Serica Energy Share Discussion Threads

[bountyhunter] 26/2/2024 07:11

Exactly right, a 75% tax is already excessive and even more so now that O&G prices have dropped back significantly since the WFT was implemented. In fact it's not a "windfall" tax any more as those days are gone.

[74sjh] 25/2/2024 22:27

The amount of distorted tweets put out on Twitter regarding the windfall tax/EPL is shocking. The electorate lap it up blaming the majors for profiteering but appear to demonstrate zero understanding of the impact that removing investment incentives or as some describe - "loopholes" - will have on the smaller firms that actually operate in the North Sea. I'm surprised the industry and investment community is not fighting back more

[bountyhunter] 25/2/2024 16:58

Looking at the long term oil chart comparisons on my OIL thread it's interesting to note that only AXL, PTAL, WEN, CNA, SQZ and UPL are up on 2020 with by far the majority down. Good to see that some have done well, although I only hold two of them. I did have some CNA and did ok on those despite not so well elsewhere.

[bountyhunter] 25/2/2024 09:53

That last sentence is key and often overlooked in general comments on buybacks.

[ashkv] 25/2/2024 05:06

Buffet on Stock Buybacks in his recently published annual investor letter ->

On indirect impact of stock buybacks:

Both AMEX and Coke will almost certainly increase their dividends in 2024 – about 16% in the case of AMEX – and we will most certainly leave our holdings untouched throughout the year. Could I create a better worldwide business than these two enjoy? As Bertie will tell you: “No way.” Though Berkshire did not purchase shares of either company in 2023, your indirect
ownership of both Coke and AMEX increased a bit last year because of share repurchases we made at Berkshire. Such repurchases work to increase your participation in every asset that Berkshire owns. To this obvious but often overlooked truth, I add my usual caveat: All stock repurchases should be price-dependent. What is sensible at a discount to business-value becomes stupid if done at a premium.

[seekinvalue] 23/2/2024 10:17

Wel I trimmed it yesterday put it into coal, i'll sell down into rallies to a niminal holding and take a final decision later. Dissapointing, bought in at 400 averaged down to 280 can't see the light in this tunnel currently.
Holidnig for a dividend is pointless if the capital is getting destroyed.

[waterloo01] 23/2/2024 08:22

Nice write up.

[bountyhunter] 23/2/2024 07:31

That's been hard to avoid in the O&G sector over the last year, especially with small cap holdings.

[steelwatch] 22/2/2024 23:52

Hi bounty, my limit order got taken @ £3.40. The share price continued to rise to over £4+, but no complaint as my ultimate target was fulfilled. I am largely out of the market, but still have some strugglers gasping for air.

[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.