||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Serica Energy Share Discussion Threads
Showing 14101 to 14124 of 14125 messages
|Yea oil broken major resistance looking at 55+ there over coming days or so, natural gas will follow oil shortly into new 52 weeks highs also imo
Bought £15k over the last week or so, added some more today. I want 20p+ on SQZ.|
|It has ! Considering adding further|
|Oil trending below major resistance big move coming for SQZ if Oil breaks 51.5.|
|Excellent post almsivi as you say we got a 50% resource upgrade this year on erskine significantly extending lifeId say things are looking better here imo|
|Good post almsivi....|
|I can't argue with any of those issues. What I can say is that the Erskine field has a prosperous life ahead of it & the reliability issues you point to don't stem from anything that Serica have or havent done. When BP asset swapped with BG back in 2008, they'd already stopped pigging the Lomond to Everest pipeline for 2 years - when BG took over, they did not reinstate it, to their detriment - and ours. The shut-in you mentioned can be classed as a one-off - and one that has now given Erskine the kind of production rates unseen since before 2006. On the subject of Columbus - that really is Sericas ace in the hole - the only cost-effective export route for our fluids is through Lomond & Serica now own 18% of Lomond's livelihood - giving it a prominent seat at the table. Prior to that, BG treated Serica with near contempt, attempting to bully them into handing over a larger share of their discovery to produce it. Now, Serica own 100% rights to Columbus which puts it in the driving seat for doing a deal with Shell, Dana and whoever takes over the complex long-term. It's an enviable position for a minnow of a company & although it;s been a long-game, the reward for hanging in is just round the corner.|
|I have sold some SQZ of late . The last year has been very disappointing. Our cash position from last December has dwindled from $20 million to $13 million due to the 6 month shut-down this year. We have to pay during the shut-downs . Hardly progress
This seems a very unreliable asset and there has been no progress whatsoever on making additional acquisitions or deals despite TWC saying last year they were going to be aggressive!
We have been waiting for meaningful news on Columbus for years .
The company's PR and communication is very poor . I wrote to TCW over two weeks ago . I have not even received an acknowledgement let alone a reply . Not a good way to treat shareholders. Smacks of arrogance . There is no evidence of any meaningful PR .
Without further corporate action and additional producing assets added I do not see much upside from current levels and it's over-reliance on just one producing asset makes me very nervous .
TWC needs to up his performance in all areas .|
|I thought they sent a live Pig down the pipe oink
But seriously thanks for posting the info Don777|
|thanks for that|
|a small piece of reading:
Chevron is using a robotic device to clean and check the inside of pipelines on their Erskine field in the North Sea more quickly. The improvement has helped raise the field's daily production rate to the highest in two years."|
|Pity Dana aren't more forthcoming with their plans for Arran/Columbus.
Looks like there could be movement soon....
Royal Dutch Shell Plc has invited binding bids from parties including Ineos AG and Blackstone Group LP-backed Siccar Point Energy for the sale of some of its U.K. North Sea assets worth about $2 billion, according to people familiar with the matter.|
|Agree i thought 2500-3000 boe was being v conservative given history but well done to the bod better to under promise and over deliverSounds like columbus discussions still going on obviously it needs careful planning to extract maximum economics.The erskine outage couldnt have been better timed with the oil/gas they are pumping now hitting the market at a higher price.|
|A little conservative in my view. I'm estimating between 3.5 & 4 million GBP a month income with steady production and existing market conditions USD/POO. Nothing wrong with being conservative, though.
What the long-termers should be hanging in for is the steady erosion in this glut of oil before a massive hike in price. IMO the weak £ is the perfect environment for Oil & Gas investment as technically, UK subsidiaries are making better returns from the sale of crude. Pity Dana aren't more forthcoming with their plans for Arran/Columbus.
I'm not convinced it's all plain sailing though - if inflation takes hold as many analysts fear it will, it'll wipe out any advantage.|
|At $53 we are looking at circa £18m GP PA based on 2500bopd with gbp/usd at $1.235 and taking into account 3 months non -production over next 12 months . I think we will revisit $1.20 if not lower which will boost GP even further|
|Rebought in here friday despite issues with erskine earlier in the year, the value here is insane imo|
|Two more payments of $2.775M
Erskine field commitments
Net revenues from the Erskine field are expected to cover ongoing field expenditures as well as the three remaining tranches of US$2.775 million (excluding interest) cash consideration payable to BP. The first of these was settled on 1 July 2016 and the second and third are due on 1 July 2017 and 2018 respectively.|
|Are there any further payments to BP to be made does anyone know?|
|The stronger dollar won't do any harm either...
|This company is cheap as chips!!!|
|I dont know if any one as been following uk gas prices but in the last few days gas prices have gone from 30 to 45, this could be because rough storage is shut down, so there is very little storage of gas so prices could easily double from here especialy if we have a cold winter, this is even if oil reverses, now thats a massive differance for Serrica, like an extra $20m a yr at least|
I checked that there were no double exclamation marks before reading....
Clearly there will be other homes for the cash later, and I wouldn't count too many chickens before the Nov OPEC meeting, but certainly the piggy bank is filling up nicely.
|For what its worth, my calculations are,
Average Sept production from recent Interims 2300 boepd, average Sept Brent $49.06 - $20 costs = $29.06.
We could be making $2.35 M per month. £1.79 M per month at average exchange rate for Sept.
It would be prudent to reduce these totals by 10% for standard production efficiency (up-time).
In short, no more extended outages, stable production and rising price of oil should result in serious cash generation.
|Cash build huge. No planned shutdowns through 2017....this is major!!|