Serica Energy Share Discussion Threads

[tabhair] 10/7/2024 10:36

Zero chance Labour reverses course on increasing the windfall energy tax. Taxing "greedy" energy companies is about the lowest hanging fruit they can possibly pick from the tax raising tree.

[stemis] 10/7/2024 09:58

I doubt they'll row back on private school fees but there's still a lot of detail to fill in on their plans for oil & gas taxes. King's speech is 17 July and summer recess was due to begin 23 July but is likely to be pushed back to end of July. Labour's first budget is likely to be mid September earliest but could be as late as November.

[yasx] 09/7/2024 21:40

It is plainly the sensible thing to do - hopefully the Davos/NATO/WEF collective allow Starmer to change course.

[nigelpm] 09/7/2024 20:57

I suspect they'll look for reasons to row back on stuff like VAT on private schools, energy windfall taxes etc... we'll see - common sense tells me they will.

[nigelpm] 09/7/2024 20:03

They are idiots but I don't think they'll go so far to completely decimate the industry - even they will know that tax revenues are going to have to found elsewhere.

[yasx] 09/7/2024 18:58

They need to announce an acquisition to spread assets across different geographies - and soon.

Stammer/Millibland’s unyielding war on NS shows no hope of a change - only today they have announced Fahnbuller (part of the 2024 intake) as an energy minister - she apparently has always claimed one of her top priorities is addressing the climate crisis. One thing is for sure - these nuts will create a energy crisis in the UK

[arlington chetwynd talbott] 09/7/2024 17:09

Is that dividend set in stone though?

[nemesis6] 09/7/2024 17:03

lordy! yes look at that divvi

[pjackson2] 09/7/2024 16:52

All because of labour tax plans but overdone now.
Got some before the director buy last week at £1.37. My first SQZ.
If it falls much more will have some more at 17% dividend.

[nemesis6] 09/7/2024 16:38

dont get too excited the way this is dropping well be a penny share soon

[adam] 09/7/2024 09:27

What about the AROs?

[97peter] 09/7/2024 08:55

Enquest would be perfect, on the growth spirt, buybacks, plus has 60% of its oil wells outside UK. Plus share price and free cash is a great buy!!

[bountyhunter] 08/7/2024 20:50

I can't really see Touchstone being of interest to SQZ. The chart doesn't look great and they haven't been hit by the windfall tax to explain the descent. Enquest could be interesting but aren't SQZ looking outside of the UK (although ENQ do have some interests in Malaysia)?

[97peter] 08/7/2024 20:19

We could buy Enquest or Touchstone, both would enhance SQZ and we can afford it, fund it and start taking profits from day 1!!!!!

[pjackson2] 08/7/2024 18:50

I would agree PDMR do not guarantee a good outcome,seen BOD purchases mess up big time.
But these are big buys and they gonna know what poss deals they could go in for.
You really think this guy put huge sum in on a whim. Get real.

[oilinvestoral] 08/7/2024 11:36

Potential acquisition for whom ??? If you are referring to SQZ they're focused closer to home. Norway mentioned and hinted to numerous times .... They ain't going to Angola and Paul McDade ain't selling to them (even if they had a change of heart)!

[bountyhunter] 08/7/2024 11:19

The charts were taken from my oil thread so some may have been missed, here's AET..



Looks pretty good but I know little about it so will leave others to comment as to whether that might be on a list for a potential acquisition.

[bountyhunter] 08/7/2024 11:18

Yes quite a vote of confidence..

PDMR Dealings



London, 8, July 2024 - Serica Energy plc (AIM: SQZ), confirms that Christopher Cox, Chief Executive Officer, purchased 306,597 ordinary shares at an average price of £1.390797819 per share in the Company.



Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Cox is interested in 432,027 ordinary shares in the capital of the Company, representing 0.11065% which is calculated on the total number of ordinary shares carrying voting rights of 390,457,635.

[scepticalinvestor] 08/7/2024 10:30

This is on my watchlist - not surprising where the share price is with the mountaon of debt and potential new NS drilling regs.Is there any bull case for this? PDMRs dont always precipitate a good outcome

[return_of_the_apeman] 08/7/2024 08:34

Bountyhunter,

Any reason why you excluded AET from your list?

[imjustdandy] 08/7/2024 07:52

Think 1.40 is the bottom. Back to 2 quid we go.

[farmscan] 08/7/2024 07:25

Well that shows confidence, after just one week in the job!

[imjustdandy] 08/7/2024 07:22

He's spent £600,000 in past 5 days