In this video, energy analyst Joel South discusses SandRidge Energy (NYSE: SD) and explains why the company is still worth purchasing after its 20% run up this past week. Besides two of the company's largest shareholders actively lobbying for an outright sale, shareholders could also realize solid capital gains if SandRidge strategically deployed its capital. With a net asset value of $16 billion and currently trading at 1.3 times book value, SandRidge still offers shareholders an incredible value. If you have the stomach to brave the inherent volatility in this small-cap E&P, don't be afraid to pull the trigger after this week's gains.
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Is SandRidge Energy Still a Buy?
Shares of Sandridge are up over 20% in the past five days, but the stock is still significantly undervalued. Here's why.
Joel South owns shares of SandRidge Energy. The Motley Fool owns shares of Apache. We Fools may not 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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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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