Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Investors chronicle (IC) included them in their AIM 100 Feature at #77. An interesting coverage. "Lofty buy-and-build promises are de rigeur for IPOs on the junior market, although somewhat unusual when it comes to oil and gas stocks. Between listing in February 2017 and creeping into this year’s top 100 Diversified Gas & Oil (DGOC) has proved that the business model is feasible even for energy stocks. It involves buying portfolios of low-cost, low-risk and long-life oil and gas wells in Appalachia for no more than four times’ annual cash flows; reducing overheads and margins and guaranteeing stable cash flows through hedging; and using those cash flows to grow dividends and fund new acquisitions. As a $180m equity raise to fund two such deals recently showed, DGO has the ear of income-hungry investors, and the track record to suggest it can repeat the trick again. Indeed, management’s ability to find more deals at the right price is likely to be the bigger driver of shareholder value in 2018, as natural gas prices – although hedged and profitable at their current levels – have proved volatile in recent months, and are forecast to remain below $3/mmbtu. At 85p, the shares carry a trailing dividend of 4.6 per cent. Buy. AN'
"The Rabul 5 well was recently put on production, using an ESP completion, and came on at just over 2,000 barrels of oil per day from the Bakr sand." just keeps getting better.
Thank you! Looking to add JOUL to my portfolio. Looks solid and has had a good month. Run up to 400p on the cards? Speak soon guys.
Presentation at the bottom of page 25... 'We're still cheap! @ �0.50/share (but won't be for long!)' Haha at least they know! Can breakeven at around $10 Brent... Very strong balance sheet. https://audioboom.com/posts/6820786-sdx-energy-sdx-cluff-natural-resources-clnr-phoenix-gobal-mining-pgm-and-russ-mould-on-gbg-rcn-rfx http://www.sdxenergy.com/~/media/Files/S/Seadragon-Corp/sdx-energy-uk-investor-final.pdf
Also, I have a feeling that these style rises 2%+ a day will continue, especially if drills etc prove to be good. Well done all for holding out here, it was difficult at times but fundamental research had paid off. I continue to hold.
Thank Laks. I haven't been around much recently, but SDX is my largest holding, with an average of 52p so very happy with its current performance. Hope you're well and investments are good.
Was recommend by IC a while back, then they stated to hold... in fairness to IC, reading the financials they looked good but then the news started going bad - they keep reporting a dominant market share etc which clearly isn't so if they're losing money... dividend of 7.5p was around 10% so expected it to drop at least 10% today. For me; I noticed this as a short position from around 210p. When there share buyback programme was going on in October 2017... I noticed the daily volume was up a lot but then I read into the financials and noted the buyback was to manipulate ratios (or I think it was) and the company wasn't doing too well (at which time IC had them as a buy and then a hold a few weeks after... shortly followed by a sell). There will be winners and losers in this game, but to avoid being a loser never try and catch a falling knife... And this is a red hot one, people will still try and get in here thinking it has 'bottomed' but it's easier to just stay away. Good luck all.
There's your drop.
Looks like you're wrong. RNS states today company is struggling, if not even more so. This is approaching a dangerous area now. SP will most likley drop into 70s possibly 60s on that news today -Further declined consumer confidence -Longer to rebuild it's order intake -Cost increases as a result to stay competitive -Cancelled the 7.5p dividend -Non-executive has resigned who floated the company in 2013.
Results are out. Let's see out this plays out.