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SandRidge Permian Trust (PER)

  • Wed, May 13, 12:45 PM
    | 1 Comment
  • Nov. 12, 2013, 3:59 PM
    • SandRidge Mississippian Trust I (SDT -2.2%) and Mississippian Trust II (SDR -1.6%) sink to new 52-week lows, and SandRidge Permian Trust (PER -0.5%) isn't far above similar lows.
    • Also lower: Chesapeake Granite Wash (CHKR -3.9%) and ECA Marcellus Trust (ECT -3.6%).
  • Oct. 28, 2013, 10:12 AM
    • SandRidge Mississippian Trust II (SDR -3.2%) is downgraded to Underperform with an $11 price target, down from $16, at RBC on concerns about an 18% Q/Q dive in production despite 20 gross new wells drilled in Q3, which the firm says is far below even the most pessimistic views.
    • The firm also lowers SandRidge Permian Trust (PER -3%) to Underperform, with the price target cut to $14 from $17, believing the time has come to look beyond the attractive yield at the risks associated with the lack of communication, operational transparency and production trend visibility.
  • 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.
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  • 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%.
  • 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%.
  • 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.
  • 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.
  • 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.
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  • 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%.
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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