SandRidge Gains Some Major Ground
SandRidge Energyis up about 19% over the past three months because of increased oil prices, and if sustained, this could be huge for the company. The more cash it's able to generate from traditional, less-dense plays in the Permian Basin, the faster it'll be able to move forward in harvesting Mississippian lime assets. SandRidge's three-year plan is to decrease debt, gain double-digit oil production growth, and increase annual EBITDA to more than $2 billion. If successful, the company will be positioned to take advantage of the Mississippian play as a first-mover. In the preceding video, Fool.com analyst Joel South covers the full story, including SandRidge's progress on its three-year plan and his analysis of the company's core competencies as compared with the competition.
SandRidge is a cheaply valued company in an industry ready to surge higher, which is why Joel has written an in-depth premium research report detailing the company's ambitious three-year plan to profitability and what to expect from them going forward. If you're looking to find out more about SandRidge's strengths and weaknesses or are unsure about the future of this emerging oil and gas junior, then this report should be considered a must-read. In addition, you'll also receive a year's worth of continued updates and guidance, straight from Joel, as key news develops. Click here now to access your copy today.
The article SandRidge Gains Some Major Ground originally appeared on Fool.com.Joel South and Taylor Muckerman have no positions in the stocks mentioned above. The Motley Fool has options on Chesapeake Energy. Motley Fool newsletter services recommend Range Resources. 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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