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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (46672)	8/13/2018 8:43:55 PM
From: Goose94	Read Replies (1) of 203329

SDX Energy (SDX-V) top pick from Josef Schachter on BNN.ca Market Call Monday Aug 13th @ 1200ET SDX is getting ready to bring on natural gas volumes in Morocco and Egypt in the next two quarter, which will double production levels into year-end 2018. EBITDA rose sharply in Q1/18 to US$7.4 million from US$1.6 million in the same quarter last year. Volumes in Q1/18 were 3,036 barrels of oil equivalent per day (boe/d) and should rise to over 7,500 boe/d in Q4/18 and an exit number that could reach more than 8,000 boe/d. SDX has no debt and cash at the end of Q1 was US$29.3 million. Removing cash, SDX trades at only 3.5 times 2018 cash flow. This is a very cheap stock. It’s on our Action Alert BUY list and we’re investors in this company. We have a one-year target of $2 per share for SDX upon reasonable upcoming drilling success and meeting their exit volume target. Our bull market target is $5 per share. We recommended the stock in 2016 when it was at $0.30 per share, again in 2017 when it was at $0.80 and now at $1.09. The reason for the repeat recommendation is that production has gone from 1,200 boe/d in early 2016 to 3,036 boe/d in Q1/18 and to an expected exit rate this year of over 7,500 boe/d. Their success with the drill bit is the reason for the volume gains. We recently added to our position in SDX.

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