Hmmmm April fools dayNot a good omen? |
Results 1st April |
Best not compare how stable E&P fiscal regimes are 🤔 |
Indeed - Venezuela is probably more democratic than the UK. Even North Korea is getting there…. |
Yes. Guess what. Venezuela isn't the UK. |
Venezuela....:-)))) that historical seat of democracy.... |
"There is absolutely no way the OFAC licence wasn't going to be renewed".
You're obviously not seen Chevron's news and they are a Major and US company who have just had their licence revoked- which gave Chevron permission to operate in Venezuela.
Nothing can be taken for granted with Trump at the helm. |
There is absolutely no way the OFAC licence wasn't going to be renewed. |
Picked a couple lots up this afternoon now that licence is out the way, wouldn't trust the orange blob as far as you could throw him so never knew what was going to happen. |
Added a few at open on this news not unexpected but good to have the uncertainty removed. |
No worries about the OFAC licence then. I wasn't anticipating any, but at least it's out of the way for another two years. |
Wasn't that long ago? they were in the top 5..so they've been selling anyway...:-) |
1.15m so not huge and will probably get transferred over into another fund as that is an option for holders of HOT. |
Natural Gas UK GBP (GBp/thm) 98.461 -7.330 (-6.93%)
UK natural gas futures fell toward 108 pence per therm, the lowest in two months, as warmer and windier weather reduced demand. Prices have retreated from a 15-month high above 140 pence, following similar declines in European gas markets. The UK, with limited domestic storage and dependence on European imports, remains vulnerable to supply changes. However, proposals from Germany, France, and Italy to ease EU gas storage rules have eased concerns about shortages. In addition, the US is pushing for a resolution to the Ukraine war, raising hopes that some Russian gas supplies could return. |
If only they did use gaffer tape 😉
At least Rhum and Erskine should still be producing while they tape the Triton back together. |
Every company has got its own challenges. So long as it is still making money or at least has sufficient cash to carry on, one should consider buying its shares for a longer term holding.
There was a sell off the other day, but the share price is slowly recovering. BUY for the long term. |
Berenberg Bank got Serica Energy a Buy, new target of 200.00p |
The number of breakdowns they have on this equipment, you might think it's held together with chewing gum and gaffer tape. |
A bit accident prone one might deduce however. |
The key thing is that this is value deferred rather than lost,
He does talk some gibberish.
What about the ongoing costs of running the business and cost of repairs.
He's a strange one.
That said the RNS was worthy of a £80m reduction in value so I also like many others topped up significantly today. |
oilretire, ah thx, I see where you are coming from regarding minimising annual deferment in these circumstances. I hadn't considered that. |
From Malcy's Blog.
Frustrating news from Serica today, as Triton is offline – this time due to storm damage. On the positives, Serica is producing its gas from BKR in a robust way while the gas price remains strong, and the ongoing success of the drilling programme at Triton could help make up some of the shortfall from the latest outage.
The key thing is that this is value deferred rather than lost, indeed the new wells in the programme noted above are performing above expectations and the ‘material dividend’ as the company puts it is not necessarily under threat.
I remain convinced that Serica is in a very strong position with robust cash generation and a powerful and flexible balance sheet. Accordingly it is amongst my favourites in the recently updated Bucket List particularly as gas prices remain strong. |
xxnjr, possibly, but it's common practice in my world to try bring forward at least some of what you had planned to do later in the year to minimise overall annual deferment if you're unfortunately presented with an unexpected lengthy outage. But as per previous post not quite as easy as it sounds given the logistics and finite bed spaces. |
Agree. Seems like a great opportunity to buy at 10% less than one day ago. I can't see how this would impact medium term value and expect it to recover today's losses |
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