SDX Energy Share Price (SDX)

Sorry wrong share !!!!!!

Malcy says this is a no brainer while Arden still have reservations until HUR have a plan forward

The calculation is that Sdx will be producing 4000 bond if all the drills come in as predicted based on an oil price of $75 or so, as I understand it. The oilprice is not $75 but $110 and likely to remain so for some time. Boed is not barrels of oil BUT barrels of oil equivalent. In other words, the calculation works at $75 per day but not with $110 per day as gas in Egypt and Morocco is not correlated to oil beyond a notional $75 per day. The calculations of boed should be therefore based on that number with an increment for the actual number of barrels of oil produced multiplied by the uplift beyond $75 to $110, as of now. That will give the monetary and projected value going forward.

There is a surreal disconnect with this share based on uncertainty. How can a Company be getting woeful gas prices when world prices for both gas and oil are historically sky-high? Who has the gas and who is/should be selling it? Is anyone thinking of piping gas to Europe or Alexandria to be liquefied to be sold on the spot market? If not, why not?

At 8.1p and GBPUSD 1.235 Zero Debt firm SDX has a negative Enterprise Value if one takes into account Inventory and Investments (relatively liquid assets) - Insane...

Brent: $110.50
Share Price: 8.1
Shares Outstanding: 205,378,069
GBPUSD Exch Rate: 1.235
Market Cap GBP: £16,635,624
Market Cap USD: $20,544,995
Debt: $0
Cash (1 Feb 2022 Operational Update): $10,600,000
Inventory (From 2021 Full Year Results): $6,747,000
Investments (Egyptian Oil Services Firm per 2021 FY Results): $3,593,000
Short Term / Liquid Assets (Net Cash + Investments + Inventory) as % of Market Cap: 101.92%
Short Term / Liquid Assets (Net Cash + Investments + Inventory) as Component of SP: 8.26p
SP if only Cash taken into account (SDX IS DEBT FREE): 4.18p
Enterprise Value(EV) (Only Subtracting Cash): $9,944,995
Enterprise Value(EV) Sub (Cash+Inventory+Investment): -$395,005
Prod Guidance 2022 (3,300 - 3,550 Mid is 3,425): 3,425
EV/Barrel-USD (Cash): $2,904
EV/Barrel-USD (Cash+Inventory+Inv): -$115
(Minimal Decommissioning Costs)
* Figures are from Official London Stock Exchange Website - given other sources having erroneous/inconsistent data.

*great run with other shares - down 66% on SDX despite holding for over 2 years in an ebullient energy market...