Serica Energy Share Discussion Threads

[captainfatcat] 19/3/2018 14:03

Winstone yes that's my take on it as well.

[general george] 19/3/2018 13:03

I have been topping up from 69p down, no brainer imho
Will continue to do so, average price up to 34p now.

[fardels bear] 19/3/2018 12:59

Hardly any volume, Dh.

[dunderheed] 19/3/2018 12:32

And worrying!
But still relatively low volumes?

[fardels bear] 19/3/2018 11:07

Bizarre this.

[captainfatcat] 19/3/2018 10:58

Thinking about a top up myself

Tick Tock

[spandy83] 16/3/2018 14:39

Really tempted to open up a large SB... but the persistent drop is having the predictable psychological effect of stopping me... what to do!

[steelwatch] 16/3/2018 14:04

Me neither!

[dunderheed] 16/3/2018 13:54

steel whilst this could be linked to current share price weakness I don't concern myself about this because we can use an earlier escrow account option with regard to revenues.
Whilst there are a lot of American service companies they don't have the complete market so if any unlikely service company blocks applied then I am sure this is workable as well?
I'd like to add further at the moment but don't have the spare cash lol!!
Best of luck all.

[0rient] 16/3/2018 13:14

Volumes are pitiful so this drop not a true reflection...the market & a poorly worded trading update giving us a chance which i didn't think would happen. I've purchased a number of shares over the last couple of weeks..happy to hold and lets see what the share price is this time next year :-)

[captainfatcat] 16/3/2018 12:53

Thanks Chesty nice work

[chestnuts] 16/3/2018 12:53

Dunderheed

I think its one of those things that might get explained at the AGm in a quiet corner

After all when you think about it , it cant be for the operator as they might have tried to use say in Iran as it wouldnt wSH

[dunderheed] 16/3/2018 12:48

Cheers chesty.
Was that the update you were referring to earlier regarding reasons why the TOO was put off until 3qtr?
Do you think this will be explained in upcoming yearly results, which I assume are probably 3 weeks away?
Would be good for Erskine to be back on stream for then as well?

[chestnuts] 16/3/2018 12:43

THe pattern on Sqz at the moment looks like a falling wedge , but some time the share price can fall through the bottom,

It looks like the delay to contract completion for BKR to the 3rd Q for the LAFC or is it LOFC is down to the fact that the Licence it seems is for BKR not the operator and seen as it doesnt run out till Sept it wont get renewed till then, or just before, hope that helps everyone.

[fardels bear] 16/3/2018 11:52

I know a lot of them sold to ride EOG up on multiple prospects. I've never made any money in EOG in 8 years so I stayed here.. Nobody who exited here post rise to buy EOG has made any profit..

This will unbalance my portfolio once it gets to 150p, but in a good way.

[underdog1] 14/3/2018 19:35

Article on sqz and pmo on motley fool for anyone that missed it:

[dunderheed] 14/3/2018 12:33

FB yes Nige is looking for a cheaper entry point you're quite right matey!!

[dunderheed] 14/3/2018 12:30

Ah FH, seeing the 15k trees (let's not forget a little over designed) I now see this as being a little HP hence you're quite correct I would much prefer BP do that for sqz!
I'd earlier referred to rhum 3 being a relatively simple dev well so need to correct that comment but with BP operating I don't see this as being any particular high concern?
Best of luck all.

[sawney] 14/3/2018 12:28

bp are no dummies and say they expect to collect £300mm form this deal (in 4 years and dont know if that includes some of the collared gas they have tied in) so is whats left for Serica a good deal.

The deal can't be that bad..

BP still holding 5% of SQZ and showing no signs of offloading....

[steelwatch] 14/3/2018 12:22

flyinghorse1 - Regarding R3 intervention, a rig has been contracted:



No idea which rig, but BP already has a couple of Odfjell Deepsea rigs on longterm hire.

[flyinghorse1] 14/3/2018 12:20

I think the real entry point was before the deal (when most people would not have had the foggiest about this bp deal).

Is there a second entry point -that's what I am trying to work out. To do that the positives and the negatives have to be weighed up.

bp are no dummies and say they expect to collect £300mm form this deal (in 4 years and dont know if that includes some of the collared gas they have tied in) so is whats left for Serica a good deal.

Rhum does look good if the R3 can get on production.
FH