Serica Energy Share Discussion Threads

[bountyhunter] 03/7/2024 12:29

After the incredible deal Tailwind engineered for SQZ I'm at least confident there's little chance they will overpay for a further acquisition!

[plasybryn] 03/7/2024 12:01

SP Angel today:-Serica Energy (SQZ LN) 137p, Market Cap £536m: War chest for growthSerica announced an increase in the borrowing base from $463m up to the full committed amount of $525m on its reserve-based lending (RBL) facility, which reflects higher reserves and recent hedging put in place.The Company now has liquidity of over £500m following this semi-annual RBL redetermination, which supports delivery on the two-pronged strategy of investing in assets and executing on attractive M&A opportunities. Serica shares have lost 40% YTD23 in line with a deterioration in market sentiment towards UK-focused E&Ps, which are still waiting for confirmation of the potential oil and gas fiscal changes by a Labour government if successful.However, Serica's strong balance sheet provides material firepower to fund further M&A and sector consolidation to add scale and boost access to capital, though fiscal uncertainty makes cash-based deals more difficult than relative value trades, with cash resources currently more likely to be redeployed out of the UK.We think Serica's strategy has changed following the merger with Tailwind last year and entrance of Mercuria as a 25% strategic shareholder, which has made the new management team more comfortable investing in larger and more long-term development projects to make use of EPL offsets for new investments.

[mickinvest] 03/7/2024 07:25

Harbour are up about 50% off their lows since they announced their acquisition so looking for £2+ for starters when we find something.

[crookie3634] 03/7/2024 07:05

The key is they diversify outside of the UK footprint as that is what will turn the tide on the recent decline

[nigelpm] 03/7/2024 07:00

So many opportunities out there. I'd think you are right.

[crookie3634] 03/7/2024 06:54

I read that RNS with the view that they have an acquisition in mind.

[ashkv] 03/7/2024 06:28

New CEO starting on a positive note with Director Buys!



London, 2, July 2024 - Serica Energy plc (AIM: SQZ), confirms that Christopher Cox, Chief Executive Officer, purchased 125,430 ordinary shares at a price of 135.5p per share in the Company.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Cox is interested in 125,430 ordinary shares in the capital of the Company, representing 0.032124% which is calculated on the total number of ordinary shares carrying voting rights of 390,457,635.

[swanvesta] 02/7/2024 15:52

£170k seems a reasonable sign of confidence:

[ct8637] 01/7/2024 08:01

New boss in the Chair today. Let's see how he rearranges the furniture and what ideas he has. A nice big director buy would send a signal that he's on side and will be working in the shareholders interests. GE this week, hopefully labours disaster is already priced in so there won't be any shocks aside from the sentiment on the day. Chart doesn't look great but there's good value to be had down here over the medium term

[sawney] 30/6/2024 14:01

Nothing is EVER priced in on AIM....I vaguely remember one or two oil minnows way back...being worth more in the cash they held, than the share price was...

[cat33] 30/6/2024 12:02

Latest on Serica from Jimhttps://oilman.beehiiv.com/p/oilman-jims-letter-june-30-2024Worth reading

[arlington chetwynd talbott] 29/6/2024 12:30

You would think it is priced in. In fact that sounds like the consensus here, which automatically makes me wary. I would rather wait and see. Why rush into anything on AIM? If I miss out here there will be other opportunities - or I can just buy more PTAL.

[kenmitch] 29/6/2024 11:54

Arlington.

The election result is already priced in to oil shares like Serica, as markets look ahead and know a Labour win is a near certainty.

What isn’t priced in is reality hitting once Labour are in power. Current Labour (Ed Milliband led) North Sea policy is nonsensical and will cost thousands of jobs and £billions in lost revenues and taxes and will widen our trade gap even further.

How long before pressure from vested interests forces a Labour Government to come to its senses? Not long is my guess. Then there could well be a reversal of the barmy no more North Sea oil and gas licences policy. That would see Serica’s share price go up significantly. But if Labour stays as stupid then that’s already priced in to the Serica share price. And Serica have already made it clear that they would then look overseas instead…..again a potential share price booster.

btw…exactly the same applies to the Labour deadline of going back to no more petrol or diesel cars nonsense by 2030 and huge fines for Companies not selling enough electric cars. Car Manufacturers hit by that will simply move their production to sensible Countries. At least the current Government woke up to the folly of that so soon 2030 date.

Perhaps someone could tell our politicians that the UK is responsible for less than 1% of the pollution that has lead to these crazy policies.

[adejuk] 28/6/2024 12:42

nice entry share price

[heialex1] 28/6/2024 11:19

Like Serica, buying on an exaggerated x div day can be sensible. This should trend up over the next weeks

[ashkv] 28/6/2024 10:01

Treatment for this hopeless twisted sad soul who used to OCD stalk the Trinity Exploration board!!!

Was stalking me on the JSE board and has now popped up here!!! Get a life bud....

Going forward ->

Arlington Chetwynd Talbott28 Jun '24 - 08:46 - 6582 of 6583 (Filtered)

[squareloss] 28/6/2024 07:47

A takeover of JSE is a fair shout, they are also massively undervalued after some unfortunate operational issues with Montara. Makes sense to diversify away from the UK, though might be good to wait just in case Nigel rides in to the rescue of our once Great Britain...!

[sawney] 28/6/2024 06:06

Prior to the Labour fiasco being published...apparently the Unions wouldn't sign off on it because of the catastrophic effect on North Sea jobs...doesn't look like they won the day...or maybe Eddy's original Plan was even worse...?

[sageofonion] 28/6/2024 05:34

No point publishing yet another article in the Times or the Telegraph. Companies like SQZ need to make sure trade unions are aware of the huge impact on jobs if things don’t change. That’s the only to influence Red Ed Moribund.

[creditcrunchies] 27/6/2024 20:43

There isn't a bargain with a falling knife the only positive is a potential dead cat bounce from a long term decline from 450p to 100p after a disastrous deal two years ago.

[brucie5] 27/6/2024 18:07

Kenmitch 27 Jun
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Thanks Ken, Good to hear from you.