Author Topic: SD - SandRidge Energy  (Read 462455 times)

alertmeipp

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Re: SD - SandRidge Energy
« Reply #10 on: January 11, 2011, 06:33:13 PM »
I thought the goal was 500k. Can't blame him tho, the production #s look very impressive and 100%+ ROR is crazy. I wish I can invest directly there.


rijk

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Re: SD - SandRidge Energy
« Reply #11 on: February 04, 2011, 06:02:37 AM »
$5-6 million sign on bonus for the new CFO, or is this an annual allocation?
seems a bit rich but for sure, Mr Bennett has a vested interest, at least the coming 4 years.....

http://www.sec.gov/Archives/edgar/data/1349436/000134943611000105/xslF345X03/edgardoc.xml

Myth465

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Re: SD - SandRidge Energy
« Reply #12 on: February 04, 2011, 07:14:58 AM »
$5-6 million sign on bonus for the new CFO, or is this an annual allocation?
seems a bit rich but for sure, Mr Bennett has a vested interest, at least the coming 4 years.....

http://www.sec.gov/Archives/edgar/data/1349436/000134943611000105/xslF345X03/edgardoc.xml

When it comes to SD and CHK, I tend to ignore these things and think happy thoughts. Hopefully he brings that much value but ......

Whats more interesting is the number of rigs and how they plan to hold all that acreage they keep buying. I may buy more once I get my answer.

alertmeipp

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Re: SD - SandRidge Energy
« Reply #13 on: February 04, 2011, 08:35:27 AM »
i think the new play is going to be a home run. If it turns out to be anything close to Bakken; seriously, this will be FFH's home run as well.

Prem is wise to have this in his personal account - The Brick had a nice run too ... the only sick child is FBK ...

Myth465

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Re: SD - SandRidge Energy
« Reply #14 on: February 04, 2011, 09:14:17 AM »
i think the new play is going to be a home run. If it turns out to be anything close to Bakken; seriously, this will be FFH's home run as well.

Prem is wise to have this in his personal account - The Brick had a nice run too ... the only sick child is FBK ...

I agree and I think Ward will push it to 1 million acre (come on he used to work at CHK). One thing SD is good at is ramping up. When you look at what they did in the Pinion and consider that the stock price got as high as $60 based on increased drilling and nat gas prices. I believe they will do the same with oil, but will hedge the hell out of it this time going out 3-4 years. Then they will severely ramp up drilling.

These guys know how to drill wells. I am gitty like a school girl about this and 3-4 other ideas. It should be an interesting year. I want to double down with 2013 leaps, but just need a few more details about the plan. All should be answered by the next call (how many acres, how many can we hold, how many can you reasonablely sell into the trust platform, whats the plan for the rest, JV or sell or more rigs and unit sells.

---

FBK has a decent chance of being taken out.
ATPG should get a permit one of these days.
ESV has rigs coming online this year when everyone is ordering new rigs.
DO should have some conclusion to the gulf situation at some point.
SSW has new ships coming online and new capital for other projects.

Hopefully some of these work out sooner then later. I would like for FBK to be taken out or ATPG to get a permit. Then I can take some of that capital and put it back into SD. Feb should be a fun month. Though oil has had a nice run and I am sure will suffer a pretty big pullback. Hopefully ATPG and SD are hedging.

ALTIUS MINERALS CORP - Looks interesting as hell.

alertmeipp

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Re: SD - SandRidge Energy
« Reply #15 on: February 04, 2011, 09:47:20 AM »
OPTI's 2nd lien bond looks interesting to me as well.
MTM 1.7EV - if they files, the 2nd lien will likely become commons.... if they finally ramp up as it restructure.. will be very interesting play.

QLEAP

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Re: SD - SandRidge Energy
« Reply #16 on: February 07, 2011, 07:19:10 AM »

Myth465

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Re: SD - SandRidge Energy
« Reply #17 on: February 07, 2011, 07:54:48 AM »
Bumped to 750K acres, 11 rigs  and 274 Boe/d :)

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDEyNTc0fENoaWxkSUQ9NDIzNTA1fFR5cGU9MQ==&t=1


We are going to need more rigs than that. Today is an interesting day, news all around with several holdings. I cant wait to hear the audio.

Zorrofan

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Re: SD - SandRidge Energy
« Reply #18 on: February 07, 2011, 08:16:30 AM »
I am very happy with the recent moves Ward has made. It should be very interesting going forward to see what he does with all the extra acerage. I hope he holds on to it and either increases the size of the royalty trust or JV with another company. Oil, gas or both - he has now positioned the company for whatever lies ahead!

cheers
Zorro

bathtime

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Re: SD - SandRidge Energy
« Reply #19 on: February 07, 2011, 11:08:10 AM »
A local news story on SD presenting to the community:

http://news.mywebpal.com/news_tool_v2.cfm?show=localnews&pnpID=348&NewsID=994958&CategoryID=7227&on=1

"SandRidge has leases on more acreage than it can possibly drill in the length of the current lease, Kirtley emphasized Thursday, and said SandRidge will contract or otherwise involve outside companies or in the drilling process."