Top 10 Diversified Bank Stocks For 2015

Top 10 Diversified Bank Stocks For 2015: Sandridge Energy Inc.(SD)

SandRidge Energy, Inc., together with its subsidiaries, operates as an independent natural gas and oil company in the United States. The company engages in the exploration, development, and production of oil and gas properties. Its Exploration and Production segment explores for, develops, and produces natural gas and oil reserves with focus on the Mid-Continent and Permian Basin. This segment also operates leasehold positions in the West Texas Overthrust (WTO), Gulf Coast, and Gulf of Mexico. The company?s Drilling and Oil Field Services segment is involved in the contract drilling of oil and natural gas wells primarily in the west Texas region. This segment also offers oil field services, including providing pulling units, trucking, rental tools, location, and road construction and roustabout services. Its Midstream Gas Services segment engages in purchasing, gathering, treating, and selling natural gas in west Texas. As of December 31, 2011, its estimated proved reserv es were 470.6 million barrels of oil equivalent, of which approximately 52% were oil. The company also had interests in 5,043 gross producing wells, as well as in approximately 2,695,000 gross acres under lease. In addition, it had 21 rigs drilling in the Mid-Continent and 15 rigs drilling in the Permian Basin. SandRidge Energy, Inc. is headquartered in Oklahoma City, Oklahoma.

Advisors' Opinion:

• [By Matt DiLallo]

  In the Mississippi Lime, top driller SandRidge Energy (NYSE: SD  ) has already invested half a billion dollars on its own saltwater disposal system. The company has 116 active disposal wells and has laid 700 miles of pipeline. This has cut the percentage of produced water trucked from 6% early last year to under 2% by the second half. Overall, the system is saving the company $2 per barrel of water when compared with trucking it. This savings is yielding a very quick payback for SandRidge.

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• [By Tim Melvin]

  He started or added to 13 positions while reducing or eliminating 28 positions. Notable reductions include Bank of America (BAC) where he sold 41% of his shares, reduced his holdings of Citigroup (C) by 27% and reduced in his Sandridge Energy (SD) position by 58%. Some of his sales were arbitrage or takeover stakes, but he did a lot more selling than buying in the quarter. This is in line with the recent comments made by several noted investors that it is getting harder to find bargain stocks.

• [By Matt DiLallo]

  SandRidge Energy (NYSE: SD  )
  One thing I won't be watching for at SandRidge is any notion of a dividend. The oil and gas exploration company is in the midst of a major growth phase thanks to its prime position in the Mississippi Lime formation. It's already announced plans to spend more than $1.2 billion this year to further develop the play.

• [By Arjun Sreekumar]

  An eerily similar situation is playing out at SandRidge Energy (NYSE: SD  ) , which, interestingly, is captained by a Chesapeake co-founder, Tom Ward. As with Chesapeake, activist investors have pointed the blame at SandRidge's CEO, as well as the rest of its management team and its board of directors, whose recklessness, they argue, has kept the company's share price far below where it would be were a more disciplined management team to be installed.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-10-diversified-bank-stocks-for-2015-3.html