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

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.
Comments (2)
  • DeepValueLover
    , contributor
    Comments (8163) | Send Message
     
    How can you slap a sell rating on a company that you admit will be impossible to kill with a liquidity crisis???
    16 May 2012, 06:53 PM Reply Like
  • TFCAB
    , contributor
    Comments (1944) | Send Message
     
    Hey Guys..you know that SELL recommendation i spewed out yesterday on SD: i want a do over.......go ahead and hold it.......
    Great credibility booster for Conaccord huh.........
    17 May 2012, 01:05 PM Reply Like
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