Serica Energy Share Discussion Threads

[goldry] 16/5/2018 21:34

Hi All

As I posted previously I did panic when the price went sub 60 and sold out. This board seems to be one of the most active and best informed in my portfolio so I'd welcome any ideas on how to improve my performance. Knowing when to sell is the hardest thing. My average buy price was about 31p and Serica was my 2nd biggest investment in a portfolio of 15 stocks. My largest investment has been about 17% underwater for some time, I didn't sell that when I probably should have and I think that heavily influenced my decision as I wanted to ensure I had some profit. It's not a huge portfolio (just short £100K) but still significant for me. I can't decide if wanting to buy back in is sentiment or sensible. Been trading for just over a year so still a newbie. Any thoughts gratefully received...

[dunderheed] 16/5/2018 18:13

Almvisi totally support that pov, had heard exactly the same from another source who wouldn't stop making a point about that particular issue (amongst others) in a bigger argument, ie they kept on about BP 'generally screwing' other oilers in n sea!!
I didn't really take much notice or care (they've also started the 'same old' about the forties divestment too and nearly creamed themselves when it went down a few days after Ineos took over!) however at least they were right about the bg stuff then, lol!

[almsivi] 16/5/2018 17:25

Can categorically state that BP were the original party who neglected the pipeline from 2006/7 before asset swapping with BG. Pig launcher had been U/S since handover, was never deemed important enough to fix. Both equally to blame imo

[lord gnome] 16/5/2018 16:31

Panic over. The recovery continues. I really feel for anyone spooked into selling their shares cheap. I have absolutely no fears for Serica and see possible Iranian issues as a red herring. Onward and upwards.

[dcarn] 16/5/2018 16:08

No, but i'd bet something i could afford to lose on a very good risk / reward basis.

[sawney] 16/5/2018 12:50

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?

As I understand it, this is nothing to do with the EU per se, but about obtaining a waiver for the use of US companies with well expertise (if needed). Logically, a deal will be done via the UK Government (re 5% of UK gas), but would you bet your house on it...?

[steelwatch] 16/5/2018 12:27

Fuji - Chevron is the Erskine Operator. Chrysaor is now the Lomond operator, also with an interest in Erskine and will be sorting the pipeline issue which BG neglected. Hardly Serica's fault it wasn't sorted previously imo.

[nigelpm] 16/5/2018 11:54

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

ROFL - You've clearly not seen how badly I stuffed up OPHR and SIA then ;-)

[fuji99] 16/5/2018 11:05

Rathean - Yes operational issues are a fact of life but nobody can ignore that these are a huge drain on any company coffers particularly on the small oilers in general.
BP et al. can handle a series of drawbacks because of its cash and credit line powers but not those smaller ones. Meaning that margin for error is limited. If SQZ continues its blockages problems it will soon feel the crunch.
I agree though that the Iran issue is not a threat to SQZ future.

[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.