Boston, MA 04/22/2014 (wallstreetpr) – SandRidge Energy Inc. (NYSE:SD) has had a great start this year by having a profitable first quarter. SandRidge is no more taking it slow and moving in a fast pace towards success and growth. In fact, this company hit a one-year high yesterday and is all set to bag in some more profits and then some more. This is SandRidge’s first major comeback after its great downfall in the year 2008.
It’s good to see the company up and running after such a great setback, which never seemed to have completely washed out until now. The reasons behind this great start for SandRidge Energy Inc. (NYSE:SD) are yet to be ascertained, but they surely have something to do with the new Chief Executive Officer of the company. Since his entry into the game, SandRidge has shown good and respectable results in the last three quarters.
One-Year High
With the joining of a new Chief Executive Officer, namely, James Bennett SandRidge has been seen rising from its ashes after the 2008 nightmare. SandRidge has shown promising results with the stocks hitting high and bringing in profits for the company. Yesterday, more than12.5 million shares of SandRidge have been reported to switch hands. If we compare the earnings from the same quarter of the last year, we’ll see that SandRidge has shown drastic improvements this year. The earnings show that SandRidge has outperformed itself and exceeded expectations of all.
Taking SandRidge Towards Development
The Chief Executive Officer of SandRidge has been keeping the aim on increasing the pace of development of the company in drilling locations. Recent earnings have shown that whatever it is that the current CEO of SandRidge is doing is bringing good news for the business of the company. So as long as that continues Bennett’s plans will always get thumbs up from SandRidge Energy Inc. (NYSE:SD).
