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SandRidge Energy Inc. (SD) Is Climbing After Permain Asset Sale

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SandRidge Energy Inc. (SD: Quote) announced after the bell Wednesday that it has signed a definitive agreement to sell its Permian Basin properties to Sheridan Production Partners II for $2.6 billion in cash. The stock is now up 0.42 on 823K shares.

SandRidge Energy traded in a range for the majority of Wednesday's session and closed up by 0.02 at $6.50. The stock closed testing its 50-day moving average.

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by RTT Staff Writer

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