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SQZ Serica Energy Plc

188.50
3.90 (2.11%)
28 Mar 2024 - Closed
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.90 2.11% 188.50 187.80 188.00 190.20 184.00 187.00 4,948,209 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 812.42M 177.8M 0.4578 4.11 730.09M
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 184.60p. Over the last year, Serica Energy shares have traded in a share price range of 166.00p to 271.00p.

Serica Energy currently has 388,345,933 shares in issue. The market capitalisation of Serica Energy is £730.09 million. Serica Energy has a price to earnings ratio (PE ratio) of 4.11.

Serica Energy Share Discussion Threads

Showing 13801 to 13824 of 35000 messages
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DateSubjectAuthorDiscuss
09/3/2018
08:07
It's not the cumulative average for the year - they've stated very clearly it doesn't include that time.
nigelpm
09/3/2018
08:06
Wtf, of course it matters!! (Lol).
If that was the average cumulative for the year then it implies a daily average of circa 20k bbl per day but if that is the daily average cumulative for period since start up then the 20k per day was a bit bloody misleading!! Ie for one day it was 20k then all the rest 15.9 k per day which is lower than I'd expected!!

dunderheed
09/3/2018
07:58
I read that as average total cumulative not daily?!

Doesn't matter - they've been clear that since it restarted production has averaged 16k - it's irrelevant what happened before it was fully working in early Jan.

nigelpm
09/3/2018
07:56
I read that as average total cumulative not daily?!
dunderheed
09/3/2018
07:54
That's wrong dunder as they state quite clearly since then:

Since restart in January, following the shut-down of the Forties pipeline, Bruce, Keith and Rhum fields (BKR) have produced on average approximately 16,000 boe/d net to BP.

nigelpm
09/3/2018
07:52
Nigel see my post above.
I checked the math b4 I posted my concerns (lol!).
The impact of the 12 days shut down for what was an average of say, cumulative days prod 64 days impacts quite highly and I'm coming up with around daily average 20k per day?
Please re-clarify your concerns?!

dunderheed
09/3/2018
07:49
Are we expecting results in April?
croasdalelfc
09/3/2018
07:44
Concern that in January they said :


Production from BKR was interrupted due to the closure of the Forties Pipeline system in December. Since the restart of operations, reported on 12 January, production rates have routinely been in excess of 20,000 boe/d net to BP. Under the terms of the transaction, Serica will receive 40% of the pre-tax net cash flow for BKR in 2018, rising to 50% in 2019, 60% in 2020 and 2021 and 100% thereafter.

Now saying :


(BKR) have produced on average approximately 16,000 boe/d net to BP.

Would at least show dome pretty major fluctuations to average 4,000 boe/d below max potential.

nigelpm
09/3/2018
07:44
So Sericas share of the current BKR production is roughly 6500boepd with the high gas prices that's still not to shabby.

Not being reliant on just one asset is paying off already.

captainfatcat
09/3/2018
07:40
F me had to edit the above post quite a lot because of auto correct!
dunderheed
09/3/2018
07:38
Also tbh bkr didn't come on stream until 12.01 hence this will have brought cumulative ytd down lower than I initially appreciated so all in, a not too bad update (including the higher than expected oil gas prices?).
dunderheed
09/3/2018
07:38
My money is on SQZ being taken out once BKR is completed..market cap ridiculously low considering what income we will be generating. It will be either a serious re-rate by the markets or if not then a take-over.
0rient
09/3/2018
07:34
You're quite right Hydrus; I totally missed that in January's update... I had 'mid 2018' or end of H1 in my head from when they originally announced the deal... my bad
spandy83
09/3/2018
07:32
We already knew about it being Q3
hydrus
09/3/2018
07:24
Hmm... not a great update. Still no Erskine flow and a very subtle push back of BKR completion to Q3. Was meant to be June no? Presumably we won't actually get any cash until completion (if any as lots is used to finance the deal)...May get a top up opportunity today.
spandy83
09/3/2018
07:24
Well exactly as almvisi mentioned. Bkr a bit lower than I'd thought? Either way offset by higher prices so I think reasonable / good news generally?!
dunderheed
08/3/2018
13:08
Probably not... How long have we been waiting now?
fardels bear
08/3/2018
12:52
Not planning to buy anytime soon then Fardels!
farmscan
08/3/2018
11:47
Many thanks, almsivi...
fardels bear
08/3/2018
11:00
Almsivi

Will they replace the pipe in plastic or steel and will it be an insulated pipe with heaters

chestnuts
08/3/2018
10:56
Almvisi. As ever thanks very much for your updates!
Very much appreciated.

dunderheed
08/3/2018
10:37
Yes and thanks from me as well almsivi...

Interesting link there steelwatch.
I,ve 3 of the picks in my portfolio (SQZ,TRIN and RKH). Only RKH which i bought at 21p has not done anything at all in terms of equity movement. But i intend to hold for as long as neccesary so that if sealion gets the go ahead its a 10-20 bagger from here .
Its the most obvious multi bagger with a question mark over it out there.
imho

pineapple1
08/3/2018
10:29
Thanks for the link steel, i hold all three.
fozzie
08/3/2018
10:24
Thanks for sharing almsivi.
steelwatch
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