Tough Times at SandRidge?
Nov 11th 2012 8:00AM
Updated Nov 11th 2012 8:02AM
In this video, Motley Fool energy analyst Joel South talks about SandRidge's big news -- the potential decision to sell off the company's Permian assets. The sell-off has investors nervous, but the company's aim is for more immediate liquidity for the company going forward to pursue its three-year plan to make moves in the Mississippian shale, as opposed to the slower method of waiting for Permian production to pay off before making those moves. This liquidity will help with its capital expenditures in the short run, but was it worth trading in the stable low-risk Permian assets for? Joel gives us his thoughts.
Investors have been spooked before with SandRidge. Recently they were startled after the company plummeted when natural gas prices reached 10-year lows, but with SandRidge halfway through its ambitious three-year plan to profitability, the future looks bright. If you are unsure about the future of this emerging oil and gas junior and are looking to find out more about its strengths and weaknesses, you should view this brand-new premium report detailing SandRidge's game plan and what to expect from the company going forward. To get started--click here!
The article Tough Times at SandRidge? originally appeared on Fool.com.Joel South and Taylor Muckerman have no positions in the stocks mentioned above. The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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