SandRidge Energy Updates FY24 Capital Expenditures From $8M-$11M To $33M-$39M
Portfolio Pulse from Benzinga Newsdesk
SandRidge Energy has significantly increased its capital expenditure forecast for FY24 from an initial range of $8M-$11M to a new range of $33M-$39M.
September 03, 2024 | 12:41 pm
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SandRidge Energy has revised its FY24 capital expenditure forecast upwards from $8M-$11M to $33M-$39M, indicating a potential increase in investment activities.
The significant increase in capital expenditure suggests that SandRidge Energy is planning to invest more in its operations, which could lead to growth and potentially higher revenues. This is likely to be viewed positively by investors, leading to a short-term increase in stock price.
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