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

SandRidge Mississippian Trust II- Nightmare Turning Into Reality

The latest reported quarterly results by SandRidge Mississippian II Trust (NYSE:SDR) showed another quarter of sharply lower performance. On July 31st SDR announced its quarterly distribution for production during the time period of February through May 2014. During the spring the energy market showed relatively high oil prices and declining NGL and natural gas prices, the combination of which help to exacerbate a very poor production quarter for the Trust. To make matters worse for the Trust, it recorded a derivative contract loss for the first time even though the contract was at $99 per barrel. As the March through May average pricing for NYMEX WTI averaged above $100 per barrel, the Trust suffered a $418K loss on...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
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