Serica Energy Share Discussion Threads

[dunderheed] 29/3/2018 10:33

To tell you the truth mate its pretty immaterial as I'm going to have to sell about 3 to 400 k soonish for a semi retirement hobby which I'm really excited about!!

[fardels bear] 29/3/2018 10:30

You're not the only one though, Dh. Should make 'em cheaper to buy back though.. As long as you get up early on 6th April...

[nigelpm] 29/3/2018 08:56

How many are you looking to buy, because if you look at the trades its very thin at the moment and the volume is getting lighter and lighter, so if you are waiting for the bottom there could be no shares to buy , if that makes sence

It doesn't make sense.

There will always be shares to buy.

[lord gnome] 29/3/2018 08:42

Shares dropping on thin volume is just a buying opportunity. No buyers about and there won't be until we get positive news on production or some other catalyst. The price drop is down to a few bored / impatient / hard up sellers with no buyers about. Sub 60p I may think about a few more, but I have plenty already.

[chestnuts] 29/3/2018 08:32

ross

How many are you looking to buy, because if you look at the trades its very thin at the moment and the volume is getting lighter and lighter, so if you are waiting for the bottom there could be no shares to buy , if that makes sence

[fardels bear] 29/3/2018 00:03

You shouldn't have sold at 57p.

[fardels bear] 28/3/2018 23:54

You may be. I'm not.

[chestnuts] 28/3/2018 22:44

Oil should move back above $70 after last weeks drawdown was down to this

hxxps://oilprice.com/Latest-Energy-News/World-News/Washington-Sells-7-Million-Barrels-Of-SPR-Crude.htmlhxxps://oilprice.com/Latest-Energy-News/World-News/Washington-Sells-7-Million-Barrels-Of-SPR-Crude.htmlhxxps://oilprice.com/Latest-Energy-News/World-News/Washington-Sells-7-Million-Barrels-Of-SPR-Crude.html

[dunderheed] 28/3/2018 21:35

After all that melodrama my post isn't quite as hard hitting.....
Reserved for pram.

[underdog1] 28/3/2018 21:31

Correct. The plain sailing seen in the stock market over the last few years is a distant memory. All of this volatility means that money can made (and lost) more quickly. I for one am happy to wait.

[smokieuk] 28/3/2018 19:13

It's probably true. I'd say they are better informed than us mere mortals and I expect they see other, more immediate, opportunities out there rather than tying up their cash for an indeterminate period, however good this one may be.

[nigelpm] 28/3/2018 15:35

but there are some institutions that cannot/ will not buy this until the BP deal completes in Q3, but therein lies the opportunity for the rest of us who are not bound by committees and rule books!

What's the evidence for this out of interest?

[mesquida] 28/3/2018 15:19

Believe it or not, fanshaw, but there are some institutions that cannot/ will not buy this until the BP deal completes in Q3, but therein lies the opportunity for the rest of us who are not bound by committees and rule books!

[fardels bear] 28/3/2018 11:53

Most will be achieved in the next 2 years IMHO.

[fanshaw] 28/3/2018 11:46

General George

I Agree with you regarding longer term prospects next 4-5 years but what
I don't understand is why U.K smaller company,Unit Trusts and Investor
Instituions are not buying by the Barrel Load, is there a reason.!

[general george] 28/3/2018 08:27

Fanshaw,

I don't know why you are worried. I don't care if the price drops,
Interest seems to have dropped off.

If one buys now, you are basically getting a fantastic opportunity.

A company producing 7500 bopd (BKR only - net to SQZ), this will increase over the next 4 years. The FCF is superb, cash cow doesn't quite do it justice.

All the other assets and tax break are in for free.

It is an utter steal at these prices.

Where do you think the share price will be in a years time.

All I can say is I think investors get impatient,
but in the long run patience pays.

I will have another top up shortly.

[fanshaw] 27/3/2018 20:22

FTSE 100 UP 111.45

Serica - 0.20

Says it all

[fardels bear] 27/3/2018 20:13

See the Yanks are up to their usual stock market tricks again

[captainfatcat] 27/3/2018 18:38

I wonder how much of a factor the Forties Pipeline being shut down over the holiday period played in the wax build up perhaps the wax build up was expediential to static oil in the pipe. Perhaps a section is not buried or poorly insulated.

Hopefully some clarity will be shed on the problem on the 10th of April during the conference call. Fingers crossed the blockage we will be cleared and production online by then as well.

[dunderheed] 27/3/2018 18:01

Actually guys from my 'high level' viewpoint (ahem!) I thought all of the above were correct remedies of possible waxing but I also thought (probably incorrectly) the 'quality' of condensate and quantity included (hence chemical make up) within Columbus product was actually a major inhibitor of the wax deposits and this was specific to Columbus product hence, would have increased negotiation position as it would help to 'clean' as opposed to add to the waxing problems.
Or did I just dream all that up lol!
I am prepared to be shot down!