Replies to post #4312 on SandRidge Energy, Inc. (fka SDOCQ)

[Meztic]

Except the fact that we have 12-14 months before we run out of money . You missed that part , and that we break even at $30 a barrel .... Keeping shorting silly lol

[girlfriend]

THANK YOU. Many posters here have no clue what they are doing.

[gdog]

Well you can say that, but the markets as a whole have followed oil for the last two wks. Not looking for an argument, But its a fact.

[oilfieldmafia]

Damn near every shale company is down 40-50%. To say the price of oil has nothing to do with SDOC share price is absurd. All shale companies are running on fumes and losing money right now. The fact that the PPS got so low and it delis Ted is why it's trading at .06.

CHK averaged 30.00 - now 3.00

APC averaged 80.00 - now 35.00

There are many more suffering just as bad. OPEC and the oil prices are about 95% of the reason for drop in PPS. To think otherwise is foolish.

[powerbattles]

$1.3 Billion of Liquidity at End of Third Quarter, Including $790 Million in Cash

THEY HAVE CASH FOR WORKING CAPITAL UP TO 18 MONTHS. ABSOLUTELY NO SIGN SDOC WILL FILE FOR BK.

ON TOP OF THAT THEY EVEN PLANING FOR FUTURE GROWTH WITH NEW ACQUISITIONS. MANAGE RESTRUCTURE 2020 SENIOR SECURED SECOND LIEN NOTE, ADDITIONAL BOND REPURCHASE AND EXCHANGES ADDRESS $400 MILLION OF DEBT. IF THAT IS NOT ENOUGH TO GIVE YOU A CLEAR SIGN OF NO BK THEN READ FURTHER...ANNOUNCE $500 MILLION BORROWING BASE, ADJUST EBITDA OF $118 MILLION, RASING PRODUCTION GUIDANCE, SANDRIDGE BOND BUYBACK AND 85% PREFERRED CONVERTIBLE YIELD.

NO SIGN OF BK. LOOK LIKE SDOC COMPANY DOING DANM GOOD. READ BELLOW...

The Company had a strong operational quarter, and has both
increased 2015 production guidance and decreased 2015 lease
operating expense guidance due to positive ongoing production and
expense results and the acquisition of the Piñon gathering system.
The acquisition eliminates approximately $40 million of expenses
annually beginning in November 2015.
As previously announced during and after the third quarter, SandRidge
bought back $350 million of unsecured notes for $124 million in
cash (36% of par value), creating annual interest expense savings
of $27 million. In the transactions, the company also exchanged
$575 million of unsecured notes into similar notes convertible into
approximately 364 shares of SandRidge common stock per $1,000
of par value of the notes.
After the close of the third quarter, SandRidge entered into a
purchase and sales agreement to acquire assets from EE3, LLC,
a North Park Basin, Colorado producer consisting of 16 wells
producing 1.0 MBoepd with 136,000 net acres of Niobrara Shale oil
development potential.

http://s2.q4cdn.com/943230101/files/doc_news/2015/JL110415-SD-Updates-Shareholders-on-Operations-and-Reports-Financials-Results.pdf

WHY BUY MORE COMPANIES, PLANING MORE DRILL IF THEY DO BK?

On November 5 2015 they has agreed to acquire the assets of EE3 LLC in a privately negotiated transaction for $190 million in cash.
http://www.ogfj.com/articles/2015/11/sandridge-acquires-north-park-basin-niobrara-assets-for-190m.html

October 07, 2015 Has signed a deal to purchase Piñon Gathering Company LLC – a natural gas gathering player – for a total consideration of $126 million.
http://www.zacks.com/stock/news/192830/sandridge-energy-to-purchase-west-texas-gathering-asset

Unless you have a clear picture, the bk is your opinion and that has jack squat to do with it.
4.3 billion in asset and $790 million in cash what is the fair price for this stock?