SandRidge Permian 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 »
On Wall Street, some companies can be trusted more than others. Some companies consistently make money and hit their goals. Others just talk about commitment to shareholder value without ever delivering on their promises. If you'd prefer a stock you can trust, Sandridge Mississippian Trust 2 (NYSE: SDR) may be worth a look.
After Three Quarters
This royalty trust went public earlier this year. It didn't create too more »
SandRidge Energy (NYSE: SD) is an oil and natural gas exploration company. The company has been public since November 2007. SandRidge is currently trading at about $6.20, and does not show any signs of slowing down any time soon. For comparison, competitor Kodiak Oil & Gas (KOG) is trading around $8.58, and competitor Devon Energy (NYSE: DVN) is trading around $54. SandRidge has been hovering a bit below average more »