Sdx Energy Share Discussion Threads

[littlened] 02/8/2022 09:05

Auctus have a price target of 22p and seem keen on the Aleph connection

[winnet] 02/8/2022 08:46

There are a lot of opportunities here. Aleph has seen it, we've all seen it, we just need management with the vision and ability to execute it. My view is a sale of low-yielding assets as a first, diversify into other geography using our newly acquired networks.

Like Haywards Duck analogy, doing the same thing over and over again and expecting a better or different result is hardly a strategy.

[tnt99] 01/8/2022 20:32

If the cost of drilling is so low why are they posting a loss on the books Surely the increase in production must feed through to the bottom line

[tombul] 01/8/2022 18:54

Aleph will replace the blood suckers with a qualified CEO with vision.

[thegreatgeraldo] 01/8/2022 13:29

..." with Aleph's financial, technical, and commercial support will enable SDX to increase its production and cash flows multiple times over the next 24-36 months. This will be achieved by investing in existing operations and acquiring assets in jurisdictions, where Aleph has long-standing access and relationships...."

Any ideas as to where Aleph has "long-standing access and relationships"?? Odd they didn't mention it in the RNS.....

[haywards26] 01/8/2022 10:45

SDX in current form is like a duck on a pond...legs going crazy under the surface whilst the duck is not moving...SDX are working hard just to standstill at best.

Hopefully the new shareholder will improve management, tighten the cost base and enable a much more aggressive value add strategy.

O & G sector with all the dreadful Russia conflict is in a sweet spot and has never been so favourable..

[sclper] 01/8/2022 09:34

Meant to say the 4017boepd average production during Q1

[sclper] 01/8/2022 09:31

Someone on LSE pointed out that average production in Q2 was 3431boepd a fall of 15% from the 4017 average in Q2. We obviously need better operational performance to help the share price recover

[baldguvnor54] 01/8/2022 09:30

The announcement today also made no reference to any share buy back- in fact it sounded like Aleph wanted investment speeded up- I restate my view that those that are looking for a share buy back are going to be disappointed
Aleph are canny, and will I expect drive performance in the medium term, but am expecting there to be a wait before we see performance- the "coming months" may be optimistic.
It will be interesting to see if the CEO CFO do keep their jobs in 3 months- be good to see the Board accepting they screwed up on Tenaz- also interesting to see if any of them put their money where their collective mouths are and buy some shares- if any sell they should be strung up (metaphorically speaking). Words are cheap.
Maybe , if the share price stays at 10p, Aleph will take it private. thinking about it, I expect further, continued disappointment- it is a very small company with a weak board- Aleph are an unknown quantity- will watch, but am tempted to sell

[haywards26] 01/8/2022 09:13

The first announcement today did state that the company will issue more detailed plans over the coming weeks.

Today's announcement all read a little too good to be true to me. Maybe I am just too sceptical.

I am calm/patient, awaiting the plans and hopefully significant shareholder value over the coming months.

[baldguvnor54] 01/8/2022 09:00

Their statement is explicit in supporting Mark Reid, but also looking to strengthen the management team. I don't expect any heads to roll from the executive- I guess Aleph may look to change some of the NEDs and put their own person on as Chair asap
The announcements were positive, but no reaction on share price- I guess there are a few holders who backed the tenaz deal who are now looking to exit their holdings- it won't be a straightforward ride for the share price from here.
I expect the price to be becalmed for some time to come- positive words about intent in an announcement are easy- action takes longer.

[sclper] 01/8/2022 08:21

I was hoping the new major shareholder would replace the existing directors but the quote from them in today's RNS suggests Mark Reid will continue in his role :-(

[slicethepie] 01/8/2022 08:12

And how much this has cost us!

[tnt99] 01/8/2022 07:46

Great news on the production figures and news front with the new saviour shareholder But no mention of their abysmal failure and flawed plans in the give away takeover questions must be asked and heads must roll

[tombul] 30/7/2022 17:22

Shareholders MUST get rid of the blood suckers asap.

[winnet] 30/7/2022 17:00

Management has overseen massive shareholder value destruction. I am not close enough to them to question the legality of their actions, but at best they are incompetent.

The basic problem is they spend too much of the income on replacing the reserves and are unable to negotiate satisfactory deals in terms of pricing. Always hedging to the downside, so the business survives, they get their inflated salary but we shareholders don't get a divi or share price growth. In fact, we have seen the opposite.

I fully expect the buyback, which was overwhelmingly approved to start in earnest. Aleph doesn't have enough firepower to stop it and let's be honest, it's probably the only thing that will save Box and Reid now.

But yes, Aleph surely can't have got 25% to now sit on it and let the chuckle brother carry on... Surely not...

[baldguvnor54] 30/7/2022 14:20

It looks like very few "independent" shareholders voted for the scheme- shows just how unpopular it was. Total car-crash.
Aleph will make a difference. Since the bizarre behaviour of waha management have had an excuse- they couldn't fund the business nor move forward- that excuse has now gone- they need to deliver.
I don't expect a share buy back- I do expect the company to start putting their cash to work, with assistance from Aleph. In fact i would be astonished if there were a share buy back.
We need to hear from Aleph as to what their plans are.
Some of the language in posts is a bit OTT, I have seen no evidence at all that the management are "crooked"- but equally seen no evidence that they are competent- spotlight on them now.

[winnet] 30/7/2022 12:39

totally agree TNT99. Interesting that there was less than 100 votes cast...

Shows how much we little people are in the hands of others.

[tnt99] 30/7/2022 09:17

Great news now the management of both companies have some explaining to do And in my view heads need to roll and what action if any they intend to take concerning the buyback scheduled to start in H2

[tombul] 30/7/2022 00:00

As I said before many times, shareholders must get rid of the blood suckers first. Until then, nothing good will come out under this crooked management.

[slicethepie] 29/7/2022 22:08

I wonder what this has cost sdx shareholders, the corp finance crowd will no doubt have stuck a big bill in for their advice(sic)

[dgarvey] 29/7/2022 16:21

Reading between the lines, Tenza tried a vary cheeky offer and got a slap in the face. They don't have the cash or production to mount a realistic bid, whilst their valuation on the canadian exchange is excessive compared to SDX.

[haywards26] 29/7/2022 15:28

Great news :) Hopefully the new majority shareholders will sort out the bunch of clowns running SDX next.

[ppvn] 29/7/2022 15:08

A good result. Look forward to the update from the SDX board and hopefully confirmation of the buyback which was scheduled for H2.

[jacksonyoung] 29/7/2022 14:50

As announced on July 18, 2022, Tenaz had reserved the right to elect to implement the transaction by way of a Takeover Offer in compliance with UK and Canadian regulatory requirements. We have completed our evaluation of this alternative and have determined that it is not in the best interests of Tenaz shareholders to proceed with a Takeover Offer.