Replies to post #7600 on SandRidge Energy, Inc. (fka SDOCQ)

[oilfieldmafia]

Are you serious..... Same way i can have tons of Cash in my bank and not pay bills just IN CASE i need it.

Chances are very good they default on the interest payment IMO. Others wise with all that cash why delay on paying.....

[mikoli007]

Oils going up, optimism is up, the economy is up, housing is up, jobs are up. Why would a company with that much cash default when everything is looking better? Why anyone let them have a loan draw if it was that bad? Judges frown on borrowing, spending, charging etc..then filing BK.

[JustJoe3103]

Exactly! They won't default. They are getting some last minute debt restructuring done. You don't buy 125million dollar piece of land and then throw it in the garbage can. It is sick how undervalued this thing is.