SDR: SandRidge Mississippian Trust II Instablogs

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Friday, April 26, 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 [Energy]
Tuesday, March 5, 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%. 33 Comments [Energy, Quick Ideas, On the Move]
Friday, March 1, 9:55 AM Falling in concert with SandRidge Energy (SD) are the company's trusts. SDT -4%, PER -2.6%, SDR -6%. 7 Comments [Energy, On the Move]
Wednesday, February 6, 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 [Energy, Quick Ideas, On the Move]
Friday, February 1, 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 [Energy, On the Move, Quick Ideas]
Friday, February 1, 12:45 PM Midday top 10 gainers: OTT +31%. ALIM +25%. BBW +22%. ADNC +21%. PSDV +16%. EDAP +16%. ABAX +15%. CRR +14%. CIS +11%. PMCS +12%.
Midday top 10 Losers: ECTE -31%. EBOD -28%. BCOV -23%. CKH -22%. LTM -20%. KERX -17%. CLSN -14%. SDR -14%. CBMX -11%. PXLW -11%. Comment! [On the Move]
Friday, February 1, 9:29 AM SandRidge Mississippian Trust II (SDR) -12.7% premarket after declaring a distribution of $0.532557 per unit. Sales volumes fell 7% from the previous three-month period, due to lower oil production, offset by slightly higher natural gas production. Overall, the period's results generated an 11% lower distribution per unit than the target. Raymond James cuts shares to Underperform. Comment! [Energy, On the Move]
Friday, February 1, 9:10 AM Premarket gainers: ADNC +30%. TSYS +15%. RAD +9%. CTRP +8%. EDAP +7%. ALU +6%. DELL +6%. VVUS +5%. PRGO +5%.
Losers: ECTE -35%. OTT -23%. LTM -16%. SDR -11%. OCZ -8%. CLSN -7%. ALKS -7%. NMM -6%. TLAB -5%. Comment! [On the Move]
Tuesday, December 11, 2012, 11:33 AM Sandridge Mississippian Trust (SDT +1.4%) moves higher as Anthony Donato lays out how a brutal year for the shares has left them undervalued under nearly any oil and gas price scenario. One trader agrees, saying brokers - burned by VOC, WHX, and WHZ - have been dumping anything that looks similar. This includes not just SDT, but SDR and ECT as well. Comment! [Energy, On the Move, Quick Ideas]
Thursday, April 5, 2012, 1:34 PM SandRidge Mississippian Trust II (SDR) expects to price its NYSE IPO of 26M shares $19-$21 each, which would raise up to $546M. That's below the $603.75M that the trust said it planned to raise in a filing in January. The trust - created to own royalty interest in oil and natural gas wells - is a unit of SandRidge Energy (SD). (filing) Comment! [Energy]

SDR SandRidge Mississippian Trust II

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SandRidge Mississippian Trust II