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SandRidge Energy (SD) Has Dropped To A New Low After Ending Strategic Review

SandRidge Energy Inc. (SD) announced Tuesday morning that it has ended its formal strategic review process. The company considered multiple transactions, but concluded that they undervalued the company.

SandRidge Energy gapped open sharply lower this morning and is now down 1.75 at $12.55 on above average volume. The stock has dropped to a new low for the year.

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