Chesapeake Granite Wash Trust
Oil and gas driller SandRidge Energy (NYSE: SD) announced that it was selling its Permian Basin properties to privately held Sheridan Production Partners II for $2.6 billion in cash. The sale is another important part of SandRidge’s strategic transition from a natural gas producer into an oil rich E&P company. It also provides the debt heavy company with some financial breathing room.
SandRidge is following the road more »
If there’s one energy company that investors love to hate its Chesapeake Energy (NYSE: CHK). With a growing liquids business, great acreage positions in some of the most intriguing emerging energy basins and what appears to be a dirt cheap stock price, what’s not to like? How about their image problems, bloated balance sheet and unfocused approach? Those three have done wonders for their stock price sending it more »
Being debt free is something that the long-term thinking, financially savvy among us strive for. So why not look for that in an investment? Also, most people do not look to investing as a source of income. But that is still no reason to discount a high dividend yield. Dividend reinvestment is a great thing, especially if you are looking to build a long-term portfolio that you can grow old more »