Today, I'm going to lay out a case for the IPO mentioned above. The company is called SandRidge Mississippian Trust II, and it's a soon-to-be spinoff of SandRidge Energy (NYSE: SD). The parent company is packaging a series of its oil and gas assets into the spinoff and then selling shares to the public. But SandRidge Mississippian Trust II is not your average company; instead, it's a royalty trust, an organization whose entire mission in life is to pay out all its cash flow as dividends every quarter.