The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
200 day MA sitting at 55p, if we close above it this will fly. Technical chart indicators are a self for filling prophecy with high retail interest. #Return of the Herd
Lots coming, crazy how flat the price is!
SD-4X result if positive - SP 65-70p (last well too 15 days so likely hear on Monday)
Half year results $70 brent will definitely be positive - SP 70-80p
Meseda & Gemsa Workovers
Upgraded reserves audit - SP 100p+
Just needs to get some upward momentum!
Bottom of the RNS "In addition, well testing at the SD-4X discovery is expected to commence in the next 10 days. Following the test, it is anticipated that the well will be connected to the infrastructure located adjacent to the original SD-1X discovery."
Broke the 25, 50 and 100 (just) EMA now heading back up! Gotta love the HFT's tying to accumulate, mid to late 60s by the end of the week IMO. Hold tight people!
Zamsort is where the real value is, any uplift in Akyanga is just a bonus IMO.
IMO I recon its a combination of HFT manipulation and short retail getting bored. Interesting looking at the chart that it dipped below resistance then came back up again, potentially the HFT's trying to trigger some stops while accumulating. Think next news should hopefully see this back in the 70s, but it needs some momentum behind it to break into the 80+ mark. I suspect half year results and another success in Egypt will do the trick! Fingers crossed anyway!
SDX really cannot catch a break, seemly no appetite for any kind of negative news, even if combined with positive news. Once PW realises some of the revenue from both SD and Moroccan discoveries I am confident the SP will realise its true value!
Paul will be watching it closely, as he also use to be the CEO of Chariot!
In short yes! The significance LNB-1 having the heavier component in the gas (thermogenic - heat and pressure source) is an indication for a working "oily" petroleum system, same thing was found in Gulfsands DOB-1 well at the base, all the other Gas discoveries are Biogenic (locally sourced by bugs). Major issue here is the geology as there is a Miocene Molasse which is very difficult to image through, so I doubt SDX will chase the oil in the next few years If ENI/Chariot find something I think there will be a mad rush to Morocco and SDX will be in a fantastic postilion to capitalise on it with good relations with the Government. Fingers crossed for ENI I have a small amount on it as a punt lol!
09:30 to 16:00 in Canada so 14:30 to 21:00 for us in the UK.
Fingers crossed no news is good news. However, from an operational perspective if it was dry I would imagine to get an RNS earlier than a discovery, I would image they are at TD and awaiting logging equipment delayed by the rain at a guess.
IMO big funds are cautious of Egypt due to the historic receivables issues. However, the Egyptian government has made significant headway with this an SDX are very good at getting paid. With regards to the scaremongering regarding conflicts and political stability of Egypt you have to remember Saudi have big interests in Egypt and a very good relationship, its highly unlikely if anything did kick out Saudi wouldn't step in and quash it. If SDX prove up and start producing SD at its full potential the current market cap won't stay at 100 mil for long! Great news today but I suspect we won't see the full SP potential overnight unless SDX do something about it and pay a special dividend to show financial strength, which is never going to happen!
Shujja is right this is a long term investment. Syria and ultimately GPX is not going to recover over night but they may double or triple in the meantime. Buy and forget and don't worry about price variations at 5p with the current volume they would have a MC of 25 million, but remember when Syria was producing GPX was an approaching $1 billion dollar company with a new discovery just before sanctions. Even if recovered to half of that the shares would be £1 each, full recovery £2 plus more development of the prolific block 26 skys the limit. See the current falling as a buying opportunity! (Former Insider!)
Called it! "Unless of course they just take a loan from Waterford"! Fantastic news no more dilution!
My only concern is their current cash position and the potential need to raise equity diluting the shares again, unless of course they just take a loan from Waterford. Other than that this could rocket, with a 50 million market-cap and 80% of shares locked up this will move fast. Just before the war GPX were a approaching $1 billion company and it had just made another discovery which was never followed up, should the talks go well I think we could easily see 100% with maybe up to 400% if talks end with sight of sanctions being lifted. Just wish I was in the position to risk more too much locked up in SDX!
Thanks Shujja. This will be an interesting watch over the next year.
Hey, relatively new to trading. How do you find out the free float. Peace talks on the 20th Feb, rebels spit down the middle and even the uk reversed its view on assad re-running in an election. Fingers crossed a solution is found for the Syrian people's sake this has gone on for far too long.