Professional
Added to YB: 2024-06-19
Pitch date: 2024-03-31
SD [bullish]
SandRidge Energy, Inc.
+4.63%
current return
Author Info
No bio for this author
Company Info
SandRidge Energy, Inc. engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent.
Market Cap
$357.2M
Pitch Price
$13.74
Price Target
N/A
Dividend
4.57%
EV/EBITDA
3.83
P/E
5.70
EV/Sales
2.08
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Seven Corners Capital Portfolio Holding: SandRidge Energy, Inc.
SD: SandRidge Energy rallied 7% in Q1. Bull case: Secular drilling decline & inflation support prices. Icahn is top holder (13%), ex-lieutenant Frates is Chair. Avoided bankruptcy in 2020 oil crash to -$40/bbl. High-graded wells, cut costs to max FCF. PDP decline to stay <10% for decade.
Read full article (1 min)