Serica Energy with a ‘blow the lights out RNS'

PUBLISHED: 30 Sep 2015 @ 16:54 | Comments (0) | More info about Long Over Short

Just a quick one here but fantastic news from Serica Energy (LSE:SQZ) this morning. Cash, production and operating profit – whats not to like?

Shares reacted to this news and closed up over 70%. A great result for holders from the 4-6p area but I think there is much more to go.

Currently cash is at $15.5m with $3.5m on its way from receipts from September production, this is a seriously strong position and with a market cap of only £23m shows the small value the market is giving to the business.

Production in September of 4,100 boepd was well above base case which is great and an operating profit in the first half that doesn’t include much of the Erskine production.

Serica offers a great risk-reward profile even from the closing price today, cash and production show the potential of the stock. This along with Hague and London Oil (LSE:HNL) offer long term potential that could double, triple, quadruple your money.

Subscribe on longovershort.com for free!!!

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @longovershort

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.