SandRidge Energy, Inc. (fka SDOCQ)

[catdaddyrt]

the contracts are bought and sold all day long - a company cannot sell a long term contract and honor it with all the volatility in the sector, it would bankrupt them - what contracts are you talking about ???? remember OPECs cost on a bbl of oil is 4.00





http://www.nytimes.com/2012/04/11/opinion/ban-pure-speculators-of-oil-futures.html?_r=0


http://www.investopedia.com/university/commodities/commodities6.asp


yes the lynch mob is at it again - last year some hedge fund guys that lost money did the same thing -sue SD now they are getting sued - very bad business both times imo - SD did own half of the OXY plant in Ft Stockton Tx I have not seen a thing on those assets being sold - they were big on NG drilling in that area when they made the deal with OXY and then the bottom fell out of the NG market -SD sold all NG assets and moved into oil plays which saved them from BK but the my go broke any way - then it would be a hell of a play from BK - it would not surprise me here next year