SandRidge Energy Inc (SD)

[brandemarcus]

Yes, unfortunately we are trading at a forward multiple minus cash of about 3. The warrants would be almost in the money if the company had a p/e ratio like eog or dvn. Detractors keep harping on no clear plans for the huge cash position!
Higher gas prices in Europe have no earnings effect as Europe is already using every bit of us export capacity. The gas prices should suggest a higher multiple on future earnings as clearly no one is going to rely on the Russians in the future. The problem is no one thinks that far ahead.