SandRidge Energy (SD -0.4%) is cut to Hold from Buy with a $7 target price from $9 at Wunderlich...


SandRidge Energy (SD -0.4%) is cut to Hold from Buy with a $7 target price from $9 at Wunderlich after the sale of its Permian assets, which prompts the firm to reduce estimates given the Permian's strong, oily production. The firm also cites uncertainty from the ongoing proxy vote and the increased focus on the Mississippi Lime play that needs to be shown as a company-maker.

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Comments (5)
  • Trader's Profit Compass
    , contributor
    Comments (2072) | Send Message
     
    SD is the dog w/ the most fleas in my portfolio; Market up 2% SD off. :(
    2 Jan 2013, 11:45 AM Reply Like
  • DeepValueLover
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    SD is another ATPG.
    2 Jan 2013, 02:04 PM Reply Like
  • papayamon
    , contributor
    Comments (1349) | Send Message
     
    fret not. the upcoming proxy fight will pop the shares enough to hop out if you're in under $7
    2 Jan 2013, 04:47 PM Reply Like
  • Falconflight
    , contributor
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    Don't expect any uptick until the proxy vote is counted...and favorable of course.
    2 Jan 2013, 06:30 PM Reply Like
  • kherman
    , contributor
    Comments (863) | Send Message
     
    In at 6. Will be out at 11. Just too cheap here. Proxy fights can only help
    3 Jan 2013, 05:17 AM Reply Like
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