SandRidge Punished After Chesapeake Sells Assets
Shares of SandRidge are down sharply today after Chesapeake Energy sold off its Mississippian assets for less than analysts had expected: $1.02 billion for 425 thousand acres, or $2,400 per acre. SandRidge is now largely levered to the Mississippian after selling off its Permian assets and concentrating in the Mississippian region. In this video, Motley Fool energy analyst Joel South tells investors why this deal may have spooked SandRidge investors a bit too far, why the company may now be oversold on this market reaction, and why now may be a good time to buy.
With fourth-quarter earnings being released later this week, and activist shareholder TPG-Axon trying to reshuffle SandRidge's board of directors, now would be a good time to learn more about the future of this emerging oil and gas junior. To find out more about the company's strengths and weaknesses, you should view this brand-new premium report detailing SandRidge's game plan, and find out what to expect from the company going forward. To get started -- click here!
The article SandRidge Punished After Chesapeake Sells Assets originally appeared on Fool.com.Joel South owns shares of SandRidge Energy. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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