Sdx Energy Share Discussion Threads

[haideralifool] 03/1/2019 16:33

The vol today was 350k, the average daily vol in the last year was 580k, so just seems like a quiet day when someone has decided to get some.

[ifthecapfits] 03/1/2019 16:31

It was - but not right away. Took a day or two from memory.

[plentymorefish] 03/1/2019 16:22

More likely some shorts closing and/or bottom feeders than any rumour. Last time there was a rumour, the share was suspended

[plentymorefish] 03/1/2019 16:06

Well this is what that poster said on the 29/8/18:

"Been investing for over 15 years and I must say this company as all the hallmarks to deliver and beyond, plus their management is one of the best I've seen for along time.... I'm not selling a single share as sdx will be double of what it is today by year end!!!"

He was half right as the share price did move by half, but unfortunately it went the wrong way!

;)

[thegreatgeraldo] 03/1/2019 16:01

Guessing we're not talking Fleetwood Mac here?

[tournesol] 03/1/2019 15:55

what rumours?

[ifthecapfits] 03/1/2019 15:54

Where did you hear those rumors?

[potential] 03/1/2019 15:49

Rumours of BP about to steer again - get in whilst you can ad this time it's going to happen :) GL All

[small_holding] 01/1/2019 07:33

Anyone wondering why our Directors are not buying shares at this low level may want to look at the Long Term Incentive Plan (LTIP) introduced 31 July 2017.
Under this scheme Paul Welch was awarded 770,500 shares in 2017 and 732,337 shares in March 2018. Mark Reid was awarded 555,555 shares in 2017 and 561,798 shares in March 2018.
These are not options that can only be exercised at a predetermined price, these are awards that only have to be held for 5 years. There are “stretching strategic, operational, financial and shareholder performance criteria that must be met for the LTIP’s to vest” but I can’t find out exactly what these criteria are. As shareholders we have seen the share price drop 36% this year and South Disouq was not delivered as promised. Whilst we have suffered financially they have seen a bonus equivalent to 100% of their salaries. Why don’t the directors buy shares? They don’t have to.
This LTIP is voted in every AGM and I for one intend voting against it. A purely share priced based bonus scheme would surely better focus the minds of PW and MR.

[tombul] 20/12/2018 04:44

Brave and honest.

[darola] 19/12/2018 18:09

I’m loading up in LVCG.

[john henry] 19/12/2018 17:34

Darola where do you see better value, certainly not in the O&G sector.

[shakeypremis] 19/12/2018 17:25

At $10/mscf and 10mmscf/d, SDX nets about US$26m in profits from Morocco... jus sayin...

[darola] 19/12/2018 17:23

Ha. You could be right. I’ll be back! It’s too good. Just think there is better value elsewhere...

[shakeypremis] 19/12/2018 13:36

Darola selling out? Today perhaps? Possibly a contrarian indicator (not that I expect this to re-rate much higher any time soon).

[darola] 19/12/2018 13:22

I’m out for now. When the share price stops it’s free fall I’ll be back. Don’t even mind paying more than I sold for, at some point this will head north. But right now it’s as unloved as Jose Marinio

[ifthecapfits] 19/12/2018 09:50

Why is Brent trading at such a premium to WTI?

[plentymorefish] 19/12/2018 09:23

Meanwhile, the share price is doing a great impression of Status Quo - 'down, down, deeper and down'!

[plentymorefish] 19/12/2018 08:49

He's either brave or stupid to post in that way. I don't know the rules on libel, and whether the anonymity of a BB offers protection, but if PW were of a mind to, surely he could seek some sort of recourse?

[shakeypremis] 19/12/2018 08:41

Sod off Tombul.

[cwmwillis] 19/12/2018 08:13

Look out!!

The Rednecks are awake!!

[hockey_puck] 19/12/2018 07:23

The company, and its CEO, is not delivering on its guidance - not even close.

The average entitlement production for Q3 of 2018 was 3889 boed. The entitlement production average over the first three quarters of 2017 was 3587 boed (pro forma). That's a whopping increase of 302 boed.

Note as well that there seems to have been a recent drop in production from the Egyptian oil fields, after a short-term spike: The entitlement production on August 23, 2018 was 4444 boed (as per the Q2 report), well above the reported average daily production for all of Q3.

The company is losing cash. It had $30M at end of Q3 2017. The company has $18.7 million now.

Few solid details about the SD development plans leaves one with little confidence that there will be 8k boed coming online in the first half of 2019.

[tombul] 19/12/2018 01:09

Shakeypremis,here is a multiple choice question for you.

Who was right about SDX and Mr. Pinocchio from day one?

a)Shakeypremis

b)Tigris72poo

c)Tombul

d)angelaj6611

[tombul] 19/12/2018 00:55

In Canada, we call PW Dilution Lover, Mr. Pinocchio.

What do you call him in England?

[shakeypremis] 18/12/2018 15:59

Easter? I doubt it. I think we are in here for a long hard slog. While South Disouq has been pushed back a couple of times, to be honest the upside from it should be priced in by now. I think it's going to take quite a bit more to shift this up, especially during a recession, stock market bear and oil market bear. That said, it doesn't mean this isn't undervalued. Perfect time to buy more shares.