Member Info for shakeypremis

Don't they have to have bought shares here? They crossed a 5% threshold. And the only way you can cross a 5% threshold and end up with 5.2% after doing so is if your holding beforehand was less than 5%. So they have to have bought shares recently after presumably selling a lot earlier in the year but they never notified about that did they as they would have crossed 5% to the downside. I am very confused.

Shouldn't someone be able to see large buy orders with level 2? Perhaps there isn't one or several massive orders. But a large buyer concealing their intent by putting through many smaller orders (or just because smaller order sizes wouldn't move the market so much)?

Despite the trades being on the Bid side of the spread, the bid price being offered is rising (a bit).

If I had just come across SDX (and done my due diligence) then I would jump at the chance to buy SDX at these prices. Can't understand the constant selling. Although the price isn't falling back at the moment which indicates buyers are taking them.

Guys we are obviously in the wrong share. Look at the blockbuster news from UKOG which only has 5.2 billion shares outstanding ( soon to be a bit higher but more shares outstanding is better right?), only has quite a lot of debt and produces several hundred barrels of oil a day! Valued at £133m right now which is ridiculously cheap and SDX is clearly overvalued in comparison;

"· Independent oil consultants Xodus Group's ("Xodus") analysis of flow and pressure data interprets that further HH-1 Portland vertical well optimisation could achieve a forecast sustainable initial 24/7 pumped rate of around 362 barrels of oil per day ("bopd")* when full scale long-term production commences, exceeding original estimates. This analysis is key as it establishes the absolute flow potential of the Portland reservoir for future production wells.

· Given the knowledge of the Portland's true flow potential, plans are now being formulated to drill either the HH-1z sidetrack or HH-2 new drill as a horizontal Portland appraisal well, with a targeted* sustainable daily production rate of 720 to 1,080 bopd, 2 to 3 times the forecast calculated* HH-1 vertical well rate of 362 bopd. All planning permissions, Environment Agency permits and the HH-2 well cellar are in place for a horizontal well. If successful it is envisaged that all future Portland production will be via horizontal wells."

Did you read that? I had to double take. Forecast rate of... drum roll, 362 bopd! That really is massive, such high quality oil too. Much better than SDX's, you need about 15 barrels of SDX oil to equal one barrel of UKOGs unicorn tear oil.

What have we been doing in Egypt? The best oiler on the planet, UKOG is right in our backyard!

I also don't put too much faith in PW's timelines and forecasts. He can tend to be a little over exuberant at times. If I had to put money on it, I would say they will miss getting SD online by the end of the year. Near 50/50 with that one though in my mind.

I really don't think the number of shares SDX have outstanding is a problem and definitely not why the share price isn't reflecting true value. I'm not saying I know why the price hasn't risen either but it's definitely not because of 200m shares being too many.

Yep. Like I said, the price action is making people sell a quality investment and thus exacerbating the issue. I refuse to sell though.

So institutions have been buying millions of shares, no one appears to have really sold any and the share price continues to decline in spite of this AND fantastic company performance.

Maybe he's got sick and tired of waiting like probably a lot of other people (which further reduces the chances of this re-rating) or like you say has found something else even better or just needs the money (forced seller).

Smith and Williamson sell, AXA buys;

http://investors.morningstar.com/ownership/shareholders-major.html?t=XTSX:SDX&region=CAN

Thanks for the support guys. Like one of you said, not sure that Angela really frequents this board a whole lot otherwise they'd see my numerous positive posts about SDX. The company is downright awesome, the share price sucks though.

I guess they don't have to report because they didn't have enough shares.

They are like the Terminator, doing T-1000 trades or something.

They will never stop. EVER. Until SDX Energy has been bought out at 57p per share, with 204m shares in issue, at a market cap of just over £110m, producing 30,000 boes per day.

Sigh.

Is this really being held down (again) to allow this sort of thing to happen? I don't discount the possibility. Everything is rigged.

Looks like you were the only person that did buy, Foxykiwi lol. People still selling this down.

Even though all good news here causes share price declines, I suppose we do want an epic CPR only so the share price doesn't fall as much as it would with a terrible CPR.

The mind does boggle at how the market currently values SDX. Essentially zero valuation for future income OR growth prospects.

Trading at under 1.3 x Book Value (which is currently ~£90m). It would be trading at or below book if they hadn't spent about $45m on the value adding exploration and development. Crazy.

Sorry, working interest below should be 55% for Egypt. In Morocco SDX's WI is 75%

Working interest is SDX's share of the production in their license after their partner takes their cut and before the government takes their cut. Entitlement is Gross Production x Working Interest (0.45 or 45%) x Government cut (about 0.5 or 50%).