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...
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