DALLAS, April 28, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring SandRidge Energy Inc. (NYSE:SD). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/SD
SandRidge Energy Inc. is an independent natural gas and oil company concentrating on exploration, development and production activities. The Company owns related gas gathering and treating facilities, a gas marketing business and an oil field services business, including its drilling rig business, Lariat Services Inc. The Company also captures and transports CO2 to the Permian Basin for use in tertiary oil recovery operations, as well as operates interests in the Mid-Continent, the Cotton Valley Trend in East Texas, the Gulf Coast, and the Gulf of Mexico.
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In the report, the analyst notes:
"The Company reported a net loss applicable to common stockholders for 2009 of $1.78 billion due to non-cash full cost ceiling impairments on its natural gas and oil properties totaling $1.7 billion during 2009 ($1.3 billion at March 31, 2009 and $0.4 billion at December 31, 2009) and price-related declines in natural gas and oil revenues.
"SD recently announced that it has extended the maturity of its credit facility as part of the Company's 2010 financial plan. The amendment and restatement of the $1.75 billion senior credit facility extends the maturity date to April 15, 2014, from November 21, 2011, and affirms the borrowing base at $850 million. Bank of America, N.A. acts as the Administrative Agent and is joined on the lead bank level by: Barclays Bank PLC, The Royal Bank of Canada, The Royal Bank of Scotland plc, Union Bank of California, N.A. and Wells Fargo Bank, N.A."
To read the entire report visit: www.microstockprofit.com/ads/SD
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