Takeaway From SandRidge Q1 Earnings
In this video, Motley Fool energy analysts Joel South and Taylor Muckerman discuss some takeaways they saw come out of SandRidge's Q1 earnings report. The company beat estimates, but the real story here is how SandRidge will be looking to cut capital expenditure costs by reducing its total number of rigs, a move that will bring about slowing growth rates. Joel tells investors what to expect from SandRidge this year, and what the pluses and minuses are for the company's capex pullback.
Investors were startled after SandRidge plummeted when natural gas prices reached 10-year lows, but with the company focusing on growing liquids production, the future looks optimistic. If you're unsure about the future of this emerging oil and gas junior and are looking to find out more about its strengths and weaknesses, then check out The Motley Fool's premium research report detailing SandRidge's game plan and what to expect from the company going forward. To get started, simply click here now!
The article Takeaway From SandRidge Q1 Earnings originally appeared on Fool.com.Joel South owns shares of SandRidge Energy. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has options on Chesapeake Energy. 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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