Serica Energy Share Discussion Threads

[fardels bear] 19/3/2018 19:54

Nigel I'm getting bored with you. We know you're looking for an entry point

[nigelpm] 19/3/2018 19:51

You said :


Hmm I reckon it's worth its market cap on the reserves alone, with no output at all.

Your complete reference was to SQZ in its current guise. HTH.

[dunderheed] 19/3/2018 19:48

6118, good post & 6117 that wasnt at all clear!!
As I say, strange very strange.

[dunderheed] 19/3/2018 19:47

FB, I'm 'filtered but not really' by Nige.
You can add FAR to that list.
Some of those others quoted were a little over valued but HUR and FAR are genuine good e&p companies without production but priced for their respective assets and potential future production profiles and hence CF.

[fardels bear] 19/3/2018 19:47

But it hasn't Nigel. And for all you talk as if it might it hasn't.

[nigelpm] 19/3/2018 19:46

Think you've missed the point - if an existing developed field stopped producing in the way you've suggested above it would be worth very little.

Clearly, I'm not talking about discoveries to come.

[fardels bear] 19/3/2018 19:41

And istr XEL had a mkt cap of just ove a billion for sometime (notwithstanding its large debt) before the fall. UKOG?CHAR was worth a colossal amount too at one point. Even more remarkable, AEY was over four quid a share with no production before that imploded.

[fardels bear] 19/3/2018 19:36

Go and have a look at HUR, nige.

[dunderheed] 19/3/2018 19:31

6112 what an obtuse thing to say?!
What if said e&p had made one of the largest discoveries in the world in that year like FAR (SNE) did?
Strange (person) very strange!

[dunderheed] 19/3/2018 19:28

6111 I didnt actually but there u go!
I thought he was more of a long term investor type but judging some of his comments on ophr, probably think I was wrong in that inference.

[nigelpm] 19/3/2018 19:27

I always had nige down as a fellow spiv.

Hardly - just call it as I see it.

The idea that an oil E&P with no output could be worth £165m is beyond reasoning with.

[fardels bear] 19/3/2018 19:17

I always had nige down as a fellow spiv.

[dunderheed] 19/3/2018 18:51

FB don't worry about Nige, he's been in love with sia and ophr all these years and I hear has started to like blvn as well?!
In fact recently he was suggesting sia buy sqz on another board with all their 'spare' cash!!

[0rient] 19/3/2018 18:49

As soon as the BKR deal with BP is fully operational and rubber stamped(formality)then there is not a prayer this will be trading below 100p per share..Market Cap deservedly needs to be 300 million plus which would still be way to cheap for future earnings. I don't know if Serica have any anti-takeover measures but i imagine there will be a few including private equity groups circling Serica like a bunch of vultures waiting for their chance :-)

[nigelpm] 19/3/2018 18:12

Hmm I reckon it's worth its market cap on the reserves alone, with no output at all.

Keep smoking the good stuff lad.

[fardels bear] 19/3/2018 17:17

Hmm I reckon it's worth its market cap on the reserves alone, with no output at all.

[rathean] 19/3/2018 16:25

Lack of positive news and perceived risk to output. I'll buy in again at 50p if we get there if funds allow. No worries about medium term circa 12 month capital gain here.

[fardels bear] 19/3/2018 15:47

ISA. Bloody phone.

[fardels bear] 19/3/2018 15:46

You've got to buy them back though to put them into your USA.

[jimbo66] 19/3/2018 15:43

Some selling also due to being end of tax year. Peeps using CGT allowances and/or moving to ISAs.

[tup2] 19/3/2018 15:40

Just got a comprehensive and very speedy reply from Mitch Flegg re any concerns about Iranian sanctions. In short,not an issue and not concerned.

[rathean] 19/3/2018 15:29

Just topped up to bring the average down. Happy to do so again if we go much lower. Short term pain from the blocked pipe but medium term this will likely double from this price imo.

[dunderheed] 19/3/2018 14:18

6096 & 6097 agree.