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

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