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Porgie Tirebiter

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Porgie Tirebiter

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Re: north40000 post# 1483

Friday, 07/18/2014 8:00:07 PM

Friday, July 18, 2014 8:00:07 PM

Post# of 13692
Because it trades at a discount to book. And any company that trades at a discount is a possible takeover target.

http://www.fool.com/investing/general/2014/07/18/is-sandridge-energy-inc-the-next-6-billion-energy.aspx

Cooperman also notes that oil below $90 for a sustained period could produce a default on debt... Bankruptcy.

It's the debt service that prevents SD from showing positive earnings.

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