Serica Energy Share Discussion Threads

[upomega] 02/4/2019 21:34

There has been alot of postings of late re gas prices. Inmo both negative and possitive posters have a valid point

As a holder we must be realistic in terms of profit going forward.three months ago this was grossly undervalued.inmo at worst its a good solid investment at fare value now.unless of course rowallan comes im

[bountyhunter] 02/4/2019 21:13

Hardly likely to be as warm next winter and probably most of these will die.
That's why winter 2019 forward prices are at >50p rather than 35p.

[chestnuts] 02/4/2019 21:03

Hi Fardel

I see your manners are still as good as ever you must have been head of public relations in where you worked, the price of gas keeps falling and if it breaks 30p its going to 18p but might only get to the low 20s nobody will want gas this summer

And i see Mr and Mrs Hardy have been selling not a good sign and could sell alot more yet , i always wondered how they were going to get out of such a large position normaly positions like theres would be sold to a institution or fund, oh i forgot not 1 fund as invested in Serica it could be the they are divesting out of oil.

And the chart tonite as finished right on the trend line with the wick having broke through not a good sign it could be the results are as not as good as expected


free stock charts from uk.advfn.com

[obmuj] 02/4/2019 18:19

pineapple - more like 600-700k i would say.
Well that [partly?] explains the recent dip.
Hope we can move on up now.

[farmscan] 02/4/2019 17:24

I would imagine there will be a bit of selling to take advantage of CGA.

[bountyhunter] 02/4/2019 17:19

Lol, great minds think alike!

[smokieuk] 02/4/2019 17:17

Probably for booking their summer hols...

[bountyhunter] 02/4/2019 17:17

Probably booking their summer holiday 😉

[pineapple1] 02/4/2019 17:15

Mr and Mrs hardy have reduced by a couple of hundred K.

[rathean] 02/4/2019 12:08

Back in with a nibble at 115 and change. Been tempted a few times but I think this share price represents good value given recent news imo dyor ofc.

[bountyhunter] 02/4/2019 11:09

Agree on that, plenty else out there for SQZ to go for.

[general george] 02/4/2019 11:07

RRE will concentrate on the Marathon asset RTO.

SQZ shud be going for other assets. And for holders benefit, hopefully that is so.

SQZ results will be interesting.

[bountyhunter] 02/4/2019 10:59

Not the same at all, IOG is a distressed indebted non-producing minnow with a market cap of 14.75m, ( and significant debt ), SQZ is a stable significant producer with a market cap of 302m and no debt.

Not that it would be out of the question as RRE could always offer cash and shares but I think they would want to see the Marathon deal completed first since at the moment we don't know how much RRE shares are worth?

[fardels bear] 02/4/2019 10:32

We're not really in the same league as IOG though. Andy is about to inherit the Brea team and become an operator. I doubt he'd want to have to take on all our newly acquired BP. Staff as well. You never know with Andy though.

[farmscan] 02/4/2019 10:31

I don't think there is any comparison between SQZ & IOG.

[upomega] 02/4/2019 10:27

Thanks all for the replies. One worry now is that we will end up a target our selves. As many of you are aware Rockrose went for IOG. So it wouldn't surprise me if they tried their luck with Serica if we end up below a pound.

[farmscan] 02/4/2019 10:26

I would also be interested to learn if they are able to reclaim/adjust the tax deducted by BP et al, at the time the payment was made.

[farmscan] 02/4/2019 10:11

And wont include the recent low gas price!

[farmscan] 02/4/2019 10:10

The results will be a full year of BKR production.

[farmscan] 02/4/2019 10:08

The BKR deal was effective from Jan 1st 2018, so that will be included in the results.

[fardels bear] 02/4/2019 10:06

The acquisitions were dated at January 2018. That's fifteen months now. I expect you might be pleasantly surprised by the production numbers. Rowallan is costing us nothing to drill and I doubt you'll get any news for a while. We are nobody's microcap any longer and day to day happenings at Rowallan are not material to our production or turnover. Nobody can pretend that there's anything in the price for Columbus even. So there's certainly nothing in for Rowallan.

[bountyhunter] 02/4/2019 10:03

Good point in that results could well coincide with a Rowallan update, and you never know re acquisitions as we know they are looking.

[upomega] 02/4/2019 09:51

I may be looking at things wrong, but personally I don't think the results are going to show much as the acquisition only finalised the end of November. We were also given a indication of funds up until that date. I am more interested in the forward looking statement from year end with possibly a positive update on Rowallan. I would be interested in peoples views on this as I may be looking at things wrongly

[general george] 01/4/2019 13:40

Hi CFC.

Yes the quality can be a big issue. A premium is currently paid for the heavier crudes.

Most refineries are geared up for just the light stuff. Could be an increasing problem going forwards.

Good for conventional oilers, bad for frackers.

[bountyhunter] 01/4/2019 13:39

Winter 19 unchanged 50.65p
Q1 20 unchanged @53p