Tuesday, December 31, 2013
Following Lee Cooperman Into SandRidge Energy Could Be Rewarding
Anytime a legendary investor pounds the table that a stock is worth double its price, investors ought to take the time to review the prospects. In this case, Lee Cooperman of Omega Advisors continues to be bullish on the reorganization progress at SandRidge Energy (NYSE: SD ) . With the stock trading in the $6 range, Cooperman recently repeated claims that his analysis values the company at over $10.
SandRidge Energy is an oil and natural gas exploration and production company focused on the Mississippian formation in Oklahoma along with Gulf of Mexico and West Texas assets. The stock has long struggled due to Wall Street's lack of understanding of the deal made by the previous CEO Tom Ward.
Read the full article here.
Disclosure: No position mentioned. Please review the disclaimer page for more details.