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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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.