Daniel R Moore
Portfolio strategy, bonds, oil & gas, long-term horizon

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...

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