In the following video, Motley Fool energy analyst Joel South takes a look at the nauseating drops in SandRidge's (UNKNOWN:SD.DL) share price this month. SandRidge is heavily levered to the Mississippian Shale after selling its Permian Basin assets last quarter. It started down in February after SandRidge Mississippian Trust I (NYSE:SDT) and SandRidge Mississippian Trust II (NYSE:SDR) missed distribution targets as wells continued to produce increased natural gas levels. And with natural gas prices remaining so low, natural gas plays just aren't producing the margins that the oil plays are producing at the moment. Joel also discusses why a recent sale of 425,000 acres in the Mississippian by Chesapeake Energy (NYSE:CHK) hurt SandRidge even further, and he breaks down SandRidge's guidance for the coming year.
Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage. Follow @tmfenergy