SandRidge Energy Inc

Talos Energy, an exploration and production company involved in offshore drilling, was the weakest upstream stock in the week ending September 21.

Smithwood Advisers was among the hedge funds that sold their stakes in SandRidge Energy in 1Q15. Hancock Holding was one of the firms that sold stakes in Vaalco Energy.

As of the first quarter, Sandridge Energy’s (SD) EV-to-adjusted EBITDA ratio was ~2.77x. The company has a market capitalization of $529.83 million.

SandRidge Energy (SD) was the weakest upstream stock in the week ending September 14. SandRidge Energy fell 22.7% last week.

SandRidge Energy was the weakest E&P company in the week ending August 31. SandRidge Energy fell 4.5% last week amid weakness in natural gas prices.

Monsanto received USDA recommendations for deregulation for both Roundup Ready Xtend soybeans and Bollgard II XtendFlex cotton.

TPG-Axon Capital Management LP (or TAC) is a privately owned $4 billion hedge fund firm founded by Dinakar Singh in February 2005.

PVAC fell 16.3% last week amid weakness in crude oil and natural gas prices.

Tellurian stock has risen 25.4% YoY (year-over-year), Energen stock has risen 25.3% YoY, and Centennial stock has risen 24% YoY.

Ring Energy’s leverage ratio as of the first quarter was ~1.09x. The company’s assets are mainly financed by equity.

Stock performance In this final part of our series, we’ll discuss Stone Energy’s (SGY), Sandridge Energy’s (SD), Murphy Oil’s (MUR), QEP Resources’ (QEP), and Southwestern Energy’s (SWN) stock performance. As we saw in the previous part, these companies had the lowest last-12-month EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratios as […]

Top five upstream stocks by valuation In this part, we’ll compare stocks’ adjusted EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratios. Enterprise value is the sum of a company’s market capitalization and debt, minus cash and cash equivalents. A low EV-to-EBITDA ratio indicates that a company may be undervalued. Let’s look at the five […]

Stock performance In this part, we’ll compare Ring Energy’s (REI), Centennial Resource Development’s (CDEV), Sandridge Energy’s (SD), Jagged Peak Energy’s (JAG), and Callon Petroleum’s (CPE) stock performance. As we discussed in Part 7, these companies had the lowest last-12-month leverage ratios. Outliers and underperformers Ring Energy (REI) has outperformed peers significantly, rising ~39% YoY (year-over-year). Meanwhile, Centennial […]

The five upstream with the lowest leverage In this part, we’ll look at the five upstream companies with the lowest leverage based on asset-to-equity ratios. A high asset-to-equity ratio indicates that debt is financing a larger portion of a company’s assets. The industry average ratio is 2.2x. The five upstream companies with the lowest LTM (last-12-month) leverage are Ring Energy […]

Government data showed that natural gas inventories increased by 99 billion cubic feet to 2,767 Bcf for the week ended July 10, 2015.

For the week ended July 10, 2015, the EIA will publish its weekly natural gas in storage report on July 16.

On July 16, the EIA will release the weekly natural gas report for the week ending July 10. Natural gas inventories rose by 91 Bcf for the week ending July 3.

The EIA released its weekly natural gas report on July 9. It showed that natural gas stocks rose by 91 Bcf to 2,668 Bcf for the week ending July 3, 2015.

A rise in inventories for the week ending July 3 would mean that natural gas stocks rose for 14 consecutive weeks. The puts pressure on natural gas prices.

SandRidge’s proved resources for 2014 rose 37% to 516 MMBOE (million barrels of oil equivalent). They were estimated to be $5.5 billion.

The US rig count fell by 40% compared to a year ago, but 9.6 million bpd were still pumped in the United States, the highest since 1970. Hedging by oil companies has helped.

Natural gas prices broke above the key level of $2.80 MMBtu on May 8. Prices could continue the momentum and hit the resistance of $2.90 per MMBtu.

The markets will determine whether the bulls or bears win in today’s trade. However, the long-term trend for natural gas is bearish.

Crude oil prices have declined substantially since Freeport acquired its oil and gas production assets. Freeport produced 12.4 MMBOE in 1Q15, down 22% YoY.

Apache (APA) announced it will slash its rig counts from 91 rigs operated in the third quarter to 27 rigs by the end of February.

SandRidge is expanding its low-cost multilateral program and is successfully extending its mid-continent resource base with Chester and Woodford production.