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
  -0.50p -0.94% 52.625p 52.50p 52.75p 53.50p 52.625p 53.50p 165,543 11:23:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 10.5 -21.6 -31.9 - 98.36

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Date Time Title Posts
25/6/201716:37SDX Energy3,272
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 53.13p.
Sdx Energy has a 4 week average price of 51.50p and a 12 week average price of 48.25p.
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 106,731 shares. The market capitalisation of Sdx Energy is £98,823,508.77.
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)
griffin81: The share price fall was entirely irrational and its good to see it recovering ground. Last Thursday SDX was undervalued based on pure cash generation not even considering the gas discovery, it is even more undervalued today. I took advantage of the temporary drop and managed to increase my holding considerably at under 53p. The brokers revised target of 83p is extremely conservative as it is risk weighted until the gas flow is tested from South Disouq (SD-1X), I expect this to increase materially over the next couple of months as the testing is completed and the commercial deal to sell the gas is finalised. Based on my calculations I expect the net cash generation to exceed $65m in 2018, which in addition to the current cash balance and receivables above $50m, makes the current market cap extremely undervalued. As the market wakes up to SDX, supported by the institutional investor presentation on Monday and quarterly results released next week at the AGM, I will be disappointed if we aren't trading above £1.20 by the end of this year as a minimum. If PW pulls off another value accretive deal then I reserve judgment to expect an even higher share price Unfortunately I can't attend any of the meetings next week but if anyone can and is wiling to update following this it would be greatly appreciated. Thank you. Griffin
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.
tournesol: Today's news about the deeper targets is exactly what any objective observer would have expected. In fact it's considerably better than that because the reservoir quality is good and there are some hydrocarbons present. BUT some/many investors seem to have developed an over-optimistic exuberance and to have expected an oil discovery which was never likely to occur and has not eventuated. It seems very probable that SDX's share price will go into a sharp reverse today as the exuberance is blown away.I would not be surprised if the share price dipped as low as 50p. But the longer term investment case remains intact and strong. SDX is my biggest holding and I'm not planning on selling any of it. I'm much more likely to buy more shares if the price gets trashed.
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.
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.
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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