SandRidge Energy Slammed By Higher Spending For No Good Reason
The company is an oil and natural gas exploration and production company focused on the Mississippian, Permian Basin, and now Gulf of Mexico.
The market is very focused on reduced spending in the domestic natural gas sector that any added spending is seen as negative. Though natural gas still struggles around $3, the market is missing that oil remains strong. Why wouldn't an oil exploration company attempt to produce more oil at these prices?
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