Opinions
Josef Schachter
SDX Energy Inc.
SDX-LN
STRONG BUY
Dec 17, 2018
They announced results a week ago with production up. The balance sheet is in good shape, they have no debt, and production is up. Next year they will bring another discovery online (Q2). The stock is quite cheap. It is on his action alert buy list.
$0.690
Stock price when the opinion was issued
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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.
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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.
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