18 March 2013, 23:10
DavidReedSandRidge Energy
Does anyone here have a position in SandRidge Energy (SD)? If so I have a question or two so shoot me a pm.
19 March 2013, 09:07
GatogordoI don't see the need for a pm in this case. I've been in and out of SD for years, currently am down to 25K shares.
I don't know anything that is not public info but we can talk about SD if you want to.
02 April 2013, 05:08
DavidReedGatogordo,
Thanks for the reply and sorry for my delayed response as I was in middle of know where Texas for the last week or so..
Anyway, I'll send you a pm with the exact nature of my query.
05 April 2013, 04:01
KenscoJim Cramer on Mad Money backed away from Sandridge Energy today and pointed the caller to Magnum Hunter. (I don't have any history with either company.)
I personally stay a little clear of oil companies even though the oil industry was my profession. I got burned by small production company investments in the last big bust in the mid-80s. If it is not a "major", I don't go near it.
My only current oil/gas holding is BP, based more on the damage inflicted on the company by the Macondo blowout, and my belief that BP could ultimately recover from it.
All I would suggest is that you stay nimble. When the boom ends, and it will, the depth of the bust can take your breath away.
Having said that I am heavy in other areas of the industry; offshore drillers, pipelines, and energy service. There is good money to be made.
18 August 2013, 03:12
Beretta682EAnyone here follow sandridge's permian trust - PER ?
If so and what to chat please pm me.
Thanks,
Mike