SandRidge Energy (SD) indicated that it might pursue a minimal capex plan in 2020 in order to maximize positive cash flow. The company's debt situation is currently fine, but it is challenged by weak prices for NGLs and natural gas. Those low commodity prices are pushing the cash flow from its legacy Mississippian Lime assets down to very modest levels and making it unable to develop its North Park Basin assets without substantial cash burn.
Pricing Environment
SandRidge mentioned that it was reevaluating its 2020 capital plans "with an emphasis on cost