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SN - Sanchez Energy Update: Production Woes Continue
Sanchez Energy Corporation
In my last story on Sanchez Energy (SN) I called the bottom, assuming production issues were done. Sure enough, major production issues occurred, for reasons we will discuss below. Not everything was a negative from SN’s second quarter call.
Corrective measures have been implemented to address production issues at Comanche, and Catarina showed great results. As a result, these new initiatives taken to turn around the company should give investors currently holding the stock optimism, but Sanchez is still in a wait and see mode before it can attract my investment dollars.