SD - SandRidge Energy Stock: Upside Case Is Murky
- SandRidge Energy has drawn a lot of attention from its unhedged natural gas book and balance sheet.
- Differentials and limited drilling inventory are key offsetting impediments; so too is the natural decline rate without a new drilling program.
- Personally take little stock in any upside in the pipeline business. Converting water gathering lines to handling carbon dioxide for sequestration makes little sense.
- Fairy valued here in my opinion, with better upside opportunities elsewhere in small or mid cap E&P.
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SandRidge Energy Stock: Upside Case Is Murky