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

SandRidge Mississippian Trust I - If You Hold This Oil Trust, Time To Fold

Since the summer of 2016, SandRidge Mississippian I Trust's (NYSE:SDT) units collapsed to $2.00 per share after the ex-dividend date in both August and again in December. Several market factors likely fueled the plunge, including continued price deterioration in the energy market, continued poor production results and shareholder fear of a potential spill-over effect should SandRidge Energy (NYSE:SD) enter bankruptcy.

Since reaching a new all-time low price per share in mid January 2016, the shares have rallied once again to the $2.70 price range. And, as you probably are aware if you follow the shares, the Trust just announced another large distribution. If you annualize the current $0.31 per share, the Trust has a current distribution

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