SandRidge Energy (SD) +9.2% AH after agreeing to sell its Permian assets to Sheridan Production...

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

SandRidge Energy (SD) +9.2% AH after agreeing to sell its Permian assets to Sheridan Production Partners for $2.6B. SD says the sale is a key part of its planned strategic transition from a natural gas producer to an oil rich E&P company, and results in a cash balance of nearly $3B and liquidity of more than $3.5B for debt reduction and funding development of its Mississippian play.