Sdx Energy Share Discussion Threads

[shakeypremis] 21/8/2020 16:16

Indeed - but still US$10m isn't much. They also need the cash to develop SD as it appears to be shaping up to have a lot of potential extra resources to go after which have an increasingly higher return on investment per mcf produced to the major sunk costs being out of the way now (CPF etc).

[oilinvestoral] 21/8/2020 16:03

Not all acquisitions are $1 billion deals. They could do something where they pay a small amount upfront and the rest could be deferred payed from cash flow (exactly how they were planning Egypt)

[ride daice] 21/8/2020 14:04

Given that SDX is cash generative in the current oil price environment they need to get a move on a buy some diversified production. The sales won't be on forever.

[oilinvestoral] 21/8/2020 13:32

Screening cash flow generating opportunities sounds interesting

[kwizza] 21/8/2020 12:08

Nicholas Box
Chief Financial Officer
SDX

[oilinvestoral] 20/8/2020 17:32

Oil price makes a difference to the non SD or Morocco assets. At 40/bbl oil is probably CF neutral in Egypt due to gov take. But I agree fixed price gas is the main offering here

[shakeypremis] 20/8/2020 17:26

OilinvestorAl, I think something like 80% of SDX's projected revenue is to come from fixed-price gas production. The oil price makes very little difference to them now.

[oilinvestoral] 20/8/2020 16:27

LOL if you want to know about heavy write offs you should take a look at the PMO accounts ! I don't hold any SDX but this is now added to my WL. Ever since PAUL left Mark seems to be steadying the ship. Can see these making a run up into the 20s oil price permitting ...

[thegreatgeraldo] 20/8/2020 14:43

matchmade
20 Aug '20 - 13:30 - 8399 of 8399
0 0 0
Those are some heavy write-offs in the accounts,

.What's caught your eye? You are talking about SDX accounts?

[matchmade] 20/8/2020 13:30

Those are some heavy write-offs in the accounts, which has the benefit of clearing the balance sheet so the next H2 results will make the company look like a cash machine.

However this will just be temporary: the company's still got just $10 million in cash, pays no dividend, still has very poor customer take-up in Morocco after years of trying to sell piped gas, and SDX seems doomed to keep spending almost as fast as it earns, just to keep replacing its depleting wells. I got out a year ago, after the fiasco over the South Disouq facility, and on these results and discoveries I'm not going back in.

[haywards26] 20/8/2020 12:47

hxxps://www.proactiveinvestors.co.uk/companies/news/927125/sdx-energy-boasts-strong-first-half-as-south-disouq-continues-to-drive-production-growth-927125.html

[value viper] 20/8/2020 10:11

Be very disappointing if they don't despite juicy options

[shakeypremis] 20/8/2020 09:29

haha, maybe. The directors here don't usually bother as they get fat, juicy options arrangements.

[value viper] 20/8/2020 08:01

Looking now for a director buy or two

[novicetrade68] 20/8/2020 07:08

Glad I picked up a few recently around the 18p mark, results look fantastic to me.

[tli8jaguar] 13/8/2020 09:38

Tweet from SDX

[haywards26] 23/7/2020 10:01

75-100p at this time is crazy talk. 30p is my 12 month target.

[haywards26] 23/7/2020 10:00

Director purchase announced this morning :)

[shakeypremis] 20/7/2020 10:45

At the current time, with current production and reserves and realistic and known growth prospects I would say that 75-100p would materially overvalue SDX. I say this as someone who owns a lot of SDX stock. That said this company has everything it needs to self-fund organic growth (and some smaller inorganic growth) and everything it needs to get financing at very good terms for inorganic growth opportunities it cannot self-finance. SDX will not be diluting shareholders for anything other than transformative inorganic growth opportunities. In short the downside risk here is very limited and upside potential is large.

[ride daice] 20/7/2020 10:19

It's not strange to me. They are very good at finding and producing hydrocarbons. However they have been unable to articulate (to me at least) how this is going to generate tranformational value for shareholders. I'm hopeful that they will do something about this.

[duckdown] 15/7/2020 19:13

You'd think these would be worth 75-100p by now. Very strange.

[haywards26] 15/7/2020 19:10

hxxps://www.proactiveinvestors.co.uk/companies/news/924172/city-brokers-positive-on-sdx-energys-latest-asset-deal-924172.html

[haywards26] 14/7/2020 10:26

Next financial update is hopefully a catalyst for a re-rating here..very much unloved and under the radar..