The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Things are finally turning the corner for egypt, no hopefully sdx can recover too..
https://oilprice.com/Geopolitics/International/Egypt-Seals-Historic-35-Billion-Development-Deal-with-UAE.html
The IMF is just a tool for US to control the poorer nations, thankfully the Saudis and UAE are using their brains and outbidding western funds. They will not allow egypt to go bust but rather control it.
As for sdx holders, they should continue to hold.
"Petro Disouq established and operated a South Disouq natural gas treatment plant, natural gas production lines, and natural gas shipping lines in the South Disouq concession, with investments of around $80 million since 2014.
It is worth mentioning that Petro Disouq is a JV between the Egyptian Natural Gas Holding Company (EGAS) and SDX Energy, and was established according to a ministerial decree dated April 9, 2019."
I told you the infrastructure has value, egas and sdx have spent $80m on the infrastructure. This is why a large operators are interested in our Egyptian asset. They will use the infrastructure to put their own production in.
What wrong with the sp today? You can sell at mid price 4p.
Littlened- The fact that we know West Gharib sale price is $6.9m, South Disouq price will be higher. I recall it took along time for sdx to get in production in SD. SDX part own the infrastructure even the processing facility. Large buyer are interested because they will save money and time by not building their own gas pipeline etc.
Its been a long time since the financial problems happened for egypt, we are hearing egypt is close to signing imf deal this will be positive and put more value on sdx asset in egypt.
Continue to hold down here there is value.
Littlened
Ever get the feeling sdx put their eggs in one basket, remember they received multiple offers for their egyptian assets, so there was more than one party.
They signed HOT with one party back in aug 23, almost 6 months now. It has to be soon. Me think they will announce SD deal with the WG sale..
Come on sdx.
Bad news for our neighbours PRD, testing didnt go well.
Sdx remain the only gas producer in morocco with its own infrastructure.
Just the management need to get finger out and dispose the egyptian asset.
Anyone got feedback from company?
Of course on the books it valued more but i believe this is the target sdx will be looking at, by tellling us they agreed $6.8m for WG it makes sense.
So literally around £16m which is double the mkt cap and then sdx also keeps moroccan asset. The pipeline in morocco has some value. Its feeding the industrial town of kenitra. The board just need to get their finger out..
It largely make sense, i recall when Amc sold their assets in Russia it took ages to get cash out due to sanctions.
Nevertheless, i see egyptian asset going and it looks likely we will get in the region of $20m. Current mkt cap only 8m. Hold and be patient.
Legache
With the right PR this can easily go up 200%.
We know they have got $6.8m for WG and they will get around $13m for the rest in egypt, in my view. Thats $20m with them keeping moroccan asset. Sdx being the only producer in morocco.
Now imf are also saying a deal with egypt is close. They might