SandRidge (SD) Turns Bigger Wells And Bigger Dividends Into Real Cash
SandRidge Energy (SD) reported Q2 revenue of $51.1M, up 48% YoY, with production at 19.7 MBoe/day. The company declared a $0.13/share dividend, has no debt, and $114.7M in cash. Growth is driven by a one-rig drilling program, but natural gas price declines pose risks. The pending Cherokee acquisition may add 7,000 net acres and 21 wells.



