Serica Energy Share Discussion Threads

[reallyrich] 05/3/2019 20:06

the options are for all staff not just Bod.

thats good

[bountyhunter] 05/3/2019 19:09

Thought I'd missed something important there :) but noticed that one earlier. I speed read it so may have missed something but didn't notice an exercise price on those new 3 year options? Fairly generous allocations but I guess they deserve it given the transformation of this company and dramatic increase achieved to shareholder value. Also should keep the BoD highly motivated over the next 3 years.

[captainfatcat] 05/3/2019 18:56

After hours rns

[bountyhunter] 05/3/2019 17:12

FB, I'd rather see the IOG assets in the hands of RRE given the choice.

[manicat] 05/3/2019 16:46

a bid for iog would make sence unless the management have bigger fish to fry with bp

[fardels bear] 05/3/2019 16:20

Bit of a cleft stuck since you both hold IOG and RRE.

[bountyhunter] 05/3/2019 15:36

Yes I agree Dh and with max 25p

[dunderheed] 05/3/2019 14:24

Bounty off to gym now but 20p very fair imho (unless they are very close to farm down) comes in at about (fulky diluted plus debt from memory) 100mm GBP which is all I'd really like see to pay or max. 25p?

[dunderheed] 05/3/2019 14:24

Bounty off to gym now but 20p very fair imho (unless they are very close to farm down) comes in at about (fulky diluted plus debt from memory) 100mm GBP which is all I'd really like see to pay or max. 25p?

[bountyhunter] 05/3/2019 14:06

RRE offering 20p/shr for IOG (turned down), now we just need a competing offer from SQZ :0)

[fanshaw] 05/3/2019 13:29

Has Chris Grayling been Appointed onto the Board of Directors.

[lord gnome] 04/3/2019 20:06

Final results were out on 10th April last year, SMTB, so I guess we have around a month to wait.

[simplemilltownboy] 04/3/2019 17:58

Does anyone know when the next update is due?

[captainfatcat] 04/3/2019 17:00

I am curious to hear what SQZ's cash position will be hopefully in the next update.

[j4s the ace] 04/3/2019 16:28

Thanks FB, I already have a big holding (for me), looking at where to put the Mrs ISA allowance and I think this is probably a good bet. It appears the dip is a good buying opportunity when it levels out. Would be great to have a maiden divi

[fardels bear] 04/3/2019 16:23

It's the money that's split, not the production. Average 2018 BKR prod was 24k boepd. Last three months were over 30000 boepd once the Forties closure was finished and annual maintenance completed..Mitch is clearly hoping for 30-35,000 boepd pre SQZ improvements and E3 intervention.Then there's 3500boepd fore Erskine on top of that.I'd say it's undervalued but the market is clearly waiting for some production and financial results to be published before we get another leg up.

[simplemilltownboy] 04/3/2019 16:13

Just been looking at the recent presentation, if my calculations are correct (big if), for 2019 we should be looking at approx. 3k Boed(Erskine) + 37.5k boed (BKR).
if BKR is running at 30k per day net production after deal completion, then 2019 at 50% of BKR asset production should be (30k/40% multiplied by 50) = 37.5k + 3k Erskine, this give a total 40k BOED for 2019. as my title suggest I'm a simple mill town boy! so does the logic follow if so this is massively underpriced. if not where do people expect the BOED for 2019 to be?

[fardels bear] 03/3/2019 21:41

What's the point of that?

[pineapple1] 03/3/2019 19:00

even ex founder of GreenPeace says fossil fuels are likely to be around for a few hundred years more. Not what the green brigade want to hear

[dunderheed] 03/3/2019 16:30

Agree pineapple but there certainly are investors pulling out of o&g.
One that comes to mind us the Norwegian sovereign fund I believe?
It will be a considerably drawn out and slow process or transition though, over decades rather than years I'd have thought because under jnvestmentcwill simply raise oil price and hence returns?

[pineapple1] 03/3/2019 16:18

Some funds won't invest in weapons manufacture ,some in cigarettes etc etc.on ethical grounds
If real big money was leaving the sector then BP would be trading at £2.50 as after all there would be limited institutional money to take up the slack .
The only money leaving the sector are those who base some of their investment decisions and strategy on climate change concerns or pressure from from fanatical green investors.
I read a report from BP some time ago that forecast oil demand will not actually peak for about another 8yrs (from memory) and in no way does it decline substantially from those highs over a short period of time.
The electric car revolution like all government initiatives is a disaster in the making.
They are going to need a lot more nuclear to meet the demand if it materialises and apparently it takes each one somewhere in the region of 10 yrs from planning, construction through to commission.
They are way behind the curve.
imho

[chestnuts] 03/3/2019 13:03

really

Only time will tell