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SandridgeEnergy

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SandridgeEnergy

Re: Level2Me post# 60341

Wednesday, 03/29/2017 3:26:53 PM

Wednesday, March 29, 2017 3:26:53 PM

Post# of 63558
You are missing the point. The balance sheet got much much weaker this past year and the damage isn't over. Guesstimates of future revenue have nothing to do with the deteriorating balance sheet.

Next Q is Q1 by the way, not Q2, which will make this worse.

And if 30M revenues is your benchmark, then you better hope that they get costs down more, because they will be bankrupt EOY at $30M a quarter with current cost structure.

It is why analysts were so focused on costs.

Cash is only up because the company is taking longer to pay bills.
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