SD - SandRidge Energy May Generate Over $100 Million In Positive Cash Flow
- SandRidge Energy may be able to generate $115 million in positive cash flow at current strip in 2022.
- It may also be able to get to $340 million in net cash by the end of 2023.
- Strong near-term prices have allowed it to resume drilling activities in the NW Stack.
- The NW Stack is not a top-tier asset, but the economics still work well based on near-term prices.
- Being able to maintain its proved developed reserves while generating cash is important for SandRidge's value.
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SandRidge Energy May Generate Over $100 Million In Positive Cash Flow