Serica Energy Share Discussion Threads

[oilinvestoral] 24/4/2024 14:19

Because we wanted the combined entity to get to £10 or SQZ to get to 600p on its own. Is that ok with you ?

[undervaluedassets] 24/4/2024 14:13

Price action today was pretty nuts. But that is just one day. and in this market one days price action means nothing.

I was well satisfied with what I heard I thought they came across very well.

They want to be a much bigger company than they are. The proof of that is that they have already grown a lot.

I like the ambition that this company has.

[farmscan] 24/4/2024 14:11

I still can't understand why shareholders who were angry and disappointed by the company's rejection of Kistos' 425p offer, didn't sell up about a month later when the SQZ share price went to 450, it makes no sense to still be moaning about.

[oilinvestoral] 24/4/2024 14:10

UVAKist is now net my cash friend (unlike SQZ)! They retired a lot of their Dutch bonds and have received a tax rebate from Norway! Yes, Kist is mainly gas! I have been a shareholder there since the IPO (got in around £1) after making more than 8 x my money in RRE with Andrew Austen! I'll give you one guess who spent his time bad mouthing AA & Rockrose as it 42 bagged for early shareholders! Yes the pugnacious one ! LMAO

[nigelpm] 24/4/2024 14:06

I'm very happy with management, results and outlook.

Still concerned how Labour might legislate but willing to take that risk on.

[undervaluedassets] 24/4/2024 14:02

Did they not say that Kistos had lots of debt on the call just now and was only focused on gas? producing both oil and gas gave Serica a better balance of exposure to hydrocarbon prices.

Kistos is a much smaller company is it not? The guys on the call look to be looking for bigger deals

[nigelpm] 24/4/2024 13:58

Sounds like you should sell up and buy Kistos.

[oilinvestoral] 24/4/2024 13:57

If they make another large UK acquisition (under the current tax regime with Labour gov still to come), I'll drop SQZ (after nearly a decade of being a shareholder) faster than the accountants can say "Mitch is a competent CEO" or "Tailwind was an excellent acquisition"! That would literally be the straw that broke the camel's back and would stink of poor judgement / business acumen! The way to go was the merger with KIST and AA to lead the combined entity! Mitch's big ego got in the way unfortunately!

[nigelpm] 24/4/2024 13:48

Mitch leaving "it's time to freshen up the team" - makes sense to me.

[waterloo01] 24/4/2024 13:46

Confident presentation.

[nigelpm] 24/4/2024 13:37

"tailwind deal was a good deal in many many ways"

Yup.

[nigelpm] 24/4/2024 13:36

"looking at lots of things in Norway" but "continuing to look at UK"

[undervaluedassets] 24/4/2024 13:29

hxxps://presentations.investormeetcompany.com/conferences/773d32153154/bigroom

[nigelpm] 24/4/2024 13:27

That's because it's a great business.

[undervaluedassets] 24/4/2024 13:25

watching the presentation.

They come over incredibly well.

[nigelpm] 24/4/2024 13:23

A reminder that full utilisation would be > $1bn - not what I noted this morning.

[oilinvestoral] 24/4/2024 13:20

"I don't think anyone expects them to make "full utilisation"!"-------The person that tried to use the full tax losses figure this morning to once again justify the egregiously disgusting acquisition of tailwind clearly expects that! Now back in the iggy bin you go (filtered)!

[andymunchkin] 24/4/2024 13:17

tUrning oOTTOo bE anOther pUmp&dUmp bY bOUntY muTT

[fenners66] 24/4/2024 13:08

What potential labour policy appeals to the most voters ?

Tell the public that and get the votes.
After that arrange a "review" of implications - does it impact jobs and longer term tax revenue and kick the can down the road....
leaving available policy to reprise just in time for the next election .... rinse and repeat.

[nigelpm] 24/4/2024 13:00

Even that will make full utilisation of previous losses difficult!

I don't think anyone expects them to make "full utilisation"!

[nigelpm] 24/4/2024 13:00

IMC starting now.

[stemis] 24/4/2024 12:23

They spcifically said they won't backdate and haven't even suggested that they'd restrict brought forward tax losses.

[oilinvestoral] 24/4/2024 11:47

"I've not read your link "-----In that case, You might want to read the link.While plans are not confirmed they have flip flopped a few times from not wanting to backdate to being adamant they will both increase the tax and also backdate. As I say , it's not confirmed and will become clear later in the year ...

[creditcrunchies] 24/4/2024 11:35

So many jobs will go then all of the tax revenue dries up as Serica pointed out decommissioning will accelerate