SandRidge Mississippian Trust II IPO Advisory
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Company |
Symbol |
Price Range |
Issue Price |
Open |
Shares |
Trade Date |
SandRidge Mississippian Trust II | SDR - |
$19.00-$21.00 |
$21.00 |
$21.80 | 26 million | 4/18/2012 |
Morgan Stanley, Raymond James, BofA Merrill Lynch, Citigroup, RBC Capital Markets, |
Co-Manager(s): UBS Investment Bank, Oppenheimer & Co. Wunderlich Securities, Sanders Morris Harris Inc., Stifel Nicolaus Weisel, Johnson Rice & Company L.L.C |
Energy |
Filing(s): Filed 2012-01-05 Terms Added 2012-04-05
|
For IPO Boutique's "scale of 1 to 5" BUY rating on SandRidge Mississippian Trust II, and our comprehensive analysis, click "Buy Market Research".
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SDR
About SandRidge Mississippian Trust II (adapted from SandRidge Mississippian Trust II prospectus):
They are a Delaware statutory trust formed in December 2011 to own overriding royalty interests to be conveyed to the trust by SandRidge in 67 producing horizontal wells, including 13 wells currently awaiting completion , in the Mississippian formation in northern Oklahoma and southern Kansas, and overriding royalty interests in 206 horizontal development wells to be drilled in the Mississippian formation on properties within an Area of Mutual Interest.
This description is adapted from SandRidge prospectus. This description is not intended to be a recommendation to buy stock from this company. To see the company's full description, view their prospectus.
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