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MikeBK205

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MikeBK205

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Wednesday, 09/28/2016 6:17:55 PM

Wednesday, September 28, 2016 6:17:55 PM

Post# of 13692
17:07 ET - SandRidge Energy says it expects to emerge from its bankruptcy reorganization and resume trading on the NYSE the week of Monday. The Oklahoma-based energy producer filed for chapter 11 protection in May. SandRidge says it now expects to spend between $225M-$255M this year, down from a previous projection of $285M. The revised budget is a far cry from what it was spending before the oil bust helped send the company into bankruptcy. Company filings show it spent nearly $943M in 2015 and $1.6B in 2014. (erin.ailworth@wsj.com; @ailworth)
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