Sdx Energy Share Discussion Threads

[pauliewonder] 06/7/2017 08:56

Going to be a bid at these prices. Money talks and this is a cash generative business, very lucrative, going very cheaply.

[cashandcard] 06/7/2017 08:54

I think its become a self-fulfilling prophecy of sorts, folk closing out and publicizing it on here as to why. It will inevitably lead to poor sentiment and price weakness. Smaller companies are, in part, driven sentiment, not just fundamentals.

If we do go lower, I will add as I find the value proposition much better now than low 40's prior to drilling South Disouq. Some will trade this, or hold a position short-term. I tend to hold and add/average-down longerterm if they have an active portfolio on the go, SDX fit that bill. There may even be surprise or two along the way.

Each to their own, I hope everyone does well.


Cash

[plentymorefish] 06/7/2017 08:52

More to it than the update?

[muffster] 06/7/2017 08:50

Numbers obviously not liked by the market, big drop again.

[deanroberthunt] 06/7/2017 08:48

I canna hold her much longer captain!

[deanroberthunt] 06/7/2017 08:45

timbeeeeeer

[captain james t kirk] 06/7/2017 08:33

tournesol
I've learnt that it's much less painful to miss out on a short term gain, than it is a short term loss.
And the losses normally work out to be much larger than the gains.

[brasso3] 06/7/2017 08:32

Just picked up 10k

[tournesol] 06/7/2017 08:23

Lauders

Thank you. I don't post to knock the co or its shares, but simply to contribute to the wisdom of crowds by sharing openly what I think and what I am doing.

I rarely try to predict short term movements in share prices and when I do I usually get it wrong. So I usually stick to a LTBH mindset.

But I have learned the hard way that LTBH is often not the optimum approach. So on those occasions when my antennae do pick up warning signs I prefer to act on them or at least consider acting rather than just crossing my fingers.

This year that approach has got me out of AEX at 6.5p and HUR at 50 something. In both cases I posted my thoughts about these specific companies.

I then sold out of almost everything else before the election in case Labour won. That was a third good call. Yesterday's was my fourth of the year. If I keep this up I might be on to something. Which might make up for years of ignoring short term concerns and seeing myself go backwards as a result.

[milliecusto] 06/7/2017 08:20

Nice 120k buy

[soulsauce] 06/7/2017 08:11

Wonder if Highclere will be picking more up in the current sale?

[muffster] 06/7/2017 08:05

Down again, is the Nav here circa 47p?

[lauders] 06/7/2017 08:03

tournesol - Good analogy below:

Imagine you are skiing and you suddenly find yourself in circumstances where you think an avalanche might occur. Maybe the snow is weird or you hear a distant noise or you see an unexpected movement or you see someone in the distance doing something unusual as if they are trying to escape. Or even someone close by shouts "avalanche".

Do you
a) ignore it to show your constancy and strength
b) stand still
c) find a safe place out of the route of any possible avalanche

Most of the time there is not going to be an avalanche, so you'll get away with a or b. But sometimes you won't.

Whereas there is no downside at all to c).

The factor that is critical in your story though is the "eye-sight" or awareness of the person involved (me in your story). Now I am first to admit that I know very little about the O&G sector so my awareness is not as acute as perhaps yours is and thus investors like myself might not see the dangers as quickly as you or other experienced skiers might. I am hoping that your c) does not come into play of course but I am certainly more aware now, so thank you.

[pauliewonder] 06/7/2017 07:45

Agree. It was a good solid update in which the market has for some reason reacted badly to. The update proves that it is commercial quantities and de-risks the whole area. Not sure what the issue is here other than the share price dropped, its still a great company with great assets.

If people want to get in cheaper then be my guest, but you may also be getting in higher depends on how the markets react, which I know from investing a while can be difficult to predict

[milliecusto] 06/7/2017 07:39

Cash positive,no debt and increasing income moving forward....to much doom merchants on here

[haideralifool] 06/7/2017 07:32

The next set of financials should be out next month?

[orinocor] 06/7/2017 07:32

I warned against this company a few months ago. In particular it did not make sense they picked us these apparently super assets so cheaply. The shares doubled in quick order based on an acquisition, the price of which did not make which did not make sense. Everyone just assumed, even in a competitive market, SDX stole these assets. It did not help when the likes of Tournesol was claiming this was the best opportunity since Soco. It's strange how even experienced O&G investors take prospective oil, or gas in place estimates at face value.

[deltrotter] 06/7/2017 06:53

Yup. Also worth remembering they have something like £25m cash including receivables....

Those production levels will increase massively in the medium term.

[brasso3] 06/7/2017 05:46

The market cap is £94m! That is ridiculously low for SDX P2 reserves base and production levels.

[jacktrax] 05/7/2017 23:31

I'm out as well, I see these drifting a bit and I will buy back for more shares, that's the plan. No sentiment, no attachment to shares, if they go without you que Sara . Only sold as I see no immediate news (immediate) , summer holidays , traders bored and will move back in later, support just about broke on the chart , gl holders, still think it's a cracking share but the momentum has prob stalled for now.

[hiddendepths] 05/7/2017 23:22

Tournesol earlier "It is a cracking little company but I'm disappointed with today's figures for SD. I think the market might be disappointed too and that the share price is likely to suffer."

I've shed a third of my shares because I agree with this sentiment completely - and I don't like being confused on the inconsistent numbers being bandied around. But because of the cracking little company thing I'm quite willing to buy them back on any further weakness.

Oil exploration companies are ALL like this. Sometimes you get wonderful surprises, other times you get setbacks. SDX is allowed a disappointment which doesn't undermine the underlying story.

[royaloak] 05/7/2017 21:50

A slight crumb of comfort, Canada closed at 87/88 cents, 2 cents above its low.

[pauliewonder] 05/7/2017 20:26

Ignore typos above, on phone

[pauliewonder] 05/7/2017 20:24

I cannot believe the reaction today. We are significantly lower than we were pretty drill and I reckon had it been a duster we would be higber because you would have the initial drop followed by a steady rise accepting that sdx1 was a duster.Today they confirmed solid if not spectacular results. It also confirmed that sdx as a company is moving forward. But like any aim oil share it will be volatile. When I question if this is the right investment for me, I look at what the company has and what they are doing. They are making a large profit thus year and as a result they can find further drills, acquisitions and potential divis. Long and strong here but.