Sea Dragon Energy Inc. | StockChase
34
Sea Dragon Energy Inc. (SDX-X)

Last Price Recorded: $0.8800 on 2018-02-22

ON STOCKCHASE SINCE Apr 2009

oil/gas
34
Sea Dragon Energy Inc. (SDX-X)

Last Price Recorded: $0.8800 on 2018-02-22

ON STOCKCHASE SINCE Apr 2009

oil/gas

Sea Dragon Energy Inc.


Signal Opinion Expert
PAST TOP PICK
Sea Dragon Energy Inc.(SDX-X) 

February 12, 2018

(A Top Pick Jan 9/17, 21.42%)  In Morocco they are getting $12 US.  See Top Picks.

oil/gas

(A Top Pick Jan 9/17, 21.42%)  In Morocco they are getting $12 US.  See Top Picks.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.960
Owned Owned
Yes

TOP PICK
Sea Dragon Energy Inc.(SDX-X) 

February 12, 2018

They will double production by end of year.  No debt.  Trading at 2.5 times cash flow.  (Analysts’ target: $1.04).

oil/gas

They will double production by end of year.  No debt.  Trading at 2.5 times cash flow.  (Analysts’ target: $1.04).

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.960
Owned Owned
Yes

BUY

In the end he thinks NAFTA won’t be cancelled.  The energy portion is something they need.  They should want to import from Canada rather than OPEC.  He likes the company.  They have no debt.  They had success in wells in Morocco.  He thinks it is a $5 to $10 stock in 5 to 10 years.

oil/gas

In the end he thinks NAFTA won’t be cancelled.  The energy portion is something they need.  They should want to import from Canada rather than OPEC.  He likes the company.  They have no debt.  They had success in wells in Morocco.  He thinks it is a $5 to $10 stock in 5 to 10 years.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.910
Owned Owned
Yes

PAST TOP PICK
Sea Dragon Energy Inc.(SDX-X) 

December 18, 2017

(A Top Pick Apr 7/17, Up 1%)  They get $9US on their gas assets.  They are moving ahead with exploration and development drilling. 

oil/gas

(A Top Pick Apr 7/17, Up 1%)  They get $9US on their gas assets.  They are moving ahead with exploration and development drilling. 

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.940
Owned Owned
No

PAST TOP PICK

(A Past Top Pick Jan 9/17, Up 21%)  They are in Morocco and Egypt and a top pick today.

oil/gas

(A Past Top Pick Jan 9/17, Up 21%)  They are in Morocco and Egypt and a top pick today.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.920
Owned Owned
Yes

TOP PICK

They have new production coming on in multiple countries.  There is attractive exploration potential.  They have no debt at all.  They have lots of cash on the balance sheet.  (Analysts’ target: $0.50).

oil/gas

They have new production coming on in multiple countries.  There is attractive exploration potential.  They have no debt at all.  They have lots of cash on the balance sheet.  (Analysts’ target: $0.50).

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.920
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Jan 9/17. Up 7%.) This is in Egypt and doing about 4000 BTE’s a day. They’ve made some very nice discoveries. They have drilling both in Morocco and Egypt.

oil/gas

(A Top Pick Jan 9/17. Up 7%.) This is in Egypt and doing about 4000 BTE’s a day. They’ve made some very nice discoveries. They have drilling both in Morocco and Egypt.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.740
Owned Owned
Yes

BUY on WEAKNESS

The only Long position he has. Tripled in the last 2 years. Good management team. They have operations in Egypt and know the area. They have operating assets in Masada and in Gemsa, upside in Morocco. Just announced a major exploration success in the south Souk where a large number of discoveries have been made. If this backs off to $.85, it is a buy.

oil/gas

The only Long position he has. Tripled in the last 2 years. Good management team. They have operations in Egypt and know the area. They have operating assets in Masada and in Gemsa, upside in Morocco. Just announced a major exploration success in the south Souk where a large number of discoveries have been made. If this backs off to $.85, it is a buy.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.980
Owned Owned
Yes

TOP PICK

This operates with a team out of Egypt. Producing 4000+ barrels a day now that will be 6 or 7 (thousand?) because they are drilling right now. The reason the stock has popped is because of a high impact well they are drilling which could have 400 BCF of gas and/or 100 million of oil. He has a target of $1.20 without any success of the drill bit. If the drill bit comes in, he will be raising his target by at least $1. (Analysts price target is $0.50.)

oil/gas

This operates with a team out of Egypt. Producing 4000+ barrels a day now that will be 6 or 7 (thousand?) because they are drilling right now. The reason the stock has popped is because of a high impact well they are drilling which could have 400 BCF of gas and/or 100 million of oil. He has a target of $1.20 without any success of the drill bit. If the drill bit comes in, he will be raising his target by at least $1. (Analysts price target is $0.50.)

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.900
Owned Owned
Yes

TOP PICK

He likes Egypt and he likes the management team.  They have very good assets which will double production this year.  (Analysts’ Target: $1.01).

oil/gas

He likes Egypt and he likes the management team.  They have very good assets which will double production this year.  (Analysts’ Target: $1.01).

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.700
Owned Owned
Yes

COMMENT
Sea Dragon Energy Inc.(SDX-X) 

September 6, 2016

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.

oil/gas

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.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.455
Owned Owned
Yes

COMMENT

Their main area is Egypt. Producing 1600 BOEs a day. The stock trades effectively at cash value, so you are paying nothing for the reserves they are producing, the upside from the Meseda play and the work they are doing in South Disouq. It is cheap. For small-cap investors it is a very undervalued security, but we have to see much more robust pricing, and recovery will take much longer than it will for the big caps.

oil/gas

Their main area is Egypt. Producing 1600 BOEs a day. The stock trades effectively at cash value, so you are paying nothing for the reserves they are producing, the upside from the Meseda play and the work they are doing in South Disouq. It is cheap. For small-cap investors it is a very undervalued security, but we have to see much more robust pricing, and recovery will take much longer than it will for the big caps.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.405
Owned Owned
Yes

BUY on WEAKNESS

Egypt.  No debt.  Potentially drilling at the end of the year a high impact play.  They have another play they are doing 3D seismic on this year and could start drilling in 2015.  They have upside, but it will be quiet for the next 6 months.

oil/gas

Egypt.  No debt.  Potentially drilling at the end of the year a high impact play.  They have another play they are doing 3D seismic on this year and could start drilling in 2015.  They have upside, but it will be quiet for the next 6 months.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.075
Owned Owned
Unknown

HOLD
Sea Dragon Energy Inc.(SDX-X) 

September 20, 2013

This one is in the penalty box. It operates out of Egypt. Have hired a new president. This is a work in progress. Has an NAV of around $0.17. Egypt seems to be a place that is still in turmoil but he doesn’t think it is getting any worse. Where they have been producing is off the beaten track, not in Cairo. Just picked up a new property in the Gulf of Suez which should be quite interesting. We are approaching the tax loss selling season, so a lot of people may be selling, which could offer an opportunity for anyone interested.

oil/gas

This one is in the penalty box. It operates out of Egypt. Have hired a new president. This is a work in progress. Has an NAV of around $0.17. Egypt seems to be a place that is still in turmoil but he doesn’t think it is getting any worse. Where they have been producing is off the beaten track, not in Cairo. Just picked up a new property in the Gulf of Suez which should be quite interesting. We are approaching the tax loss selling season, so a lot of people may be selling, which could offer an opportunity for anyone interested.

oil/gas
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$0.080
Owned Owned
Yes

COMMENT

Are the problems in Egypt affecting this company? Company is doing just under 2000 BOE’s a day so production site is not a problem. Apache (APA-N) is also in Egypt and doing very well. Operationally there are no issues because the areas where the company’s work is, is so far away from the problems. The key is that they want to drill some high impact wells. Have a new PSC which takes them in the Western Desert where there have been some home runs. Until they get the go-ahead to drill Shukheir Marine and to move forward with seismic in drilling in the PSC, the stock is going to be held back. Very cheap on a multiple basis but it needs a catalyst and that may not happen for many, many months.

oil/gas

Are the problems in Egypt affecting this company? Company is doing just under 2000 BOE’s a day so production site is not a problem. Apache (APA-N) is also in Egypt and doing very well. Operationally there are no issues because the areas where the company’s work is, is so far away from the problems. The key is that they want to drill some high impact wells. Have a new PSC which takes them in the Western Desert where there have been some home runs. Until they get the go-ahead to drill Shukheir Marine and to move forward with seismic in drilling in the PSC, the stock is going to be held back. Very cheap on a multiple basis but it needs a catalyst and that may not happen for many, many months.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.090
Owned Owned
Yes

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