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SandRidge Energy, Inc. - NYSE

7/10/2014, 5:55 AM ET
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There are 11 articles on this stock available only to PRO subscribers.
  • SandRidge Energy: Latest Mississippian Results Look Stronger; Initial Chester Tests Disappoint
    Richard Zeits Mon, Jul. 7 21 Comments

    Summary

    • Based on a fresh batch of operating data, SandRidge has continued to post strong initial well results in the Mississippian play in Oklahoma during April and May.
    • The percentage of under-performing wells has declined.
    • I estimate the company’s Mid-Continent oil production to increase by at least 20% sequentially during Q2, assuming ~100 new well connections.
    • SandRidge has also turned to sales three Chester wells in Woods County. Initial test rates were underwhelming.
    • An Oswego test drilled in Alfalfa County disappointed.
  • Mississippi Lime 2014 - How Long Until The Code Is Officially Considered Cracked?
    Devon Shire Thu, Jun. 19 46 Comments

    Summary

    • The energy industry had high hopes for the Mississippi Lime in 2009 and 2010.
    • The first wave of development of the play produced disappointing results with many companies dumping their acreage.
    • Recent well results are starting to show some of the promise originally expected and beaten down shares of Mississippi Lime players may present opportunity.
  • Multiple Catalysts, Including The Iraq War III, Could Vault SandRidge Energy Into Profitability
    David White Sat, Jun. 14 12 Comments

    Summary

    • Many believe the Iraq War III will lead to a 10% to 20% spike in oil prices. This should increase SandRidge's profits.
    • SD has cut its CapEx from $2.3B to $1.5B over the last two years mostly through increased efficiencies such as pad drilling.
    • SD continues to lead the way with the new "stacked wells." These have one vertical with a lateral into two different zone plays (two laterals).
    • SD recently divested itself of its Gulf of Mexico assets in order to concentrate on its core assets on whose development it is expert.
  • SandRidge Energy: A Strong Start For Q2 2014
    Richard Zeits Wed, Jun. 11 10 Comments

    Summary

    • Following weak drilling results in Oklahoma in January-February, SandRidge posted much stronger wells in March and April.
    • The most recent well data impresses with a much improved percentage of strong and “monster” wells on one hand and reduced percentage of under-performing wells on the other.
    • Given the recent acceleration of drilling activity, SandRidge will likely achieve a very impressive sequential production increase in Q2.
    • The Woodford Shale results have continued to lag.
  • SandRidge's Asset Base Will Ensure Its Long-Term Growth
    IAEResearch Thu, Jun. 5 14 Comments

    Summary

    • SandRidge has one of the best assets in the region and the company is utilizing its asset base well to grow.
    • Decreased cost should give an advantage to SandRidge and increase the profitability of the company.
    • Increased production per well shows that the company is utilizing its assets well.
  • SandRidge Energy: Focus On Mid-Continent Leading To Multi-Year Growth Story, New Highs?
    Achilles Research Wed, May. 28 9 Comments

    Summary

    • Transitioning business model and focus on the strategic Mid-Continent region key for driving shareholder value.
    • Outstanding production growth prospects and strong well results make SandRidge Energy a promising mid-cap energy player.
    • SandRidge Energy outperformed analyst earnings expectations, despite adverse winter conditions affecting operations.
    • Upside largely driven by production momentum in the Mid-Continent.
  • The Mississippi Lime: How SandRidge Made It Work
    Casey Hoerth Sun, May. 25 21 Comments

    Summary

    • SandRidge Energy has acquired in the Mississippi Lime while others have vacated.
    • Management underwent an 'almost maniacal' program of improving profitability.
    • SandRidge has made the Mississippi Lime profitable, and has great potential as a 'turnaround' story.
  • SandRidge Energy: Still On Track Despite A Harsh Winter
    Clayton Rulli Sun, May. 11 15 Comments

    Summary

    • SandRidge’s Mid-Continent production declined 2% for the Q1 2014 period, but this is mostly due to very harsh weather conditions in the period.
    • This was the 12th coldest winter on record and the prolonged freezing temperatures created disruptions in well development.
    • Management reaffirmed 2014 guidance and a 20%-25% CAGR through 2016.
  • SandRidge Energy: A Weak Quarter, But There May Be A Silver Lining
      Richard Zeits Sat, May. 10 7 Comments

    Summary

    • SandRidge’s Mid-Continent production declined 2% sequentially in Q1.
    • The decline occurred despite heavy outspending relative to internally generate cash flow.
    • Stronger well results in March and increased drilling activity set the stage for fast sequential growth in Q2.
  • SandRidge Energy: You Ain't Seen Nothing Yet
    David Alton Clark Fri, May. 9 12 Comments

    Summary

    • SandRidge Energy just reported its third straight earnings beat.
    • Fundamentals are improving and forward guidance was raised.
    • The stock has significant upside based on a net asset value basis and future EPS growth estimates.
    • The current geopolitical and macroeconomic environment is highly favorable for domestic energy stocks.
  • SandRidge Energy Set To Grow
    IAEResearch Wed, Apr. 23 16 Comments

    Summary

    • The financial position of the company has been enhanced by the recent movements in the assets mix.
    • The focus on increased efficiency and resource rich areas should result in better operational results.
    • The improvement in the natural gas prices is expected to continue due to the prospect of exports which should benefit SandRidge in the short-medium term.
  • SandRidge Energy: Hidden Value & Growth Are Underestimated
      Clayton Rulli Tue, Apr. 22 48 Comments

    Summary

    • SandRidge Energy may not be worth the entire farm, but there is plenty reason to be long.
    • New management has been and will continue to cut well costs, while increasing production at a 20%-25% CAGR through 2016.
    • SandRidge's proposed midstream spin-off is worth over $1 B to the MLP market, and could be a big catalyst to unlocking value.
  • SandRidge Energy: March Well Results Show Improvement
    Richard Zeits Sun, Apr. 20 9 Comments

    Summary

    • Following weak well results in Oklahoma in January-February, SandRidge posted much stronger wells in March.
    • The average test rate for the Q1 Well Sample in Oklahoma has improved and is now in line with Q4 2013.
    • The probability of a weak production report for Q1 is nonetheless high due the expected quarter-on-quarter well count decline and high percentage of weaker wells in January-February.
    • However, if such weakness indeed manifests itself, it should not be perceived as a deterioration in well performance.
  • You Must Be In Denial To Bet Your Farm On SandRidge Energy At The Current Levels
      Value Digger Fri, Apr. 18 90 Comments

    Summary

    • SandRidge has taken measures to improve its capital efficiency and grow its production over the coming months.
    • The Mississippian formation will primarily fuel this production growth.
    • The funding gap, the key metrics, the debt and the subpoena from the US Department of Justice do not help me be bullish on SandRidge.
  • SandRidge Energy: How Is The Quarter Shaping Up?
    Richard Zeits Wed, Apr. 9 50 Comments

    Summary

    • SandRidge's latest Oklahoma well results are presented and discussed.
    • Using production test results for a 32-well sample as a proxy for the company’s overall well quality, Q1 2014 is shaping up as a middle-of-the-road quarter.
    • Given that the number of wells brought on production during Q1 will likely be below the 2013 average, it is difficult to expect meaningful sequential production growth.
  • SandRidge Energy: Sweet Spots And Duds Of The Mississippian Lime
      Richard Zeits Thu, Apr. 3 24 Comments

    Summary

    • The article provides well-by-well production data and analysis for SandRidge’s Mississippian wells within the company’s southern Comanche County focus area.
    • The analysis indicates the presence of a unique gas-prone sweet spot that stands behind the prolific company-estimated 542 MBOE EUR for the area.
    • The analysis also reveals poor well performance in other select areas, which indicates that acreage in those areas is uneconomic or marginal.
  • SandRidge Energy: Execution Remains The Key, Valuation Still Not Compelling
    Price Point Fri, Mar. 14 23 Comments

    Summary

    • SandRidge has been taking steps to improve its capital efficiency and is growing its resource base in Mid-Continent.
    • SD is calling for a three-year organic production CAGR of 20-25%.
    • Although the company’s strong production growth and falling costs should narrow the funding gap, SD is projected to incur cash flow deficit in 2014 and 2015.
  • Why Prem Watsa Of Fairfax Financial Put 15% Of His Portfolio Into SandRidge Energy
    Bram de Haas Wed, Mar. 12 34 Comments

    Summary

    • Production from horizontal drilling techniques might be underestimated.
    • Strong insider ownership of the company.
    • CEO has a history as an investor/capital allocator in a private equity energy fund.
  • SandRidge Energy: Latest Mississippian Well Results
      Richard Zeits Tue, Mar. 11 36 Comments

    Summary

    • Presented are production test results for SandRidge's operated Mississippian/Woodford wells in Oklahoma brought on-line during January 2014.
    • Comparison to the previous four quarters indicates weaker average oil production rates and stronger natural gas rates.
    • Approximately 80% of the Mississippian wells used open hole completions.
    • Permitting and spudding activity indicates increased focus on Garfield County, Oklahoma.
  • Is SandRidge Energy Finally Ready To Double?
    David Alton Clark Tue, Mar. 11 6 Comments

    Summary

    • Investors have been wary of SandRidge Energy’s stock.
    • The stock has 50% to 100% upside on a net asset value basis according to CEO.
    • Leon Cooperman reiterated his bull thesis on March 9, 2014.
    • The geopolitical environment is highly favorable for SandRidge Energy.
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Company Description

SandRidge Energy, Inc. is an oil and natural gas company engaged in exploration, development and production activities in the Mid Continent, Gulf of Mexico and Gulf Coast.