SandRidge Energy, Inc. (fka SDOCQ)

[catdaddyrt]

those preferreds& bonds are killing them(along with other debts) - I would send into the ground more with wispers of BK and get those damn P/Bs retired one way or another- buying discounted commons does not help the company financially it costs them more money that they don't have- no one cares about the O/S its a bad play imo - if the company did start doing better the harder it would be to get the preferreds - get them now -make the holders sick with worry -

they want to blow 200mm- get as many Ps or bonds as you can imo




old Tom Ward set up a time bomb here and got rewarded for it on the way out -

So here's the choice: Buy back discounted commons, or retire highly inflated preferred shares and bonds

lets go with OR

I don't care what seeking alpha says most of the time but I don't agree with this call