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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.82% 123.20 121.00 123.00 126.20 120.20 126.20 100,454 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 35.9 46.4 22.0 5.8 327

Serica Energy Share Discussion Threads

Showing 23676 to 23699 of 23700 messages
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DateSubjectAuthorDiscuss
06/12/2019
14:24
What's that bh 're rre? Potential oil price weakness?
dunderheed
06/12/2019
14:16
That didn't do that for RRE though although admittedly it wasn't just a one off there and RRE are probably more affected by current political factors.
bountyhunter
06/12/2019
11:18
Why not a one-off dividend? That would put a rocket under the share price
joestalin
05/12/2019
19:02
Here's a thought to be considered .... What if SQZ need to reduce their cash position in order to complete a deal ? An acquirer may not want to pay cash for cash, or a PE funded merger/takeover may not need cash either, so a considerable dividend is offered to sweeten a deal for SH's Our board have shown they can be innovative when it come to deals !!!! I know that's a little off-piste to say the least, but imo an option for our board, as they have been quoting the possibility of a maiden dividend for early 2020. Or it could just be a run-of-the-mill maiden dividend ..... 5p/s would be very nice and only cost c£13.25m aimo
newkotb1
05/12/2019
13:57
The directors are probably also awaiting the election result which alongside the licence is part of the political risk. (It was great news on the licence to get two years rather than one by the way!)
bountyhunter
05/12/2019
13:49
Interesting development a few days ago I haven't seen mentioned. The new Russia-China Gas Pipeline was brought online 2 days ago with the two countries agreeing a 30 year supply deal worth $400bn Https://edition.cnn.com/2019/12/03/asia/china-russia-gas-pipeline-intl-hnk/index.html Europe remains Russias biggest market for natural gas - but with this pipeline opening and china swiftly moving away from coal to gas & renewables - I anticipate gas prices to firm up considerably over the next 10 years, especially as European domestic gas production is forecast to fall by 20%
almsivi
05/12/2019
12:02
Hi almsivi, I certainly am of the opinion there are many benefits for both the company and share holders that come with issuing of a dividend. The old argument that it might stifle growth and cash put towards new growth opportunities is becoming decreasingly less relevant as SQZ's cash pot grows with Columbus coming online and potentially Rhum 3 due to contribute along with the full earn out of BP's BKR share over the next couple of years. With this organic growth in mind and continued efficiencies being made with current producing assets extending production life spans further out the economic outlook for the company looks pretty stable for the foreseeable future. Without a deal Serica's cash position looks like it will be greater than the current market cap inside 24 months!
captainfatcat
05/12/2019
11:34
I think your assessment pretty much mirrors my own thinking almsivi. Results are due in April (going on last year) so we still have four months to wait, but I will be disappointed if we don't get 5p as the final with a promise of more to come. I have been hanging on here in the hope of another deal to move the share price which, has done nothing this year. A decent divi would at least be some reward for patience.Of course, if they should come up with another deal before then that would be even better.
lord gnome
05/12/2019
11:27
I guess it will depend also on what new deals are in the offing. If they go for a big one (here's hoping), and there are currently plenty of opportunities around, they may wish to conserve their cash a little longer. Either way, it should be good for the share price !
roth
05/12/2019
10:40
Good Morning all Spent a bit of time going over the chairman's AGM statement, the annual report and other sundry communications from Serica this year to shore up an idea of if and when a dividend policy would be announced. TCW mentioned in his statement that any dividend policy needed to be sustainable given the political, economic and technical risks associated with operating our assets and since the AGM, we've already had news of OFAC giving the company an extended licence (political), Erskine operating at full tilt (technical) and burgeoning cash reserves (economic) It would appear that heading into 2020 the company has achieved most of those caveats and all of our directors with the exception of Trevor Garlick have skin in the game. My own thoughts on the face of this is that a maiden divi is quite likely and in line with Tony's non-committal "early next year" Does anyone else have a conflicting opinion where they've come to a different conclusion? While I try my best not to second guess my own intuition, it's always a good idea to ask someone else's opinion.
almsivi
03/12/2019
19:17
Sorry to hear that, HUR was my largest holding so I was fortunate there, but certainly more by luck than judgement!
bountyhunter
03/12/2019
19:15
Yes! I have quite a lot of Hur as well as SQZ, so not good, but it seems to be the way of investing these days. Very little progress on good news and punished hard on bad. Glad you missed out on that and got a good re-entry point here.
farmscan
03/12/2019
19:11
Thanks steel. Yes I saw that on the news after I posted. Just another Trumpian wobble I guess. I should be careful what I say though as the Dow is not closed for the day yet!
bountyhunter
03/12/2019
19:09
Cheers Farmscan, feeling better now but nevertheless this is my only re-entry so far! Bad couple of days for HUR holders, lucky to have been out of that as I certainly wasn't expecting the latest Warwick result there.
bountyhunter
03/12/2019
18:35
Welcome back bounty.
farmscan
03/12/2019
17:44
I'm not a chartist but it looks like it could be set for a bounce from here (alongside other positives), bought back in today. I must update that list in post 36! ;-)
bountyhunter
03/12/2019
16:58
Cheers all, yes DH a bit or I wouldn't be back, still won't know about the job for a while but things are looking a bit more positive there following weeks of hard and extra out of hours work, at least for now. Also I'm anticipating a Boris bounce assuming the other parties continue to squabble and split the opposition. That's so long as Trump doesn't trump that saying something silly which affects the global markets. ...uncertainties remain.
bountyhunter
03/12/2019
16:12
Hey BH nice to hear from you. Hope things looking up a bit!
dunderheed
03/12/2019
13:49
BH nice to see you to see you nice About time for a BKR Brucie bonus Cuddly toy, tea maker, DIVIDEND, picnic hamper.....
captainfatcat
03/12/2019
13:35
Ah, I see you can still talk your book. Welcome back, old chap. ;)
fardels bear
03/12/2019
13:03
Bought a few back after my forced sale @1.35 a couple of months ago. Seems cheap right now with the cold weather approaching and the Rhum licence extended by 2 years, not to mention the extra 10% of BKR revenue from Jan 1st.
bountyhunter
03/12/2019
10:46
https://www.energyvoice.com/oilandgas/north-sea/213303/focused-team-was-key-to-firms-north-sea-success/
steelwatch
02/12/2019
19:42
Also worth remembering that we are less than a month away from an additional 20% revenue.
farmscan
02/12/2019
18:19
Latest available OGA monthly production data up to 15th Sept 2019 = 30440 boepd. By my calculation it averages out at 29485 boepd/month since 15th Nov 2018.
farmscan
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