New Era Dawns for SandRidge Energy Inc. (SD)

That’s an important thing for investors to remember, especially in light of the fact that Chesapeake Energy Corporation (NYSE:CHK), for example, still has a multi-billion-dollar hole in this year’s drilling budget. SandRidge Energy Inc. (NYSE:SD), with Bennett as CFO, made the tough choice to sell its Permian Basin assets at a time when those assets were at a premium in order to shore up its balance sheet. It’s a move that could pay off in the future as SandRidge Energy Inc. (NYSE:SD) executes on its Mississippian-focused drilling program.

For investors who are either holding SandRidge Energy Inc. (NYSE:SD) or considering its stock, the company really is in a great position these days. Its financial metrics are improving, the company is growing its oil production in the Mississippian Lime and the focus of the company will no longer be on Ward’s pay packages. With a cheap stock and a long runway of growth, SandRidge Energy Inc. (NYSE:SD)’s future has never looked brighter.

The article A New Era Dawns for SandRidge Energy originally appeared on Fool.com.

Fool contributor Matt DiLallo owns shares of SandRidge Energy and has the following options: Short Sep 2013 $5 Puts on SandRidge Energy Inc. (NYSE:SD). 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 Corporation (NYSE:CHK).

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.