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
  +0.875p +3.83% 23.75p 23.50p 24.00p 23.75p 23.00p 23.00p 1,948,192.00 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 16.3 2.9 2.0 9.9 59.42

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Date Time Title Posts
28/3/201708:15Serica Energy2,890.00
03/2/201709:09serica energy8.00
15/12/201611:55Serica Energy plc - Moderated7,633.00
10/4/201611:14L2 - Observations, comments and screenshots56.00
10/8/201511:10SERICA ENERGY IN NAMIBIA5.00

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Serica Energy (SQZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-03-28 16:07:5123.75100,00023,750.00O
2017-03-28 15:51:4223.6531,7397,507.73O
2017-03-28 15:28:3623.7542,1059,999.90O
2017-03-28 15:27:4623.683,000710.25O
2017-03-28 15:27:3823.682,000473.50O
View all Serica Energy trades in real-time

Serica Energy (SQZ) Top Chat Posts

DateSubject
28/3/2017
09:20
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 22.88p.
Serica Energy has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 250,179,040 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Serica Energy is £59,417,522.
26/2/2017
18:52
chestnuts: blue I think that 500k trade was a buy share price went up
07/2/2017
07:49
farmscan: Let's just hope that c 10% premium on the share price has not become the accepted standard for a takeover!
03/2/2017
09:57
the big fella: Nothing wrong with a quiet BB so long as the share price keeps rising.
16/1/2017
18:20
gersemi: Serica remains a buy despite recent strong gains argues Gary Newman Usually when shares in a small AIM company have risen by nearly 300% from the level where I recommended it as a buy, I would be suggesting to take your profits before the almost inevitable retrace that so many suffer from. But there are exceptions to that and I do tend to cover companies where I see long term growth prospects, rather than bothering with those that just see large rises based on sentiment which are subsequently often wiped out just as quickly. I first covered Serica Energy (LSE:SQZ) as a long term buy at 5.5p back in September 2015. The market cap has now risen to just over £50 million, which does make it more risky buying now as any problems would see the share price take a tumble from the current level of around 20p. The same would be true if the oil price was to drop by any significant amount, as this UK producer is highly geared towards that, and part of the reason why it has been performing so well lately is as a result of the higher prices it is obtaining for the oil it is selling. Currently most of the focus has been on its producing Erskine field, where it holds an 18% share and is operated by Shell (formerly this was held by BG Group prior to the takeover), and it had been suffering due to waxing problems in a pipeline plus a routine shutdown of the Lomond off-take platform. But in late August operations recommenced at the field with a net production rate of 3,150boepd being achieved straight away, which was better than had been expected, and since then that has been steadily approving, and during December reached 3,800boepd. Given the improved commodity prices towards the back end of 2016 this has had a very positive effect on the balance sheet of the company and it is continuing to build its cash reserves at an impressive rate – at December 31 2016 the company had $16.6 million in the bank, and once the proceeds of sales during December are received that is expected to grow to over $20 million (with $3.5 million net of operating costs expected to come in for the month). The profitability of the operation has also been helped by a new operator taking over the Lomond facility and not only reducing costs – the overall operating costs are now well below the $20 per barrel guidance level - but also improving reliability, which had been a problem in the past. This has meant that Erskine has no longer been constrained by the ability of the off-take facility and has been able to pump at its full potential, producing 20,000 to 23,000boepd gross. What I find just as impressive as the operational side of things is the fact that the company has managed to achieve this without getting into any debt, and has very little in the way of liabilities on its balance sheet – net assets stood at over $71 million as at the last interims up to the end of June 2016. It also doesn’t currently have any major planned Capex requirements during the coming year, and has extended some of its exploration licences until a time when hopefully there is renewed interest in spending in this area. It also has the Doyle prospect in the Irish Sea, where it has a 20% stake and the carrying amount in place should be enough for an exploration drill without Sercia having to contribute anything to the costs. It does of course still have some outstanding payments to BP, the previous owner, with $2.775 million paid on July 1 2016, and two further payments for the same amount due on the same date in 2017 and 2018. A look at those interims might put some people off as they showed a net loss of nearly $2.8 million, but that was largely as a result of Erskine being offline, plus the low oil price during the period. Another risk here is the current total reliance on one asset, and any problem can have a big effect on the profitability of the company, as demonstrated during H1 2016. The company does have a solution to that problem though, and during the coming year a full development plan for its 50% owned Columbus field is expected to be submitted for approval by the OGA – this will all be part of a larger project alongside neighbouring fields, with the goal being to maximise the development and offtake in as financially viable a way as possible. Columbus has plenty of potential as the development is based upon a single well and it has contingent resources on a P50 basis of 6.2 million boe, so has the potential to have a big impact on revenue and profits in the future. So currently I would still view the shares as a buy – and definitely one to keep holding for now – as the company is showing that it has the potential to keep on growing going forwards, as well as continuing to build its cash reserves. The only thing that would change my mind would be any serious operational problems, or further significant drops in the oil price below the $45-50 area.
11/1/2017
08:10
reallyrich: Pretty high I would of thought, but at what price. Say a bid came in at double the current share price I personally would be disappointed at that amount. No debt, generating cash, very few liabilities, good assets, just needs to get one of those licensing areas up and running and the share price will shoot up past that 40p
10/1/2017
09:32
lord gnome: Well let's do some maths. Market cap (say) £50 millions. Cash coming in currently at a rate of (say) £2.5 millions monthly and rising. A 10% yield would cost the company just £5 millions or two month's income. Very affordable and would reward long-suffering shareholders - especially the older one's who need to supplement their pensions :-) I'd vote for that. It wouldn't do the share price any harm either.
20/12/2016
09:33
aimmafia: Maybe the results are not what they want them to be and do not want to affect the share price.
14/12/2016
17:25
pineapple1: The lackluster share price may just be nothing more than that but knowing how unlucky SQZ seem to be it would come as no surprise to see yet more problems with production . Hope i.m wrong
05/12/2016
10:20
almsivi: You're right to be sceptical, if you weren't, you'd be a fool. How I see the situation is thus; Back in 2009/10 high-oil environment serica was trading at nearly £1 a share with the only asset in the offing being Columbus routed through the Lomond BLP - that got delayed and delayed and eventually shelved, notably because BG were trying to drive a very hard bargain (They technically owned 50% of Columbus) and also, they ended up running out of money (Overspent massively LNG Autralia) - in response the share price tumbled to as low as anyone has ever seen it - 3p per share iirc. We're now sat at 14p per share in a low-oil environment with an increased (100%) share in Columbus still firmly on the radar along with an income stream of around £4m a month from the Erskine acquisition (in condensate alone, gas is probably worth half again). BG is no longer after driving a hard bargain, the Lomond, Everest & Armada complex as well as some older Shell assets are now actively seeking a buyer - the only issue holding this all back? The POO. From now until the next high-oil environment it's a waiting game. You'd be hard pushed to find a better-value stock that's going to be worth up to 800% more when high oil arrives (and you know it will)
18/10/2013
14:11
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. http://uk.finance.yahoo.com/news/oil-firms-step-exploration-moroccos-120512014.html
Serica Energy share price data is direct from the London Stock Exchange
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