Sandridge Energy Inc (SD)

[brandemarcus]

Unlike Beta, I am not entirely convinced that the common or even pfd survives. The interesting thing is there are only 5 million shares of pfd(or so I remember when I looked at the 10K). Let's value the pfd at 2 that makes the pfd worth 10 million. Now go look at the market cap (28-36 million from memory?)for the common. If you are a trader then you want to own common to flip back and forth, but the value and better risk reward is clearly the pfd.