Serica Energy Share Discussion Threads

[fardels bear] 16/5/2018 10:52

I was looking at that too. I'm glad I left it.

[pineapple1] 16/5/2018 10:45

Nearly bought some myself a few weeks back but i hate buying shares where related party transactions occur. I always feel no good will come of it if directors are inter company lending.
I,ve missed a decent rise as i was looking at 54p
Sold half my RKH at 42p a couple of days ago so a happy camper nonetheless. Will be looking to buy them back when hot money has exited.
imho

[fardels bear] 16/5/2018 10:41

Bobbed into PMG for a bit, see if I can't get a bit of arbitrage...

Odd thing is though, I don't see Nige the Great in there...

[pineapple1] 16/5/2018 09:44

Still hiring..............

[rathean] 16/5/2018 09:31

I disagree Fiji, operational issues are a fact of life for this type of business and they've announced a resolution plan to the blockage. The Iran issue is a non starter for me, the EU are already looking at ways to mitigate against US fines as they did previously when the US went out on its own in the 90s? I forget the exact dates.Imo 80p is fair value while issues are worked through, then on to 120p with calmer waters. I'm the meantime I don't mind us retesting mid-50s again, would present a great buying opportunity.

[fuji99] 16/5/2018 09:29

Steelwatch - Thanks. This is a positive step because each time it happens it is synonymous with loss of confidence in how management tackles risk assessment.

[steelwatch] 16/5/2018 08:42

fuji - the section of pipeline, which has probably buckled, where the blockage, (wax build-up), keeps occurring is being by-passed this summer to provide a permanent solution, together with a more regular pigging program.

[fuji99] 16/5/2018 08:15

This company has two major problems that will plague the SP: The re-occurrence of repetitive blockages and this Iran issue. The first one will be the most serious as it will drain with time, resources and cash. IMO staying around 60p is already a decent performance if one takes into account all the risks associated.

[bountyhunter] 15/5/2018 18:32

No I didn't get that! The place was rather posh for me but the green Thai curry was excellent, washed down with a couple of pints which I feel I earnt walking about 5 miles altogether and including a small amount of 'work' this afternoon before the third part of the walk!
Not much going on here I see.

[dunderheed] 15/5/2018 17:51

Did you get the free bb sausage roll I sent Bounty or, was it too posh a do for that kind of food?

[bountyhunter] 15/5/2018 11:11

should know by post 7777 :)
I'm off for a 3 mile walk now with lunch with colleagues at the half way point so should have an appetite by then, catch up later!

[dunderheed] 15/5/2018 11:05

Oh mate lol. Whilst we wait for (hopefully good) news?!

[bountyhunter] 15/5/2018 10:55

lol, yes I grabbed that one as well before you could get it, next significant no. is 7777 ;-)

[dunderheed] 15/5/2018 10:33

Nice symmetry on your post number bh.

[seangwhite] 14/5/2018 20:53

Fair bit of recovery in the share price since the wild ride last ride of last week. Let's hope for a steady recovery of normal market function.

[fardels bear] 14/5/2018 18:29

He certainly is, Dh.

[nigelpm] 14/5/2018 18:13

I thought the RNS was good - succinct, to the point and completely transparent.

What else did you expect?

[fardels bear] 14/5/2018 17:58

I'm going to be keeping a very close eye on any director buys that may have occurred in the low to mid fifties after that disaster of an RNS of the 9th of May.

[nigelpm] 14/5/2018 16:22

Sadly GG I completely agree.

I don't like seeing PI's get mugged but this is a classic case - I hate to say it.

[general george] 14/5/2018 15:03

This is very well bid currently.

I think a lot of PI's have handed over shares very cheaply indeed.
Some of the big block buying is institutional, I suspect.

We all know the field was producing previously when WORLDWIDE sanctions were in place. I don't expect this to be a problem, apart from being another box to tick.

One would hope this is well in hand for a Q3 completion.

GG

[steelwatch] 14/5/2018 14:11

almsivi may be able to comment, but I don't have anything I can add.

[dunderheed] 14/5/2018 13:17

Ah ok thanks was just wondering the reason? Are you aware of that?

[steelwatch] 14/5/2018 13:02

dh - I noticed the entry a couple of weeks ago, but can't say exactly when.