Seplat Energy Share Discussion Threads

[jaknife] 23/4/2024 13:02

loglorry1,

I thought that Nigeria had abolished its currency controls?

EG:

Nigeria Floats Currency Ending Years of Foreign Exchange Controls


JakNife

[loglorry1] 23/4/2024 12:52

@bubloo if only it were possible. The Nigerian price is in Naira and there are currency controls so you can't buy in £ and convert to Nigerian line and sell in Naira because you can't get the Naira out of Nigeria.

I don't even think the shares are fungible but there might be a way if you have access to a prime broker and a large position.

The Nigerian line trades at a premium because wealthy people in Nigria are buying it as a proxy to dollars (its a dollar based commodity business) to protect against devaluation.

[bubloo] 23/4/2024 12:48

arbitration opportunity
sell at Nigeria priced at 3334 which works out to 2.16 gbp
does anyione know how to play this
buy in uk and sell in Nigeria?
any ideas please

[krall] 02/2/2024 11:34

We must be close to finish line on Exxon deal. Very positive.

Let´s see how accurate this statement from the minister turns out to be!

The $1.3 billion sale divestment of ExxonMobil asset to Seplat is also 98 per cent completed, and would be finalised in the coming days, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri.

hxxps://guardian.ng/news/1-3b-exxonmobil-seplat-divestment-98-completed/

[whiskeyinthejar] 29/1/2024 10:24

IMO share price is up on MPNU deal. Minister says all we wait for is board approvals:

"But I can also tell you that the Seplat-Mobil transaction, which was truncated in the last administration has been 99 per cent resolved. I brought the parties together. We have had a series of meetings. We have agreed on the terms.
“It’s just for the NNPC board to sit and approve the terms of the settlement and Seplat board sits and approves the terms of the settlement. It was a big disincentive to the IOCs to make further investments. And so, I brought them together, we have resolved, we have disagreed to agree. So, that matter is resolved."

[shaikan not stirred] 27/1/2024 15:42

very decent rise the past few sessions, can't see any news to be back the rise but happy holder

GLA

[neilyb675] 26/1/2024 15:27

145.00 - 146.00 (GBX) at 14:53:58
on Market (LSE)

[neilyb675] 25/1/2024 17:25

from SeaTank8300 on LSE:

"SEPL vs north sea E&P Today 14:05

I've been looking fairly closely at North Sea operators for a long time, as there are many flagwavers out there for these stocks. While I don't deny that there is value around, I don't see the risk-reward stacking up any better than SEPL. I'm often told by fans of North Sea oil that SEPL is interesting but the Nigeria risk is a problem for them. I find that interesting, as from where I'm sitting I see quite the opposite.

My points would be:

- North Sea oil suffers from ongoing political risk - the windfall taxes imposed on operators have been phenominal, and we are about to enter a Labour government who are vocal about their hate for the fossil fuel industry. I only see risk of further taxation ahead, removing a big part of the Free Cash Flow argument for these stocks.

- The North sea and its producers have short lifespans - they have little by way of reserve life, and without incentives to grow reserves. The tax and political system is against them, the ESG lobby is hammering them, and investors are not interested either. These businesses are managing decline; by nature they are a shrinking business. They can only be valued by DCF; multiples don't work. Truth is, they are limited life businesses.

- North Sea oil production is deep water and, most, being late life resevoirs, are complex in geology and extraction - these are real operational risks. We have have seen North Sea producers wiped out overnight because a resevoir has dissappointed catastrophically during the twilight of their life.

Whereas.... Nigeria, and Seplat in particular, in my view, have a much more attractive risk profile:

- The government of Nigeria is deeply incentivised to support growth in production, as oil represents the vast majority of fiscal revenue, and that won't change, not in our lifetimes. Tax incentives are designed to encourage reinvestment of cash generation into growing production; the tax system is therefore in support of industry growth and industry profit. The political risks are minmal.

- The security issue around oil is one about corruption and state complicity in this - this unhappy balance may improve one day, but it will not destory the industry, as key players are reliant on the industry's survival to steal from it. Currently, efforts are underway to incentivise those militias that steal to instead protect. We will see. SEPL, for its part, has a track record in localising employment opportunities in the vicinity of its operations to bring communities and mafias onside. They have a track record of success, going back years and years. Moreover, their AEP (pipeline) is secure transit infrastructure underground, much reducing any risk of pipe damage and downtime.

- SEPL's onshore assets have 25 years+ of life, multiples of North Sea, and without the complexity. MPNU's shallow water assets are shorter in reserve life but not complex either. These assets offer growth in production, not managed decline. A low valuation multiple is much closer"

[neilyb675] 25/1/2024 17:12

nearly 5% up and a spike at the close, not complaining - wondering WHY ??????????!!!!!!

[neilyb675] 25/1/2024 17:11

wowowowowowow

[neilyb675] 12/1/2024 15:56

134.40 - 135.80 (GBX) at 15:30:53
on Market (LSE)

[neilyb675] 11/1/2024 14:50

131.00 - 133.00 (GBX) at 14:48:01
on Market (LSE)

[neilyb675] 11/1/2024 08:24

130.00 - 132.40 (GBX) at 08:00:23
on Market (LSE)

[briggs1209] 01/1/2024 06:43

SEPL is part of the 2024 stockopedia NAPS portfolio.

[tom111] 18/11/2023 11:05

£2 plus is possible if it goes over the line imo

[aldriglikvid] 18/11/2023 08:52

Has the deal ever been this close?

Mr. Brown (Seplat Energy, CEO) in meeting with the Minister of State Petroleum Resources, advertised by the state itself.



"In pursuit of resolving the ExxonMobil and NNPC divestment dispute, as per our mandate to agressively increase production , I engaged in constructive discussions with Seplat Energy, led by Managing Director Mr. Roger Brown."

[tom111] 30/10/2023 21:17

Excellent results today good reliable divi and we should get another special divi next year making for 11% divi.Positive take on the deal going through soon this is imo one of the best companies on AIM IMO.

[tom111] 24/10/2023 12:25

According to the Sepl web site results now on Monday 30th OCT Friday is always imo bad for RNSs

[tom111] 20/10/2023 09:06

Results next Friday!!

[tom111] 18/10/2023 10:47

Hoping for an increase in the divi shortly since the share price has moved up its paying around 7 to 8%

[tyler19] 12/10/2023 16:45

It all looks good for the trading update. The only negative may be the slightly deferred production due to the Majestic rig incident. Hopefully, they will find a substitute rig soon. This should easily be offset by other positive developments, including the potential start up of ANOH gas plant. On balance, the stock looks ripe for a rerating.

[tom111] 12/10/2023 10:26

Plenty of sales yesterday followed by two 300,000 sales this morning has not dented the share price in fact its nice to see the share price up again.Results around 27th October should be pretty good due to oil price hikes so plenty to look forward soon.May even get an update on the on going deal,lets hope so.GLA

[tyler19] 11/10/2023 22:28

Let’s hope it goes to plan. Another thing to watch out for, if the acquisition goes ahead, would be the large increase in dividend with the much higher oil production!! Best of luck!

[tom111] 11/10/2023 19:18

Yes that makes sense tyler but then again lol