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SQZ Serica Energy Plc

185.10
-0.50 (-0.27%)
Last Updated: 11:49:17
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Serica Energy Plc LSE:SQZ London Ordinary Share GB00B0CY5V57 ORD USD0.10
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -0.27% 185.10 834,991 11:49:17
Bid Price Offer Price High Price Low Price Open Price
184.50 185.10 188.10 184.30 187.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 812.42M USD 177.8M USD 0.4578 4.05 719.61M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:49:17 AT 414 185.10 GBX

Serica Energy (SQZ) Latest News (1)

Serica Energy (SQZ) Discussions and Chat

Serica Energy Forums and Chat

Date Time Title Posts
06/5/202419:59Serica Energy mobile chart6,168
06/3/202418:35Serica Energy20,708
14/1/202312:21serica energy854
26/1/202219:58plant pot52
30/9/202108:54Serica Energy - History,1

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Serica Energy (SQZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:49:17185.10414766.31AT
10:49:17185.008101,498.50AT
10:49:17185.00296547.60AT
10:49:17185.001,0701,979.50AT
10:49:17185.001,4992,773.15AT

Serica Energy (SQZ) Top Chat Posts

Top Posts
Posted at 07/5/2024 09:20 by Serica Energy Daily Update
Serica Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker SQZ. The last closing price for Serica Energy was 185.60p.
Serica Energy currently has 388,345,933 shares in issue. The market capitalisation of Serica Energy is £719,605,014.
Serica Energy has a price to earnings ratio (PE ratio) of 4.05.
This morning SQZ shares opened at 187.50p
Posted at 24/4/2024 15:11 by farmscan
I still can't understand why shareholders who were angry and disappointed by the company's rejection of Kistos' 425p offer, didn't sell up about a month later when the SQZ share price went to 450, it makes no sense to still be moaning about.
Posted at 14/3/2024 17:32 by mrscruff
Investors need to accept the loony tax is forever and move on. All negative sentiment eventually gets factored into a share price and then the share price can move forward as the revenue after tax is still very strong.

We also need to move on from the high priced Tailwind acquisition that is now at today SQZ share price more than factored in!

A better Chief Executive Officer will be announced at any point would help to change sentiment and drive us forward. I can see any new CEO changing the direction of SQZ and the share price react positively.

This combined with the gas price bottoming should change sentiment and I look forward to 2024 where this looks like a recovery play. As investors we need to think 3+ months ahead.
Posted at 02/3/2024 19:24 by stemis
My mistake! I was being overly generous. What you actually did was worse! You have calculated the 111,048,124 shares they were gifted at £2.18 and came up with £242,085k.

No, I gave both alternatives

Cash - £61,636k
Shares - 111,048,124 shares at £2.18 = £242,085k
Nebt debt taken on was, in the end, £247,235k (£264,835k debt, less £17,600k cash)

A total of £551m (or £618m if we use 278p as the share price, which it was in the announcement).

Which is why, all throughout my post I gave two possibilities. One using 218p (which is the share price used in the interim statements) and 278p (which was the share price in the original announcement i.e.

Therefore net cost/mmboe is (551m/55.5 or 618m/55.5) £9.9 or £11.1 depending on which share price you use.
Posted at 01/3/2024 14:13 by ashkv
It was 26k of gas plus liquids production for SQZ!!!

Moreover, prior to increased windfall tax in Nov 2022 cash post 2022 tax was equal to 205p of SQZ share price - if I recall SQZ cash was this high even after a significant Windfall Tax payment that was made in Oct 2022.

Also SQZ share holders paid 2022 dividends for the shares issued to Mercuria in Early 2023!!! Should be included in the deal cost along with Decom costs!!! Close to USD 1Bn in toto for paltry 15-19k high tax decrepit FPSO production that was hedged for peanuts!!! A scam!!!

2023 dividend to Mercuria shares was in addition to deal costs and not earned from any of their assets - as it accrued from SQZ assets!!!

Let me reiterate the onerous Tailwind 2023/2024 Capex and Decom costs and tragically that the majority of 2023 Tailwind production was hedged at mid 50s Brent...

You should shudder at the Tailwind Deal - not at the low Opex SQZ gas which would still have been hugely profitable and manageable final WFT taxes given the expensive $100mn duster in end 2022

Farmscan1 Mar '24 - 10:25 - 5705 of 5705
0 2 0
A large chunk of the cash has gone in tax (139m) and divis (89m). I shudder to think what the share price would be today with just c23k boepd of gas at £36 boepd before deducting op ex.
Posted at 05/2/2024 15:45 by ashkv
SQZ looks like a good investment today -
SQZ and crude are both oversold,
Leadership overhaul - high calibre CFO bought in and soon a high calibre CEO to replace leader who is not a tier 1 operator,
Opec will backstop,
American oil will throttle down at sub $70 WTI,
SQZ EV/Barrel and EV/2P even for high tax UK are compelling - given negligible decommissioning costs,
Labour has stated that they will not kill the industry - have promised to hold corporate rates at current levels,
I am 90% confident the tax backdating bluster etc is just to motivate their green base - when in the drivers seat the economy and tax receipts will matter more.
THIRTEEN PERCENT DIVIDEND YIELD - LETS SEE IF I AM RIGHT ON THE SAME BEING MAINTAINED OR EVEN BUMPED UP!!!

SP: 176.6p
SQZ Current Share Price vs 52 Week low of 176.6p on 5 Feb 24: 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23: -34.83%
Brent: $76.75
British Gas Prices (Next Month): £71.00
Shares Outstanding: 391,488,867
GBPUSD: 1.255
MarketCap GBP: £691,369,339
MarketCap USD: $867,668,521
Cash GBP [Including GBP28mn of soon to be reimbursed security deposit] (31 Dec 23): £319,100,000
Cash USD (31 Dec 23): $400,470,500
Debt (GBP) (31 Dec 23): £210,000,000
Debt (USD) (31 Dec 23):: $263,550,000
Net Cash (USD) (31 Dec 23): $136,920,500
Net Cash(GBP) % of SP/Market Cap: 15.78%
Net Cash(GBP) component of SQZ Share Price: 27.87p
Enterprise Value (In USD): $730,748,021
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: 44,500
SQZ YTD Production [1 Jan to 2 Feb 2024]: 43,184
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]: 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: $16,421
EV/Barrel SQZ YTD Production [1 Jan to 2 Feb 2024]: $16,922
EV/Barrel Actual Average 2023 Production: $18,214
Decommissioning Provision (Per HY 23 Results): $124,998,000
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision: $19,230
(9p+14p) 2023 Full Year Expected Dividend Yield: 13.02%
SQZ + Tailwind 2P Reserves as of 31 Dec 2022: 130,400,000
SQZ Combined Enterprise Value/2P Reserves: $5.60
Posted at 05/2/2024 10:44 by ashkv
Wow 12.5% dividend - I am 95% sure dividend will be reiterated and likely uplifted!!!

47% upside to September 2023 highs for SQZ...

Lets see if another RNS to the same is released with analyst meetings on 7/8 February 2024

SP: 183.9p
SQZ Current Share Price vs 52 Week low of 183.89p on 5 Feb 24: 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23: -32.14%
Brent: $76.75
British Gas Prices (Next Month): £71.00
Shares Outstanding: 391,488,867
GBPUSD: 1.260
MarketCap GBP: £719,908,878
MarketCap USD: $907,085,186
Cash GBP [Including GBP28mn of soon to be reimbursed security deposit] (31 Dec 23): £319,100,000
Cash USD (31 Dec 23): $402,066,000
Debt (GBP) (31 Dec 23): £210,000,000
Debt (USD) (31 Dec 23):: $264,600,000
Net Cash (USD) (31 Dec 23): $137,466,000
Net Cash(GBP) % of SP/Market Cap: 15.15%
Net Cash(GBP) component of SQZ Share Price: 27.87p
Enterprise Value (In USD): $769,619,186
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: 44,500
SQZ YTD Production [1 Jan to 2 Feb 2024]: 43,184
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]: 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: $17,295
EV/Barrel SQZ YTD Production [1 Jan to 2 Feb 2024]: $17,822
EV/Barrel Actual Average 2023 Production: $19,182
Decommissioning Provision (Per HY 23 Results): $125,496,000
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision: $20,115
(9p+14p) 2023 Full Year Expected Dividend Yield: 12.51%
SQZ + Tailwind 2P Reserves as of 31 Dec 2022: 130,400,000
SQZ Combined Enterprise Value/2P Reserves: $5.90
Posted at 05/2/2024 10:14 by ashkv
XNJR net cash is actually higher given a minor blip of a security deposit which will soon revert to bank account of SQZ!!!

Cash GBP [Including GBP28mn of soon to be reimbursed security deposit] (31 Dec 23): £319,100,000
Cash USD (31 Dec 23): $402,066,000
Debt (GBP) (31 Dec 23): £210,000,000
Debt (USD) (31 Dec 23):: $264,600,000
Net Cash (USD) (31 Dec 23): $137,466,000
Net Cash(GBP) % of SP/Market Cap: 14.88%
Net Cash(GBP) component of SQZ Share Price: 27.87p
Posted at 05/2/2024 10:06 by ashkv
SQZ is now dirt cheap given muppet empire building lifestyle CEO has been booted out / one of the key negatives of the stock...

The interim CEO has top notch experience/pedigree and is stepping in to right the rocky boat... He has already effectively taken over the CEO chair!!!

Hopefully it is onwards and upwards from this low point / series of management missteps...

I had a gut to sell in September 2023 around 260p - should have acted upon the same :(

Dividend Yield at 187p is 12.28% and EV/2p is $6 (SQZ has negligible decommissioning costs).

HBR for its recent deal was valued at 360p which equates to an EV/2P around $19-$20 including decommissioning obligations!!!

SP: 187.3p
SQZ Current Share Price vs 52 Week low of 187.25p on 5 Feb 24: 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23: -30.90%
Brent: $76.75
British Gas Prices (Next Month): £71.00
Shares Outstanding: 391,488,867
GBPUSD: 1.260
MarketCap GBP: £733,062,903
MarketCap USD: $923,659,258
Cash GBP [Including GBP28mn of soon to be reimbursed security deposit] (31 Dec 23): £319,100,000
Cash USD (31 Dec 23): $402,066,000
Debt (GBP) (31 Dec 23): £210,000,000
Debt (USD) (31 Dec 23):: $264,600,000
Net Cash (USD) (31 Dec 23): $137,466,000
Net Cash(GBP) % of SP/Market Cap: 14.88%
Net Cash(GBP) component of SQZ Share Price: 27.87p
Enterprise Value (In USD): $786,193,258
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: 44,500
SQZ YTD Production [1 Jan to 2 Feb 2024]: 43,184
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]: 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: $17,667
EV/Barrel SQZ YTD Production [1 Jan to 2 Feb 2024]: $18,206
EV/Barrel Actual Average 2023 Production: $19,596
Decommissioning Provision (Per HY 23 Results): $125,496,000
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision: $20,487
(9p+14p) 2023 Full Year Expected Dividend Yield: 12.28%
SQZ + Tailwind 2P Reserves as of 31 Dec 2022: 130,400,000
SQZ Combined Enterprise Value/2P Reserves: $6.03
Posted at 08/1/2024 13:29 by ashkv
SQZ CEO is a shareholder value destroying numpty who is only interested in Empire Building..

MF should go sit at Linda Cook's feet to learn about how to transact deals!!!

SQZ CEO diluted SQZ shares when they were undervalued by grossly overpaying for Tailwind with its assets in hydrocarbon hating woke UK!!! Even the numpty Tory party has gone woke - WTF is with the loco MP who resigned over the weekend re Tory Climate Policies!!!

To wistfully reminisce at this period in 2023 SQZ had net cash more than 210p per
share (today's share price).

Absolute abdication of fiduciary duty and bottom drawer management!!!

Sickening to forecast that FY 2023 accounts will show that SQZ management has paid themselves mega bonuses for dire shareholder value creation...

ALL THIS WHILE NO SHAREHOLDER BUYS FROM MITCH FLEGG!!! AND NO SHARE BUYBACKS!!!

SHARE PRICE IS HAMMERED DAILY ON LOW VOLUMES!!!

PATHETIC!!!

AND IF SQZ DOESN'T MEET PRODUCTION GUIDANCE - CEO AND MANAGEMENT SHOULD WALK THE PLANK!!!

SHAMELESS GRIFTERS!!!

johnrxx992 Jan '24 - 08:32 - 5387 of 5387
0 1 0
Sold 50% and put into HBR.
Posted at 22/12/2023 09:37 by nigelpm
Cor - some activity over past few days - unbelievable that the SQZ share price was static on the HBR RNS.

I would not be at all surprised if that paves the way for a couple of bolt on acquisitions from HBR for SQZ and ENQ.

Consolidation will be the name of the game in 2024.
Serica Energy share price data is direct from the London Stock Exchange

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