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Yep. Someone is going to be very happy with those .0012 warrants if SD can get into the mid 20's anytime soon
Hoping today is the start of a new trend.
Just touched $18 again
SDRWW just got destroyed on small volume.
Yep.
I think I'm wrong about the divvy. It's more likely to help in closing an acquisition.
If so, then hopefully its a good one and is announced soon.
Let's hope it continues ALL next week!
Ha, I like your thinking!
I don't claim to have much expertise in this area, but I think that's just a "catch-all" type of thing for "we're not selling these securities right now, but might at some point in the future" and then I think the shelf registration is good for a couple years or something
Gotcha.
So what are the chances they will announce some blockbuster acquisition within the next 60 days?
It's almost like a double-negative type of thing where I guess it can be read different ways. But I read it as "if it's gonna be delayed, then check this box -- the one reason to NOT check this box is if it's for a dividend reinvestment plan"
Is that to setup stock options or things like that to entice the owners of the other company to accept the deal?
Well, they checked this box....
From listening to the call, my guess would be that the shelf is to have it available if needed when buying another company
Looks like you were right. S-3 just posted.
This might be just thing that SD needed to get the attention it really deserves.
The fundamentals of this company are amazing. They are killing it but seems like nobody has taken notice.
Hopefully thats about to change.
DRIPs
Dividend reinvestment plans, or DRIPs, allow investors the choice to reinvest the cash dividend and buy additional shares of the company's stock directly from the company. Many companies offer shareholders the option to reinvest the cash amount of issued dividends into additional shares through a DRIP. Since these shares usually come from the company’s own reserve, they are not offered through the stock exchanges.
https://www.investopedia.com/terms/s/sec-form-s-3d.asp
SD up $1 already. S-3 just posted.
Did we just get our Hail Mary?
S3 just posted.
Divvy on the way?
Thanks for the info. I couldn't listen to the call. An acquisition would be good.
Thanks for the update.
Listened to the call, and my reading between the lines is that they are leaning toward wanting to do an acquisition to take full advantage of their NOLs
Yep. Everything is right but SD is stuck.
Warrants expire in exactly 2 months.
Need a miracle...
Sandridge has done well. The earnings have come through but the multiple on those earnings has not! Seems unlikely this will change before October 4. The bull market in energy is just starting and that will be seen next year. I have started buying those Tide water warrants that expire 7/31/23 and 11/24/24.
Thanks. Looked great to me too
It looked good to me - all metrics seem to be moving in the right directions.
Income rising costs are dropping
Looks like about $5.50 per share cash. PR made no mention of buyback or dividend. I'd think you could do a one-time dividend of $2 or $2.50 and still have plenty of cash for operations and a safety buffer. Or even just $1 -- something.
Will be interesting earnings call becuz I'm sure they'll be asked. Maybe they'll say they're considering an acquisition or something like that, who knows.
I'm all for companies being conservative and not operating on debt, etc. But I also recall a quote from Peter Lynch's book. I believe he was quoting Hugh Liedtke of Pennzoil who said he believed in the "bladder theory" of corporate finance: the more cash that builds up in the company bank account, the greater the pressure to piss it all away.
Ha, just saw they are reporting after the close
Wait for cold weather to hit NG will go batshit crazy but most likely too late for the warrants, warrants need blowout earning for Q2.
I figure they will report around the 11th
Yeah, lots of companies are definitely opting to return money to their owners rather than putting more money in the ground, because they know the world's radical govts are totally hostile towards fossil fuels at the moment. When govts are saying your industry is going to be shut down in 10 years, what responsible CEO wants to make a long term investment in business infrastructure when that is the mindset?
'And there's obviously no guarantee that a div or buyback will be announced.' True, but it does seem to be all the rage. https://www.cnbc.com/2022/08/02/oil-major-bp-earnings-q2-2022.html
Yeah, could be sell on the news, but personally I'd guess it has more to do with the EIA numbers that came out.
As far as earnings go, there is still hope of a special dividend or a buyback being announced. If that happened, it might give a 10-20% boost to the stock. Funny thing is, I think it would have had the same percentage boost if we were trading at $35 and the future was looking bright. So in the heyday, maybe a one-day boost of $7, whereas now I'd guess a max of $3 boost.
And there's obviously no guarantee that a div or buyback will be announced.
Sell on news?
I think the Q report is AH today.
http://s21.q4cdn.com/174552385/files/doc_news/2022/07/SD-2Q22-Earnings-Release-and-Call-Schedule_2022-0729-v2.pdf
Everything moves opposite right now. So maybe down now is a good omen for later?
lol
Sheesh, struggling to stay above the 16's. I think demand destruction occurred faster than most thought it would. Brought about by a serious rise in the price of everything, we may just be at the point were there's gonna be a reduced demand for everything as people just can't afford it or choose not to buy stuff. Maybe we witnessed the top in energy without realizing it, or without many foreseeing it. Supply may be steady or declining, but for the time being demand seems to be falling even faster.
What a run! I hope SD is going to follow the same pattern in the near future.
A Tale of Two Stocks
No telling what causes certain stocks to move in certain ways. A lot of it is just luck. I've linked to the post from 15 days ago where I speculated that we were bottoming. Just the opposite of a blowhard post, this shows how it's just trying to play the probabilities.
I bought two stocks that day: SD and SBOW. SBOW is also unhedged, but leveraged.
Bought SBOW at $27.64 and it went almost straight up for like 6 days so I sold at 36.75, because it seemed like it had run way too far way too fast (it's now at $46. Oops! lol)
Bought SD at $15.01 and actually thought it had the better chance to be a runner -- unleveraged, lots of cash (will probably have almost $5 per share after earnings and maybe they will announce a dividend or buyback or something). It's struggling to hold $19
SBOW up about 66%, SD less than 26%. I have no idea why the huge difference. Anybody can come up with a reason after the fact (when you know the answer), but it's almost impossible to know in advance. Luck is always a big factor. Hopefully it suggests that SD could still run quite a bit. But just look at the difference in the steepness of these two charts:
SBOW: https://stockcharts.com/h-sc/ui?s=sbow&p=D&yr=0&mn=10&dy=0&id=p01926711171
SD: https://stockcharts.com/h-sc/ui?s=SD&p=D&yr=0&mn=10&dy=0&id=p64293747708
lol yep
The war on gas has drastically increased energy costs.
It’s not near as cheap now to charge your electric car every night.
Irony
Who knows, first they poke the bear now they poke the dragon, these people are insane.
no doubt
any theories on why she is going there in first place?
'Never know the next thing coming that will spike NG to $15' This might do it...https://www.zerohedge.com/geopolitical/hezbollah-threatens-strike-israeli-gas-production-facilities
Yeah.. I have given up on Freeport helping the cause in the short term.
But don't underestimate the global forces driving up the price of Oil & Gas.
Never know the next thing coming that will spike NG to $15
Yeah, no kidding. If I got the news a day or two before everyone else, I'm not sure it would help me any. ha.
Govt not moving fast on Freeeport LNG inspection. They can't be bothered to come out before Freeport LNG's annual inspection, so the inspection will be Sept 13-15. The news reports don't make it totally clear, but I doubt the company would be allowed to start any repairs before the inspection. I wouldn't be surprised if the restart gets delayed again.
https://www.reuters.com/business/energy/us-regulators-inspect-shuttered-texas-lng-plant-september-2022-07-19/
All the political incentives are to keep LNG shut down. Lower energy prices in the U.S. Panders to global warming crowd. And the environmentalists. All in the name of safety.
I'm still quite concerned that Cheniere's LNG (much bigger than Freeport) gets shut down as well (would send US natgas prices plunging). Out of the blue, EPA seems to be taking a hard line. Eventually, I think the govt would lose in court, but the reality is they hate fossil fuels of any kind. It's an odd circumstance that, in the short term, they could keep LNG shut down, AND lower electricity prices locally. That may be tough to pass up politically, keeping in mind that they don't care about fairness, and most have never had any experience running a business. Plus it seems all these elitists actually WANT chaos and collapse in Europe to make everyone dependent on centralized govts , and it would help that too:
https://www.houstonchronicle.com/business/energy/article/Cheniere-says-an-EPA-rule-hurts-Ukraine-response-17313373.php
Why do stocks do the opposite of what you expect on any given day?
If I'm being cynical, I think its the MM's holding things back so they can load.
Would've expected this to be a good day for energy. Instead, it started out nicely, but now flipsy-daisy
Good morning. I think if NG can double so quickly, the SD commons can too.
NG getting closer to 10. New high for this move
Yeah I see this hitting $20 soon. The chart is looking really good now. NG keeps climbing up. I think it will hit $10 like you said. So if NG hits $10, and their report is really good. What do you think this will go to? lol
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SandRidge Energy, Inc. (NYSE: SD) is an independent oil and gas company engaged in the development and acquisition of oil and gas properties. Its primary areas of operation are the Mid-Continent in Oklahoma and Kansas.
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