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The Water Cooler
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SandRidge Energy. .Okc
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<blockquote data-quote="Peace_Maker" data-source="post: 2780970" data-attributes="member: 2164"><p>I lost a few hundred bucks betting on SD. Bought in at 1.78 after they climbed back from the low 1.00s. Then they sunk, I think I dropped out at .70. SD pisses me off because despite the debt and the mess they are in, they still find a few million to pay dividends to preferred stock holders. I don't see anyone buying them, they are going to try to gut it out with the borrowed money hoping they can cling to life until the market comes back. I will say they are trying, they have lowered rig cost some $200k per rig. They would be fine if they did not have so much debt hanging over them. Personally I'm 50/50 on whether they will survive or go bankrupt.</p></blockquote><p></p>
[QUOTE="Peace_Maker, post: 2780970, member: 2164"] I lost a few hundred bucks betting on SD. Bought in at 1.78 after they climbed back from the low 1.00s. Then they sunk, I think I dropped out at .70. SD pisses me off because despite the debt and the mess they are in, they still find a few million to pay dividends to preferred stock holders. I don't see anyone buying them, they are going to try to gut it out with the borrowed money hoping they can cling to life until the market comes back. I will say they are trying, they have lowered rig cost some $200k per rig. They would be fine if they did not have so much debt hanging over them. Personally I'm 50/50 on whether they will survive or go bankrupt. [/QUOTE]
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