SD - SandRidge Energy: On Track To Perform Well Vs. Guidance For 2021
- SandRidge's guidance for 2021 looks fairly conservative based on Q1 2021 results.
- It is trending towards the high end of its guidance range for oil production and total production.
- SandRidge's realized price for NGLs should be better than expected too, while its G&A is coming in under guidance.
- SandRidge may be worth close to $6 per share based on the value of its net cash plus reserves at current strip, adjusted for G&A burden.
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SandRidge Energy: On Track To Perform Well Vs. Guidance For 2021