Serica Energy Share Discussion Threads

[spectoacc] 23/7/2024 08:24

This iteration of Labour is nothing if not practical (for now) - it'll be no more exploration permits, not no more production permits, IMO. That's got me to take a position in SQZ.

Ed is the reason we got Corbyn which is the reason we got Boris - has Mr M ever had a proper job in his life?

[sawney] 23/7/2024 08:19

....they've talked about Norway....where there's a shedload more common sense..Ed's a clown...a dangerous one at that....always has been...always will be...In the meantime...can't see anyone keen on voting for Hapless Harris...and Trump mentioned 3 words during his acceptance speech...."Drill baby drill"Can't see multinationals hanging around the Ftse for Ed's benefit....

[upwego] 23/7/2024 06:35

peter, we want an asset away from the NS - diversification is they answer and the share price will respond..

[ct8637] 22/7/2024 16:01

I don't understand why people keep pushing an enquest merger. Are you just holders of enquest hoping that serica buy them out so you get a big payday?? I don't think a purchase of anything in the North Sea is going to happen.The bod here have made their feeling on the tax quite clear so why would the further expose themselves to more tax and use their reserves when they could use their cash reserves and funding to purchase something far away from the North Sea where they don't have to give over a load of tax money to a government determined to see them bankrupt.

[97peter] 22/7/2024 13:33

Enquest and Serica merger and growth

With cash assets in both companies at an all time high, oil wells and gas wells outside of NS, plus chance to sweep up lots if smaller O&G companies together could put the new Company - SERIQUEST on par with Larger companies like Harbour???

[upwego] 22/7/2024 08:31

Decided to take a position here £20k based on an Acquisition away from NS and the director spending a shedload.. There must be something cooking in the background.

Good luck all.

“I will do my utmost to continue the company's reputation for safe high quality operational performance, to realise the significant potential for growth within the existing portfolio and to add further value for shareholders through mergers and acquisitions.”

At 1248 BST, shares in Serica Energy were up 0.61% at 181.4p.

Reporting by Josh White for Sharecast.com.

[bountyhunter] 21/7/2024 18:47

..and also there looks likely to be a pricey Dr's settlement to pay for! So if they're not going to raise taxes you're right Reeves won't want to reduce existing tax revenues.

[waterloo01] 21/7/2024 18:01

One can hope!

[kenmitch] 21/7/2024 17:53

A couple of possible positives; the stopping of new North Sea oil projects was not in the King’s speech. Also Rachel Reeve today hinted that she might well have to go along with the 5.5% review body recommendation for teachers pay. That will cost around £3 billion. That’s extra money that needs to be found somehow. She is not likely to be in a hurry to agree to Ed Milliband’s North Sea madness that will result in many £ billions in lost revenues and taxes. I.e a high chance common sense will prevail……;to the benefit of the likes of Serica and those holding the shares.

[bountyhunter] 21/7/2024 16:01

There's several O&G long term charts to browse through via the link below. The AXL chart is one of the most impressive (listed out of order just before SQZ which is in order under 'S'). I wouldn't be at all surprised if AXL is taken out of the running by a company with North American interests sooner rather than later. Nai.

[bountyhunter] 21/7/2024 15:49

I think we may all have a few interests elsewhere :)
Based on Tailwind's previous merger prowess I'm at least confident in their ability to extract maximum value from another acquisition or merger.

[farmscan] 21/7/2024 14:17

What about Capricorn? Assets in Egypt and Chris Cox was interim CEO.

[97peter] 21/7/2024 12:30

The perfect merger/buyout would be Enquest. We both have cash assets, plus Enquest has reserves/wells outside of NS. Or maybe Arrow Exploration? Comments, thoughts?
A merger with Enquest would be quick and easy plus cost effective for both parties!!

[kenmitch] 20/7/2024 12:16

Tabhair

Serica IS cheap on a PE of just 3 but it’s certainly reasonable to argue (and doing so shouldn’t result in down ticks) that Serica is deservedly cheap. And as with every share that’s cheap it could get even cheaper if the bear case wins out. I think it’s far more likely that like Hurricane has, Serica will adapt by looking beyond the North Sea if Milliband is allowed to fulfil his ridiculous policy on North Sea oil. But as with every opinion, events might prove it to be wrong.

[bountyhunter] 20/7/2024 11:55

Certainly not! Maybe it was Stemis or Ash ;-)

I'm holding on for an accretive acquisition if SQZ can find one. On the plus side we know that Tailwind management will not overpay!!

[farmscan] 20/7/2024 11:13

Who was it that bought 2.7 million shares @ £1.34 yesterday afternoon? Was it you bounty?

[mickinvest] 20/7/2024 10:13

SQZ's looks like that chart if you turn your phone 90 degrees :-(

[bountyhunter] 20/7/2024 10:03

Serica need to make an accretive acquisition outside the UK, just look what assets abroad did for Harbour.


This would be a good one, there's not many charts like this in the O&G sector..

[tabhair] 19/7/2024 14:32

I am probably going to get quite a few thumbs down's for this, but the more I look at Serica, the more I think it's not that cheap. I don't think it's expensive either, just not the screaming bargain it initially looks.

Between the fall in gas prices (down about 20% on average since 2023) and the full impact of the 78% tax that will be felt in 2025, I could see earnings halving based on current energy prices. In that scenario, a 23p dividend wouldn't be sustainable either, it would also have to half to about 10-12p.

Obviously I don't have a crystal ball, I can't predict what energy prices will do tomorrow, let alone in a year and a half.

[undervaluedassets] 19/7/2024 11:50

Why would you bother with the North Sea as things stand politically.

A lot of hard work and risk for literally no return.

[xxnjr] 19/7/2024 10:06

You mean "no more UKNS acquisitions"!

[imjustdandy] 19/7/2024 09:13

Hopefully a huge reversal here. The fact there will be no new licenses in NS might actually work in our favour if labour decide to work with all existing licensees. I'm hopeful for SQZ and at 1.33 it's worth the risk

[imjustdandy] 19/7/2024 08:39

Took another 12k down here.

[bountyhunter] 19/7/2024 07:59

More like kicked into the long grass than got away :) agreed no more NS acquisitions.