What's in Store for SandRidge Energy?

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In today's edition, Paul and Matt discuss SandRidge Energy, one of the biggest oil production growth stories in recent years. Guided by its three-year plan, SandRidge has goals to reach EBITDA of $2 billion, double oil production, self-fund capital expenditures by the end of 2014, and improve credit metrics.  

So far, drilling success and the recent acquisition of Dynamic Offshore have led to updated guidance that includes 41% overall growth in 2012 and 54% oil production growth. This has also improved the leverage ratio, which stood as high as 4.5 recently, down to 2.9. As long as oil prices hold up, SandRidge should continue posting strong results in the future.

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The article What's in Store for SandRidge Energy? originally appeared on Fool.com.

Matthew Argersinger has no positions in the stocks mentioned above. Paul Chi has the options on SandRidge Energy. The Motley Fool owns shares of Sandridge Mississippian Trust II. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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