SandRidge Energy Inc (SD)

[creede]

Hi Brande. Interesting analysis!

Biggest issue we have right now with the warrants is the spread. The warrants are trading unsolicited so what we see are actual orders.

People who are holding these warrants are simply not willing to give them up on the cheap anymore.

BIDS at 5 and 6 cents on the warrants at close and nobody really selling.

If the commons will run into the 20's we should see the spread get a whole lot tighter.

And eventually it should really pop.

It only has to be within reason that the commons could crest the strike price -- and I think it is, all things considered.