Seeking Alpha

SandRidge Energy (SD): Q4 EPS of $0.06 beats by $0.06. Shares +1.6% AH. (PR)

SandRidge Energy (SD): Q4 EPS of $0.06 beats by $0.06. Shares +1.6% AH. (PR)
Comments (13)
  • THIS IS GREAT NEWS - TOM MAY NOW RECEIVE 100MM DOLLAR BONUS.
    28 Feb 2013, 05:55 PM Reply Like
  • why the big afterhour drop
    28 Feb 2013, 06:44 PM Reply Like
  • SD=ATPG
    28 Feb 2013, 06:46 PM Reply Like
  • ATPG?
    28 Feb 2013, 07:15 PM Reply Like
  • I am refering to the deteriorating operating results...

     

    http://reut.rs/146rTWk

     

    For a long time ATPG looked healthy until...
    28 Feb 2013, 07:19 PM Reply Like
  • why the drop AH though? same with KOG for those who follow them as well..both SD and KOG beat today
    28 Feb 2013, 07:22 PM Reply Like
  • The drop in pps is due to Tom Ward as CEO. Period. He pays himself $500,000 per WEEK. He hands out SD stock options in huge amounts to employees (friends) and is basically stealing the stockholders blind. The CFO, COO and President are overpaid by 10X the normal salary of a peer energy company employee. White collar criminals in my opinion.
    28 Feb 2013, 07:43 PM Reply Like
  • at 5.50 i will buy more shares this stock will go up by takeover or not
    28 Feb 2013, 09:15 PM Reply Like
  • Yes! Buy, buy, buy. SD at $10 in 12months.
    1 Mar 2013, 04:50 AM Reply Like
  • I still don't fully understand why Prem Watsa owns this stock. And he recently added more shares to his holdings.

     

    So confused.
    1 Mar 2013, 05:16 AM Reply Like
  • So SD beats the street estimate by 100%, the stock drops $.12 at the close. Yeah, I understand the market.
    1 Mar 2013, 06:52 AM Reply Like
  • The "market" looks at SD's numbers and heads for the exit.

     

    "During the fourth quarter of 2012, the company's debt, net of cash balances, increased by approximately $365 million and for the full year 2012, increased by approximately $1.4 billion. This increase is a result of funding the company's drilling program and the cash portion of the Dynamic acquisition."

     

    Clearly this company needs a BOD comprised of responsible, financial managers not a bunch of wildcatters.
    1 Mar 2013, 07:46 AM Reply Like
  • Your all a bit cruel to TW. Is he worth the big $$$? No. Is he doing a good job on the operational front? Maybe/yes.

     

    That Pinion stuff in W. Texas needed Co2 processing. At $3.oo its a disaster. Still writing it down and paying for the OXY processing plant on a contract. Did he save the company by getting out of the pinion and into Permain/Miss/ and Gulf Coast....................

     

    Is he still too levered. Yes. Do you have good hedges in place. Yes.
    Is the production and cash flow growing. Yes. Is the LOE in the Miss Lime REALLY low.........Yes.

     

    I think the TPC guys miss a point here. SD can hold production in the GOM and cash flow it with very little incremental Cap-Ex. Ie.......It's cash flow positive and adds net free cash flow to develop the Miss Lime.

     

    I think the numbers show he is slowing Cap-Ex, because of the Permain sale, and is going to Exit 2013 production with less net debt and about the same amount of oil barrels of production as he has right now BEFORE the Permain sale. This is Cash from the Sale less Cap-Ex for 2013.

     

    With this plan, and all the hedges in place 2013 will NOT be the year of SD demise.

     

    G&A per BOE of production for 4Q is REALLY high. I think there are a lot of jobs in Oklahoma at risk wether the company is sold or not!!!
    1 Mar 2013, 08:44 AM Reply Like
DJIA (DIA) S&P 500 (SPY)