SandRidge Energy Inc

SD remains in a medium-term downtrend as evidenced by successive lower highs and lower lows. Price is trading below declining EMAs with muted volume on bounces. Short-term timing is neutral, suggesting waiting for rally into the 9/20 EMA area for execution. Oversold extreme conditions warn of a potential countertrend bounce, but structural risk persists. We plan to trim on a rally into the EMAs at the upper resistance zone.

• ↑Q2 2026 revenue $51M (+48% YoY); net income $27M, EPS $0.72
• ↑FCF of $30M guided for H2 2026; capex $76–97M; zero debt
• ↓Natural gas price declines widen regional differentials, pressuring revenue