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Timothy Smith

04/27/14 9:32 PM

#1435 RE: catdaddyrt #1433

$SD I tend to agree:

Assuming SandRidge successfully navigates a recent government inquiry, and the audit of midstream assets do prove a real value of $1 B in MLP value, SD trades at an EV/EBITDA multiple of 5.65x 2014's guidance. Morever, SD is determined to nearly double production by 2016 and improve EBITDA by 30%, driven by further reducing well costs from $3 m to $2.7 M during this period. Mind you, SD will also have a 2013 PV-10 of $4.1 B as a backdrop. As a bonus, Leon Cooperman is at my side as a fellow shareholder. What's not to like about this story?