Sandridge Mississippian Trust (SDT)

[catdaddyrt]

Well I saw it coming since the first of the year and even last year - and when they come out of BK after cutting most of the debt they will need 65 dollar oil to break even -50 dollar oil over the next 3 years will bankrupt the new company as well. They will emerge with a 425mm credit facility but at 50 dollar oil they will burn 119mm per year so they are betting on oil prices recovering the the next 3 yrs or they go back under.Woof woof lol