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
  +0.25p +0.39% 64.00p 63.50p 64.50p 65.00p 63.50p 63.75p 205,746 09:06:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 10.5 -21.6 -31.9 - 119.62

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Date Time Title Posts
28/4/201709:18SDX Energy2,003.00
08/2/201715:12Sea Dragon220.00
27/11/201623:25Sea Dragon Energy IncTSXV/Alpha12.00
23/11/200716:27SONDEX >> Frequent Trader aka Robbie Burns Buys >> Short TermTarget 170p686.00
03/10/200720:06Red Hot Trader Tom Buloford Buys SDX543.00

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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 63.75p.
Sdx Energy has a 4 week average price of 48.25p and a 12 week average price of 40p.
The 1 year high share price is 70.75p while the 1 year low share price is currently 19.50p.
There are currently 186,900,253 shares in issue and the average daily traded volume is 3,025,076 shares. The market capitalisation of Sdx Energy is £119,616,161.92.
pauliewonder: PW said they would tell us next week so there was no reason for the drop yesterday other than people being scared that the RNS did not refer to SD and then selling, which had the trigger of taking out profit takers and hitting stop losses. Fundamentally, SDX is an excellent investment. They wont have gone through all 3 oil horizons yet and given that we are at the business end of the drilling campaign for this well there is no reason to give an update prior to next week when PW said he would. Obviously I would love an RNS saying we've hit, but ultimately this well has been a success and will underpin the share price going forward. Lets all just chill and appreciate that the company is doing an excellent job. The share price will start to reflect what we have here and the longer that takes, the more likely we are to get an offer because the big boys will be sniffing already (as per data room comments)
deltrotter: From City A M Sam Wahab, oil and gas researcher at Cantor Fitzgerald, said SDX's share price is set to rise as drilling activity accelerates. Wahab said: We have been encouraged by the pace of operational progress SDX has demonstrated over the past 12 months, and investors can look forward to a period of significant drilling activity providing share price catalysts that set the company apart from its Aim-listed constituents in our view.
griffin81: Someuwin, thank you for posting. It's important to remember SDX owns the pipeline at Sebou which is currently carrying 6MMscf yet has capacity to carry 24MMscf. The margin is currently over 90% with a cost of gas at c.$1.0 being sold for $9.90 per unit in 2017 which increases to $12 per unit in 2018. The cash generation here based on existing production is significant ($31 million net cash in 2017 and $42 million net cash in 2018). Any additional gas production in Sebou goes straight into the existing pipeline and straight to the bottom line at almost obscene levels of margin. Based on existing cash generation alone this year and next the M.Cap should be double the existing level. Which is before considering additional generation potential in Sebou, the material gas find announced at SD last week and the potential for oil, and the exploration of the remaining 75% of SD in future. The M.Cap is currently disconnected from reality and as the market wakes up to this the share price will naturally appreciate to the correct level. SDX is now my biggest holding and I expect this to be a star performer in my portfolio this year and next. Griffin
tournesol: For goodness sake, SOMEUWIN, it's utterly pointless to cut and paste RNS announcements. By all means give us the headlines but not the full text. But that said, You should at least say what you think about them. I think the Morocco news underlines 1) the scope and scale of SDX's portfolio 2) the richness of the short-medium term opportunities at SDX 3) the determination of the management to drive ahead at full speed and consequently implies further share price strength in both short and medium term.
deltrotter: Proactive - note a missing decimal point in one of the figures: " In a note, Cantor Fitzgerald analyst Sam Wahab described it as an encouraging result and said: “we believe the company has sufficiently derisked the deeper horizons where it is targeting oil.” Wahab also highlighted that SDX is carried for its share of drilling costs and repeated a ‘buy’ recommendation, which comes with a 78p price target (current price: 55.6p) that includes US$289mln or 11.9p per share for South Disouq. “In our view, SDX’s shares offer investors a low cost entry point into a growing producer with a high impact, fully funded exploration and appraisal programme,” the analyst said in a note. “In the current climate, we continue to advocate companies that pursue low cost development / production strategies and SDX has certainly delivered on this criterion, with further running room in the share price to come in our view.”"
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!!!
paleje: He did say institutions were supportive of an equity raise, we can probably take that as fact. What we don't know is how much or at what price but, if BMD hadn't leaked the story the share price was heading into the mid 40's maybe higher. The dealing and fund raise would be going on in the background unbeknown to any of us until it was done and dusted maybe a week or more by which time the share price could have been higher still. So, with a share price of say 45p, what discount would have been offered? 30% would be very high imo going by other recent raises but would mean a placing price of ~30p, but more likely 20% which would make it ~36p. That's guess work of course and greed may have overcome the potential placees since the BMD leak so we'll have to wait and see. I'd say best to keep some cash spare just in case.
Sdx Energy share price data is direct from the London Stock Exchange
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