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Sanchez Production Partners is focused on the acquisition, development, ownership and operation of midstream and other energy producing assets. Co. operates in two segments: midstream business, which includes the Catarina gathering system; and exploration and production business, which includes oil and natural gas reserves in the Eagle Ford Shale in South Texas and in other areas of Texas and Louisiana, as well as properties in the Mid-Continent region. As of Dec 31 2016, Co. had total proved reserves of 6.9 million barrels of oil equivalent, consisting of 3.5 million barrels of oil, 14.6 billion cubic feet of natural gas, 0.9 million barrels of natural gas liquids. According to our SPP split history records, SPP has had 2 splits.
SPP split history picture
SPP (SPP) has 2 splits in our SPP split history database. The first split for SPP took place on October 27, 1999. This was a 10 for 1 split, meaning for each share of SPP owned pre-split, the shareholder now owned 10 shares. For example, a 1000 share position pre-split, became a 10000 share position following the split. SPP's second split took place on August 04, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of SPP owned pre-split, the shareholder now owned 1 share. For example, a 10000 share position pre-split, became a 1000 share position following the split.

When a company such as SPP splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as SPP conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the SPP split history from start to finish, an original position size of 1000 shares would have turned into 1000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SPP shares, starting with a $10,000 purchase of SPP, presented on a split-history-adjusted basis factoring in the complete SPP split history. SPP split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 12/11/2009
End date: 06/02/2017
Start price/share: $33.00
End price/share: $14.00
Starting shares: 303.03
Ending shares: 379.44
Dividends reinvested/share: $2.93
Total return: -46.88%
Average Annual Total Return: -8.11%
Starting investment: $10,000.00
Ending investment: $5,313.34
Years: 7.48
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 12/11/2009
End date: 06/02/2017
Start price/share: $33.00
End price/share: $14.00
Dividends collected/share: $2.93
Total return: -48.70%
Average Annual Total Return: -8.54%
Starting investment: $10,000.00
Ending investment: $5,130.23
Years: 7.48
Date Ratio
10/27/199910 for 1
08/04/20151 for 10
SPP is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

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