Sdx Energy Share Discussion Threads

[potential] 27/1/2017 18:41

Cantor's target rises to 78p which represents some 125% upside to the current SDX share price of 34.25p!!!

[potential] 27/1/2017 18:10

Loads of late buys showing up- in for a explosive week folks!! Enjoy your w/e

[potential] 27/1/2017 16:45

should also be a few RNS's in ref to those who were involved with the placing and increasing their holdings. Overall an extremely good day. Should be quite a few delayed trades going through.Pushing us well over 3m. Already looking forward to next week but I will thoroughly enjoy the weekend first.

[thomasthetank1] 27/1/2017 16:21

Positive note out from Cantor Fitzgerald

Accretive acquisition boosts production and free cash flow

BUY recommendation / Target Price increased from 71p to 78p

SDX has announced a US$40m secondary placing to acquire a portfolio of oil and gas production and exploration assets in Egypt and Morocco, which are currently held by Circle Oil. This is a significant deal in our view, serving to consolidate the company’s position in Egypt whilst diversifying its geographical footprint by adding a new region to its business. The transaction is also clearly value accretive, boosting SDX’s net working interest production by over 247% to 4,705boepd, and its net 2P reserves by 64% to 12.03MMboe.

[potential] 27/1/2017 16:21

Cantor Fitzgerald Accretive acquisition boosts production and free cash flow BUY recommendation / Target Price increased from 71p to 78p SDX has announced a US$40m secondary placing to acquire a portfolio of oil and gas production and exploration assets in Egypt and Morocco, which are currently held by Circle Oil. This is a significant deal in our view, serving to consolidate the company's position in Egypt whilst diversifying its geographical footprint by adding a new region to its business. The transaction is also clearly value accretive, boosting SDX's net working interest production by over 247% to 4,705boepd, and its net 2P reserves by 64% to 12.03MMboe.

[potential] 27/1/2017 16:04

If COS is 20% that implies Edison sees 35p for a discovery based on the old data as you say. Currently target is 57p, or 15p above core NAV of 42p, with 7p of that 15p for the well, that leaves another 8p non-core NAV. So if we add core NAV 42p, plus 8p other non-core NAV, pus 35p for discovery, we get 85p target on a discovery. This should now be higher given the 3D data has improved the prospectivity and almost certainly the COS.

[potential] 27/1/2017 15:58

SDX SDX Energy Inc Acquisition of Circle Oil assets SDX Energy's accretive $30m acquisition of the Egyptian and Moroccan assets from Circle Oil is a major step to increase the company's footprint and is in line with its stated ambition to grow (in)organically. The Moroccan gas production in particular is a step-out from its existing base, but provides strong cash flow generation, quick effective payback and the possibility of future high-value development and exploration. The increased working interest in NW Gemsa should boost SDX's share in FCF in Egypt, and further contribute to costs for the upcoming waterflood programme. We increase our core NAV from 39p/share to 42p/share (RENAV moves from 68p/share to 57p/share) even after some (unrelated) modelling adjustments. Despite a recent increase in the shares, this suggests further upside for investors in a larger company with greater ability to invest in high-value projects in North Africa. - See more at: https://www.researchpool.com/provider/edison/sdx-energy-inc-sdx-acquisition-of-circle-oil-assets#sthash.oplKKDPa.dpuf

[flagon] 27/1/2017 09:13

SDX Energy Plc (LON:SDX, CVE:SDX) shares ought to more than double in value as it advances its production growing strategy, according to broker Cantor Fitzgerald.

“This is a significant deal in our view, serving to consolidate the company’s position in Egypt whilst diversifying its geographical footprint by adding a new region to its business,” analyst Sam Wahab said.

Link ->

[potential] 27/1/2017 09:02

The road is clear!!!! 80p on the cards folks!!Don't forget the rally we had before the placing we hit 47p- in no time!!

[bushman1] 27/1/2017 08:53

Cantor Fitzgerald have raised target price to 78 p from 71 p.

[paleje] 26/1/2017 09:42

Proactive telephone interview with Paul Welch, very positive, adds a bit of detail, worth 5 mins:-

[fillipe] 25/1/2017 16:44

Canadian interest appears to have very much dried up, today.

f

[paleje] 25/1/2017 09:36

RNS done and dusted, PW sounding very confident as you'd expect:-

Paul Welch, President and CEO of SDX, commented:

"The completion of the fundraise and acquisition of Circle Oil's subsidiaries in Egypt and Morocco will be another important step in the development of SDX Energy. The deal is an excellent strategic fit for us and, in line with our strategy of seeking high margin, low cost growth opportunities, will substantially increase production and cash flow from our asset portfolio.

"I would like to take this opportunity to thank the management team at Circle Oil for their efforts in progressing the transaction, as well as our new and existing shareholders for their ongoing support. Together with the upcoming drilling campaign at South Disouq, the outlook is extremely positive for SDX Energy as we continue to create value and build a mid-tier E&P in North Africa."

[potential] 25/1/2017 08:32

Yes update any time soon!!Placing st 30p was a good job by SDX up and away now folks!! Just topped up 20k!!

[oilandgas1] 25/1/2017 08:24

Are we not due news soon aswell on South Disouq Drill results?

[csjcsl2] 25/1/2017 07:59

surprised they got 30p was expecting mid 20s well done sdx

[paleje] 25/1/2017 00:31

Canada rose on the announcement but finished down 3%.

I'll be adding, you never know all the ins and outs but overall it seems value will be added by the deal in excess of its cost. The discount is annoying esp for those who bought at higher levels but share price will recover.

Instis buying in at 30p should be well chuffed, the share price trajectory was looking good before this came about, no reason for it not to resume with added vigour once any short term wobble is out of the way and newsflow picks up.

Bit of trust in management required, they're in the business we're not. Well I'm not.

[dailylarma] 24/1/2017 22:42

Fact is no one really is sure if this is a good dealMany would like to think they do but actually they know Jack.

[paleje] 24/1/2017 17:14

So now we know USD 40m fund raise to include cash price + working capital at 30p.

On first read that sounds ok to me, purchase price at big discount to stated value as of June last year, which will be a lot more now.

[paleje] 18/1/2017 12:05

Podcast on Mon 16th, Malcy about 20 mins in, says deal makes sense, discount might not be much vs current (lower) price and would expect to recover soon. I tend to agree re the price but we don't know the quantity yet so just imo worth waiting for the terms before adding.

[pjj71] 16/1/2017 12:23

Id rather buy here than that ZEN pump and dump!

[aimmafia] 14/1/2017 21:24

All looking good here for 42 p short term

[potential] 13/1/2017 08:41

Expect it to return to 37p today

[paleje] 13/1/2017 00:13

TSX closed over 35p. No rescues needed Minja, the company is fine and will continue to do well, the short termism will pass, if you can make a few quid out if it fine but I doubt if you have the ability to 'get it down to 20p pronto'.