Opinions
Josef Schachter
SDX Energy Inc.
SDX-LN
BUY
Apr 03, 2018
$1.040
Stock price when the opinion was issued
oil
gas
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COMMENT
Trading 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.
oil
gas
PAST TOP PICK
(A Top Pick Mar 16/18, Down 29%) They are talking about de listing on the venture. They have no debt. He has a $2 target. If you do not have access to the AIM, you have to check with them for trading capability. He is going to hold. He thinks it is very cheap. He likes it a lot and does not like that they are de-listing the venture exchange. It is majority European owned.
oil
gas
This year will be a very big year for them. They do business in Morocco, which is a great place to do business this year. They sell energy in Morocco for much higher prices than Canada and the United States. They also had a discovery in Egypt and expect government approval to bring this onstream this year. The company has a clean balance sheet, is sitting on a lot of cash, trades under 2x cash flow. It is very, very cheap. His 12 month target is $2.