Since mid-May 2015, SandRidge Mississippian Trust II (NYSE:SDR) units have progressively traded to lower and lower lows after the Trust ex-dividend date has been reached. Most recently, the Trust put in all-time new lows in mid-December and again in mid-January of $1.30 per share. 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 spillover effect should SandRidge Energy enter bankruptcy.
Since reaching a new all-time low price per share in mid-January 2016, the shares have rallied once again to the $2.00 price range. And, as you probably are aware if you follow the shares, the Trust just announced another large distribution. If
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|