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Bullboard - Stock Discussion Forum SDX ENERGY INC SDRYF

"SDX Energy Inc is a Canadian company which is engaged in the exploration, development, and production of oil and gas. The company owns an interest in several producing concessions such as NW Gemsa Concession, Block-H Meseda production, South Ramadan Concession, South Disouq Concession, Sebou Concession. Its exploration concession includes Lalla Mimouna Concession and Gharb Centre Concession." see more

GREY:SDRYF - Post Discussion

SDX ENERGY INC > I have just took a position in this company and
View:
Post by flush777 on Jul 31, 2017 2:15pm

I have just took a position in this company and

this was a case that I wish I was in the stock earlier.

I am pretty excited ... A big factor was the stability in Egypt where my spouse and I spent 3 weeks as a tourist a couple of years ago.

The new regime is about 5 years old (me thinks) and it seems that military leaders in power in Egypt during the past govern for 20 to 25 years so I expect that the discount in third world regime change countries is unwarranted if there is a couple decades of stability which I foresee.

Flush777
Comment by tigris72poo on Aug 01, 2017 12:21am
Welcome on board flush! Of all the reasons to own SDX , political stability in Egypt has to be the weakest. I hope you are proved right but I wouldn't count on it. Here are my top 10 reasons (in no particular order: 1. Ultra cheap valuation 2. Debt free balance sheet 3 Fully funded from cash on hand and FCF 4. Meseda low risk workovers 5. South Disouq gas discovery 6. South Disouq gas ...more  
Comment by flush777 on Aug 01, 2017 10:43am
You are absolutely right and I would have to add, demand exceeds supply for gas (World Bank has written on this as industry is shutting down for lack of gas ... and hence a very accommodating political environment; gas used to generate electricity, etc), 75% ownership of the only gas pipeline in Egypt, the alternative to pipeline gas is canister gas sold at twice the price of pipeline gas, and of ...more  
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