Replies to post #494 on SandRidge Energy Inc (SD)

[creede]

Holy Smoke.

Looks like someone bought 150,626 shares @ $24.69 right at the close.

That's $3,703,500 worth.

BOOM

Am I reading that correctly?

https://ih.advfn.com/stock-market/NYSE/sandridge-energy-SD/trades

[creede]

This is worth a harder look…

“U.S. natural gas prices more than doubled since the start of the year, and this summer's air-conditioning season could send them soaring by at least another 25%.

In the futures market, gas prices rose 4.4% Tuesday as hot spring weather in the Southern U.S. pressured a market that has already been concerned about tight supplies. The warmer weather is forecast to continue across the region.”

https://www.msn.com/en-US/news/markets/natural-gas-prices-have-already-doubled-this-year-a-hot-summer-could-push-them-even-higher/ar-AAXoeEC

“…soaring by at least another 25%”

That would put NG above $11.00

Big investors watch where the wind is blowing.

If the consensus on The Street has become that NG & Oil is going way higher, than they should keep pouring into SD as we saw this week.

You see that massive purchase at the end of the day?

150,000 shares.

$3,700,000 worth!