Sdx Energy Share Discussion Threads

[quemaster] 02/8/2018 00:45

In post 6616 i did mention that specialist help for hire was out there on trading programs that try to manipulate the market and get the best price for a buyer or seller, I think this would be difficult and risky in a company with the low trading volumes of SDX.

Most of my small oil shares have performed in a similar way this year so feels more like profit taking and market sentiment, wont be long before the next surge upwards hopefully.

[thegreatgeraldo] 01/8/2018 23:03

It's a conspiracy!!! Probably the alien lizards at Buck House......

[greyingsurfer] 01/8/2018 22:14

They're not being "suppressed" they are just not being bought.

[novicetrade68] 01/8/2018 15:17

Following the comments by posters about the SDX price being manipulated, I find it despicable that many of these AIM shares are being surpressed for incredible lengths of time(!), seems almost 10 months out of 12 months per year for some.

For a market that relies so heavily on PI&SIPP money you can draw a lot more investors in if you just let it rise all time, and whoever keeps these shares constantly in a stranglehold should think of a change in strategy perhaps.

[robbiekeane] 01/8/2018 09:14

Agree 100% Potential - this is a vey well run company and I have no doubt it will reward patient shareholders.

[potential] 01/8/2018 09:03

Like I said brilliant opportunity to but in as it's not staying at these levels for much longer!! Been in the markets for 29 years and I've never come across a CEO better positioned and a track record like PW...ignore those negative comments from the minority there clueless!! Plenty of recent presentations to remove all doubts and will highly recommend you have a read!! GL

[shakeypremis] 01/8/2018 08:45

It will get sold in to the Egyptian grid. The Egyptian government will be the penny pinching customer. Of course it would be nice to see that all formalised in an RNS with pricing etc. Might have to wait until SDX get it all connected up. Hopefully they'll actually get it done by the end of the year as they promise.

[darola] 01/8/2018 07:00

I also think it’s a lack of defined revenue stream. It’s one thing producing 8kboepd by end of the year, but who are we selling it to?

[haideralifool] 01/8/2018 00:02

Yep that $10m capital raise was weird for a company as cash generative as SDX. Then again some people were more than willing to follow PWs mantra of no debt...

I think tgg is spot on that the current weakness is all to do with the lack of an on-going campaign. Once it kicks off, or even just before, I think the share price will follow.

[jinxo777] 31/7/2018 15:22

I was referring to the $10M raised in September 2017.

[matchmade] 31/7/2018 14:13

If by "capital raise" people mean the US$10 million Credit Facility agreed with the European Bank for Reconstruction and Development (EBRD), with scope to expand to $20 million, I don't see it as a dilution at all! SDX haven't yet taken on any actual debt or issued any new shares: they have merely agreed an option to draw on a temporary 3-year loan if needed, and it may never be needed, so where's the dilution? The RNS dated 18 July explicitly says: "The Facility will be available for use in Morocco [only] and will provide the Company with an additional liquidity source and the ability to optimize its cost of capital for the funding of customer connection infrastructure and future drilling and field development costs."

We don't know how well negotiations are going with potential customers in Morocco, but it surely makes sound business sense for SDX to arrange this kind of credit facility, just in case it need to accelerate the construction of its Moroccan pipeline network and the connection of its recently-discovered gas fields. Yes, SDX already has substantial cash in the bank and a growing income, but it also has significant capital expenditures coming up in H2 2018 and in 2019, and its available capital may not be enough, if there are good growth opportunities and good customers offering hard cash around, or there's the prospect of another Circle Oil-style takeover on attractive terms.

[thegreatgeraldo] 31/7/2018 14:10

It's probably the lack of a work programme over the rest of the year that is holding the stock back (there's very little drilling planned, AIUI, in the rest of '18 - they're shooting seismic, but that's no good for the traders). Then there's the nagging doubt about an acquisition....

[itsriskythat] 31/7/2018 14:00

Don't at this stage want to see anymore work programmes, only the extra revenue being converted into cashflow.

[itsriskythat] 31/7/2018 13:59

A SD gas sales contract with the Egyptians would wake this up again, any contract, even a low price, at least provides some certainty for future revenue.

Ditto, a new contract signed for Moroccan gas would help the share price recover.

Both contracts would remove much of the risk of failing to meet the 2018 year end target for revenue.

[shakeypremis] 31/7/2018 12:21

I agree with you that something definitely seems off. The share trades so strangely. But hey, the share has delivered if you have invested a little before the both of us. Perhaps the Market Maker was a bit cagey because he knows it's being manipulated or perhaps there is something else going on. Who can say. Not us that's for sure.

I am not quite sure I agree with you about them not needing to raise. They have a very large CAPEX expenditure planned going forward and they probably did need the money. We'll find out I suppose.

I do agree that PW does over-promise slightly on a few fronts, usually with timescales being a little out. I would put it down to excitement and exuberance. He is interviewed on Over-Zealous Directors quite a lot after all.

[jinxo777] 31/7/2018 11:21

No apologies needed shakey, I have worked all my life on a broking floor - I have been called much worse! I had a significant shareholding (300,000 shares) between March 17 and a few weeks ago (I sold my holding and posted here so to avoid any misunderstandings) - I think there is something not quite right with this share (I have spoken to one of the Market Makers a few months back and he was a bit cagey about it, I didn’t know what to make of it to be honest). I think the last capital raise was totally unnecessary and it was a friends’ rates Kind of deal and that didn’t impress me; we had enough cash in the bank and generating enough revenue not to require further dilution. I am also annoyed with PW’s overpromising on the receivables we are due - he said these would be cleared by now (in past interviews) - I am starting to think of PW in the same category as James Parsons of Sound (not a good thing) - he is mr “jam tomorrow” and I am a bit too old in the tooth to fall for that one. Anyway, I hope SDX turns around soon (I will buy back in if some criteria are met) - I am not deramping as I am a long only investor (don’t believe in shorting for moral reasons, even though my morals are pretty loose!!) - off to a bit of paragliding with the little one!

[itsriskythat] 31/7/2018 10:26

Good point. The bigger the fall when the South Ramadan RNS hits, an opportunity to buy more for the rebound.

[jinxo777] 31/7/2018 09:29

And when South Ramadan is announced as a duster another 10% will be wiped off the share price - it is beyond logic that the markets don’t see the value in the company - I am starting to question Pw’s leadership - so far had delivered very little shareholder value and that is what he should be measured on. The drill can hit as many time as you like but if the share price behaves the way it has in the last 12 months thee are better opportunities out there. I am puzzled!!

[deanroberthunt] 31/7/2018 07:15

madness, now 60% discount to NAV....which is increasing monthly !

[itsriskythat] 30/7/2018 20:27

On the TSXV chart the level C$0.96 was resistance, now support?

[brasso3] 30/7/2018 18:08

There is a lot of support around 52p. I would prefer to see 55p hold though.

[grale22] 30/7/2018 16:48

I doubt we'll see much movement until we start seeing good revenue. The drilling success seems to fall on deaf ears in the market here.