Member Info for KeithR39

"A cross trade also occurs legitimately when a broker executes matched buy and a sell orders for the same security across different client accounts and reports them on an exchange. For example, if one client wants to sell and another wants to buy, the broker could match those two orders without sending the orders to the stock exchange to be filled but filling them as a cross trade and then reporting the transactions after the fact but in a timely manner and time-stamped with the time and price of the cross. These types of cross trades must also be executed at a price that corresponds to the prevailing market price at the time."

https://www.investopedia.com/terms/c/crosstrade.asp

It was schachter mentionning the tsx-v delisting. Will come back up next week, like last time, imo. He also mentionned his $2 cad target...

You're right williz, I was really disappointed to get about $2 CAD instead of $4 for IAE online...But the stock has had a dip to $0.40 before the buyout at $1.95... If SDX is in the same pattern, it could be a good time to buy now...JMO.

I also don't buy the "not enough institutional interest in Canada" line. SDX list on the TSX Venture market, not on the big TSX market, where they would have to grow a bit more to meet the big market standards and get on board. The big institutional money is waiting for fast growing companies like SDX. These big guys are usually restricted to buy on the big TSX market. And usually, once a small cap company reach the big TSX league, they fly during the following months, surfing on the big money inflow...I think the set up here is to let the 2 big holders buy us before SD comes online, like it happened with Ithaca. Those who filled up before the buyout from Delek got a pretty good return with the story...All just from my past experiences...

Some good points made, BP resurface?? or maybe a good Reserves Report on the way? Those reports are very conservative, but a lot of wells with a good success rate last year may add something...imo...

And btw, it is possible to trade SDX on the Aim market from Canada, there is an extra fee, but not a problem...

Every time Schachter was talking up beat about SDX on BNN the stock was reacting instantly on the TSX Venture market. Sometimes up to 10%, and settled back down the day after. At noon, he did talk about SDX and mentionned the coming TSXV delisting, the SP reaction followed. I bet we move back up tomorrow...

https://www.bnnbloomberg.ca/market-call

Pretty interesting, he mentions that the company got problems in the BP deal because of the dual listing, implying two different regulations. So, maybe we are heading back to the BP deal, just another bet...

I've been told that major canadian brokers have access to an international code that can get you wired to AIM. Your advisor may just not know, yet...AND, sdx also trades on the OTC (Over The Counter) market, under SDRYF, quoted in USD, precisely linked to the AIM price. Not much volume there yet, but I expect it to jump after the TSXV delisting, IF it does happen after a required shareholders approval vote...In any case, you will never lose your shares and there will be a way to trade them...All just from my personal understanding...

"The well encountered drilling problems and post period end had to be side-tracked. As at
date of writing, it is expected that drilling operations will be completed in the next six to eight weeks and
the Company’s overall financial exposure to the concession commitment is expected to remain at
approximately US$3.0 million. "

http://www.sdxenergy.com/~/media/Files/S/Seadragon-Corp/press-release/press-release-2018/20181126_SDX%20Press%20Release.pdf

Some interest picking up, given today's markets weather, sounds like something is brewing...next catalyst could be egypt government approval, jmo.

Dear Santa -

Here is my christmas list. Its short this year. Following my friend Urraca wish, my list falls down to one item .

Please protect us from a 2019 market storm.

Sorry for this item...

"Using the industry standard valuation of a discounted cash
flow analysis, we derive a RENAV of approximately 115.2 p/share. This
is unchanged and compares to our previous estimate of 79 p/share.
That increase mainly reflected the successful drilling campaigns in
Morocco and Egypt"

We got to be realistic, we face a bear market head wind. SDX has fallow the trend. On the TSX, the energy index XEG is down about 35% since july. As Doubler says, SDX is well positionned with no debt and massive revenues increase on the way. Imminent Q3 results seems to be able to give a kick up. If the market trend persist, they could be very well positioned for bargain shopping in the future. And if we get that US China deal, the market trend will bounce back up for 2019. Add to that the coming OPEC/RUSSIA oil cuts...just on time for the biggest growth phase SDX has ever produce...Could be a good time to buy now...Just my opinion

So, the pop was not because of schachter...

Good find Darola, it explains the pop...but the wrap up sounds good to me...and shakey, as you highlighted first, nat gas seems heading to $5, it should help at some point...

+11% in a few minutes just before the close...

Looks like something is brewing...75k? Hmmm, if bp really want to sell, maybe paul has played the good card by staying independent...let see...

tigris, during the halt the whole energy market has been hammered, looks like we just catched up (down)...

shakey got it, I was just a bit sarcastic...But I really think that no debt and increasing revenues will help us to hold on during this bump. And I think a general rebound will happen soon...

In 2008, no one was expecting crude oil to reach $140 before the big collapse...and at that particular point, Goldman Sachs was talking $200...So, as Doubler says, it's a pretty wild horse...

Looks like recent markets sell off is driven by two things: rate at which the US fed will increase rates, and US mid term elections. People misunderstand impeachment vs destitution, which requires 2/3 votes...Rates are still low, it could turn out to be a good entry point I think...Stocks with no debt and growing cashflow are a good place to be I think...up 1% on TSX today, I felt happy with my SDX corporate bond...News may be in the next corner, we never know...