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  • Halc√≥n 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, 2014. 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, 2014. 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, 2014. 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, 2014. 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, 2014. 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, 2014. 12:56 PM | 2 Likes Like |Link to Comment
  • Can SandRidge Energy Reach New 52-Week Highs? [View article]
    Diggerdugit, the members of the bod when Ward was looting the company were right alongside Ward in taking advantage of the shareholders. I am hoping they will also see their day in court. This was an egregious rip off of shareholder monies that was only made possible by a bod allowing this to happen. They approved Ward's actions. Some of them also apparently had side deals with the company. I think the entire situation bears an investigation by the DOJ. In my mind, this was the very definition of white collar crime. This will be a case study in business ethics classes for a long time to come.

    It took the shareholders to overthrow Ward, led by Dinakar Singh. The bod did everything possible to protect Ward and help Ward continue looting the company. They approved not only his salary and perks (downright theft) but also his golden parachute. I do believe this could wind up benefiting shareholders by allowing them to recover siphoned assets. Soon we'll know exactly what this is all about. I truly doubt this will have a material impact on SD, regardless. Vastly more important are the new wells and improvements in operations.

    Even if this is about fixing costs or collusion (similar to Chesapeake's mess with Encana), one can look at Chesapeake and see that this is near settlement and it didn't have a material impact on the company. I am not going to worry with this either way.

    Current management is exemplary. James Bennett has stated this is not going to be a matter of grave concern for shareholders. I give Mr. Bennett the benefit of the doubt.
    Mar 4, 2014. 01:12 AM | Likes Like |Link to Comment
  • Can SandRidge Energy Reach New 52-Week Highs? [View article]
    Don't you think you're jumping the gun here to assume that this involves material liability on the part of Sandridge to third parties? What if the investigation involves liability on the part of the old board members and Mr Ward that will help Sandridge stockholders to recover assets from Mr. Ward?

    I think we should wait till the situation is clarified. It's only a subpoena at this point, and management is cooperating fully.

    After firing Tom Ward, who in my opinion is the sorriest excuse for a CEO in the history of fortune 500 companies, the current management team has been nothing less than fantastic in turning the company around. Why don't we give them a chance before condemning them as though they had any part of this?

    The real problem is that there is something wrong with a system that allows someone to so unfairly take advantage of shareholders by insulating themselves with a board of cronies and well heeled attorneys. This is what forced the company to pay Ward off just to get rid of him. Where was the SEC when this was going on?

    Even if there is some liability on the part of Sandridge, there will be a settlement. It's not going to wreck this company. Far more material is what the current management team is accomplishing now. This will determine the ultimate fate of Sandridge. I am a buyer of Sandridge here.
    Mar 3, 2014. 05:46 PM | 4 Likes Like |Link to Comment
  • Halcon Resources sells Woodbine properties for $450M [View news story]
    Mar 3, 2014. 05:14 PM | Likes Like |Link to Comment
  • Micron Will Obliterate Q2 Estimates [View article]
    Gotta admire a guy who sticks to his guns. I have to admit I'm considering options here. However, I am going look for an opportunity on the wings of this Ukraine situation rattling markets.
    Mar 2, 2014. 05:46 PM | 5 Likes Like |Link to Comment
  • My Best Idea For 2014 [View article]
    You've got to be kidding. If i don't feel comfortable with an investment, I'm not going to go to make it. It's not as though this is the only investment that I could possibly make. There are more investments than I could shake a stick at, all with staunch advocates and detractors.

    Think sentiment doesn't matter? Look at Tesla's valuation. Look at bitcoin. In fact, look at the changes in value of MOST stocks over a year. Are you saying these are all, or even mostly due to pure numbers and logic? I think you are kidding, or you are so inexperienced that you simply don't know the difference.. which is it?

    It is my hard earned money and I am going to FEEL it's a good investment, or I am not going to make it. I am a trader - and I'm going to rely on the total picture - which is a combination of many things, not just numbers.

    And as far as me losing my job, no worries there at all. Jobs in my profession are a dime a dozen (not to mention that I only work a minimal amount to keep health insurance). So it would pretty much run up against my indifference. And that's a sentiment :).
    Mar 2, 2014. 06:31 AM | 1 Like Like |Link to Comment
  • My Best Idea For 2014 [View article]
    I wish the very best for all of you. I know Wilson has put a lot of work in his analysis and he is a very bright guy. Should anyone really buy into his thesis, then the big money is to be made playing options.
    Mar 1, 2014. 12:15 PM | 2 Likes Like |Link to Comment
  • Beware Buyers: 12 Reasons Why The Current Sky High Natural Gas Price Isn't Here To Stay [View article]
    I don't see anyone tearing it up with natural gas production. Seems to me that most (this is an utterly nonscientific observation, I admit) had disappointing production in the latest round of earnings releases. Why? Perhaps because the price isn't high enough to mobilize capex. I think injection season will be a failure this year.
    Mar 1, 2014. 09:48 AM | 1 Like Like |Link to Comment
  • My Best Idea For 2014 [View article]
    I could be utterly and completely wrong, and I hope I am, but I feel there is too much hope baked into the price of MU going up significantly from here. No doubt they had a great run as of late, but when I feel too much bullishness on any stock, it's just too risky for me. I am going to sit this one out. Good luck to all longs.

    Maybe it makes no sense, but when I feel a visceral reaction to owning a stock... Well, if it walks like a chicken, and talks like a chicken, it is a chicken. I am a chicken here.
    Mar 1, 2014. 09:41 AM | 1 Like Like |Link to Comment
  • SandRidge +2.3% as Q4 beats estimates, discloses DoJ subpoena [View news story]
    Tom Ward, I personally hope you get jail time - though I doubt that will happen.
    Feb 28, 2014. 12:54 PM | 3 Likes Like |Link to Comment