Top 10 Quality Stocks To Invest In Right Now

Top 10 Quality Stocks To Invest In Right Now: SandRidge Mississippian Trust I (SDT)

SandRidge Mississippian Trust I (The Trust) is a statutory trust. The Trust was created to acquire and hold the Royalty Interests for the benefit of Trust unitholders. SandRidge conveyed to the Trust the Royalty Interests in specified oil and natural gas properties in the Mississippian formation in Alfalfa, Garfield, Grant, Major and Woods counties in Oklahoma (the Underlying Properties). These Royalty Interests were derived from SandRidges interests in a 36 wells and the equivalent of 123 horizontal development wells to be drilled in the Mississippian formation (Trust Development Wells) within an area of mutual interest (AMI), consisting of approximately 49,600 gross acres (42,000 net acres) in the counties where the Underlying Properties are located.

Effective January 1, 2011, the Royalty Interests entitle the Trust to receive 90% of the proceeds from the sale of oil and natural gas production attributable to its net revenue interest in the Initial Wells and 50% of the proceeds from the sale of oil and natural gas production attributable to SandRidges net revenue interest in the Trust Development Wells. As of December 31, 2011, the Trusts properties consisted of Royalty Interests in the Initial Wells, 48 wells (equivalent to approximately 53 Trust Development Wells under the development agreement) and the equivalent of approximately 70 Trust Development Wells to be drilled in the Mississippian formation.

Advisors' Opinion:

• [By Matt DiLallo]

  SandRidge Mississippian Trust I (NYSE: SDT  ) and Trust II (NYSE: SDR  )
  These trusts were created by SandRidge Energy (NYSE: SD  ) , with the first Mississippian Trust formed in 2010 and the second formed one year later. Both trusts own royalty interests in oil and gas properties targeting the Mississippian formation and have future upside as SandRidge drills wells as part of the areas ! of mutual interest.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-10-quality-stocks-to-invest-in-right-now.html