Long Position on SD @ $15.00 on 3/10/2022 (Fundamentals)

SandRidge Energy, Inc. (SD) engages in the acquisition, development, and production of oil and natural gas primarily in the United States Mid-Continent. 

As of December 31, 2020, it holds interest in approximately 380,000 net leasehold acres in Oklahoma and Kansas, as well as total proved developed reserves of 33.4 million barrels of oil equivalent.

The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma. 

Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.

Entry Point: $15.00

Trading Range: $3.50 - $16.88

Stop Loss: $14:00

Target Price: $16.50

Position closed on 3/11/2022 at price of $16.55 with a 10.33% gain in 1 days.

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