Mid Cap Energy Sector, page-3

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rollacoaster

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08/11/18

11:19

Post #: 36430609
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Originally posted by tt2000 ↑

Last night I decided to review some of the other Small Cap plays in the energy sector (the ones with the largest market cap, shown below).

View attachment 1357295

Based on my review, SXY stands out as the best pick (in terms of its 2P reserves), followed by SEA.
COE is also interesting, it has half our reserves, but plans to achieve a higher rate of production, and is also exploring other areas.

The rest were mainly explorers (which I classify as higher risk – yes, one may take off, but how many won’t find anything).

PDN was probably the only exception – it has shut down all operations, but the price of uranium is starting to increase.

Basically, I have affirmed my view that SXY is still the pick (and where my money is and needs to remain). The reason the share price hasn’t gone anywhere this year, is because SXY hasn’t exactly made any progress (in terms of what it said it would achieve by way of further wells and production). Having said this, we have certainly got all our ducks lined up for a stepped change in earnings and production toward the 4mmboe that ID alluded to (plus more if successful, as the projects are being setup with the ability to expand the modular processing plants).

Whilst we wait for drilling of our next Surat Basin wells next quarter, there could hopefully be some short term catalysts:

Success from the BPT free-carry 10 wells that are currently being drilled on the Western Flank

Reserve upgrades (something ID mentioned may happen by end of year – this would make us even more attractive)

News that Ironbark has been acquired by a party other than SXY (or SXY has acquired around $100M-$140M).

Patience is needed, and as long as ID delivers his plan, I think we could all be very happy come this time next year, and thereafter.

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Add to your upcoming catalysts the Gemba Well which should be fracc'd this quarter.
SXY Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Mid Cap Energy Sector, page-3

Top Stories

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Cyclone signs MOU with Vale for development of Iron Bear play

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Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

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