Sdx Energy Share Discussion Threads

[deltrotter] 25/4/2017 11:28

Just bought this great stock 15% cheaper than yesterday.....

[franki8] 25/4/2017 11:24

timbeeeeeer

[johnrxx99] 25/4/2017 11:13

As I have just bought in we must assume a goodly drop. Which is fine as it was over bought but at least I have skin the the game, as they say.

[trapissed monk] 25/4/2017 11:13

not worried,just irked at my timing which is usually good. sold overweight stock to add here and it's up 5% today! lol

[deltrotter] 25/4/2017 11:08

Crikey, I wouldn't worry about a couple of pence.

[trapissed monk] 25/4/2017 11:05

my 66p top up yesterday was misjudged!.....for now...

[soulsauce] 25/4/2017 10:08

Cheers del.

[deltrotter] 25/4/2017 10:07

From City A M

Sam Wahab, oil and gas researcher at Cantor Fitzgerald, said SDX's share price is set to rise as drilling activity accelerates.

Wahab said:

We have been encouraged by the pace of operational progress SDX has demonstrated over the past 12 months, and investors can look forward to a period of significant drilling activity providing share price catalysts that set the company apart from its Aim-listed constituents in our view.

[cashandcard] 25/4/2017 09:57

Good news this morning. I am happy they are progressing Morocco drilling schedule.

Whatever happens with the remainder of SD-1X, there is plenty going to underpin the fundamentals here.

Fingers crossed.


Cash

[neo26] 25/4/2017 09:34

At these levels we shouldn't worry about the share price in the medium term.Oil stocks are news driven, you will always get punters in for making a quick buck.I'm happy to hold medium term here.Gla

[nick2412] 25/4/2017 09:11

Yes, maybe neo, but if there had been a find of no oil then SDX could not hold that back. If anything they might have more room for flexibility on timing for the Moroccan announcement and held it back after any 'no oil' find to remind investors of the upside elsewhere. They haven't done that so that could bode well. Toronto closed at about 63p equivalent so, as I say, it looks to me it's an inevitable coming off from a toppy rsi.

[hiddendepths] 25/4/2017 09:08

I still think the violent upturn a few days back was because MMs were caught short. As I suggested yesterday, they seem to have covered that position and the shares have fallen back to a more normal state without their desperate buying.

This is positive news for sure and is more grist to the mill when it comes to the buy case. I totally agree with my old sparring partner Malcy.

[neo26] 25/4/2017 09:03

NickI think what spooked investors today was that there was no mention of SD update, it was rather strange to release this RNs considering when they applied for extension on SD it wasn't RNs'd.I think sdx will be successful this year even if no oil is found at SD.

[nick2412] 25/4/2017 08:55

neo, as you'll know nothing goes up in a straight line and there are always profit takers who will look at the rsi which had become a tad toppy. There was also a fairly significant pullback prior to the successful gas find. SDX run a tight ship and the drop is just a technical pullback and not indicative of whether oil is found or not.

With gas and no oil I would expect a gradual re-rate upwards over the coming months to 100p plus given the other already identified and de-risked gas prospects and the fact that only 25% of the block has been covered by 3d seismology. With an oil discovery.. well let's wait and see. I think based on PW's interview we are looking at around 2nd May for the result.

[deltrotter] 25/4/2017 08:47

Ha ha - my thinking exactly HAF....

[haideralifool] 25/4/2017 08:45

millie since there may be a gap between the Egypt results and any further news, wouldn't it make sense to have had the morocco update follow after news of any duster? (That's assuming timing is within the gift the of the company).

[petergennery] 25/4/2017 08:43

Was too slow to get in at -4.9% :(. Been in since the early 30's, it'll take more than that!

[soulsauce] 25/4/2017 08:37

Quite a shake that one.

[milliecusto] 25/4/2017 08:36

I did say yesterday that this would happen,potentially no news till next week or bad news this week hence the upbeat rns this morning

[neo26] 25/4/2017 08:30

Wtf, why the big drop, news shud arrive soon..

[deltrotter] 25/4/2017 08:10

lol soulsauce

[soulsauce] 25/4/2017 08:09

From Malcy, hope tournesol doesn't mind me posting:-

A Morocco update today from SDX, with so much exciting news from Egypt it is easy to forget that particularly since the Circle deal SDX has significant exposure to exciting production and exploration in country. The Lalla Mimounia Nord and Sud permits have been extended to March 2018 with drilling on two exploration wells planned for 2H 2017. At Sebou several extensions for production and exploration have been granted over the next eight years with a number of wells planned this year which, if successful are close to pipeline infrastructure. Overall these developments provide significant potential to increase both production and reserves with plenty of exploration upside. Things at SDX are still going from strength to strength.