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SandRidge Mississippian Trust I (SDT)

  • Mon, May 18, 12:46 PM
  • 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. 25, 2013, 9:22 AM
    | 1 Comment
  • Oct. 25, 2013, 8:31 AM
    • SandRidge Mississippian trusts I and II (SDT; SDR) sink premarket after reporting last night that during the three-month production period ended Aug. 31, total sales volumes finished below initial Trust estimates: I, II.
    • SDT/SDR says the shortfall was due to lower oil volumes, partially offset by higher natural gas production; the production drop from the previous period mainly was driven by the completion of the drilling obligation which occurred in the previous period.
    • SDT -3.9%, SDR -5.9% premarket.
  • 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.
  • Apr. 26, 2013, 9:11 AM
    Premarket gainers: LOGM +19%. AVNR +16%. SYNA +17%. QLIK +12%. CRIS +9%. DHI +7%. THRX +7%. MUX +7%. JCP +7%. CSTR +6%.
    Losers: PKI -14%. SIMO -11%. BIDU -9%. KEG -8%. SDT -5%
    | Comment!
  • Apr. 26, 2013, 8:34 AM
    SandRidge Mississippian Trust I (SDT) -6.6% premarket after Oppenheimer downgrades shares to Underperform, pointing to news that its Q1 income available for distribution is a below-target $0.5682/unit, forcing it to pay the subordination threshold of $0.5904 per common unit and $0.5015 per subordinated unit. The firm believes other MLPs offer better opportunities at much less risk.
    | 1 Comment
  • Mar. 5, 2013, 12:55 PM
    Midday top 10 gainers: ACUR +59%. HIMX +37%. MTG +25%. CREE +15%. APP +15%. ZOLT +15%. ASNA +14%. SNTS +14%. PKOH +14%. DYAX +13%.
    Midday top 10 losers: IPXL -25%. RNIN -23%. DRWI -19%. REGI -17%. TELOZ -17%. SHIP -14%. CSUN -10%. SDT -10%. JCP -10%. PSTR -9%.
    | 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%.
  • 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.
  • Dec. 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!
  • 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%).
  • Oct. 2, 2012, 11:56 AM
    SandRidge Mississippian Trust I (SDT -4.2%) trades lower after parent company SandRidge (SD) disclosed a large sale in an SEC filing out just before the open of 668K shares at $22.98 each. The timing of the filing suggests the trade occurred before market hours in a private transaction.
    | 1 Comment
  • Jun. 15, 2012, 4:41 PM says today's sharp slide in SandRidge Mississippian Trust I (SDT -6.9%) was caused by the pricing of a 996K block trade at $26.50/share, well below yesterday's $28 closing price.
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Company Description
SandRidge Mississippian Trust Iis a statutory trust. Itholds Royalty Interests in specified oil and natural gas properties located in the Mississippian formation in Alfalfa, Garfield, Grant and Woods counties in Oklahoma.