Sandridge Energy Reverses Course After an Acquisition Blunder

So much for those offshore assets Sandridge Energy bought less than two years ago.

Jan 10, 2014 at 9:35AM

It only took Sandridge Energy (NYSE:SD) two years to realize that the assets it bought from Dynamic Offshore weren't exactly everything it was hoping those assets could be. So, the company has unloaded them on to a private company for $750 million. Unfortunately, they bought those assets for $1.2 billion two years ago. Just because the company offloaded these assets doesn't mean it was a bad idea. It gets it off the hook for some sizable asset retirement costs and gives the company some money to expand its drilling in its wheelhouse: the Mississippian Lime formation in Oklahoma and Texas. 

Tune into the video below to find out how this deal seems awfully similar to some of the moves made by Chesapeake Energy (NYSE:CHK), and what investors should watch for in Sandridge going forward.

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

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This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

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The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.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.

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