SandRidge +3.7% as Jim Cramer says Wall Street hate no longer justified


SandRidge Energy (SD +3.7%) pushes solidly higher following positive comments last night from Jim Cramer.

"Because SandRidge is so hated by Wall Street, the analysts can't see the incredible turnaround happening in front of their faces," Cramer said, noting that SD has delivered three consecutive quarters where the company beat earnings estimates and raised guidance since James Bennett took over as CEO.

Cramer also likes SD's real estate assets, particularly the Mississippian play, where the company owns 1.8M acres; SD has 10 years worth of drilling inventory, and new technology could extend that to 20 years or more, he says.

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Comments (7)
  • Clayton Rulli
    , contributor
    Comments (3415) | Send Message
     
    BOOYAH. Still long. Fellow long time holders deserve a bounce.
    17 Apr 2014, 12:35 PM Reply Like
  • flyerguy1300
    , contributor
    Comments (1088) | Send Message
     
    I also very long with SD
    17 Apr 2014, 12:57 PM Reply Like
  • jdg1956
    , contributor
    Comments (7) | Send Message
     
    I wonder if we will hear from the speculators who sold shirt?
    17 Apr 2014, 01:44 PM Reply Like
  • jwalton1943
    , contributor
    Comment (1) | Send Message
     
    Been waiting way too long for good news from someone with street creds
    17 Apr 2014, 04:24 PM Reply Like
  • airbossnj
    , contributor
    Comments (26) | Send Message
     
    Still holding for the ride to 12 which will arrive sooner than expected--oil prices is the key !!!!!!
    18 Apr 2014, 08:40 AM Reply Like
  • NickB2000
    , contributor
    Comment (1) | Send Message
     
    Been watching SD since last year....just had to wait for the technicals to line up also. Sometimes technicals have to play out also.
    20 Apr 2014, 02:19 PM Reply Like
  • Arthur Cutton
    , contributor
    Comments (271) | Send Message
     
    How's this looking now as all the Booya's bail.
    Selling SD calls has been nirvana!
    9 May 2014, 11:31 AM Reply Like
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