Bought some of this last week, Sandridge went public April 2011,currently yielding over 12%, they own royalty interests in 37 horizontal wells producing oil and gas and a 50% stake in 123 additional wells to be drilled by 2014, with a one yr. extension possible. All wells are in Oklahoma, the trusts structure ensures a reliable income stream in the early years and the potential for upside after 2015. Sandridge Energy retains 3.75 million shares and also 7 million subordinated shares with incentives to exceed their targeted drilling amounts. Between now and 2016 the trust could dispurse between $16 & $19 in distributions per unit. Closed friday @ 26.75 up .34
11-19-2011, 01:46 PM
Sandridge Mississippi Trust (SDT)
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