TPG-Axon won its bid to overhaul SandRidge Energy Inc. (NYSE:SD)‘s board of directors; however, the company continues to fall, currently sitting around 52-week lows.
With the stock trading below $5 per share, SandRidge Energy Inc. (NYSE:SD) presents an attractive value proposition. With 1.85 million net acres in the Mississippian Lime, in addition to 32 thousand barrels of oil equivalent per day production in the Gulf of Mexico, SandRidge Energy Inc. (NYSE:SD) is trading significantly below its net asset value. In addition, the company has its capital expenditures covered for the next year after unloading interests in the Permian Basin for $2.6 billion. Check out the video below for more information on SandRidge Energy Inc. (NYSE:SD).
Joel South owns shares of SandRidge Energy. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy.
Related tickers: SandRidge Energy (NYSE:SD)