SandRidge (SD) to Sell Permian Basin Assets in $2.6B Deal

Go back to SandRidge (SD) to Sell Permian Basin Assets in $2.6B Deal

KeyBanc Downgrades SandRidge Energy (SD) to Hold

December 20, 2012 8:21 AM EST

KeyBanc downgraded SandRidge Energy (NYSE: SD) from Buy to Hold after the company agreed to sell its Permian basin assets.

The firm comments, "In a general sense, we view the move to sell an oily conventional asset into a very receptive marketplace... More