Moody's could lift Sheridan

Moody's Investors Service said it placed the B2 corporate family ratings, B3 probability of default ratings and B2 senior secured debt ratings of Sheridan Investment Partners I, Sheridan Production Partners Fund I-A, and Sheridan Production Partners Fund I-M on review for upgrade.

With nearly 50% of its production comprised of oil and natural gas liquids, Moody's said Sheridan is well positioned to enjoy robust cash flow generation for at least the next few years based on the agency's expectation for a sustained high oil price environment.

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