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
  -2.00p -3.85% 50.00p 49.50p 51.00p 52.00p 50.25p 52.00p 989,829 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 10.5 -21.6 -31.9 - 102.23

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Date Time Title Posts
18/1/201819:24SDX Energy5,206
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
03/10/200719:06Red Hot Trader Tom Buloford Buys SDX543

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Sdx Energy (SDX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-01-18 17:10:2650.0060,50030,250.00O
2018-01-18 16:35:0850.0020,00010,000.00UT
2018-01-18 16:32:0250.00100,00050,000.00O
2018-01-18 16:30:0850.154,0002,005.80O
2018-01-18 16:29:5450.152,7951,401.55O
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Sdx Energy (SDX) Top Chat Posts

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 52p.
Sdx Energy has a 4 week average price of 47.50p and a 12 week average price of 46.25p.
The 1 year high share price is 70.75p while the 1 year low share price is currently 32p.
There are currently 204,459,708 shares in issue and the average daily traded volume is 605,612 shares. The market capitalisation of Sdx Energy is £102,229,854.
griffin81: There is so much talk on these boards currently about share price manipulation and another placing must be on the horizon. At the PI event last month Paul could not have been more direct, both to the audience during his presentation, or to me afterwards during a 121 chat. The company is well financed and cash generative. They will not raise any further funds this year or next unless it's to make an acquisition which adds value. Period. He looked me directly in the eye, and I trust him, hence why I continue to accumulate. He was surprised the share price hadn't moved higher following the recent positive news, however he can't control an Institution deciding to change its portfolio or lock in profits. This isn't manipulation, it's simply an II selling into the spikes, above 50p. When they are completed....The cash raise was simply to accelerate and expand the opportunity in SD and there is an urgency to undertake this to ensure the facility is the correct size. Drilling commences there next month. This opportunity arose following the inversion work completed since SD-1X was drilled, and is set out in the latest presentation. It's this work which has led to an internal estimate of the 1.5 to 2.2 TCF of gas in the current SD area covered by 3D. Separately, I bumped into a good friend yesterday at Gatwick and we had an interesting catch up. He specialises in policy around Westminster and we both sat on the board at my previous company. We are both invested in the Oil sector. His belief is that there is further instability expected in the Middle East between Saudi and Iran, with an expansion due in the current proxy wars being undertaken which is likely to drive the POO higher. Aramco has no intention of listing whist crude is in the 60s and Saudi actions will drive the price upwards. He is extremely well networked and cautious with his investments. He has placed a significant portion of his portfolio into oil in recent weeks. His views echoed my own although confirmation bias can always be an issue, so will be interesting to see how this plays out, that said, the current rises in the POO have yet to be reflected in the share price at SDX at all.
parisv: Notes from flaberghast on lse Went to tonight’s presentation in London here’s my thoughts. I managed to talk to him afterwards.. First off, he said they’re definitely not thinking of raising anything in the near future. While they are actively looking to acquire assets in North Africa, due to competition over those distressed assets they will certainly not be able to “steal” anything as they did with Circle. Therefore the deal will have to be right for the company, and in their eyes, obviously value accretive. He said they would be looking at a mixture of debt, cash and equity to fund those targets depending on location and size. He didn’t give a definite estimate in the size of the targets, only that some of them would be larger than Circle. In terms of targets, the likes of SOU’s concessions in Morocco are not on the list as they do not fit the profile. He did say they would be looking at Naftogaz but the deal would have to be good. In terms of production, he said everything was ticking over nicely and Q3 results would be out sometime in November (no specific date). He said that they would be looking to update the market on drilling in Morocco when they feel it is appropriate and not just to chase the share price but he seemed very optimistic of drills to come and said that they had met the time targets of drilling in Morocco they’d aimed to achieve and found gas in the first well. He’s hoping that each well will be drilled in a time of 2 weeks but that the next one would probably be closer to 3. He said the 5 year gas contracts they’re negotiating in Morocco for production from KSR are between $10-12/mcf, so about a 20% increase to those previously which is great. He said demand in the region was double of their current pipeline capacity so he hopes to keep growing production rapidly in Morocco as margins are so high and the oil and gas regime is one of the best in the world. In terms of Egypt, he’s meeting with the minister next week to negotiate gas sales contracts from South Disouq beginning Q1 next year. He said it’s like negotiating with the Souk sellers so he couldn’t give a date as to when he expected a deal to be made. He thought they were in a strong position to negotiate a good deal as production would be coming online just as the country hits peak energy usage next summer. He said they’d made some further progress with receivables and it was now closer to $7m recovered and there was no reason why the balance wouldn’t be cleared by the end of next year. In terms of the most recent discoveries at Rabul and KSR-14, he was very surprised at the reaction of the share price given they will be in production so quickly. He wouldn’t comment on his thoughts for the stagnation in the share price, just that if he were to get a takeover offer atm, it would have to be many multiples of the share price Lastly he reiterated that the aim over the next 3 years is still to create a $1bn company
griffin81: Brucie5, my targets for SDX are based on forecast cash generation, I mostly ignore the Edison analysis as it is so conservative it does not factor any upside and therefore becomes almost meaningless, instead I calculate my own research (which is my background). I have stated in previous posts I expect net cash generation of above $65milion in 2018 based on 5 successful wells in Morocco and SD-1X coming on stream, that should translate into a share price of between 110p and 120p. With the additional two wells added into the program for Morocco taking it up to 9, and a further two drills added in Egypt taking the program to four, if some of those additional wells are also successful, it will blow the share price potential much wider. I don't have enough details to analyse where the share price could be above that level at this stage, we will have to wait for future new flow, but needless to state if any of those four new wells added are successful, it should translate into a share price well above 120p, and if Kelvin and SD-1X are linked, then all bets are off and I will retire early. Obviously DYOR, but my investment strategy is to buy and hold companies with strong management teams, little downside and significant growth potential; SDX ticks every single box for me and the commencement of the growth potential announcements are due within days.
brasso3: I think the SDX share price has bottomed out around 45p. Looks like we are now starting the climb back into the 50's.
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.
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.
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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