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The Water Cooler
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Oil Price Per BBL
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<blockquote data-quote="1krr" data-source="post: 2678157" data-attributes="member: 750"><p>I bought a few hundred shares of SD at 2 hoping to catch a pop in the next month or two. It might go from 3-5 if it doesn't go to 0. Not long after that will be bankruptcy. You start hearing about a spinoff of midstream or other non-E&P functions, you will see them saddle their new company with their bad debt, come out as "new sandridge" then drop the staff and sell themselves with a clean sheet. If it hold without bankruptcy, you might make some cash on the buy out. But they will likely leave that to the spinoff. So what I did is buy SD long after shorting it and I'm hoping for a 4 dollar stock by next march. Double short, double long, and put up an sd shaped solar array and I"ll feel like if just for a fleeting second, the world has balanced.</p></blockquote><p></p>
[QUOTE="1krr, post: 2678157, member: 750"] I bought a few hundred shares of SD at 2 hoping to catch a pop in the next month or two. It might go from 3-5 if it doesn't go to 0. Not long after that will be bankruptcy. You start hearing about a spinoff of midstream or other non-E&P functions, you will see them saddle their new company with their bad debt, come out as "new sandridge" then drop the staff and sell themselves with a clean sheet. If it hold without bankruptcy, you might make some cash on the buy out. But they will likely leave that to the spinoff. So what I did is buy SD long after shorting it and I'm hoping for a 4 dollar stock by next march. Double short, double long, and put up an sd shaped solar array and I"ll feel like if just for a fleeting second, the world has balanced. [/QUOTE]
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