Is SandRidge's Funding Gap Shored Up?

In today's edition, Paul and Matt discuss SandRidge Energy, one of the biggest oil growth stories in recent years. SandRidge is guided by an aggressive three-year plan aimed at tripling EBITDA, doubling oil production, and improving its debt metrics.

Recently, the company acquired Dynamic Offshore, which gave it access to offshore production at a cheap purchase price. That transaction was significant because the cheap production was accretive to its three-year plan and also gave it the ability to take on more debt without ruining its debt metrics. Last month, the company then announced a $1.1 billion senior notes offering aimed at further bridging its funding gap. Watch the video for the full details.

If you're interested in some of these dividends on your quest for high-yielding stocks, The Motley Fool has compiled a special free report outlining our nine top dependable dividend-paying stocks. It's called  "Secure Your Future With 9 Rock-Solid Dividend Stocks." You can access your complimentary copy today at no cost! Just click here to discover the winners we've picked.

Matthew Argersinger has no positions in the stocks mentioned above. Paul Chi has options on SandRidge Energy. The Motley Fool owns shares of SandRidge Mississippian Trust II. 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.


Read/Post Comments (0) | Recommend This Article (6)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2024005, ~/Articles/ArticleHandler.aspx, 7/25/2014 2:47:14 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement