other sites More sharing options...
ASTA Posted August 5, 2013 Share Posted August 5, 2013 Lets say that I am praying :D i'll buy Parsad(him and others help me with this one) a big magnum champagne if it pops otherwise I just owe him an expensive wine :D That's my deal of the day Link to comment Share on other sites More sharing options...
CorpRaider Posted August 5, 2013 Share Posted August 5, 2013 A copycat performance of CHK would be better than a sharp stick in the eye. Link to comment Share on other sites More sharing options...
Parsad Posted August 5, 2013 Share Posted August 5, 2013 A copycat performance of CHK would be better than a sharp stick in the eye. You don't say. LOL. Cheers! Link to comment Share on other sites More sharing options...
CONeal Posted August 6, 2013 Share Posted August 6, 2013 Results are in http://phx.corporate-ir.net/phoenix.zhtml?c=196066&p=irol-newsArticle&ID=1845250&highlight= Link to comment Share on other sites More sharing options...
BargainValueHunter Posted August 6, 2013 Share Posted August 6, 2013 SandRidge Energy beats, shares rise SandRidge Energy (SD): Q2 EPS of $0.08 beats by $0.11. Revenue of $512.99M beats by $77.9M. (PR) Shares +2.25% AH. SandRidge (SD) +0.8% AH after easily beating estimates for Q2 earnings and revenues. Average production for its Mississippi Lime wells - a key source of growth - rose 20% Q/Q and 88% Y/Y; completed six new wells with 30-day initial production exceeding 1K boe/day. Raises its 2013 forecast for Mississippi output by 4%; increases its outlook for total oil and gas production by 2%. Adjusts FY 2013 average oil differential to $9.50/bbl from $8.50 to reflect higher projected NGL volumes and lower offshore oil price realizations. Severance costs related to former CEO Tom Ward totaled $128M. Link to comment Share on other sites More sharing options...
bmichaud Posted August 7, 2013 Share Posted August 7, 2013 Phew, SD is declining again....I was worried the recent change in trend was here to stay. Link to comment Share on other sites More sharing options...
alertmeipp Posted August 7, 2013 Share Posted August 7, 2013 the drop is nonsense. the only bad is the production is going to slow down 2H, but lots of goodie in this q. sigh Link to comment Share on other sites More sharing options...
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