September 19, 2012
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.
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