No debt Unhedged $25 million share buyback in place And NG at all time highs with winter fast approaching
So very bullish.
Also, if the commons keep moving up, sooner or later the warrants are going to RIP!
We saw the same thing happen in LMB.
SD isn't a penny stock anymore. I think that confuses the majority of the investors who are buying so many of the commons. They see the price for the warrants and think they must be worthless (because they do not buy "penny stocks".)
They are far from worthless.
They represent an opportunity for infinite returns.
I have heard theorize that SD has the means to drill more wells, and double their output with the land they already own.
The all time high for SD is about $25. That was 5 years ago.
If the stars align for SD and they make it to $50, those warrants will be worth about $10 EACH.
These next two quarters are HUGE.
SDRDW SDRWW
SandRidge & Baytex Energy, Possibility of a 10X? - Market Huddle Ep. 142 Clip