SandRidge: Auditors likely to raise concerns about future of company

SandRidge Energy believes that its auditors will raise concerns about the company’s ability to weather the current industry climate, according to Fuel Fix, citing SandRidge’s filings with the US Securities and Exchange Commission.

SandRidge made $50.1 million in interest payments near the end of its grace period, and has been considering strategic alternatives to curb its debt. The company is delaying filing its annual report in order to account for the results of these discussions.

SandRidge has $3.9 billion in debt, and, in 2015, wrote down $4.5 billion in assets.

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