Recently Upgraded Good Stock To Buy Now SandRidge Energy Inc. (NYSE: SD) announced its agreement to go offshore with a whopping $1.275 billion purchase of Dynamic Offshore Resources, LLC. The agreement details that approximately $680 million in cash and approximately 74 million shares of SD common stock valued at $8.02 per share will comprise the $1.275 billion.
SD closing price today was $7.83, up 0.64% (+0.05).
SD traded volume of 12,265,342.
SD is trading:
- $-0.34 below its 20 day moving average,
- $-0.14 below its 10 day moving average and
- $-0.14 below its 5 day moving average.
SD is up 38.10% since our October 5, 2011 alert.
SD has a Market Cap of $3.13B with an $11.00 1y Target Price.
SD shares dropped 10.7% to $6.99 after the market close, when the deal was announced.
Oklahoma City-based SandRidge has traditionally focused drilling onshore basins. But higher production costs amid blistering demand for U.S. onshore fields, paired with declining interest in the Gulf of Mexico following the Deepwater Horizon disaster, have made offshore properties like Dynamic’s a bargain.
At the end of last year, Dynamic’s proven reserves are valued at about $1.90B.
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
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- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
- Always take your profits whenever you can. Do Not Be Greedy.
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- Do something to make someone else’s life better today.
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