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Opinions Josef Schachter
SDX Energy Inc.SDX.LCOMMENTSep 06, 2016
Josef SchachterStock price when the opinion was issued
As of Aug 02, 2024. Market Open.
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Josef SchachterJosef SchachterJosef SchachterJosef SchachterJosef SchachterTrading has been halted for a week or two because of rumours of a reverse takeover. Trading has been halted by the London Stock Exchange until SDX either does the deal or does not. He has no information about the takeover. He still likes the company because it is significantly increasing production from discoveries already made, in line with expectations it has set at conferences. All the things they’ve talked about, from an operational point of view, are happening. He thinks the stock is cheap and he assigns a $2 target to it. But valuation might change with the details of the deal.
Josef SchachterThe company is sitting on $25 million in cash and has no debt. The company will hit 8000 boed before year end with upside in Egypt and Morocco, he thinks, and up to 20,000 boed within five years. He has a $2.00 per share target in the next 12 months and owns it personally. Yield 0%. (Analysts’ price target is $1.32)
Josef Schachter(A Top Pick November 9/17 Up 8%) Production volume growth in Morocco and Egypt has been very positive, rising from 3300 boed in Q1 to over 4400 boed. New discoveries are being tied in by pipeline, allowing production to rise to 8000 boed by year end. He has a $2.00 per share target and owns it personally.
Josef SchachterThey are adding production over the next 2 quarters from discoveries already made. While the stock has tripled, production has gone up 5-6 times. He has a 1 year target of $2.00 and a 3-5 year target of $5.00. (Analysts’ price target is $ 1.36)
Josef SchachterThey just announced today that their forth well came in successfully. They are going to be bringing this production on. They have no debt. He has a $2 one year target. (Analysts’ target: $1.37).
Josef Schachter
Operates out of Egypt. In the 2nd quarter, they produced 1170 BOEs a day, Q1 was 1252. Trading at a discount to BV at the end of Q2. They are sitting on cash and have no debt. He likes the story and is one of the few junior oil/gas stocks that he owns. They have production from the Meseda field, a development project and an exploration project called South Disouq, a natural gas with liquids play, potentially a home run.