SandRidge Energy Inc (SD)

[jtomm]

Yeah, anything's possible, and I really do think that all of energy might be getting near a turnaround. SD didn't have as big a bounce as some others from the low a week ago. Most other energy stocks bounced more from the week ago lows and are just now approaching their lows (on lighter volume), so my wild guess is energy is trying to find a bottom here. But after such a swift and ruthless collapse of the entire sector, my guess would be that it takes a while to bottom. Plus, the market is forward looking, so for the next couple of months we might see natgas prices continue lower as domestic inventories build and knowing that the Freeport facility isn't even planned on re-opening until late in the year. Maybe a few months from now natgas prices might start to rise again in anticipation of the facility re-opening.

Who knows, but my guess is it's gonna be tougher sledding for the warrants than for the stock. The stock doesn't have a deadline on it.

But if the market as a whole continues to take a dive, SD will probably head down with it.