Share Name Share Symbol Market Type Share ISIN Share Description
Serica Energy 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
  +0.25p +1.74% 14.625p 14.25p 15.00p - - - 78,010 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 16.3 2.9 2.0 5.9 36.59

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Date Time Title Posts
26/10/201611:33Serica Energy plc - Moderated7,559
18/8/201615:16Serica Energy2,653
27/4/201619:39serica energy1
10/4/201611:14L2 - Observations, comments and screenshots56

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Serica Energy Daily Update: Serica Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SQZ. The last closing price for Serica Energy was 14.38p.
Serica Energy has a 4 week average price of 14.73p and a 12 week average price of 14.67p.
The 1 year high share price is 16.75p while the 1 year low share price is currently 0p.
There are currently 250,179,040 shares in issue and the average daily traded volume is 488,919 shares. The market capitalisation of Serica Energy is £36,588,684.60.
nigelpm: Exactly Talkman. I get the revenue generation and why i invested back in the lowly days of 5p. Problem is cash balance now not providing the support to share price it has previously. For me the risk:reward has disintegrated fast. Takes more than one view to make a market.
cinques: Steady share price after a long ride up and then a nice holding RNS.All looks good to me.
bountyhunter: sounds good to me... Serica Energy plc ("Serica" or the "Company") Erskine Operational Update London, 6 September 2016 - Serica Energy plc (AIM: SQZ) provides the following operations update: Further to previous announcements, Lomond platform operator Shell has advised that the issues concerning the re-commissioning of the Lomond export facilities have been resolved and Erskine oil and gas production resumed on 29 August. This follows the reported work to clear a blockage in the Lomond to Everest condensate export line and the summer maintenance programme on the Lomond platform. Since restarting, production has averaged over 3,000 boe per day net to Serica, with a peak rate of over 5,000 boe on one day demonstrating the strong capability of the reservoir. Fluctuations in rates have been due to some restrictions on the Forties Pipeline System with production over the remainder of the year expected to be in the range of 2,500 to 3,000 boe per day, net to Serica.
oilretire: So what's the opinions on fair share price value in this pessimistic oil market with Erskine finally on & steady rates? Not blue sky full value stuff, just where it's likely to settle until some other news about any other asset comes along?
spandy83: I know AIM stocks like this don't really trade on P/E, but I get forecast P/E to be about 2 at this share price... ($50 a barrel x say 3500boed x 365 x 90% production time / 1.3$/£ x 50% profit margin) that's about £22m potential operating profit. 263m shares in issue = 8.4p EPS... Gives P/E of less than 2. I'm happy to wait til P/E hits at least 3 to de-risk (25p a share), then hold out for long term with the rest. Happy for someone to sanity check me...
cinques: That's fair criticism. I think the share price has fallen far enough and buyers are anticipating Erskine being back online in August. Production rates should at least what they were in Jan & Feb of this year and possibly higher. PoO is way up on Jan & Feb prices and higher than the hedges that were in place back then so there should be some healthy income in H2.Columbus? Any development news would likely be a positive for the price as I don't think many PIs are here for Columbus. I believe the production wells are ready - it's just hooking it all up. Therefore, once everything is agreed, capital costs should be relatively low and lead times fairly quick. Agreement in 2016? Possibly.As for anything new (like Erskine was), then that will be positive too. A post on Twitter hinted at news soon and likely to be unrelated to Erskine.No debt. An instalment to pay to BP (£2 million ish?) and still plenty of cash in the bank. Overheads low after putting some staff on consultancy.Disappointing? Yep. An opportunity? Yep.
captainfatcat: Columbus was originally due to be online about now (mid 2015) using a bridge link platform which BG had planned to constructed. Planning for field development had been approved and tenders sent out for work on bringing Columbus online. BG unexpectedly decided not to go ahead with the BLP in 2013. The share price took a massive hit as the delays meant SQZ future cash flow was uncertain as its Indonesian production assets at the time were being wound up and future planned income from Columbus was not in place to bridge the gap hence the big slide in share price ..................... The Field Development Plan for Columbus was to originally provide for the supply of 51.3 million cubic feet of gas per day at peak to the UK gas market and 3,600 barrels per day of condensate and natural gas liquids (NGLs) with the recovery of proven and probable reserves estimated at 78 billion cubic feet of gas and 4.8 million barrels of condensate and NGLs
alnorton2: Hi Ohisay, So the report values Columbus at 17p. including tax loss... This is a worst case scenario and if Columbus is a "no go", then core NAV is apparently 0. Not sure why BG is not interested but Columbus may be perceived as too small or too risky for them. My view is that if there is no real progress in "discussions" related to Columbus, market will be disapointed to put it mildly. One thing that is bothering me - why the Chairman has to repeat "funds are tight", "funds are sufficient to run until end of 2013@ etc. He could work quietly on financing without putting more pressure on the share price. As for placing - there is a number of underfinanced explo companies on AIM. If there is a share placement, SQZ needs a story - not sure "lots of drilling activity" will be enough for II to part with their money. As a general comment, I am pleased with SQZ share price resiliency. It is probably holding on the Chairman's reputation. However, there are similar stories in the market with market caps supported by cash - take SEY and CHAR.
jas0701: How does HRT drilling relate to SQZ? I know HRT acreage is right next to CHAR. Is SQZ acreage any where near where HRT are drilling? If HRT find oil will it affect SQZ share price? or maybe is it best to be in CHAR rather than SQZ? Any views most appreciated. Thanks Jas
alnorton2: Lanaken, All this is very interesting. I personally expected 22p. SQZ share price on the CHAR dud. 8+ million volume and steady share price was surprising. On the market interest level - as SQZ progresses with seismic, interpretation etc., market interest can turn more and more to SQZ while CHAR will most likely be in the quiet period. Hopefully we will see a share price closer to £1 here sooner or later.
Serica Energy share price data is direct from the London Stock Exchange
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