Serica Energy Share Discussion Threads

[bountyhunter] 22/2/2024 22:46

Hi Steel, I've just noticed that you posted that IC link earlier here, great minds think alike! That is except for selling at £4+ - well done with that decision!!

[nigelpm] 22/2/2024 20:45

Astonishing one of the "Bear points" isn't a change of government.

[steelwatch] 22/2/2024 17:51

IC recommendation. Not sure if/when it will slip behind the paywall:



GLA

[nigelpm] 21/2/2024 20:18

Hindsight is a wonderful thing. No WFT, crazy gas prices, lots of cash and being generated. It made sense and still makes sense - just a lot has happened.

[farmscan] 21/2/2024 19:46

Well I haven't sold any, but I often think back to the days of £4.50 fondly/remorsefully.

[nigelpm] 21/2/2024 19:41

Sentiment farm. A powerful short term game.

[farmscan] 21/2/2024 19:12

I still can't really make any sense of what has gone on here recently with the share price etc, but I do wonder where we would be now without Tailwind's oil and tax losses with gas @ £34/boepd and 75% tax whilst producing c22.5k boepd..

[bountyhunter] 21/2/2024 17:58

Except that they are paying a significant chunk of it to themselves.

[lord gnome] 21/2/2024 17:35

Sensible view imo would be to hold off buying or adding until we have results and a divi. The new management might not be so wedded to that juicy dividend.

[bountyhunter] 21/2/2024 10:39

Yield 12.2%, final divi due to be announced around 11 April?

[seekinvalue] 21/2/2024 10:32

just wondering what the upside is with this stock. Im underwater with it and I hate taking a significant loss but I can't see how this meaningfully recovers from here, certainly in the next 6 months? and other opportunities with a clearer picture beckon ..

[lord gnome] 21/2/2024 08:51

I wouldn't bet on it.

[scepticalinvestor] 21/2/2024 08:26

Seems incredibly good value at these levels, all of those issues are priced in, surely?

[lord gnome] 21/2/2024 08:14

You've got a heck of a lot of history to catch up with, SI. Firstly, the whole sector is out of favour. Secondly WFT is hitting profits. Thirdly, someone should write a book about the recent deal for Tailwind.Sentiment here is rock bottom.

[scepticalinvestor] 21/2/2024 08:10

Have started watching this. I get that the CEO is leaving but why the huge drift down in mkt cap? Started before he left

[duckdown] 20/2/2024 15:52

Begs the question why anybody would vote for either Labour or the Conservatives.

Completely useless the lot of them.

[nakedmolerat] 20/2/2024 07:27

i agree Joe, they are pandering to the green vote over working class peoples jobs 78% tax from 75%, no new licenses. yet, china and all just do what they want.

[joestalin] 20/2/2024 05:13

Labour will kill our O&G industry. They will allow the EU to finish the job and kill all our manufacturing industries.

[yasx] 19/2/2024 17:19

The WFT (and labour intending to extend it) has crushed many Co’s and will undoubtedly lead to further job losses.

[pineapple1] 19/2/2024 14:51

I often look at charts .Some do some don't bother . The H@s targeted £1.70 ish .A small gap on the chart down at £1.40 from some time ago. Surely not.
If it gets to £1.70ish i'll buy back in despite exposing myself to the hated WFT even more.
Got quite a few HBR (at least they are trying to diversify unlike SQZ ) so felt that enough in the semi uninvestable NS oil sector....lol
But a bargain is a bargain and i'll have to hold my nose.
imho

[oilinvestoral] 19/2/2024 14:16

Company apparently cut FCF forecast via house broker hence the drop to the low 180s. Hopefully support at 179-178 holds.

[oilinvestoral] 13/2/2024 11:51

" I'd forgotten to include the Tailwind debt."------------------Exactamundo! Mercuria pilliaged copious amounts of dividends and loaded up the company with debt to the gullets before selling it on! Hence why it's best to always always always look at EV rather than cash cost!