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"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

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SDX ENERGY INC > BP deal

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Post by Joseph_K on Oct 03, 2018 11:19pm

BP deal

All I know is if BP gives SDX the kind of deal they gave Serica Energy in Nov/Dec last year, and we have the same kind of 200% jump 10 months later, I'll be a happy camper.

Check it out if you are interested:

https://www.google.ca/search?rlz=1C1SQJL_enCA790CA791&q=LON:SQZ

Click on '1 year' on the chart to see the leap it took.

I had started loading up on SDX just before the halt because I was expecting the new cashflow by year end to have re-rated the stock about 40-50% higher by mid-January. If the deal turns out to be 'Serica level' good, then we might be up even more when the deal closes.

However, if nothing happens and a deal with BP can't be reached, at least we will have been halted while Brent was jumping maybe $10/bbl. When the halt lifts, we should still open substantially higher. Brent might even be over $90/bbl when the halt finally lifts.

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