Serica Energy Share Discussion Threads

[neo26] 10/5/2018 10:07

Didnt the eu countries say they will abide by iranian treaty.We shouldnt let the americans bully us.

[dunderheed] 10/5/2018 10:05

Oh right yes, he's a bloody f'er isn't he lol!!

[sawney] 10/5/2018 09:58

I didn't infer any delays in the issuance of treasury licence in that article?

Sorry...what I should have said was Trump's decision might cause delays...

[dunderheed] 10/5/2018 09:51

Oh Sawney I didn't infer any delays in the issuance of treasury licence in that article?
Interesting different people take different pov's (!).
I'm told often I am a doomsee'er but I drew positivity from that article LOL!
Best of luck all!

[sawney] 10/5/2018 09:46

I think the deal will be done ....eventually...but as far as the Market is concerned,that article has plenty of uncertainty in it. What I think it does do, is invite delays. In my opinion, pretty sure all parties will ease off until they have that waiver....renewal in Sept...????... Don't think OGA/BP/SQZ/IOC will chance it without full availability of US expertise....on a HPHT field...think Macondo

[pineapple1] 10/5/2018 09:38

Refusal to issue a waiver does not hurt the IOC further. In fact its a propaganda victory for Tehran as it shows how the US sanctions are in effect striking out against the security of other nations and we all know how sensitive the UK is to rising winter fuel bills. Its a political hot potato...
The issue of a waiver is a slam dunk as far as i,m concerned. Hope i'm right......lol
Why did SQZ reduce reliance on US personnel and equipment if they did not expect this day to arrive. They knew it was coming as did BP who with US assetts ,personnel and offices have to be very careful indeed to not violate
imho.

[fardels bear] 10/5/2018 09:30

At present oil and future likely gas prices I think that current prices are more than underpinned by Erskine and Columbus. Plus we have Rowallan, with a bit of good luck (luck that we haven't been having of late).

[dunderheed] 10/5/2018 09:08

hxxps://www.energyvoice.com/oilandgas/north-sea/171024/sericas-north-sea-deal-with-bp-will-survive-trumps-iran-sanctions-move-analyst-says/

I know the above link has probably already been posted but I think a more balanced viewpoint as to expectations regarding what could happen with this deal?

[rathean] 10/5/2018 09:01

Agreed pineapple the political fallout of the US hitting it's primary partners fuel supplies would be unthinkable. This is the Trump trading tactic on every deal he's ever done, he'll soon be playing Monopoly over cherry dulips with the North Korea rulers, who is to say he won't be doing the same with the ayatollahs by the summer :)

[0rient] 10/5/2018 08:59

I’ve been buying back this morning the ones I sold at 83p..Markets giving us an opportunity again..lovely :-))

[pineapple1] 10/5/2018 08:45

I also fail to see why the US would not issue a waiver for a field which is after all in UK terratorial waters and operated by a UK company. Its not as if a waiver was not in force previously.
How could the US justify refusing it especially as no money hits IOC bank accounts or recieve other financial benefits. There would be a national outrage ,particularly if it became commonly known how crucial it is to UK domestic gas supply.
Absolute storm in a tea cup .
imho

[rogerlin] 10/5/2018 08:42

Here's the full text.

[rogerlin] 10/5/2018 08:40

A potential move of Blackford Dolphin and Safe Caledonia towards the end of the week can tie up most of the AHTS availability, "it's said in an update from the ship broker.

[lord gnome] 10/5/2018 08:36

I bet this morning's dive has cleared out all the stops set at 60p. This is so overdone, but typical of the market to make money out of fear and volatility.
This is 5% of our national gas supply. The government will move hell and high water to protect it and I just can't see Trump ever letting us suffer. The sanctions haven't even started yet. I can't see the Iranians selling their share to us - pity but there it is.

[dunderheed] 10/5/2018 08:34

Spandy I agree however if deal were changed so that the 'licence' is no longer part of the deal this 'concession' could mean lower consideration to be paid to BP?
Only a suggestion?
Best of luck all.

[pineapple1] 10/5/2018 08:29

Lets hope we are not whistling past the graveyard.......lol

[rathean] 10/5/2018 08:28

Catching a falling knife always fun, I will buy in again at 55p if we get there. Definitely over reaction and I expect a bounce, but there are substantial risks here particularly with Israel and Iran skirmishing last night.

[rollthedice] 10/5/2018 08:24

If the BP deal is up in the air because of the Iranian involvement it could go two ways ~ either SQZ gets it dirt cheap from BP desperate to offload or share price falls to pre-deal levels (c35p). I don't see any burning reason to purchase until that becomes clearer. All IMHO of course.

[dunderheed] 10/5/2018 08:16

Yes I'm waiting and watching.
I think there may be a little panic setting in here but all IMHO and DYOR the logic would be this will simply be run with all revenues going into escrow?
This facility will be providing in excess of 5% gas for UK after r3.
That is quite a bit and enough to discussed politically considering the vicarious relationship with Iran oil production where there is certainly an ability to circumvent usd sanctions.

[rathean] 10/5/2018 08:12

Just doubled up at 65, incredible value to be had at this price imo.