August 4, 2012
In today’s edition, Paul and Matt discuss SandRidge Energy, one of the biggest oil production growth stories in recent years. Guided by its three-year plan, SandRidge has goals to reach EBITDA of $2 billion, double oil production, self-fund capital expenditures by the end of 2014, and improve credit metrics.
So far, drilling success and the recent acquisition of Dynamic Offshore have led to updated guidance that includes 41% overall growth in 2012 and 54% oil production growth. This has also improved the leverage ratio, which stood as high as 4.5 recently, down to 2.9. As long as oil prices hold up, SandRidge should continue posting strong results in the future.
Profiting from our increasingly global economy can be as easy as investing in your own backyard. Our free report "3 American Companies Set to Dominate the World" shows you how. Click here to get your free copy before it's gone.