Professional
Added to YB: 2024-06-19
Pitch date: 2024-03-31
SD [bullish]
SandRidge Energy, Inc.
+5%
current return
Author Info
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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
$13.25
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
Show full summary:
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)