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papayamon

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  • SandRidge Is Ready To Outperform [View article]
    You are entitled to your opinion. :). I wasn't aware that Dinakar had moved his office into SD headquarters and has now decided to go in the oil and gas business. I think he's a major hedge fund investor who instigated the chasing off of probably the worst CEO of any company in the fortune 500 (he was smart enough to do that, I agree). I actually think James Bennett is the CEO and he is proving himself to be wonderfully competent.

    We've already seen Tom Ward's magic. Taking a company from the 20's to 5 or 6 dollars while being paid like the CEO of Exxon is something to be downright ashamed of. The separation bonus they paid to get rid of him was a testimony to the worst excesses of a system where a CEO can take unfair advantage of shareholders using a compliant board in conjunction with high paid attorneys. This will be a case study in corporate ethics for a long time to come. Are you suggesting SD bring back Tom Ward? Then they could bring back an utterly useless air force and paint the tanks with $20k logos, promote a pro basketball team and put videos of Tom Ward back on the company website. And while they run the carnival, perhaps SD could go in the business of selling hot dogs to make up for the shortfall. Ward would have the stock crashed by this time due to liquidity issues and lavish spending. He was, in my opinion, grossly incompetent.

    Personally, I'd rather drill more wells. SD is clearly moving in the right direction. Management has already benefited SD. Anyone who looks at their last investor presentation should see great things coming.

    If Dinakar Singh's experience as a hedge fund investor is unsuitable for you, then I would either not buy or else short the stock. Good luck shorting, however, because I think you are going to need it.
    Mar 7 08:46 AM | 1 Like Like |Link to Comment
  • SandRidge Is Ready To Outperform [View article]
    I was very impressed with the various well designs in the various plays they are tapping. Equally impressive is the business savvy they area applying to bring costs down. The teamwork here is quite amazing. These guys just need a few more quarters and we'll see plenty of cash flow generated to fund drilling. No doubt about it, they are on the right path and are cracking the code in the MidCon.

    Mar 6 09:40 PM | 1 Like Like |Link to Comment
  • SandRidge Is Ready To Outperform [View article]
    Yes, this article is very poorly written with obvious errors.
    Mar 6 08:42 PM | 1 Like Like |Link to Comment
  • SandRidge Is Ready To Outperform [View article]
    With SD, the new management team has only been in place for a few quarters. Tom Ward left the company on the verge of failure when he was finally chased away by angry shareholders. The turnaround has been nothing less that fantastic. I am with Cooperman on this stock. This is a double in another year.

    Patience is a virtue in investing. The old SD under Tom Ward and the new SD under James Bennett are 2 different companies. So far, I have been extremely impressed. When SD is bought out, you will see Mr. Bennett's career skyrocket. We have outstanding management now instead of a CEO that was mostly concerned with throwing up a smokescreen while he siphoned away shareholder assets. Many thought SD would be sold in a few weeks after Ward was canned. That's simply not realistic.
    Mar 6 07:31 PM | 3 Likes Like |Link to Comment
  • SandRidge Is Ready To Outperform [View article]
    Sundowner, if you are not so sure, perhaps you should sell. I don't stay in any stock that I am not confident about. Of course, it is your money. I wish you luck whatever you decide to do.
    Mar 6 06:33 PM | Likes Like |Link to Comment
  • SandRidge Is Ready To Outperform [View article]
    Oh my gosh. I am HUGELY bullish on SD, but this article totally misses the mark. First, SD is not in the Gulf of Mexico. They sold it. Did the authors not do the first bit of fact checking before they released this?

    This is, at best, a very sloppily written article. Do the editors of SA even glance at these before releasing them?

    SD has laid the foundation for terrific growth in the MidCon. I'd love to see an intelligently written article that discusses the results SD is beginning to produce in the Midcon.

    It is too early to be absolutely apparent in the financials, but the next few quarters will have analysts clamoring with upgrades of SD. ALL of the fundamentals are falling into place. He who moves early is rewarded the most. SD is a buy at these levels. Unfortunately, it will be bought out by a major before it gets much beyond $12 a share. But with SD's methodology, the potential for oil production in the Midcon is staggering. And all this while large oil companies like Shell are utterly unable to do anything with the same assets. Should a major get smart enough to take out SD, they will acquire the engineering expertise that will allow them to replicate this success elsewhere. This is the greatest asset SD possesses.

    This article is simply too sloppy to have been put together by anyone with a clear understanding Sandridge Energy. Too bad.
    Mar 6 06:22 PM | 7 Likes Like |Link to Comment
  • Halcón Resources: Latest Eagle Ford Well Results (Through January 2014) [View article]
    What are the well costs in the TMS? Any particular issues with this play?
    Mar 5 04:14 PM | Likes Like |Link to Comment
  • SandRidge Energy: What Are The Assets Worth? [View article]
    Would it be unusual for management to have a vested interest in increased stock price? Who holds any stock or options that doesn't want to see them go up? Are you suggesting Bennett is lying because he wants to cash in? Is every CEO that thinks his company's stock is worth more money and states so in some way corrupt? I don't understand what you are getting at here.

    Of course Bennett has a vested interest. That is actually a good thing. If he does a good job with Sandridge, he makes a boatload of money. I don't have a problem with that.

    Bennett isn't going to get the stock to $10 by saying it. He's going to get it there by proving out SD as a viable company. There's no way it's going to $10 without earnings. Sorry, but I don't see the scam here.
    Mar 5 03:46 PM | Likes Like |Link to Comment
  • Halcon Will Reward Patient Investors [View article]
    if there's one thing i've learned in investing, it's that it (almost) never hurts you to sit with idle buying power while you sit on the sidelines looking for an opportunity. good luck ari.
    Mar 5 01:17 PM | Likes Like |Link to Comment
  • Halcón Resources: Latest Eagle Ford Well Results (Through January 2014) [View article]
    That's it jack. TMS pops and that will be the catalyst to greatness. Despite all the fumbles, if there is decent oil to be found in the TMS, the Halcon Crew will find it. It will be slow in developing, but by December we'll have a glimmer of it. In the meantime, HK has to keep drilling the best spots it can in its two established plays. The company needs cash and there's only one good way to get it.
    Mar 5 12:34 PM | 3 Likes Like |Link to Comment
  • SandRidge Energy: What Are The Assets Worth? [View article]
    Certainly the ultimate valuation of SD has to take into account the momentum that management has established over the last year. Ward left the company in an incredible mess and no more than a few quarters from complete disaster. Management has done wonders to unravel it and get the company moving in the right direction. When one considers the enormity of the tasks that have been accomplished in the last year, it is clear that this management team brings great value to the company. It is simply too early for this to show up in the financials. They have had only 3 quarters, i believe. But look at the progress! In another 3 quarters, wall street will see big value in the MidCon, because it will be undeniable.

    Should natural gas make a sustained upward move to $5 (which I think is inevitable - $3 natural gas is like $50 oil - someone else who doesn't exist is going to continue to produce it in fairy land), the WTO property will be transformed from a liability into an asset. Then this company is really off to the races.

    With all due respect, any analyst who says "this is still the same old SD" is dumber than a rock. SD is clearly emerging as the value play in the MidCon.

    And regarding any Anti-Trust investigation, it will not be material to the overall company. We are talking a minor distraction. Far more important is that Tom Ward is gone and can do no future damage.
    Mar 5 07:36 AM | Likes Like |Link to Comment
  • SandRidge Energy: What Are The Assets Worth? [View article]
    Richard, that's impossible to predict at this point. Sure, if you take the traditional wells that SD drilled in the Lime (like the trust wells), it's possible. We all know they are marginal at best. But this is no longer the Lime. It's the Midcon. There are many different well designs and many different pay zones.

    There's no way on this earth you are going to be able to write an article what will be conclusive in my mind. No one can. Are you going to value the Chester wells differently? How many Chester wells can the company drill? How do you analyze the other zones? What is the impact of managing the lifts and well pressure more effectively over the life of all the wells? This is extremely complex stuff, and more data will have to be gathered as SD learns the play and experiments.

    I was very impressed by the presentation today. They are going through the asset base with a fine tooth comb. The engineering clearly shows they are rapidly increasing efficiencies and learning new techniques as well as better understanding the geology of the play.

    You may be able to say the jury is out and this is still a speculative stock. That's fine. But to come up with a definitive "no" answer at this point? It's impossible. We need to give SD a few more quarters. This is not the old SD where the CEO is more focused on pilfering shareholder assets than delivering shareholder value. This is the new SD, a completely different animal.

    They clearly have their funding in order and are focused like a laser on the Midcon. It's my gut feeling that they are going to do just fine. But only time will tell. The potential upside is huge.
    Mar 4 07:54 PM | Likes Like |Link to Comment
  • SandRidge Energy: What Are The Assets Worth? [View article]
    I would agree with this. A Zeits article is generally well researched and presents a balanced viewpoint without an agenda. Richard is one of the top authors you will read anywhere. If you don't understand the acronyms, should you be investing in these stocks? It probably means you don't understand the business models very well.
    Mar 4 02:34 PM | 4 Likes Like |Link to Comment
  • SandRidge Energy: What Are The Assets Worth? [View article]
    For sure. It's nice to have a CEO that focuses on creating value for shareholders vs a CEO that focuses on siphoning assets for his personal benefit. Bennett and company are finding every possible way to return value to the shareholders. Painting the tanks green? That says "let's drill more wells".

    I'm sold on the SD story as retold by current management. Had Ward stayed on, the company would already be crashing. One can only imagine what could have been if Ward had been Bennett all along. SD would be in the 20's today.
    Mar 4 01:39 PM | 4 Likes Like |Link to Comment
  • SandRidge Energy: What Are The Assets Worth? [View article]
    It actually benefits SD is that the acreage is worth very little. That they have all the synergies going is what creates value for them. So for SD to lease additional acreage and grow their focus areas .... it's cheap. Leasing areas that you don't hold by production only sucks cash flow. That they have such a great competitive advantage will keep others out.

    Sd is in a very unique position in the play with their water disposal system and electrical infrastructure. Cracking the low cost well code will allow them to greatly expand the # of wells.

    I really like the decision to focus strictly on the midcon assets. My prediction is that we will see good returns here that will compound going forward.

    The new SD is nothing like the old SD.
    Mar 4 12:56 PM | 2 Likes Like |Link to Comment
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