SD - SandRidge Energy: Projecting Near $140 Million In Net Cash By End Of 2021
- SandRidge had $99 million in net cash at the end of Q3 2021 and could reach $139 million by the end of 2021.
- It may realize over $30 for its NGLs in Q4 2021.
- At $14 per share, SandRidge is trading at 1.0x PDP PV-10, which is pretty fully valued based on various asset sale transactions.
- Carbon capture projects could provide some longer-term upside, although not overly much value should be attributed to that currently due to the uncertainty.
- My previous estimates of SandRidge's cash flow and PDP PV-10 look fairly accurate.
For further details see:
SandRidge Energy: Projecting Near $140 Million In Net Cash By End Of 2021