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SandRidge Mississippian Trust II (SDR) -12.7% premarket after declaring a distribution of...

SandRidge Mississippian Trust II (SDR) -12.7% premarket after declaring a distribution of $0.532557 per unit. Sales volumes fell 7% from the previous three-month period, due to lower oil production, offset by slightly higher natural gas production. Overall, the period's results generated an 11% lower distribution per unit than the target. Raymond James cuts shares to Underperform.
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