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Sdx Energy Share Discussion Threads
Showing 2226 to 2250 of 2250 messages
|Appears to be a seller into the strength.
If City Financial are selling out completely then it will be a worked move, so as not to affect the market too much.
Over the course of the past two weeks the brakes have definitely been on this relative to the daily published buy volume.|
captain james t kirk
|In what way?|
|I would suggest that but for the persistent seller, believed to be City Financial Inv Co. these would be around 20% higher now.
I haven't kept too close an eye on trades today but they appear a little strange to me.|
captain james t kirk
|I doubt this takes in to account well drill results.|
|I'm hoping for a lot more than 20%.|
|Tipped to rise 20% over next 2 months.
|Monk - lol -yes. I expect us to head higher this pm.
The co. should not be a million miles off hitting the upper gas zone.... maybe news late next week or early the week after.|
|Even at present, 4.5mmcf generating free cashflow of whopping $13m..Double that or treble that its gets tasty. Circle had good strike rate at hitting gas.|
|Yup, I can live with 50 cents on the $, particularly with all the development work taking place on some of the assets acquired, which will lead to increased returns very quickly.|
captain james t kirk
"an impairment of US$(4.3) MM due to the North West Gemsa field now being projected to reach its economic limit earlier as a result of the reserve auditor's lower oil price forecast in future years"
True, but I'm not too concerned about the above. NWG is small fry compared to what we are going after now at SD. That COP deal is worth every penny alone just for Morocco assets. A few more wells to fill up the pipeline and the revenue, profits and shareholder value are quite simply huge.
|Del,looks like the sugar in those donuts kicked in?!|
|they spent $6m on 3d seismic on South Disouq, strong avo responses on data, they have found three horizons which appear to show enclosure and potential oil bearing.
It bodes well, big players still want to farm in even when we have partner, that tells you something..
|if you read the rns is say the auditors reduced some of the reserves of North West Gemsa asset, thus reducing value of asset.
It is still at 50% discount, asset will be paid off within 14 months|
|In relation to the acquisition of Circle assets, today's RNS says "The Fair Value of the net assets acquired as at January 27, 2017 amounted to US$59.6 MM"
Based on a price paid of $30m, that's not quite as good as the 39cents on the dollar figure that has previously been quoted.|
|Another mention by Malcy today:
"Results today from SDX are, given that they are pre-Circle and pre-raise, pretty meaningless but do make a good point as to how fast the company is moving and there is much exciting progress being made. As pointed out earlier in the week the South Disouq well is under way and looks for gas as well as oil and is virtually free for shareholders. Work continues on NW Gemsa as well as upgrades at Meseda, all part of the existing SDX story and of course there is a good deal of work to be done in Morocco as another part of the Circle deal. Today the shares are over 50p, a new high but deservedly so, they went into the bucket list for a good reason and have the scope to climb higher."|
|It is a no brainer really.
Drill 2-3 more wells to increase gas sales through the pipeline (max it out) and drill Egypt from the increased cash flow.|
|Cash and cardIt is high margins in Morocco, currently producing 4.5mmcf and generating $13m on that.|
|Excellent volume today, bodes well.|
|100% agreed cash. I love that Morocco side to the business and they are really going to move fast on it.|
|That is a great set of results. Strong production and lots of cash ($18mln cash on hand, end of Feb 2017), no debt. I have to say, I really love the fact they are going for Morocco - upto 7 wells (3 development) in Sebou and LM permits. That is the real deal, solid and extremely high-margin production in Morocco is what we need to hedge against Egypt.
|Cantor has maintained its 78p target.|
|They are expected to drill 11 wells this year, very good chance this will be transformational year for sdx..|
|Yes - debt killed off COP.|
|Aye, buyers will be back soon I reckon.....
We may see a broker upgrade today as well I guess.|