Sandridge Energy Inc (NYSE:SD)
CAPS Rating:
The company engages in the exploration, development, and production of oil and gas properties.
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The company engages in the exploration, development, and production of oil and gas properties.
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So, Sandridge is run by a reckless, overcompensated "riverboat gambler" who treats the company like his own private playground. Tom Ward's actions have depressed the stock price. He has, however, made some very good moves in purchasing assets for Sandridge in the past. This stock is a pure gamble - if oil prices remain stable or increase, the stock will go up. On a pure exploration play, if you feel lucky, this is the stock for you. If not, well....