SandRidge Energy (NYSE: SD) has been on a tear this year. It's already up 18% to more than $7 per share, while the market as a whole is up just around 5%. Despite the surging share price I still think SandRidge Energy is worth buying today. It might not be as diversified as peers like Chesapeake Energy (OTC:CHKA.Q) or Devon Energy (NYSE:DVN), but it's just hitting its stride as investors are realizing how valuable the company can become in the future.
While I see a number of reasons to still be bullish on SandRidge Energy, three in particular stand out. First, the company has an actionable growth plan, second its land position is stacked with oily upside and finally, its asset base is still vastly undervalued. Add it all up, and there's still a lot to like about SandRidge Energy even at today's stock price.
To drill down even deeper into these three reasons I created the following slideshow. The presentation walks through each reason to remain bullish on SandRidge Energy as well as taking a brief look at the potential that even competitors like Chesapeake Energy and Devon Energy see in its core operating areas.