Serica Energy Share Discussion Threads

[dcarn] 21/11/2024 10:14

Thats what I was planning to do with part of it but think I'll just wait a few days now.

[cwa1] 21/11/2024 09:57

Maybe everyone is reinvesting their hefty dividend from this morning back in to Serica :-)

[tygarreg] 21/11/2024 09:49

Or even 140!

[bountyhunter] 15/11/2024 20:42

I was about to see the same, up again from 111p in 4 days, steadily heading upwards and the cold weather hasn't yet begun. At this rate it will be 130p by 30 November.

[talkman2] 15/11/2024 20:05

Look at the gas price . Now over 115

[farmscan] 15/11/2024 17:25

I was hoping it would stay down until I'd reinvested my divi!

[fandagle] 15/11/2024 17:18

Building up a nice portfolio at these prices, believe me this Government are worse than Truss, it’s only a matter of time before the money folk put them in line or they will toast.

[sawney] 15/11/2024 15:57

If nothing else...nice tick up this afternoon.....due a trading and operations update next week...

[hunter154] 13/11/2024 17:36

Unless they travelled to this convention on horseback, they should get with the program. All of them probably went private jet or first class i bet.

[sawney] 13/11/2024 15:17

Perhaps the share price will rise once the clown convention has finished in Baku....

[sawney] 08/11/2024 08:35

Sod's Law says....remove the winter fuel allowance...expect a harsh winter...we're probably due one anyway...

[mickinvest] 08/11/2024 08:32

Next two weeks certainly in Scotland is colder weather and little wind.I'm sure it needs at least 6 to 9 mph wind and lucky if it gets over 6mph in the central belt for next 2 weeks at least. Gas price up to £1.07.

[sawney] 08/11/2024 08:05

I see Apache are pulling out of the North Sea...Miliband is on a Mission...last one out, don't bother turning off the lights...there won't be any power...:-)

[hunter154] 07/11/2024 18:45

Last year they had pretax profit of $389m and post tax of $131m, so tax 66%.
If the levy goes away, the tax savings are more important than $10 p/barrel price drop.

I’m not sure what their per barrel margin was but say it was $40. If the price drops $10, simplistically, PBT is down 25% or $90m. If $300m is taxed at 28%, they end up with PAT of $216m. So they are less profitable at the operating level but still make it up , and some, due to tax changes.

I would welcome $10 drop as Serica is my only producer.

[jimmywilson612] 07/11/2024 15:25

Ultimately - is the oil price remains low 70s, its the worse of both worlds for SQZ.

[jimmywilson612] 07/11/2024 15:25

So I'm just looking into SQZ and have a question some other people might help with;

- Obviously the Tax Rate is the big lag for SQZ and this isn't going to go away. Within the legislation; it has this

Energy Investment Security Mechanism (ESIM). It will end the Energy Profits Levy early if the 6-month average price for both oil and gas is at or below the ESIM threshold prices. The ESIM threshold prices are 71.40 dollars per barrel for oil and £0.54 per therm for gas


Now, with Oil Prices down to 73 dollars per barrel and with Trump's "Drill Baby Drill", would a lower oil price actually benefit SQZ? Does anyone know that if the ESIM threshold is breached - does the EPL of 38% crease to exist?

So a 10% drop in Oil prices from today would actually benefit SQZ?

[adef1] 07/11/2024 10:30

Does anyone know if the p/e ratio is profit AFTER tax (dividend by market cap) and is that also AFTER windfall tax ?

[hunter154] 07/11/2024 10:05

Serica’s effective price is so low after tax that it affects their bottom line less.

[fandagle] 07/11/2024 08:50

If Trump does Drill... Drill... Drill... and the oilprice does fall to around £50, the marginal fields in the UK will cease to exist, only the strong will survive and prosper.

[zicopele] 06/11/2024 15:19

Hanging aroumd....if it gets to aay 120p I mihht nibble back in.

[farmscan] 06/11/2024 13:16

I thought you'd sold up and moved onto Harbour zico.

[mickinvest] 06/11/2024 12:25

SQZ are 60% gas and think 25% oil hedged at a lower price in $60's.

It does look weak along with other NS producers and thought they might have got a boost with capital allowance being kept but not happening.

[zicopele] 06/11/2024 12:22

117p again. Looking very grim for oil.

[mickinvest] 05/11/2024 19:43

Had a run over SQZ results and what's the opinion that there is a 12-24 month delay on going from top profits to paying a high tax bill in the same year you had little capex and then moving onto high capex of $240m and a year of lower profits?

Shouldn't next year see a huge tax advantage compared to this year and a huge boost to FCF compared to this year albeit at around $90m for 1st half isn't too bad.