BLUE SKY BREAKOUT

[~ Blue ~]

~ SDOC posted some great news recently ~

1) SDOC has 855 million dollars cash on hand as of January 25, 2016

http://newsok.com/article/5474630

2) The company has 500 million dollars line of credit, Just received from Royal bank of Canada as of January 25, 2016.

http://d1lge852tjjqow.cloudfront.net/CIK-0001349436/f7e54d0b-bac2-4f86-bbb0-ecfce1cdfdc2.pdf?noexit=true

3) The company hedged 4 million barrels of oil at 90 dollars per barrel. It means 360 million dollars revenue will be received from the hedge this year.

PRESENTATION: http://s2.q4cdn.com/943230101/files/doc_presentations/2015/Final_November-IR-Book_11-18-15_7am.pdf

4) The company suspended dividend from Preferred shares it will save another 50 million dollars annually.

http://s2.q4cdn.com/943230101/files/doc_news/2016/JL010816-SD-Announces-Suspension-of-Semi-Annual-Preferred-Stock-Divide....pdf

5) Also The Pinion deal is expected to save the company $39 million this year. Another positive step.

http://investors.sandridgeenergy.com/investor-relations/press-releases/press-release-details/2016/SandRidge-Energy-Inc-Announces-Settlement-and-Termination-of-Obligations-Under-Gas-Treating-and-CO2-Delivery-Agreement/default.aspx

7) The company laid off several hundreds of employees last year. another cost cutting step.

6) All debt payment between 2020 and 2025.
In my opinion, this company is ready for merger or acquisition NOT ready yet for Bankruptcy. Because The cash they have is enough for several months to pay all debt obligations..

http://newsok.com/article/5474630

read check and make your own dd..