The Sandridges Analyzed, Halliburton Partners with Dialog: Energy Biz Wrap

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Some Oppenheimer analysts are recommending the current weakness in SandRidge Permian Trust (NYSE: PER) as a buying opportunity, on their confidence in Permian assets, while at the same time they are less secure with SandRidge Mississippian Trust (NYSE: SDT). Analyst Daniel Katzenberg commented that “The SandRidge Royalty Trusts have been the worst performers under our coverage, as they have had not only the same tax concerns, but also multiple issues at the parent-company level including an activist investor calling for the ouster of Chief Executive Tom Ward.” Katzenberg added that “Although we think this is unlikely, the uncertainly creates unwanted headline risk. Additionally, SandRidge Energy (NYSE: SD) announced plans to divest its Permian acreage, which although it would not impact SandRidge Permian, does create additional questions.”

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

Malaysia’s Dialog Group reaches an agreement with Halliburton International (NYSE:HAL) for a $1.2 billion contract which is targeted at pushing oil production from a mature field in East Malaysia, by increasing recoverable reserves in the Bayan Field, lying offshore Sarawak. A spokesperson for Dialog said to the Malaysian stock exchange that, “This is in line with Dialog’s strategy to continue developing its upstream capabilities, which include the rejuvenation and re-development of mature oil fields.”

Don’t Miss: GE Gets Eco-Friendly.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business