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SQZ Serica Energy Plc

193.00
-0.50 (-0.26%)
19 Apr 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 Shares Traded Last Trade
  -0.50 -0.26% 193.00 844,056 16:35:03
Bid Price Offer Price High Price Low Price Open Price
192.50 192.90 197.00 189.00 196.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 812.42M USD 177.8M USD 0.4578 4.20 747.57M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:03 UT 194,762 193.00 GBX

Serica Energy (SQZ) Latest News

Serica Energy (SQZ) Discussions and Chat

Serica Energy Forums and Chat

Date Time Title Posts
19/4/202416:51Serica Energy mobile chart5,972
06/3/202418:35Serica Energy20,708
14/1/202312:21serica energy854
26/1/202219:58plant pot52
30/9/202108:54Serica Energy - History,1

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Serica Energy (SQZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:03193.00194,762375,890.66UT
15:29:49192.90359692.51O
15:26:57192.90713.50AT
15:26:56192.9059.65AT
15:26:44192.6035.78AT

Serica Energy (SQZ) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Serica Energy Daily Update
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 193.50p.
Serica Energy currently has 388,345,933 shares in issue. The market capitalisation of Serica Energy is £747,565,921.
Serica Energy has a price to earnings ratio (PE ratio) of 4.20.
This morning SQZ shares opened at 196.20p
Posted at 14/3/2024 17:32 by mrscruff
Investors need to accept the loony tax is forever and move on. All negative sentiment eventually gets factored into a share price and then the share price can move forward as the revenue after tax is still very strong.

We also need to move on from the high priced Tailwind acquisition that is now at today SQZ share price more than factored in!

A better Chief Executive Officer will be announced at any point would help to change sentiment and drive us forward. I can see any new CEO changing the direction of SQZ and the share price react positively.

This combined with the gas price bottoming should change sentiment and I look forward to 2024 where this looks like a recovery play. As investors we need to think 3+ months ahead.
Posted at 01/3/2024 14:13 by ashkv
It was 26k of gas plus liquids production for SQZ!!!

Moreover, prior to increased windfall tax in Nov 2022 cash post 2022 tax was equal to 205p of SQZ share price - if I recall SQZ cash was this high even after a significant Windfall Tax payment that was made in Oct 2022.

Also SQZ share holders paid 2022 dividends for the shares issued to Mercuria in Early 2023!!! Should be included in the deal cost along with Decom costs!!! Close to USD 1Bn in toto for paltry 15-19k high tax decrepit FPSO production that was hedged for peanuts!!! A scam!!!

2023 dividend to Mercuria shares was in addition to deal costs and not earned from any of their assets - as it accrued from SQZ assets!!!

Let me reiterate the onerous Tailwind 2023/2024 Capex and Decom costs and tragically that the majority of 2023 Tailwind production was hedged at mid 50s Brent...

You should shudder at the Tailwind Deal - not at the low Opex SQZ gas which would still have been hugely profitable and manageable final WFT taxes given the expensive $100mn duster in end 2022

Farmscan1 Mar '24 - 10:25 - 5705 of 5705
0 2 0
A large chunk of the cash has gone in tax (139m) and divis (89m). I shudder to think what the share price would be today with just c23k boepd of gas at £36 boepd before deducting op ex.
Posted at 05/2/2024 15:45 by ashkv
SQZ looks like a good investment today -
SQZ and crude are both oversold,
Leadership overhaul - high calibre CFO bought in and soon a high calibre CEO to replace leader who is not a tier 1 operator,
Opec will backstop,
American oil will throttle down at sub $70 WTI,
SQZ EV/Barrel and EV/2P even for high tax UK are compelling - given negligible decommissioning costs,
Labour has stated that they will not kill the industry - have promised to hold corporate rates at current levels,
I am 90% confident the tax backdating bluster etc is just to motivate their green base - when in the drivers seat the economy and tax receipts will matter more.
THIRTEEN PERCENT DIVIDEND YIELD - LETS SEE IF I AM RIGHT ON THE SAME BEING MAINTAINED OR EVEN BUMPED UP!!!

SP: 176.6p
SQZ Current Share Price vs 52 Week low of 176.6p on 5 Feb 24: 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23: -34.83%
Brent: $76.75
British Gas Prices (Next Month): £71.00
Shares Outstanding: 391,488,867
GBPUSD: 1.255
MarketCap GBP: £691,369,339
MarketCap USD: $867,668,521
Cash GBP [Including GBP28mn of soon to be reimbursed security deposit] (31 Dec 23): £319,100,000
Cash USD (31 Dec 23): $400,470,500
Debt (GBP) (31 Dec 23): £210,000,000
Debt (USD) (31 Dec 23):: $263,550,000
Net Cash (USD) (31 Dec 23): $136,920,500
Net Cash(GBP) % of SP/Market Cap: 15.78%
Net Cash(GBP) component of SQZ Share Price: 27.87p
Enterprise Value (In USD): $730,748,021
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: 44,500
SQZ YTD Production [1 Jan to 2 Feb 2024]: 43,184
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]: 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: $16,421
EV/Barrel SQZ YTD Production [1 Jan to 2 Feb 2024]: $16,922
EV/Barrel Actual Average 2023 Production: $18,214
Decommissioning Provision (Per HY 23 Results): $124,998,000
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision: $19,230
(9p+14p) 2023 Full Year Expected Dividend Yield: 13.02%
SQZ + Tailwind 2P Reserves as of 31 Dec 2022: 130,400,000
SQZ Combined Enterprise Value/2P Reserves: $5.60
Posted at 05/2/2024 10:44 by ashkv
Wow 12.5% dividend - I am 95% sure dividend will be reiterated and likely uplifted!!!

47% upside to September 2023 highs for SQZ...

Lets see if another RNS to the same is released with analyst meetings on 7/8 February 2024

SP: 183.9p
SQZ Current Share Price vs 52 Week low of 183.89p on 5 Feb 24: 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23: -32.14%
Brent: $76.75
British Gas Prices (Next Month): £71.00
Shares Outstanding: 391,488,867
GBPUSD: 1.260
MarketCap GBP: £719,908,878
MarketCap USD: $907,085,186
Cash GBP [Including GBP28mn of soon to be reimbursed security deposit] (31 Dec 23): £319,100,000
Cash USD (31 Dec 23): $402,066,000
Debt (GBP) (31 Dec 23): £210,000,000
Debt (USD) (31 Dec 23):: $264,600,000
Net Cash (USD) (31 Dec 23): $137,466,000
Net Cash(GBP) % of SP/Market Cap: 15.15%
Net Cash(GBP) component of SQZ Share Price: 27.87p
Enterprise Value (In USD): $769,619,186
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: 44,500
SQZ YTD Production [1 Jan to 2 Feb 2024]: 43,184
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]: 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: $17,295
EV/Barrel SQZ YTD Production [1 Jan to 2 Feb 2024]: $17,822
EV/Barrel Actual Average 2023 Production: $19,182
Decommissioning Provision (Per HY 23 Results): $125,496,000
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision: $20,115
(9p+14p) 2023 Full Year Expected Dividend Yield: 12.51%
SQZ + Tailwind 2P Reserves as of 31 Dec 2022: 130,400,000
SQZ Combined Enterprise Value/2P Reserves: $5.90
Posted at 05/2/2024 10:14 by ashkv
XNJR net cash is actually higher given a minor blip of a security deposit which will soon revert to bank account of SQZ!!!

Cash GBP [Including GBP28mn of soon to be reimbursed security deposit] (31 Dec 23): £319,100,000
Cash USD (31 Dec 23): $402,066,000
Debt (GBP) (31 Dec 23): £210,000,000
Debt (USD) (31 Dec 23):: $264,600,000
Net Cash (USD) (31 Dec 23): $137,466,000
Net Cash(GBP) % of SP/Market Cap: 14.88%
Net Cash(GBP) component of SQZ Share Price: 27.87p
Posted at 05/2/2024 10:06 by ashkv
SQZ is now dirt cheap given muppet empire building lifestyle CEO has been booted out / one of the key negatives of the stock...

The interim CEO has top notch experience/pedigree and is stepping in to right the rocky boat... He has already effectively taken over the CEO chair!!!

Hopefully it is onwards and upwards from this low point / series of management missteps...

I had a gut to sell in September 2023 around 260p - should have acted upon the same :(

Dividend Yield at 187p is 12.28% and EV/2p is $6 (SQZ has negligible decommissioning costs).

HBR for its recent deal was valued at 360p which equates to an EV/2P around $19-$20 including decommissioning obligations!!!

SP: 187.3p
SQZ Current Share Price vs 52 Week low of 187.25p on 5 Feb 24: 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23: -30.90%
Brent: $76.75
British Gas Prices (Next Month): £71.00
Shares Outstanding: 391,488,867
GBPUSD: 1.260
MarketCap GBP: £733,062,903
MarketCap USD: $923,659,258
Cash GBP [Including GBP28mn of soon to be reimbursed security deposit] (31 Dec 23): £319,100,000
Cash USD (31 Dec 23): $402,066,000
Debt (GBP) (31 Dec 23): £210,000,000
Debt (USD) (31 Dec 23):: $264,600,000
Net Cash (USD) (31 Dec 23): $137,466,000
Net Cash(GBP) % of SP/Market Cap: 14.88%
Net Cash(GBP) component of SQZ Share Price: 27.87p
Enterprise Value (In USD): $786,193,258
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: 44,500
SQZ YTD Production [1 Jan to 2 Feb 2024]: 43,184
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]: 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: $17,667
EV/Barrel SQZ YTD Production [1 Jan to 2 Feb 2024]: $18,206
EV/Barrel Actual Average 2023 Production: $19,596
Decommissioning Provision (Per HY 23 Results): $125,496,000
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision: $20,487
(9p+14p) 2023 Full Year Expected Dividend Yield: 12.28%
SQZ + Tailwind 2P Reserves as of 31 Dec 2022: 130,400,000
SQZ Combined Enterprise Value/2P Reserves: $6.03
Posted at 08/1/2024 13:29 by ashkv
SQZ CEO is a shareholder value destroying numpty who is only interested in Empire Building..

MF should go sit at Linda Cook's feet to learn about how to transact deals!!!

SQZ CEO diluted SQZ shares when they were undervalued by grossly overpaying for Tailwind with its assets in hydrocarbon hating woke UK!!! Even the numpty Tory party has gone woke - WTF is with the loco MP who resigned over the weekend re Tory Climate Policies!!!

To wistfully reminisce at this period in 2023 SQZ had net cash more than 210p per
share (today's share price).

Absolute abdication of fiduciary duty and bottom drawer management!!!

Sickening to forecast that FY 2023 accounts will show that SQZ management has paid themselves mega bonuses for dire shareholder value creation...

ALL THIS WHILE NO SHAREHOLDER BUYS FROM MITCH FLEGG!!! AND NO SHARE BUYBACKS!!!

SHARE PRICE IS HAMMERED DAILY ON LOW VOLUMES!!!

PATHETIC!!!

AND IF SQZ DOESN'T MEET PRODUCTION GUIDANCE - CEO AND MANAGEMENT SHOULD WALK THE PLANK!!!

SHAMELESS GRIFTERS!!!

johnrxx992 Jan '24 - 08:32 - 5387 of 5387
0 1 0
Sold 50% and put into HBR.
Posted at 22/12/2023 09:37 by nigelpm
Cor - some activity over past few days - unbelievable that the SQZ share price was static on the HBR RNS.

I would not be at all surprised if that paves the way for a couple of bolt on acquisitions from HBR for SQZ and ENQ.

Consolidation will be the name of the game in 2024.
Posted at 06/12/2023 10:32 by ashkv
A positive update from SQZ though would have expected additional details.



SP: 217.0p
SQZ Current Share Price vs 52 Week low of 196.2p on 18 Jul 23: 10.60%
SQZ Current Share Price vs 52 Week High of 304p on 12 Dec 22: -28.62%
Brent: $76.50
British Gas Prices (Next Month): £98.50
Shares Outstanding: 391,309,323
GBPUSD: 1.260
MarketCap GBP: £849,141,231
MarketCap USD: $1,069,917,951
Cash GBP (31 Aug 23 - Per HY 2023 Results): £333,200,000
Cash USD (31 Aug 23 - Per HY 2023 Results): $419,832,000
Debt (GBP) (30 June 23 - Per HY 2023 Results): £213,200,000
Debt (USD): $268,632,000
Net Cash (USD) (31 Aug 23 Per HY 2023 Results RNS): $151,200,000
Net Cash(GBP) % of SP/Market Cap: 14.13%
Net Cash(GBP) component of SQZ Share Price: 30.67p
Enterprise Value (In USD): $918,717,951
Production Guidance 2023 Mid-Point (40-45kbpd): 42,500
SQZ RECENT 4 Week Production per 6 Dec 23 RNS: 52,000
Production Average on a Proforma Basis H1 2023: 49,350
Equity Production Average H1 2023: 39,350
Enterprise Value/Barrel 2023 Production Guidance Mid-Point: $21,617
EV/Barrel SQZ RECENT 4 Week Production per 6 Dec 23 RNS: $17,668
Enterprise Value/Barrel Production Average on a Proforma Basis H1 2023: $18,616
Enterprise Value/Barrel Equity Production Average H1 2023: $23,347
(9p+14p) 2023 Full Year Expected Dividend Yield: 10.60%
SQZ + Tailwind 2P Reserves as of 31 Dec 2022: 130,400,000
SQZ Combined Enterprise Value/2P Reserves: $7.05
Posted at 24/11/2023 11:12 by ashkv
My view is that JOG at 250p values JOG's 2c reserves at around $7 - which is the value for SQZ's 2p reserves at SQZ share price of 225p.

And it appears SQZ share price not reflecting even minimally the announced JOG GBA deal that adds 21mn barrels of 2c resources with the majority of cost for developing the same recovered via lower taxation (Ceteris Paribus).. If JOG has a market cap of USD 100mn at 250p... surely a similar or greater amount should have been reflected in SQZ market cap / share price???
Serica Energy share price data is direct from the London Stock Exchange

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