Serica Energy Share Discussion Threads

[arlington chetwynd talbott] 19/6/2024 00:12

Inevitably though they will not achieve the tax take that they are hoping for - is there not a real chance that they will go a lot further than that?

[bountyhunter] 18/6/2024 21:07

That's why the price is where it is. With a majority win Starmer may have other priorities as it's pretty much been spelt out to the letter re the 3% tax rise and removal of the development allowance. The banks could be hit next?

[arlington chetwynd talbott] 18/6/2024 19:56

Serious question - I have been a big SQZ fan in the past and, on the face of it, it looks a bargain right now, but I am really struggling with the political risk.

[arlington chetwynd talbott] 18/6/2024 18:24

Two people clearly disagree - what is your thinking there? What makes this a value proposition for you, rather than a value trap?

[arlington chetwynd talbott] 18/6/2024 14:49

Twitter ramp ahoy!

[aishah] 18/6/2024 14:11

STIFEL sets 232p target post the Labour manifesto

[sawney] 17/6/2024 09:36

The last paragraph will not age well....Eddy baby is in for a real shock......in an ideal world, I'd like Shell and BP to come out with a joint statement before the Election....

[monet] 17/6/2024 09:32

That's more like it, better than the piddling amount normally gets purchased.

Transaction in Own Shares

London, 17 June 2024 - Serica Energy plc (the "Company") (AIM: SQZ) announces that on 14 June 2024, it purchased 419,504 ordinary shares at a average price paid per share
145.3405p

[plasybryn] 17/6/2024 07:54

Gary Newman on ShareProphets seems positive. Worth a read. Have to subscribe unfortunately.

[ohisay] 17/6/2024 04:37

Reminds me of a headline I saw recently :

Monkeys with hand grenades

[upomega] 16/6/2024 19:57

Totally agree bounty hunter. It is a Very worthwhile read. For me what it does is summarise what many of lth feel. Inmho.

[bountyhunter] 16/6/2024 17:48

This section is in agreement with what a few of us here have already suggested re the Tailwind "acquisition", not that you can really call it that ...

"the previous leadership let Mercuria dictate the terms in its favour. In fact, management and directors were also signing their death sentence. One of the main changes after the deal was completed was the replacement of all top management positions and some of the directors."
...

"Serica completed the transaction in March 2023 and it was evident that it looked more like a reverse take over than a proper acquisition. As a result, Mercuria has become the largest shareholder of Serica with more than 25% (it has been slightly reduced since then)."
However aside from that and obviously the reference to the EPL and allowances going forwards the article is generally positive overall re Serica imv and really is well worth a read.

[bountyhunter] 16/6/2024 17:41

That's an excellent article Plasybryn, really comprehensive and full of important details - I've just had the time to read it. I'll add the link below which you previously posted to the header.



Edit - it's so good that I've put that link at the top of the header for now!

[farrugia] 16/6/2024 08:01

what i can't understand is how these companies just stand there and take the blows without reacting...

why don't they join up and take the UK government to court? Surely there must be contracts which have to be respected? How is it acceptable that politicians are allowed to change the rules on a whim when companies made big investments based on past plans and revenue projections? How is acceptable that entrepreneurs who take all the risks aren't allowed to retain an acceptable return on investment? And on what basis can it be argued that oil companies have been making windfall profits when the oil price is back to where it was years ago? And what about loss making years when the oil and gas prices were too low? Lastly, why do the employees and contractors of all these companies not press the government by striking since their jobs are gradually vanishing!?

[briggs1209] 16/6/2024 07:38

hxxps://zerogcos.substack.com/p/serica-energy-tradition-meets-modernity

It is very well written, but written prior to this week's announcement.

We will have to see how far in Labour will plunge the knife. Only the SNP can steer North Sea assets away from the plughole.

[waterloo01] 15/6/2024 09:20

Interesting write up.

[plasybryn] 15/6/2024 08:51

Brilliant write up - can't believe he doesn't charge. I'm feeling quite good about Serica.Bring on the new CEOhttps://zerogcos.substack.com/p/serica-energy-tradition-meets-modernity

[ashkv] 14/6/2024 13:30

With a new CEO starting in July I would conjecture deals will follow in due course!!!

SQZ has bid for certain assets per news reports but their must be no material news re the same as quiet period with deals being evaluated :)

sawney14 Jun '24 - 12:32 - 6500 of 6501
0 0 0
..and implies no potential deals on the table...?

[davethehorse] 14/6/2024 12:45

Token gesture BOD buys really but hopefully puts a floor on the fall here for now

[sawney] 14/6/2024 12:32

..and implies no potential deals on the table...?

[cashisking76] 14/6/2024 12:28

Excellent News/RNS, always good to see the BoD adding/buying in here, also, any potential restraint in this respect (O&G) by Labour will only come after the elections and certainly not before; as we all know by experience, there are no legal obligations (but the electorate) for the parties to fully abide by their stated manifestos!

[loglorry1] 14/6/2024 12:16

The CEO/Chair/FD own almost none. The token gesture today shows that even more starkly. Just barely better than a kick in the nuts.

[yasx] 14/6/2024 12:08

I sense there was also the idea (misconceived) in the market that Labour may exercise some restraint regarding what they had previously proposed - in reality they have really tried to scupper the NS.

The realisation that Stammer/Milli-bland are intending to cause destruction sent the oil pays reeling.

[swanvesta] 14/6/2024 12:05

tompaul & ashkv,

Re IEA, there was also this: