Professional
Added to YB: 2024-11-20
Pitch date: 2024-11-13
SD [bullish]
SandRidge Energy, Inc.
+30.18%
current return
Author Info
No bio for this author
Company Info
SandRidge Energy, Inc. engages in the acquisition, development, and production of oil and natural gas in the United States Mid-Continent region.
Market Cap
$496.7M
Pitch Price
$10.69
Price Target
N/A
Dividend
3.87%
EV/EBITDA
3.19
P/E
5.99
EV/Sales
2.14
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Seven Corners Capital Portfolio Holding: SandRidge Energy, Inc.
SD: Icahn-backed O&G co. w/ 13% stake. Q3 acquired $144M Western Anadarko assets (70% of Q1 cash). Single-digit PDP decline expected next 10yrs. Thesis: ESG-driven drilling decline supports energy prices. Cost-cutting maximizes FCF. Reactivating dormant wells. Down 9% YTD. Bullish on oil price increase.
Read full article (1 min)