Replies to post #10161 on SandRidge Energy, Inc. (fka SDOCQ)

[Smilin_B]

Any new investor relations correspondence lately?

Yes, I've been speaking with (verbally) Mr. Justin Lewellen. He is the Manager of Investor Relations for SandRidge Energy.

He can be reached at [phone]

In our last conversation (days ago) we spoke for about 20 minutes and covered a wide range of topics.

As many of you know, when speaking with IR, due to Reg FD laws, they are unable to comment on matters that are non public in nature. Of course I brought up share holder concerns of the potential for Chap 11, prepackaged bankruptcy, restructuring efforts presently being considered etc.

I was informed that the company is doing all it possibly can to satisfy all parties, while simultaneously making great strides in advancing core business operations and dialing in on the recent acquisitions.

I was reminded that most of the employees and management of SandRidge are involved in an employee stock compensation plan, and that EVERYONE is feeling the pain (from higher ranks on down to the lower) concerning the price of our common equity. So there is a vested interest in righting the ship.

I was advised that management is working diligently with it's creditors and stake holders and that the company has the funding in place to continue to do so.

The conversation, from the standpoint in providing me with "Details" concerning the rumored BK, was of course guarded but I walked away from the discussion feeling as if they were making every effort to avoid it.

Feel free to contact the gentleman yourselves. He doesn't bite. He's just a regular guy like the rest of us, and has been fielding these types of calls for months.

Isnt it interesting that while all these other companies are succumbing to Bankruptcy, SandRidge keeps grinding along.

Week after week we hear the same rhetoric "Bankruptcy by Monday, Bankruptcy by Wed, Bankruptcy by Friday" etc etc ad-nauseum

The share price already reflects BANKRUPTCY

Both LINE and EXXI are in far worse shape than Sandridge, and both have rallied hard in the face of Bankruptcy.

There's a small twisted part of me that wishes SDOC would announce BK or restructuring, so the PPS could skyrocket.

I just don't think that's going to happen.

Earnings are due out within the first 2 weeks of May (as per Mr. Lewellen)

Let's see what type of statements are made during that period.

For now, I'm feeling good about owning the shares and will add to my position if panic sellers feel like handing them out.

Hope that helped answer your question