SandRidge Energy Inc. (SD; $5.73--Jan. 7; Neutral; PT: $7.00) GoM sale refocuses Mid-Cont portfolio, increases sustainable growth rate. We view the GoM sale as mixed with the more focused asset base and higher, internally funded growth rate as long-term strategic positives that largely offset unfavorable transaction multiples when compared to both current SD trading and asset purchase price. … Reserves and production were 57 MMBoe (51% crude) and 23.5 Mboe/d (52% crude), respectively, resulting in......
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