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SandRidge Energy (SD -4%) is cut to Sell from Hold at Canaccord, after shares have rallied on...

SandRidge Energy (SD -4%) is cut to Sell from Hold at Canaccord, after shares have rallied on the "unfounded expectation" of a takeover. Also, market indications suggest the current clearing price for acreage in the heart of the Mississippian play is ~$1,500/acre including associated production; a Permian sale does not improve SD's long-term financial standing, the firm says.
Comments (2)
  • mmhudd
    , contributor
    Comments (13) | Send Message
     
    With a payout of 21/2 years on the average well in the Mississippian, it seems SD is under valued. With an estimated 1500 locatiions for wells.
    17 Dec 2012, 01:15 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (7838) | Send Message
     
    What a disaster!

     

    ATPG all over again...
    17 Dec 2012, 01:22 PM Reply Like
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