In this video, Joel South describes two things investors in SandRidge need to watch:
- Oil production from its Mississippian Lime play. SandRidge sold its Permian Basin assets to fund exploration in the Mississippian Lime and to reduce its debt load -- a gamble, but one that may pay off. Watch particularly for oil production, as initial wells have yielded more natural gas than originally expected.
- The battle between CEO Tom Ward and the board. Activist investors have forced the COO out of the company and seem intent on pushing Ward out as well. This squabble could be distracting or even expensive.
Joel South owns shares of SandRidge Energy. The Motley Fool has no position in any of the stocks mentioned. 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.