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.
