Share Name Share Symbol Market Type Share ISIN Share Description
Sdx Energy Plc LSE:SDX London Ordinary Share GB00BJ5JNL69 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 2.9% 17.75 332,395 08:46:17
Bid Price Offer Price High Price Low Price Open Price
17.00 18.50 18.025 17.45 17.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 40.14 -9.36 -6.71 36
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:54 O 10,000 17.75 GBX

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Date Time Title Posts
20/11/202022:13SDX Energy8,445
09/3/202008:17SDX Energy at the UK Investor Show3
23/7/201807:13SDX Energy (SDX) One to Watch on Monday -
18/7/201811:39SDX Energy (SDX) @ Watch Zone -
16/7/201806:55SDX Energy (SDX) One to Watch on Monday -

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Sdx Energy Daily Update: Sdx Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SDX. The last closing price for Sdx Energy was 17.25p.
Sdx Energy Plc has a 4 week average price of 14.50p and a 12 week average price of 14.50p.
The 1 year high share price is 28p while the 1 year low share price is currently 11.50p.
There are currently 205,378,069 shares in issue and the average daily traded volume is 424,308 shares. The market capitalisation of Sdx Energy Plc is £36,454,607.25.
hiddendepths: It's all rather good, isn't it? The share price would suggest otherwise!
shakeypremis: #SDX are hosting a Capital Markets Day on Thursday 19th November from 3pm-5pm (GMT) – contact for the details. Speakers at the CMD will include Mark Reid and Nick Box and members of the #SDX subsurface and operations team.
shakeypremis: Yes mate, with a flake in it too :) But not two flakes. Too pricey for us SDX paupers.
shakeypremis: Auctus Advisors report hxxps:// Pinch of salt of course as SDX pay these guys for reports like this and other things. October presentation. hxxps:// South Disouq has lots of further potential, murmurings in the presentation that if Hanut comes in then the production profile may possibly be increased (>50mmcf/d).
shakeypremis: Seems we are saying one to watch 'next year' a lot lol. Still, at least they aren't diluting us and are increasing NPV and providing a return on the capital employed. Obviously none of that is at all reflected in the share price but that is investing and the fickleness of markets.
shakeypremis: Kaos3, I wouldn't quite say 'replace'. They are definitely delineating more reserves more quickly than they are producing them (especially in Morocco - although they should really try to find alternative methods to increase production there). If the new South Disouq program is successful then the SD production profile will be extended out many years, they might even be able to increase production. If their partner elects not to participate and SDX elect to still go ahead and are subsequently successful then these additional reserves will be very highly cash generative. Yes things are slow going here but the NPV of SDX's reserves/resources are steadily increasing as they add further to them.
shakeypremis: 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.
shakeypremis: I've recorded the call if anyone wants to listen. The first set of questions that are answered are from myself but they weren't recorded. I've included them below so you know what he is answering; Q1. Will/is SDX consider/ing alternative methods to increase sales in Morocco such as selling gas in to the large bottled gas market? For example by building their own bottling facility or selling gas to others who would bottle it for sale. Failing options like the aforementioned, how is SDX going to increase sales in Morocco? A1 (summarised) - Yes, they are looking at alternative methods to sell the gas they have outside of their pipeline. They think the least likely option is selling in to the bottled gas market but did say there were other options available. Didn't say what they were. Q2. Will SDX look to reacquire the recently relinquished disposed of Southern area of the South Disouq concession? If not, why not? A2 (summarised) - No one has taken the concession yet and SDX will continue to evaluate whether they think it is worth re-entering. Q3. Can you offer any comment on why your partner IPR in South Disouq declined to participate in the recent successful drill at Sobhi? Will they be participating in any future drills? How will you drill Young without them? Is there scope to get another partner if IPR no longer participate in any more drills? A3 (summarised) - partner is not financially distressed, held a different view to SDX on Sobhi and thought it was very similar or similar enough to failed Salah prospect so elected to not participate. Think we can assume they will participate in further drilling and may well elect to back-in to Sobhi. hxxps://
shakeypremis: Matchmade I agree the share price here doesn't generally make any sense. But that's where an irrational market gives you great opportunities (if you're patient). I appreciate people have different time horizons. I am 32 and can wait and have been invested here since 2017, slowly increasing my holding. Yes, heavily underwater but the current price is very tempting. Although I want to see further drilling success at SD first and I hope that SDX don't try to acquire something with a placing at the current low market cap. The share structure is heavily waited to a few large holdings, namely Waha Capital's holding through their investment vehicle SDX SPV Ltd. They haven't sold a single share in years (over ever) and hold nearly 20% of the company. Similarly with Ingalls and Synder who nearly 19% and haven't sold a single share in years (or ever in fact). The low free float here allows for wild price swings, usually to the downside but smarter money is slowly buying up all the stock. Most of the Egypt CAPEX money wasn't actually spent on drilling but on SD CPF and associated infrastructure CAPEX. A lot of the best opportunities do take many years to be realised by the market. I do think that if SDX don't find more gas in Egypt with the next few drills then they have a little bit of a problem there going forward. SDX are drilling in Morocco to increase their reserves and increase certainty of supply for their customers and potential new customers. If you've only got reserves for a year or two then potential customers may be put off. If you can say we've got your gas for 5 years and we expect to find more then that's much better. The gas they find is worth US$12/mcf. It's a cash-cow in terms of margains. Yes more customers would be better but if you can find the gas then that in itself does increase your NAV and also gives you options for the future. Maybe a bottling facility. Who knows. There is huge demand for gas in Morocco. PW really did smash the share price. His lies and over-exaggerations really hurt the investment here but didn't really change anything fundamentally. He walked the plank along with Waha's then CEO who was on the board of SDX. I personally believe they both mislead Waha - who I believe really control the company along with Ingalls (I don't know the entity behind the Ingalls holding) - and they both got the boot. Waha seem to be in this for the long haul and their current CEO on the board of SDX now. The company are project to have US$40m in cash end of 2021 and given the current malaise in the O&G market - which I believe will continue and get worse - as a debt free company generating significant free cashflow, SDX are very well placed to capitalise and pick up a great asset or two or farm in to something on the cheap. Patience grasshopppers, patience. This is a great O&G company to have an investment in at this time in history.
matchmade: I used to be invested in SDX but I have sold up because I've concluded there is simply no logic to its share price. I could do a month of detailed analysis to convince myself there is value in the share, and I could wait 3, 4 or 5 years for that value to be discovered by the market, and I've found I was just wasting my time and killing my capital. This share doesn't behave like any "normal" stock where improved profits lead to an improved share price, or a probable quick-to-market new discovery can clearly be seen to feed through to the bottom line because there is strong demand for the product. Even if you ignore oil and gas discoveries, at the very minimum you would expect that the market valuation was at least the same as the value of assets plus probable forward-looking earnings for, say, a year, less debt and estimated asset depreciation and the cost of a drilling programme. But if you do the calculations, this bears no relation at all to the actual share price. SDX does look massively undervalued, but very few major investors are interested in small O&G companies nowadays, so the share price seems to me to just follow the adrenaline rushes of small private investors, while the MMs cream off fat profits on the very wide bid/offer spread. The rot really set in with the over-promising by Paul Welch: developing the Egyptian gas took far, far too long, and there simply hasn't proved to be a sufficient market in Morocco for natural gas. You can throw money down drill holes and find lots of small, quickly-used-up gas fields until the cows come home, but even with the high prices on offer, you can't build a business if there aren't enough commercial customers or any domestic gas distribution network to speak of. Why is SDX even drilling in Morocco at the moment, when there are so few customers? Why is it doing expensive drilling in Egypt, when the price on offer from the Egyptian Government is so low, the taxes so high, and it takes so long to deliver the necessary infrastructure? It is generating good income, but low profits because most of the income is spent on new drilling rather than, say, buying real existing assets that could both generate income and offer scope for expansion.
Sdx Energy share price data is direct from the London Stock Exchange
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