Serica Energy Share Discussion Threads

[general george] 22/3/2018 12:59

Hi Fardels,

Based on my model I have full value around 228p, based on $65 oil/gas at 45p per therm.

But yes I agree Mr market is not always very generous, so a stock has to have excellent value, or excellent potential (eg ukog billions of barrles under surrey)

I think SQZ is the former and is waaaay undervalued.

I say 150p as a realistic short term target, as the cash builds obviously this goes up!

Hope to see you at £2 of course.

Cheers

[nigelpm] 22/3/2018 12:54

The E side of the equation isn't guaranteed yet - otherwise you'd probably have the price starting with a "2".

[fardels bear] 22/3/2018 12:51

Hmm.. 150p would give us a P/E ratio of somewhat under 4, wouldn't it.. Mr Market still not being generous at that, is he?

[general george] 22/3/2018 12:40

By tidy profit I say £1.50 in 12 months time.

[general george] 22/3/2018 12:29

Hi All,

Not too concerned about the recent drop, and have been topping up.
Average price up to over 30 now.

Lots of catalysts for an increase.

Erskine back online, deal completion, BKR numbers (16k boepd reported due to outages/restarts), Rowallan drill, and also Columbus development.

Last time Erskine was blocked proved to be an excellent opportunity. I was initially in at 28 and then 30p, but picked up some more as low as 22p.
SP had gone from 30p to 22p while Erskine was down.

I see similar here, 90p to 65p

Buyers down here will make a tidy profit imho..

Cheers GG

[fardels bear] 21/3/2018 20:36

I expect the media would start bleating about recessions.

[chestnuts] 21/3/2018 19:45

If oil can get past $70 the next stop is $95 ish now whats that going to do to the sp

[nigelpm] 21/3/2018 13:56

This, SIA and OPHR will leave in good stead over the next 12 months.

[chestnuts] 21/3/2018 09:23

The Sp should bounce today and finish off its corrective pattern

[rogerlin] 21/3/2018 08:23

Eni is looking for a rig to drill a well at a gas-condensate prospect in the UK sector of the North Sea for the second half of the year. The Italian company and its partner in the project, Serica Energy, have finished a site survey for the Rowallan prospect and launched a tender for a rig contract.

About time we heard about this rig?

[cielos] 20/3/2018 17:22

Share price behaviour lately

Could we say easy up easy down now, soon should be ready for better things.
Oil price has been moving upwards yet again today

[dunderheed] 20/3/2018 17:13

FB lol I'll be doing that as well matey!! Probably right at the lowest share price forevermore as well!!

[dunderheed] 20/3/2018 17:12

Yes it's interesting to read about time horizons on here and when is the best time to sell etc etc
I'll be honest here I'm selling up to say 400k of these mid year to go towards a hobby of mine regardless of price. I am assuming they will be in excess of 60p though!! I am happy to sell at 60p or more regardless of whether or not it will double in one year after that.
Some people on here not knowing of my reasons for selling may assume shorters or selling prematurely because I've got a 'bit scared' etc when the truth is completely different!
Moral here, we have no idea of reason for recent share price but it could simply be that people want to take profits and move on. It is up to the company to issue updates which encourage others to buy in to sqz and I have every confidence they will do.
Best of luck all and as ever dyor and all imho!!

[fardels bear] 20/3/2018 17:11

Well I've got to sell some too before end of tax year and buy them back afterwards in the ISA.. No doubt tge end of the drop will coincide with a steep rise when I want to rebuy.

[steelwatch] 20/3/2018 17:08

Could be partly year end tax selling

[caters] 20/3/2018 17:02

Okay... no shorters, but just some longs selling.

[fardels bear] 20/3/2018 16:57

Don't let's have the old shorter conversation. It never gets anybody anywhere.

[chestnuts] 20/3/2018 16:56

Well it dropped 1p today like i thought it would it touched the main support line going back to 34p , so hopefully should start to rise from today.

[caters] 20/3/2018 16:49

Is someone shorting this? If so, what do they know that we don't?

[fardels bear] 20/3/2018 16:46

$160m profit they don't have to pay tax on.. And you say only?

[chestnuts] 20/3/2018 16:43

Fardel

The tax allowance will probably only last 2 yrs, was it $160m last count.

[fardels bear] 20/3/2018 16:10

And all those huge tax allowances we have.. Don't forget about those..