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SandRidge Energy Inc
Company Overview: SandRidge Energy, Inc. (NYSE: SD) is an independent oil and natural gas company that is focused on the acquisition and development of oil and gas properties. The Company’s primary areas of operation are the Mid-Continent region in Oklahoma and Kansas. The Company holds interests in over 1,471 gross producing wells, approximately 992 of which it operates, and approximately 551,000 gross total acres under lease located primarily in Oklahoma and Kansas. Its productive wells consist of wells that are producing hydrocarbons.
As per our previous US Daily report published on ‘SD’ on 14th December 2023, Kalkine provided a ‘Speculative Buy’ stance on the stock at USD 13.66 based on “price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis” and the stock price has now moved by ~9.81% since then and the price has crossed resistance 1.
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