Sdx Energy Share Discussion Threads

[pauliewonder] 05/7/2017 12:36

Be great to see some director buys (if they can)

[maverick247] 05/7/2017 12:00

Big sell was being worked apparently via spreadex should move on up from here ive added two lots this morning Read malcys blog too

[uncle john] 05/7/2017 12:00

Over on Twitter they are working at ramping this and PVR so far without any success. UKOG it ain't, (yet?)
I posted a Tweet about SIXH. That was ignored but I am 7% on the day!
As you say disappointing, given Malcy's opinion. But Perhaps Malcy's reputation is tarnished after puffing up HUR just before the problems came to light.

For the avoidance of doubt, I do hold SDX so I am as 'pleased' as you all are. Grrrr!

[paleje] 05/7/2017 11:24

Yes DS the trades screen is showing buys as sells, I know cos I just added, but there is genuine downward pressure coming from somewhere.

[dsmith57] 05/7/2017 11:19

Really disappointed with the reaction this morning. Now below what we were without South Disouq. It is simply irrational. The strong among us will hold tight looking at paper losses for now and focussing on the bigger picture with a time scale of more than the trader's nanosecond.

[cashandcard] 05/7/2017 11:18

soulsauce,


I think some investors have got worried by the resource report. It is disappointing given what was said by management. However, I see it as a blip in the road - we will get past it sooner or later.

I would urge all to look at the entire portfolio, where there is a lot of planned activity coming up. The company has a diversified stable of assets, oil gas and soon gas-condensate. There is a lot in play here.


Cash

[captain james t kirk] 05/7/2017 11:15

Yes AIM is full of chancers on both sides of the fence.
Companies and "investors."
There are also a smattering of prudent people and at the end of the day, you pay your money and you make your choice.
Perhaps the extended flow tests will tell us more.
By the way, leaving AIM wouldn't have changed the CPR.

[soulsauce] 05/7/2017 11:02

Very disappointing to see some of the comments on here this morning. Some who had said this was way undervalued at a higher share price than today even before SD now seem to want to question every little detail. Fickle or what.

Yet there is a little English oiler with a moron at the top which MAY have a decent find in southern England and the mkt cap is way more than this.

Please PW leave Aim, it's full of chancers.

[cashandcard] 05/7/2017 10:29

rackers1,


Leave aside Malcy, many expected HUR to be at a higher shareprice. But the markets always get their pound of meat, especially with companies that have no cashflow generating assets.


Cash

[paleje] 05/7/2017 10:29

Different circumstances, much self inflicted, did for HUR, rackers but it should recover. Take your point about Malcy though and he never adds a timeframe or criticises management and rarely regimes.

[cashandcard] 05/7/2017 10:28

palaje,


I doubt it.


Cash

[rackers1] 05/7/2017 10:21

Malcy was bullish on HUR too . Look where that is. Talk of 100p when it was in the 60's
His forecasts to take with a pinch of salt imv.

[paleje] 05/7/2017 10:18

Is the growing possibility of a war in which Egypt would certainly be involved bothering investors? I know it could be good for poo but might operating become difficult or might Egypt even decide it needs to raise more money to pay for it? Just a thought.

[cashandcard] 05/7/2017 10:17

Fair points there.

Cash

[tournesol] 05/7/2017 10:11

Hi Cash

Even using the 3C I still don't follow M's arithmetic.

And of course the key issue is timing. I think it really matters whether we are talking about this year, or next year, or 5 years ahead.

T

[captain james t kirk] 05/7/2017 10:08

Aggregated over 4 prospects and 5 leads.
A lot of drilling still to be done.

[cashandcard] 05/7/2017 10:02

Tournesol,

He's combining 2C and 3C. A bit sloppy I know, especially considering those 3C numbers are aggregated over a number of structures, not one - so the single well hypothesis can be ignored.

I think the underlying point is, given all their assets, and a clear intent and pathway towards monetisation, they are looking cheap at this stage.



Cash

[tournesol] 05/7/2017 09:55

I'm struggling to equate 2C of 47BCF plus a couple of million bbls of condensate as 50 mmboe - is it my eyesight or my arithmetic that's at fault?

I'm struggling even more to conflate/equate 2C resources and 3C resources with 2P reserves. Such an equation is grossly premature and extremely unrealistic in my opinion. It is quite possible for the long term outcome to be somewhere in the region of Malcy's figures but it will be years before that happens and the market will certainly not credit/recognise the implied value for a very long time. In that time the share price may well drift around all over the place.

The market is full of small E&P's whose shareholders are hanging on grimly for the arrival at the broad sunlit uplands. In the meanwhile they are subject to share prices which are taking a random walk through a minefield. I've had more than my share of unexpected explosions, and I am resolved to avoid them.

T

[deltrotter] 05/7/2017 09:50

Yeah, not sure I have heard him say something which such conviction. Almost angry at the reaction.

[soulsauce] 05/7/2017 09:49

One or two possible gems ;-)

[rapiddave] 05/7/2017 09:48

When was the last time you heard Malcy say "Should be bought" in regards to a share? That's conviction.

[deltrotter] 05/7/2017 09:44

Malcy's thoughts:



"SDX is rapidly becoming the gift that keeps on giving as every report to the market gives more potential for value add in its African portfolio.... Today’s share price move is just completely wrong, SDX is increasing in value all the time as today’s report shows, On every measurement possible, with reserves increasing, valuable production not far away and a top quality management team busting a gut to deliver added value investors in SDX should cont their blessings, commodity risk apart their company is cheap as chips and should be bought."

[micktrick] 05/7/2017 09:43

Malcy's blog

hxxp://www.malcysblog.com/2017/07/oil-price-sound-energy-echo-energy-president-energy-amerisur-resources-sdx-energy-empyrean-energyand-finally/

[puzzler2] 05/7/2017 09:43

Well, Malcy is very bullish:

"SDX is rapidly becoming the gift that keeps on giving as every report to the market gives more potential for value add in its African portfolio. Today it releases an operational update which starts with a resource update, its CPR on South Disouq gives it 47-180 Bscf of gas and 2.29-8.73 mmbbls of condensate. With the company moving to an early production system that is scheduled to bring it on in early 2018 (and may be sooner), value is coming from this source amazingly swiftly. Put another way this is 50m boe on a single discovery and their 55% WI gives them 29.6mmboe which is 3x their current reserves, seriously boosting the bottom line.

In Morocco things are hotting up as the rig is being mobilised and on schedule to spud in September whilst at Meseda the kit to facilitate the long awaited production increase is being tested. SDX is showing signs of aggressively progressing its portfolio and new opportunities are being assessed all the time, the recent oil price dip has delivered one or two possible gems I am led to believe. Today’s share price move is just completely wrong, SDX is increasing in value all the time as today’s report shows, On every measurement possible, with reserves increasing, valuable production not far away and a top quality management team busting a gut to deliver added value investors in SDX should cont their blessings, commodity risk apart their company is cheap as chips and should be bought."