SandRidge (SD +1.2%) shares rose after Canaccord's John Gerdes reversed his stance and raised...

|About: SandRidge Energy, Inc. (SD)|By:, SA News Editor

SandRidge (SD +1.2%) shares rose after Canaccord's John Gerdes reversed his stance and raised his rating to Hold from Sell (earlier), citing the potential for more manageable cash flow financing. He says SD should be able to cover its 2013 cash flow gap with the sell-down of common trust units and the divestiture of ~250K acres in the Mississippian formation in Oklahoma and Kansas.