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May 16 SandRidge (SD +1.2%) shares rose after Canaccord's John Gerdes reversed his stance and raised his rating to Hold from Sell (earlier), citing the potential for more manageable cash flow financing. He says SD should be able to cover its 2013 cash flow gap with the sell-down of common trust units and the divestiture of ~250K acres in the Mississippian formation in Oklahoma and Kansas.
2 Comments[Energy, Quick Ideas]
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at MarketWatch.com (Apr 18, 2012)
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at CNBC.com (Apr 12, 2012)
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at CNBC.com (Mar 22, 2012)
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at CNBC.com (Feb 29, 2012)
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at CNBC.com (Feb 24, 2012)
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PR Newswire (May 3, 2012)
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PR Newswire (Apr 17, 2012)
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PR Newswire (Apr 16, 2012)
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Company Description
"SandRidge Energy, Inc., is an independent natural gas and oil company headquartered in Oklahoma City, Oklahoma concentrating on exploration, development and production activities related to the exploitation of our significant holdings in West Texas. Our primary areas of focus are the West Texas... More