Serica Energy Share Discussion Threads

[chestnuts] 10/7/2018 11:57

riot

they are your priorties and probably not the companies

[dunderheed] 10/7/2018 11:57

Can we keep all this "religion mumbo jumbo" off the thread please!

[riot2] 10/7/2018 11:55

Hallelujah?.

Not unless the waiver is in the bag!

[fardels bear] 10/7/2018 11:43

Hallelujah.

[riot2] 10/7/2018 11:39

Chesnuts.

That amount wouldnt go very far..
Like I say let's get BKR sorted first.

Any deal after that can use cash in the bank and from BKR cashflow.

It has to be the right deal at the right price.

Priorities.....

1. Complete BKR
2. ERSKINE
3. COLUMBUS/ROWALLAN
4. TCW looking for another asset

[chestnuts] 10/7/2018 10:05

riot/ capt

[captainfatcat] 10/7/2018 09:29

Brent over $79

[riot2] 10/7/2018 07:18

Blimey,

Alot of stupid ideas on this board.

I'm sure they are concentrating on getting BKR sorted, before they start buying up the whole of the North Sea.

You couldn't make it up.....

[fardels bear] 10/7/2018 00:00

He's talking out of his agenda driven ass.And don't forget he has no position here - he's liquidated them all and is short DOW and FTSE.

[fanshaw] 09/7/2018 23:53

chestnut

I'm sorry but I do not understand how you arrived at those figures for
puchasing a larger share of Erskine could you expand in more detail.

[fardels bear] 09/7/2018 23:06

Google Endeavour puts columbus up for sale..

[fardels bear] 09/7/2018 23:04

The other half of Columbus is for sale. It was announced a few weeks ago.

[chestnuts] 09/7/2018 22:05

Fardel

Endevour UK is quite a robust business so they probably dont need to sell, its the bigger brother Endevour itself which is in trouble so buying Endevour Uk maybe on the cards, i havent checked out what Endevour UK hold, i might look into that when i get the time.

[chestnuts] 09/7/2018 21:30

Capt
They have had 2 placings in the last 5 yrs,

Octo 2013

Jan 2015

So sqz do have placings and more than you realize

[fardels bear] 09/7/2018 21:26

And I thought Erskine was gas and condi, not oil.

[chestnuts] 09/7/2018 21:24

fanshaw

Sqz bought Erskin for $12m and 5% of the company and we got 18% of Erskin, and oil was much lower, now if we use the same formula we would pay $33,33m and give 13.5% of the company but oil is much higher.

But we dont have $33.3m but the price would probably be nearer $50m

[fanshaw] 09/7/2018 20:21

Another possible scenario is to to bid for a larger share of Erskine which is
up for sale from Chevron.

[dunderheed] 09/7/2018 20:04

Bloody soon I hope but, all likely to be in September or 'possibly' very slightly later for bkr? All imho and dyor!!

[captainfatcat] 09/7/2018 19:59

Going by SQZ's past record placings have been as rare as hens teeth and that's no mean feet for a small company. Probably some sort of deal or asset swap etc would be more likely.

Wonder when we will here something on Rowallan?

[fardels bear] 09/7/2018 19:46

Got some cans lined up for you too, if you're not careful. :D

[pineapple1] 09/7/2018 19:43

With all the shares in NS fields detailed recently due to enter the auction process then SQZ may, if particularly interested in any number of them , not complete the BKR deal in time to use the cash flow it would generate.
In any case its doubtful Total ,Chevron etc would agree to a BKR type deal ,but require cash on the nose for their interests.
So a large scale placing as Nuts suggests is not out of the question. Hopefully it would be an open offer to existing holders ,but the company may not want all the aggravation of dealing with PI's reluctent to part with their cash.
I'd be more than happy to pony up some cash if the placing price began with a 4.
It would be a temp thing in any case as it would be earnings enhancing ,not to pay down a pile of bank loans and i'd expect the share price to rebound to higher prices withing the first week of trading. A bit of pain for long term mega gain.
imho

[fardels bear] 09/7/2018 19:24

If you look at Bountyhunter post 7924 there is a suggestion by TCW that further acquisitions may be sought as the BKR deal nears completion. I take this to mean that they intend to use BKR profits as well as those generated by Erskine to finance this but of course a certain party who is out at present can't see past the sweetshop window and suggests a placing to pay for it.Can I suggest you concentrate on your cans and change the record?

[nicnic1953] 09/7/2018 18:59

Chestnuts u have a good point I still feel that by year end we will make another acuistion we have money to burn or at least shortly ....lets see

[chestnuts] 09/7/2018 18:06

For those of you who think sqz are going to buy another assett should ask your selves where will they get the money from deals like BKR and erskin took along time to negeotiate so buying some thing off Chevron or Total will have to pay up front , and if this is going to happen they will have to have a placing and the share price wont start with a 5 or 6 , and i think they will buy something , steel watch posted a link to the anouncment and they voted on it at the agm and i think it was for 50% more shares.
So becareful what you wish for