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SandRidge Permian Trust (PER)

- NYSE
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  • Wed, May 13, 12:45 PM
    | 1 Comment
  • Nov. 12, 2013, 3:59 PM
    | 15 Comments
  • Oct. 28, 2013, 10:12 AM
  • Apr. 26, 2013, 5:29 PM
    Headlines focused on SandRidge (SD) management have missed a more fundamental issue which may lead to further share weakness, Josh Young writes: Well performance is much worse than expected. Permian Trust (PER) results were so bad that cash was pulled from subordinated unit distributions to fund minimum common unit distributions, which means SD's interest in the asset is generating less cash flow than expected.
    | 4 Comments
  • Apr. 26, 2013, 8:43 AM
    SandRidge Permian Trust (PER) -5.2% premarket after announcing a subordinated threshold distribution of $0.512 per common unit and $0.353 per subordinated unit. The realized oil price, including the impact of hedges and natural gas liquids, decreased 8% Q/Q, which had a material impact on the distributable income for the period.
    | Comment!
  • Mar. 5, 2013, 12:17 PM
    SandRidge Mississippian Trust I (SDT -9.5%) is cut to Sell from Hold with a reduced $13 target price at Wunderlich, citing a weakening distribution outlook due to higher costs, lower production and a higher mix of natural gas being produced. Investors may be attracted to SDT's yield, but the firm says investors should focus on the trust's risk profile. SDR -4.9%, PER -2.5%.
    | 34 Comments
  • Mar. 1, 2013, 9:55 AM
    Falling in concert with SandRidge Energy (SD) are the company's trusts. SDT -4%, PER -2.6%, SDR -6%.
    | 7 Comments
  • Feb. 6, 2013, 12:33 PM
    Energy trusts suffer another shellacking after RBC Capital issues downgrades and target price reductions for SandRidge Permian Trust (PER -6.6%), due to reduced production visibility and increased risk profiles following below-expected Q4 distributions, and SandRidge Mississippian Trust I (SDT -5.5%) and II (SDR -1.6%), as increasing risk meets additional production concerns.
    | 10 Comments
  • Feb. 1, 2013, 1:36 PM
    Energy trusts (SDT, PER, SDR) all take hits after announcing dividend and production cuts last night (I, II, III), and Raymond James does not pass "Go," downgrading the group to Sell from Buy. These new trusts are misunderstood, says one trader long the names. The wells are still getting drilled and there's going to be volatility in production volumes. They're cheap by any metric and - unlike MLPs - they're debt-free, having no need to issue debt (or shares) to replace depleting assets.
    | 13 Comments
  • Nov. 20, 2012, 3:17 PM
    Oppenheimer recommends using the pullback in SandRidge Permian Trust (PER -1.3%) as a buying opportunity based on confidence in Permian assets. PER has unduly suffered under unwanted headlines at the parent company (SD +0.7%) as an activist investor calls for the ouster of CEO Tom Ward. The firm is less comfortable with SandRidge Mississippian Trust (SDT -1.4%).
    | 5 Comments
  • Nov. 8, 2012, 4:52 PM
    More on SandRidge's (SDQ3 results: Says it is exploring the sale of assets in the Permian Basin, other than those associated with SandRidge Permian Trust (PER), which produce ~24,500 boe/day. Proceeds would be used to fund SD's capital expense program in the Mississippian Play and to repay debt. SD +3.4% AH.
    | Comment!
  • Mar. 15, 2012, 9:04 AM
    Premarket gainers: ITMN +15%. NCT +9%. FRO +6%. MBI +5%. RVSN +5%. STM +4%. CREE +3%. FCEL +3%. HMC +3%. AMD +3%.
    Losers: GES -11%. YONG -11%. VRA -5%. PER -5%. GBG -4%.
    | Comment!
  • Nov. 3, 2009, 12:05 AM
    Notable premarket earnings: ABC, ACOR, ADM, AMT, ANR, CAM, COL, CTSH, EMR, EXPD, FTR, GET, HCP, HNT, ICE, JOE, JRCC, LPX, MA, MHS, MRO, MVL, NXG, OSK, PER, PKD, PQ, RCL, RDC, RL, SNH, TE, TEVA, THC, TLM, VIA, VNO
    | Comment!
  • Sep. 21, 2009, 1:59 PM
    Dell's (DELL) purchase of Perot (PER) is a good stepping stone to overcome Dell's historically high reliance on PCs, JPMorgan says, but $3.9B - a 68% premium - is expensive. Dell's paying 1.4x sales, where H-P (HPQ) paid just 0.6x EDS' sales last year. "Perot's gross and operating margin profiles are a little more attractive than standalone EDS, but the valuation gap is still wide."
    | Comment!
  • Sep. 21, 2009, 9:00 AM
    Premarket gainers: PER +66%.
    Losers: AIB -7%. IRE -6%. RAD -6%. MT -5%. S -5%. POT -5%. AUY -4%. SLW -4%. HL -4%. Q -4%. MOS -4%. AU -4%.
    | Comment!
  • Sep. 21, 2009, 7:20 AM
    Over the past year, Dell (DELL) and Perot Systems (PER) have produced a combined $16B in enterprise-hardware and IT-services revenue, with half of that coming from enhanced services and support.
    | Comment!
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Company Description
SandRidge Permian Trust earns royalty interests in specified oil & natural gas properties in the Permian Basin located in Andrews County, Texas & the equivalent of 888 oil & natural gas development wells to be drilled within an area of mutual interest.
Country: United States