Sdx Energy Share Discussion Threads

[griffin81] 02/6/2017 12:17

I've already liquidated most of my shares with the exception of SDX (which I have increased my stake in). If Corbyn gets in next week in a coalition, I expect the negative impact to be material, and therefore I've sold anything which is purely UK focused.

SDX is my one exception, partly because its already so undervalued, it could begin to re-rate at any moment and I don't want to be caught out, and also because its focus is entirely outside of the UK and therefore easier to relocate as an entity and avoid the carnage long-term if the UK does loses its mind next week.

Its not often politics impacts my investing strategy, but this is rapidly turning into a risk I could no-longer ignore.

[haideralifool] 02/6/2017 12:03

Unlike various UK based oilers who could be affected by changes to local taxes, I'd have thought that SDX would be fairly immune. Other than to general sentiment.

[tournesol] 02/6/2017 11:58

Captain

you're not wrong

I've been giving serious thought to liquidating a lot of positions ahead of the vote. If JC's zombie manifesto continues to attract support from the gullible then I'll lean towards pushing the button.

I've gone 100% into cash 2 or three times in recent years and it's been very beneficial in avoiding market turbulence and set backs. Like everybody else I had thought Theresa May may would romp home but she seems to have lost her touch and given unecessary aid and succour to the bearded one.

If he gets in it will be an unmitigated disaster for us all but at least a cashed up position would create a basis for self preservation during the ensuing turmoil.

[captain james t kirk] 02/6/2017 10:55

Many investors of all sizes will be sitting on their hands until next Friday.

[tom111] 02/6/2017 10:50

General market conditions I think looking at other stocks

[dsmith57] 02/6/2017 10:47

Total lack of interest at present in this gem. Just can't work it out.

[shakeypremis] 02/6/2017 10:46

We are getting close to the 50-day moving average here, could be a decent bounce coming soon.

[haideralifool] 01/6/2017 15:34

Perhaps a bit of cognitive dissonance from the people who sold HUR to buy here - given the price action over there today ...

[deltrotter] 01/6/2017 15:14

The CPR is 3 weeks away Cash. I expect that to include further test results, including condensate, and overall resource estimate.

IMO that will be the next catalyst for upward movement and buyers will be in in advance of it.

All IMHO.

[cashandcard] 01/6/2017 15:09

As they have pushed the Morocco ops towards year end, this presents an excellent top up opportunity. There will always be those who move on, but the plans for growth across the acreage are quite compelling in the longrun.


Cash

[franki8] 01/6/2017 15:04

zzzzzz wake me up when its £1.20 so I can top slice. It is crazy that its at this level atm so so undervalued

[haideralifool] 01/6/2017 10:58

Another piece in today's FT. Things seem to have been improving since the $12bn IMF loan and currency floatation, and investors have been returning since the end of last year. But there's one analyst who is very bearish about the country on a medium/long term basis, because of structural problems within the economy.

[farmscan] 01/6/2017 09:32

HAF thanks for the info.

[thomasthetank1] 01/6/2017 09:30

Panmure Gordon

SDX Energy – Morocco Update (SDX LN, Mkt cap: £108.9m) – Positive
 
The Gharb Centre exploration permit, covering a 1,362km2 in Northern Morocco, has been awarded to SDX for 8 years. Firm commitments on the permit are 200km2 of 3D seismic and two exploration wells within the first four years. The Gharb Centre is located to the North of Lalla Mimouna and Sebou permits where development and exploration wells are planned for H2 2017 and the award comes with considerable 2D and 3D seismic data which has establish multiple horizons throughout the Miocene-aged strata, similar to what the company produces from in surrounding areas. At Sebou & Lalla Mimouna pre-drilling activity is underway with the rig tendering process underway and partnership approval received from ONHYM for 7 locations within the permits. The award of additional acreage in Morocco nearby to existing development/production hubs is very encouraging and positions to the company to continue their success with the drill bit, particularly as production from existing fields comes from the strata already identified in the Gharb seismic. We look forward to seeing wells on the permit feature in future work programs.

Cenkos Securities

SDX Energy ↑ (SDX.L, 58.25p, £109m) continues to build its acreage position in Morocco with the new award of a further onshore exploration permit at Gharb Centre. This permit covers 1,362 km2  in the prolific Gharb basin in the north of the country. SDX has a commitment to acquire 200km2 of new 3D seismic data, which will complement the historic 2D and 3D data over the permit area. Initial analysis suggests multiple target formations in the Miocene sand, analogous to the other producing permits at Sebou and Lalla Mimouna. Production in the Gharb basin is generally dry gas (99% methane), making it easy to use with little processing required before sale. Historical discovery sizes have been relatively small, albeit profitable, due to low cost shallow drilling and substantial amounts of infrastructure in the region. The addition of new acreage bolsters SDX’s position, and provides longer term potential to follow on from Sebou and Lalla Mimouna – where further drilling is to take place in H2/17. Positive.

[deltrotter] 01/6/2017 09:20

Not odd at all IMO - just value waiting to be outed.... and it can be like that for a while and then gets outed seemingly overnight....

[tom111] 01/6/2017 09:09

its all very odd

[hiddendepths] 01/6/2017 09:07

This stock remains well and truly beneath the radar of most investors!

[deltrotter] 01/6/2017 09:05

From the SDX website:

"Gharb Centre

The Gharb Centre exploration permit covers an area of 1,362.1 km2 and contains 5 fields which were discovered on legacy 2D seismic data and are now depleted. Recently, 208 km2 of 3D seismic has been acquired in the southwest area of the permit along with a further 300 km2 of dense 2D coverage, that complements the extensive legacy 2D seismic acquired in the remainder of the block. Multiple amplitude-supported leads have been identified on the existing datasets with several adjacent to the existing Sebou production infrastructure. At present, SDX has identified over 20 BCF (unrisked) of gas within the permit. The SDX work program, of 200 km2 of 3D seismic and 2 exploration wells, is focused on expanding the portfolio of amplitude supported prospects within the block while drilling, developing and placing on production those successful opportunities as quickly as possible. "

[deltrotter] 01/6/2017 08:36

Proactive updated their investment overview for SDX - I think they are being less than generous myself:

[deltrotter] 01/6/2017 08:30

softly, softly, catchy monkey....

[soulsauce] 01/6/2017 08:27

Well what can you say other than this stock gets cheaper by the day.

I think some people must think that just like 90% of other oilers that this is has a medium portion of debt.

Oh well!!