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Friday, December 23, 2011

Looking at the Sandridge Billion Dollar JV

I wrote the following article and will likely write some more after I listen to the conference call discussing the Sandridge JV.

http://seekingalpha.com/article/315776-crunching-some-numbers-on-the-billion-dollar-sandridge-joint-venture

The amount of value created in these Mississippian plays is rather staggering.  $350 million invested, $1.8 billion returned through JVs and trusts, and Sandridge still holds 75% of the acreage.

Very Chesapeakian, with a similar discount in the stock price because of the balance sheet

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