In this video, Joel South highlights three reasons to worry about SandRidge Energy.

  • Numerous shifts in its business strategy that later forced it to sell assets to pay off debt. If production from its Mississippian Lime play doesn't produce needed revenues, SandRidge may need to sell more assets. 
  • Speaking of the Mississippian Lime, it's had more natural gas than originally expected, and even though natural gas prices have come off their lows, the real revenue drivers are oil and liquids, and these may not deliver as needed.
  • CEO Tom Ward is in the crosshairs of the board and activist shareholders. Will Ward go? If so, how expensive will his departure be?

Check out the video for more details.