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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (18593)	1/9/2017 8:09:52 PM
From: Goose94	Read Replies (1) of 203362

SDX Energy (SDX-V) top pick from Josef Schachter on BNN.ca Market Call Monday January 9th @ 1300ET SDX is a junior energy company with a $50 million market cap focused on oil and gas exploration and development activities in Egypt. They should more than double crude oil production in 2017 from the development project at Meseda to >2,300 boe/d by the end of Q2/17. In February, they should spud the SDX-1 well in South Disouq (55 per cent interest) with three targets. The focus is on two natural gas zones (potential >400Bcf) and a deeper oil target with a range, if successful, of 10-50mb. Either of these would be worth >$1.00/share to SDX shareholders. The company should generate $10-12 million of cash flow in 2017 from Gemsa and Meseda, or $0.12-$0.15/share. We believe that the stock trades at the value of its Gemsa and Meseda assets and has no value to the imminent high-impact well, which could significantly change the prospects of the company. News on the well should be out in late March and if successful, production of any material resources of oil or gas could be on-stream in Q2/17. Our 12-month target price is $1.20/share.

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