Share Name Share Symbol Market Type Share ISIN Share Description
Sdx Energy LSE:SDX London Ordinary Share CA78410A1075 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.25p -2.69% 45.25p 45.00p 45.50p 46.50p 45.25p 46.50p 212,350 15:52:36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 10.5 -21.6 -31.9 - 84.57

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Date Time Title Posts
22/7/201700:20SDX Energy3,707
08/2/201715:12Sea Dragon220
27/11/201623:25Sea Dragon Energy IncTSXV/Alpha12
23/11/200716:27SONDEX >> Frequent Trader aka Robbie Burns Buys >> Short TermTarget 170p686
03/10/200720:06Red Hot Trader Tom Buloford Buys SDX543

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Sdx Energy Daily Update: Sdx Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SDX. The last closing price for Sdx Energy was 46.50p.
Sdx Energy has a 4 week average price of 42.13p and a 12 week average price of 42.13p.
The 1 year high share price is 70.75p while the 1 year low share price is currently 20.25p.
There are currently 186,900,253 shares in issue and the average daily traded volume is 473,086 shares. The market capitalisation of Sdx Energy is £84,572,364.48.
tournesol: Pauliewonder The thing to remember is that you are not investing in the company, you are investing in the shares of the company. A quite different thing. (the shares are effectively a derivative rather than the primary underlying entity) It is entirely possible for companies to go from strength to strength whilst their share price goes into retreat. That is not irrational, it's because the share price is a crowd sourced attempt to predict the future of both the co and the market and the wider economy. The crowd in question is subject to mood swings and miscalculations so share prices tend to overshoot and undershoot fair value. Over the long term the oscillations tend to converge. Over the short term they can go all over the place. It should be the aim of an independent investor to buy on the undershoot and sell on the overshoot. In the case of SDX the announcement yesterday represented an under delivery by comparison with the expectations raised previously by the company's communications which now seem to have been somewhat over-optimistic. With the share price having done well over the past year, a disappointment is only going to shepherd the share price in one direction. And today people will ask themselves "has an over-optimistic mind set led to other past statements by the co being too strong? Will Morocco be as easy a success as we have been led to expect? Will production in Egypt be so easy to ramp up?". And these doubts will reinforce the downwards oscillation. I still like the underlying co and the management. I just think the investment case has been over stated and the share price has got ahead of itself. When things get back into synch I expect to be back. Good luck if you decide to practice LTBH and ignore short term fluctuations.
puzzler2: Well, Malcy is very bullish: "SDX is rapidly becoming the gift that keeps on giving as every report to the market gives more potential for value add in its African portfolio. Today it releases an operational update which starts with a resource update, its CPR on South Disouq gives it 47-180 Bscf of gas and 2.29-8.73 mmbbls of condensate. With the company moving to an early production system that is scheduled to bring it on in early 2018 (and may be sooner), value is coming from this source amazingly swiftly. Put another way this is 50m boe on a single discovery and their 55% WI gives them 29.6mmboe which is 3x their current reserves, seriously boosting the bottom line. In Morocco things are hotting up as the rig is being mobilised and on schedule to spud in September whilst at Meseda the kit to facilitate the long awaited production increase is being tested. SDX is showing signs of aggressively progressing its portfolio and new opportunities are being assessed all the time, the recent oil price dip has delivered one or two possible gems I am led to believe. Today’s share price move is just completely wrong, SDX is increasing in value all the time as today’s report shows, On every measurement possible, with reserves increasing, valuable production not far away and a top quality management team busting a gut to deliver added value investors in SDX should cont their blessings, commodity risk apart their company is cheap as chips and should be bought."
tournesol: Look back at the various analyst reports that followed the SD-1X discovery. Example: Capital Network on 25/4/17 ..Following the SD-1X gas discovery... estimate the risked value of 200-300BCF of gas and 50MMbbl of oil resources to be $165m. We base this risked valuation on the pre-drill third-party assessment, raising the CoS to 67% for a 250BCF of discovered gas resources, and apply a $5/bbl value to 50MMbbl of prospective oil resources with a CoS of 25%. Using the same rationale and applying a CoS of 50%, we estimate the value of a 250BCF remaining gas potential in the South Disouq licence at $80m, which results in an updated ReNAV of $380m, up from pre-drill 3rd party assessment of $180.3m. From the timing of share price movements in relation to news flow since the beginning of this year, we estimate that the impact of the SD-1X well to date is about 21p, or $50m out of our estimated $165m, i.e. 30% priced in….. Point 1 - As evident from the above, the analysts, like me, were expecting 200-300BCF and 50mmbo. Today's RNS has come in with only 180 BCF - and that as 3C which is a long, long, long way from 2P. The 2C figure is only 47BCF. So we are a very long and arduous distance away from 250BCF. And what usually happens is that as reserves mature from 3C to 2C to 2P we see a progressive reduction. ie 2P<2C<3C Point 2 - today's resources numbers are NOT net to SDX. They are gross and relate to the asset which is shared with partners/govt. SDX's share is only a portion. Point 3 - according to the analysis cited above, 21p was already in the price for SD. How much more is left to be factored in? What risk factor should we apply to that? I see the figures released today as being disappointing in comparison with the expectations raised by the comments made by the company after the discovery and at the AGM. My own expectations were in line with Capital Network's. I expect the share price probably will do well in the long term but I think that the short term contribution from SD will be smaller than expected by most. Time will be required for Morocco and for development of the existing producing assets in Egypt. With less support from SD I expect the share price to experience a period of weakness. My holding in SDX was a significant exposure - 10% of my portfolio. Most of the rest is already in cash whilst I reconsider my overall investment strategy. So SDX represented the vast majority of my exposure to equities. I have actually exited completely. I see that as a short term precaution and hope to re-enter at a later date. I wont' mind if that is at a higher price if that goes with an improved risk attached. I won't mind if it is a lower price with the same risk. And I won't much mind if I am proved wrong altogether. It won't be the first time. Good luck to those still holding. My hope is to rejoin you when the circumstances are propitious.
griffin81: The share price is ridiculous. I have now built up a significant stake in SDX and this is my largest holding by far. I shouldn't really accumulate further, however I keep seeing the share price at £0.57 and keep thinking; in 24 / 36 months time, when the share price is above £3.00 per share, I will probably kick myself for not buying more.... So just a little nibble, but I've promised myself no more (until next time, lol)
tournesol: Neo et al .. Sdx have had a material gas find and they increase only by 5p…. Nothing puzzling here at all. Markets anticipate. Before drilling the market took into account the possibility of gas being discovered. Obviously the actual discovery should logically boost the share price because uncertainty has been removed. BUT before drilling the market also took into account the possibility of oil being discovered in the deeper targets. The drilling result on those came back negative so logically you'd expect the share price to suffer. At a logical level the boost and the suffering have cancelled each other out. At an emotional level, investor sentiment has been bruised - some investors were irrationally over-optimistic and have felt disappointed at the lack of oil - so sentiment has weighed heavily on the share price. Together the result is a lower share price. It will pass. Just be patient. I have not seen a better investment in E&P for many years and I do not say that lightly. I expect to make a multiple of my investment here.
griffin81: When I first reviewed SDX after the year end results, I skipped through them and missed the bigger picture, deciding not to invest. When the gas discovery at South Disouq was announced, it caught my attention again and this time I undertook full due diligence. During this process, every key box was ticked; the quality of the management and especially the track record of Paul Welch, the acquisition of the Circle assets at a significant market discount, zero debt, clear and convincing commercial strategic focus, the potential for future value enhancing acquisitions, the material exploration upside potential, strong cash balance in both USD and Egyptian Pounds, the increases in production scheduled for H2-2017 enhancing already strong net cash generation. SDX ticked every single investment box for me. I would have invested in this company even if the market cap was double current levels, based on the future growth potential and prudent management / governance. The fact that the stock is significantly undervalued made the case even more compelling. Whether oil is found at SD-1X over the coming days is entirely irreverent to my future investment in this company, as over the coming year as production levels increase and gas from SD-1X is tested and rapidly taken to market, the share price will rise to reflect the true value of this company. If no oil is found, the share price will get a little bumpy but this is just short term noise and will quickly pass. If oil is found here however the potential is a fairly rapid doubling and greater of the share price, I personally believe it should double without oil as the company is on track to deliver net cash of $65m + next year including SD-1X flows and that is not including the higher production in Morocco. I always buy and hold, and I have confidence SDX is going to be a share to watch this year and beyond, with or without oil.
orinocor: yes circle were in trouble but there are a lot of o&g companies looking to buy cheap assets. Therefore there should have been a lot of interest in these assets and so circle should have got a good price. Come on guys, none of this makes any sense. Either circle have got a rotten deal or SDX have got a great one. The rise in the SDX share price says it's SDX who got the great deal and the Circle guys don't know what they are doing. I've been round long enough to know when something smells off and something's not right here.
micktrick: I've been reading that the average p/e ratio for oil & gas companies is 25.4. Given the current p/e of about 2, is it too simplistic to suggest that the SDX share price should be about 12 times higher?
potential: Cantor repeated a 'buy' recommendation and the target rises to 78p from 71p, which at the new level represents some 125% upside to the current SDX share price of 34.25p.The transformational deal will see SDX increase net production by almost 250% to 4,705 barrels oil equivalent per day. Reserves, meanwhile, rise by 64% to 12.03mln barrels oil equivalent (boe).
potential: Cantor's target rises to 78p which represents some 125% upside to the current SDX share price of 34.25p!!!
Sdx Energy share price data is direct from the London Stock Exchange
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