Daniel R Moore
Long only, portfolio strategy, value, research analyst

SandRidge Mississippian Trust II: Third Quarter Results Down, Units Oversold

The latest reported quarterly results by SandRidge Mississippian Trust II (NYSE:SDR) showed a slight deterioration of production volume relative to expectations and earnings which were only able to provide a threshold level distribution to unit holders. This result came after a 2nd quarter in which the Trust announced strong results which were well above expectations. On October 24th SDR announced its quarterly distribution for production during the time period of June through August 2013. During the summer the energy market showed relatively high oil prices throughout, but natural gas weakened as over-supply in the market continued. NGL prices improved, but the spread relative to the price of crude oil remained wide.

Upon the announcement of earnings and the...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details