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SandRidge's (SD) shares may have lost 44% in the past year, but CEO Tom Ward predicted in an SA...

SandRidge's (SD) shares may have lost 44% in the past year, but CEO Tom Ward predicted in an SA interview that they should rise significantly over the next 3 years as the firm executes on a plan to double oil output and triple EBITDA. SA authors Michael Filloon (see here) and Devon Shire (see here), who took part in the interview, think SandRidge can do it.
Comments (6)
  • SD stock goin' up?? Sure hope so. The sooner, the better.!
    Hopefully Tom, you've anticipated possible declines in
    the $/barrel of oil. Drill Baby, Drill.!!
    22 Apr 2012, 04:03 PM Reply Like
  • BFD,

     

    If a stock that's dropped 44% then goes up 78.5% you'd be almost even with where it was prior to the decline.

     

    100 - 44 = 56
    56 x 1.785 = 99.96
    22 Apr 2012, 04:12 PM Reply Like
  • If I buy now and get back to your break even point, I will be very happy for the both of us :-)
    23 Apr 2012, 06:48 PM Reply Like
  • I guess Tom can no longer promote the stock through CNBC before diluting SD shareholders through acquisitions.

     

    SandRidge is a good company. The trusts are worth looking to. It has been and should continue to be an awful stock. Everyone who's bought SD has gotten burned. If the board truly wants investors to come in, they need to institute a shareholder rights program.
    22 Apr 2012, 05:47 PM Reply Like
  • $12 natgas would be sweet by the end of next year!
    22 Apr 2012, 06:36 PM Reply Like
  • Tom is paying himself very well so I doubt he is too concerned whether the stock appreciates - $25mm a year - I think he and Aubrey try to see who can achieve the highest remuneration.
    But, I am all for it GOING UP!!
    23 Apr 2012, 06:32 AM Reply Like
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