Sdx Energy Share Discussion Threads

[darola] 19/12/2018 17:23

Ha. You could be right. I’ll be back! It’s too good. Just think there is better value elsewhere...

[shakeypremis] 19/12/2018 13:36

Darola selling out? Today perhaps? Possibly a contrarian indicator (not that I expect this to re-rate much higher any time soon).

[darola] 19/12/2018 13:22

I’m out for now. When the share price stops it’s free fall I’ll be back. Don’t even mind paying more than I sold for, at some point this will head north. But right now it’s as unloved as Jose Marinio

[ifthecapfits] 19/12/2018 09:50

Why is Brent trading at such a premium to WTI?

[plentymorefish] 19/12/2018 09:23

Meanwhile, the share price is doing a great impression of Status Quo - 'down, down, deeper and down'!

[plentymorefish] 19/12/2018 08:49

He's either brave or stupid to post in that way. I don't know the rules on libel, and whether the anonymity of a BB offers protection, but if PW were of a mind to, surely he could seek some sort of recourse?

[shakeypremis] 19/12/2018 08:41

Sod off Tombul.

[cwmwillis] 19/12/2018 08:13

Look out!!

The Rednecks are awake!!

[hockey_puck] 19/12/2018 07:23

The company, and its CEO, is not delivering on its guidance - not even close.

The average entitlement production for Q3 of 2018 was 3889 boed. The entitlement production average over the first three quarters of 2017 was 3587 boed (pro forma). That's a whopping increase of 302 boed.

Note as well that there seems to have been a recent drop in production from the Egyptian oil fields, after a short-term spike: The entitlement production on August 23, 2018 was 4444 boed (as per the Q2 report), well above the reported average daily production for all of Q3.

The company is losing cash. It had $30M at end of Q3 2017. The company has $18.7 million now.

Few solid details about the SD development plans leaves one with little confidence that there will be 8k boed coming online in the first half of 2019.

[tombul] 19/12/2018 01:09

Shakeypremis,here is a multiple choice question for you.

Who was right about SDX and Mr. Pinocchio from day one?

a)Shakeypremis

b)Tigris72poo

c)Tombul

d)angelaj6611

[tombul] 19/12/2018 00:55

In Canada, we call PW Dilution Lover, Mr. Pinocchio.

What do you call him in England?

[shakeypremis] 18/12/2018 15:59

Easter? I doubt it. I think we are in here for a long hard slog. While South Disouq has been pushed back a couple of times, to be honest the upside from it should be priced in by now. I think it's going to take quite a bit more to shift this up, especially during a recession, stock market bear and oil market bear. That said, it doesn't mean this isn't undervalued. Perfect time to buy more shares.

[cwmwillis] 18/12/2018 15:18

Unfortunately Santa didn’t bring us SD and we have been punished by the MM grinch’s. Easter bunny maybe?

[shakeypremis] 18/12/2018 13:23

cwm, it's a good company, no debt too. If they can get themselves producing majority gas under contracted price that will remove a lot of oil price risk from the stock.

I shall take that as a compliment :) Merry Christmas to you too. No I won't be working for the Samaritans, I've got my own charity case to deal with lol.

[cwmwillis] 18/12/2018 12:58

Yes I doo.. Been reading yours/others posts for the last 18months both here and also on LSE.

You are a very baffling character indeed!!

But hey ho, its nearly Xmas!!

Ps. Never work for the Samaritans ;)

[shakeypremis] 18/12/2018 12:48

Do you know anything about the company cwm? They are transitioning to being a majority gas producer as soon as Q2 2019 and will be selling gas at contracted rates of $2.65/mcf + possibly something extra for condensate production in Egypt and between $10-$12/mcf in Morocco. That's why I am not selling. Additionally there is big exploration upside in both Egypt (both oil and gas)and Morocco (relatively speaking).

[cwmwillis] 18/12/2018 12:42

Ok, but if you really think that oil is heading for $20... Why do you hold?? Only a lunatic would do so?? Right??

[shakeypremis] 18/12/2018 12:33

cwmwillis, I have not sold a single share here. I wish I had though, say at 70p. I've been in here since February 2017 and not made any money so far lol. How's that?

$10, nice find qackers. Maybe BP will be a bit easier to make a deal with now the oil price is much lower.

[qackers] 18/12/2018 12:04

Quote from above interview



What is the company’s policy to ensure low cost production?

We pride ourselves on our strict financial discipline and always try to ensure that our funds are used as efficiently as possible. This is underpinned by a portfolio of low cost onshore producing assets and exploration prospects. This focus on capital discipline, and asset location and type, means that we are one of the lowest cost producers in the region and can remain cash flow positive down to around $10 per barrel of Brent at the corporate level.

Having financial discipline means that we focus on controlling our costs both from an operating and capital investment perspective. We focus on costs because it is something that we can control, knowing that we cannot control the oil price. We then develop and invest in assets that allow us to maintain this focus to ensure that we can prosper throughout the exploration and production cycle. When prices are low, we are resilient, but when prices increase, we become highly cash generative. Egypt’s asset base has many opportunities that fall within this framework, which is why we have been so keen on expanding here.

[cwmwillis] 18/12/2018 11:54

At what price did you sell out at Shakey?

[shakeypremis] 18/12/2018 11:40

Qackers, as long as the assets can produce profitably at circa $20 oil, because that definitely where oil could go.

[qackers] 18/12/2018 11:33

Maybe they can get a better price on the BP deal. Dont remember Paul saying the deal was dead in the recent interview I watched.

[shakeypremis] 18/12/2018 10:02

Anything can happen when markets crash. Intrinsic value is irrelevant.

[plentymorefish] 18/12/2018 09:56

Fair enough shakey - it's hunker down time for me, I wasn't selling in the 50's so I'm not doing so in the 30's - crikey, 30's, who'd have guessed that's where we'd be at the end of 2018?!