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SQZ Serica Energy Plc

130.30
0.00 (0.00%)
18 Dec 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 130.30 130.80 131.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 632.64M 102.98M 0.2638 4.94 508.73M
Serica Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker SQZ. The last closing price for Serica Energy was 130.30p. Over the last year, Serica Energy shares have traded in a share price range of 110.40p to 242.40p.

Serica Energy currently has 390,426,423 shares in issue. The market capitalisation of Serica Energy is £508.73 million. Serica Energy has a price to earnings ratio (PE ratio) of 4.94.

Serica Energy Share Discussion Threads

Showing 27801 to 27823 of 28900 messages
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DateSubjectAuthorDiscuss
04/6/2024
14:59
Grim times here
davethehorse
04/6/2024
14:48
I too have been adding to this and a few other energy plays.

I think given time these will re-rate unless there is something to which we are not privy.

yasx
04/6/2024
14:38
Looks in freefall. I'm tempted, but the chart looks horrible.
pinemartin9
04/6/2024
14:20
I added some this afternoon. Seems to be getting out of hand.
nigelpm
04/6/2024
13:15
A case of be careful what you wish for.
yasx
04/6/2024
12:59
OilAl,

Exactly my point - diversification is to move away from and reduce risk, not move towards and increase risk.

It seemed a daft decision at the time (I did not hold shares back then), and so it has proven.

yasx
04/6/2024
12:49
"The fault for this rests with SQZ as well - they failed to diversify when it was palpably clear to everyone that the UK Govt was causing havoc for NS players,"--------------YasxErm ... they did diversify ! Wait for it ... By buying Tailwind in the UK! It was literally a few months after the EPL was announced! You couldn't make it up!
oilinvestoral
04/6/2024
12:41
I'll be buying more with the divi
orchestralis
04/6/2024
09:41
If Starmer simply said that we are not going to add to the Tory taxes on North sea, during the campaign this thing will jump.
It is way to cheap and labour knows that any move that shutters jobs due to their higher taxes will not go down well. Hopefully common sense will prevail.

hunter154
04/6/2024
09:33
Nigel,

Noted.

yasx
04/6/2024
08:17
Chart awful here....not sure when next support is?
davethehorse
04/6/2024
08:12
I know that yas. I was being tongue in cheek and simply suggesting it would be good. Clearly there are a series of limits and rules they need to follow.
nigelpm
04/6/2024
08:02
Nigel,

Buybacks (in practical terms) are not conducted by the Co. in this way - the broker has a pre-determined set of parameters according to which it makes purchases, rather than the Co. monitoring prices and loading up when prices are lower.

yasx
04/6/2024
08:01
SQZ does appear very inexpensive on EV/2P and EV/Flowing Barrels at this level.

Ex-Div for 14p soon and if it falls to that level it is a screaming BUY.

New highly regarded CEO incoming to replace the third rate clown who was forced out and Labour fears overdone!!!

ashkv
04/6/2024
07:50
It'll drop another 14-20p when it goes exdiv soon as well.
creditcrunchies
04/6/2024
07:46
Share price reflects the fear of kier starmer being in charge!
slicethepie
04/6/2024
07:25
Dire share price - a new 52 week low. Mitch Flegg's poisoned chalice post the debacle Tailwind Deal appears to have inflicted a fatal blow to SQZ's share price!!!

SQZ now worth markedly less than what it paid for Tailwind around a year prior.

Brent in the doldrums but UK Gas prices on an upswing... Dividend Yield now close to 14%!!

:(

SP-> 165.70p
SQZ Current Share Price vs 52 Week low of 165.7p on 4 June 24-> 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -38.86%
Brent-> $77.30
British Gas Prices (Next Month)-> £87.50
Shares Outstanding-> 393,468,408
GBPUSD-> 1.280
MarketCap GBP-> £651,977,152
MarketCap USD-> $834,530,755
Cash GBP [Including GBP27.5mn of Decom security deposit reimbursed in 2024] per FY 2023 Results-> £291,000,000
Cash USD (31 Dec 23)-> $372,480,000
Debt (GBP) (31 Dec 23)-> £213,000,000
Debt (USD) (31 Dec 23)-> $272,640,000
NET CASH (USD) (31 Dec 23)-> $99,840,000
NET CASH % of SP/Market Cap-> 11.96%
Net Cash Component of SQZ Share Price-> 19.82p
Enterprise Value (In USD)-> $734,690,755
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> 43,000
SQZ YTD Production [1 Jan to/Including 14 Apr 24]-> 45,400
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> $17,086
EV/Barrel SQZ YTD Production [1 Jan to/Including 14 Apr 24]-> $16,183
EV/Barrel Actual Average 2023 Production-> $18,312
Decommissioning Provision (Per FY 23 Results)-> $149,158,400
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision-> $20,555
(9p+14p) 2023 Full Year Expected Dividend Yield-> 13.88%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $5.25

ashkv
04/6/2024
07:12
Buyback needs to be very aggressive today. Forget fiddling around with 100k here and there. Put an order in for 5m at 170p and let it fill.
nigelpm
03/6/2024
14:22
The fault for this rests with SQZ as well - they failed to diversify when it was palpably clear to everyone that the UK Govt was causing havoc for NS players, with Labour undoubtedly set to make matters worse - it has been known to anyone with more than a single brain cell that Labour were certain to lead the country at some point in 2024.

A poor acquisition (in the context of what they could have had elsewhere) and now searching for acquisitions has led to a situation in which the shares are drifting with any periodic bounce sold into.

yasx
03/6/2024
13:34
All roads appear to lead to Davos...That Labour will not define what they intend to do about Capex investment allowances has just about brought the North Sea to a standstill....Nothing less than gross political incompetence......and they haven't gone through the door of No 10 yet....
sawney
03/6/2024
12:38
And if by magic a slight softening in Labour's rhetoric.
mickinvest
03/6/2024
09:39
Irrelevant from a practical perspective. SNP and Tories likely to be shouting from the sidelines but that's not going to change it.
nigelpm
03/6/2024
08:20
Its certainly not wholly irrelevant unless you are only looking at it from the election angle Nigel. There is nobody fighting the O&G corner apart from the Unite union so to get one of the major political parties onboard makes a huge difference as we can at least get some vocal argument to Labour's madness. Gas up 7% this morning, not doing much for the shares though
mickinvest
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