SandRidge Mississippian Trust II is a trust formed among and by SandRidge Energy, Inc. (SandRidge), as Trustor, The Bank of New York Mellon Trust Company, N.A., as Trustee, and The Corporation Trust Company, as Delaware Trustee. Co. holds the Royalty Interests in specified oil and natural gas properties located in the Mississippian formation in Alfalfa, Grant, Kay, Noble and Woods counties in northern Oklahoma and Barber, Comanche, Harper and Sumner counties in southern Kansas. The royalty interests conveyed by SandRidge from its interests in certain properties in the Mississippian formation in northern Oklahoma and southern Kansas and held by Co. is referred to as the Royalty Interests. We show 10 historical shares outstanding datapoints in our SDR shares outstanding history coverage, used to compute SDR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SDR market cap history over the course of time is important for investors
interested in comparing SDR's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SDR versus a peer is one thing; comparing
SDR market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SDR can fluctuate over the course of history.
With this page we aim to empower investors researching SDR by allowing them to research the SDR market cap history. |
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Video: The Importance of Market Cap
