SandRidge Energy Inc (SD)

[jtomm]

Yeah, the warrants are a much longer shot than they seemed to be just a few short weeks ago. Like you say, none of the facts about the company have really changed.

But I certainly didn't expect energy investors to rush for the exits on recession fears in the way they have (if that's in fact what caused the steep decline in energy stocks, and I don't even claim to know that! ha) The charts tell me the price has gone down, that's about all I claim to know

I mean, the entire energy sector has darn near tanked further and faster than a lot of the tech stocks. Definitely caught me by surprise. And barely a blip up along the way. Almost straight down. We went from $30 to $14 with only one blip up of $2 (from 16 to 18).

Don't know if it's true, but I read somewhere that this is the steepest decline in the shortest time frame in the history of energy stocks. Wouldn't shock me if it's true. And of course it had to happen right when our little warrants had a chance to come into full bloom! Ugh.