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I'm sure many of you who follow SD also follow CHK.  Did you guys check out the CHK Analyst Day slides on the Miss?  Might as well have been SD slides. 

 

I'm getting this crazy idea -- perhaps SD and CHK should combine their Mississipian ops into one company?

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  • 3 weeks later...

SD back over 7 for only the second time since last February 2013 I believe. Long road from the

mid 4's. Perhaps finally the long time holders will reap some rewards in the near future. Hitting big wells,

commodity prices going up ( esp ng),apparent competent management,beating street estimates, etc and of

course an endorsement from cramer himself.if this would run like lts and eca have recently life would be good :)

 

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  • 5 weeks later...

SD down big time in the last few days on high volume led to some speculation that one of the larger

holders had sold out of position. Well it appears it wasn, t Leon Cooperman who on CNBC still recommended

SD and is still holding. Wasn, t real happy to see 6,s again but there you go.

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  • 2 weeks later...

SD back over 7 for only the second time since last February 2013 I believe. Long road from the

mid 4's. Perhaps finally the long time holders will reap some rewards in the near future. Hitting big wells,

commodity prices going up ( esp ng),apparent competent management,beating street estimates, etc and of

course an endorsement from cramer himself.if this would run like lts and eca have recently life would be good

 

well i wrote this a little over a month ago and SD pretty much in freefall since. not acting real positive going into earnings. one frustrating stock

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SD back over 7 for only the second time since last February 2013 I believe. Long road from the

mid 4's. Perhaps finally the long time holders will reap some rewards in the near future. Hitting big wells,

commodity prices going up ( esp ng),apparent competent management,beating street estimates, etc and of

course an endorsement from cramer himself.if this would run like lts and eca have recently life would be good

 

well i wrote this a little over a month ago and SD pretty much in freefall since. not acting real positive going into earnings. one frustrating stock

 

The surge in price seemed mainly due to macro events; not entirely surprised by the ensuing fall as the news cycle turned over. 

 

We'll just have to wait and see as far as the earnings go.

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  • 2 weeks later...

The latest report is quite discouraging to me. Even if you adjust for the trusts (sell them, reduce debt and reduce Ebitda), the company still trades today at just over 7 times Ebitda (vs Enterprise Value). That is about the same as KOG which is being acquired.

 

Of course, there is the 20% growth figure being touted but, why would an acquirer pay $10 a share or about 10 times Ebitda when other oil & gas companies are also growing and being acquired for less?

 

We also hear about the salt water system that could be sold or put into a trust, but how much is that really worth and what kind of impact are we talking on the balance sheet?

 

I am looking for counter arguments or points that I am missing since I am getting ready to move on.

 

Cardboard

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For now I am holding.  I'll either buy more at $4 or sell of when it runs up again.  I need to check my cost basis.  I think it's in the $6s somewhere.

 

 

And after I sell, the run to $11 starts ..... as it always seems to happen with me ;-)

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  • 2 weeks later...
SandRidge Energy Announces Executive Management Changes; Retains Strong and Talented Leadership

OKLAHOMA CITY, Aug. 20, 2014 /PRNewswire/ -- SandRidge Energy, Inc. (SD) ("SandRidge" or the "Company") today announces changes in leadership within its executive management team:

David C. Lawler, Executive Vice President and Chief Operating Officer, has resigned to take the position of Chief Executive Officer at a Houston, Texas based energy company. Mr. Lawler will remain engaged in his current role through September 3rd to ensure a smooth transition.

Craig A. Johnson, Senior Vice President of Development for Oklahoma, has been promoted to Executive Vice President of Operations.

http://finance.yahoo.com/news/sandridge-energy-announces-executive-management-130000331.html

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Due to the recent operational challenges, this was bound to happen and great news as a shareholder.  We need management to string a couple of quarters where we are firing on all cylinders and for the past couple of quarters we have been slipping.  Once we have a couple of great quarters under our belt, they can finally put this company in play...

 

Tks,

S

 

SandRidge Energy Announces Executive Management Changes; Retains Strong and Talented Leadership

OKLAHOMA CITY, Aug. 20, 2014 /PRNewswire/ -- SandRidge Energy, Inc. (SD) ("SandRidge" or the "Company") today announces changes in leadership within its executive management team:

•David C. Lawler, Executive Vice President and Chief Operating Officer, has resigned to take the position of Chief Executive Officer at a Houston, Texas based energy company. Mr. Lawler will remain engaged in his current role through September 3rd to ensure a smooth transition.

•Craig A. Johnson, Senior Vice President of Development for Oklahoma, has been promoted to Executive Vice President of Operations.

http://finance.yahoo.com/news/sandridge-energy-announces-executive-management-130000331.html

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Due to the recent operational challenges, this was bound to happen and great news as a shareholder.  We need management to string a couple of quarters where we are firing on all cylinders and for the past couple of quarters we have been slipping.  Once we have a couple of great quarters under our belt, they can finally put this company in play...

 

Tks,

S

 

SandRidge Energy Announces Executive Management Changes; Retains Strong and Talented Leadership

OKLAHOMA CITY, Aug. 20, 2014 /PRNewswire/ -- SandRidge Energy, Inc. (SD) ("SandRidge" or the "Company") today announces changes in leadership within its executive management team:

•David C. Lawler, Executive Vice President and Chief Operating Officer, has resigned to take the position of Chief Executive Officer at a Houston, Texas based energy company. Mr. Lawler will remain engaged in his current role through September 3rd to ensure a smooth transition.

•Craig A. Johnson, Senior Vice President of Development for Oklahoma, has been promoted to Executive Vice President of Operations.

http://finance.yahoo.com/news/sandridge-energy-announces-executive-management-130000331.html

 

David Lawler was an excellent operator.  Recent operational issues aren't the reasons for his departure.

 

He's becoming CEO of BP's US ops.  Pretty badass.

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  • 2 weeks later...

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