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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Hannoverian who wrote (182115)	1/7/2014 9:51:09 PM
From: Jim P.	Respond to of 206184

The market did not like it when SD bought the asset and now the market does not like the sale. : ) I like the refocus on the Mississippi Lime acreage even if they over paid for the Gulf assets. If SD can stay focused for a few years and the price of oil does not drop significantly then there might be some good value in the company. Still a lot of risk but I have recently started a position in SD after having been watching for a while. Another company I follow over paid for an asset a few years ago. I wish they would sell it and reinvest in higher return projects. I would expect SD to have calculated the same way. If not then SD is under more cash flow pressure than they are letting on. jim