SandRidge Energy Inc. (SD): Another Step Forward in Its Turnaround

The fact that SandRidge is selling company-owned aircraft is a positive step in reducing costs as well as cashing in on a non-core asset. However, it doesn’t appear that the company will stop there. It’s very likely that investors will see a number of future asset sales as the company pares down in order to live within its capital constraints. This could include its Gulf of Mexico operations, its Mississippian electrical and saltwater disposal infrastructure or the shares it still owns of its three royalty trusts.

The next few months will be critical for the future of SandRidge Energy Inc. (NYSE:SD) Energy. Once investors have some clarity on Tom Ward’s future, as well as what assets the company plans to hold, it should provide a catalyst for the company’s shares. SandRidge remains one of the more intriguing stories in the energy industry, and one worth a closer look.

The article Another Step Forward in SandRidge’s Turnaround originally appeared on Fool.com is written by Matt DiLallo.

Fool contributor Matt DiLallo has no position in any stocks mentioned. The Motley Fool recommends Chevron. 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.

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