Serica Energy Share Discussion Threads

[pineapple1] 09/4/2019 14:22

All this talk of huge oversupply of gas and LNG from certain posters on the other thread with various links to the death of pricing power for NG reminds me of the times not so far in the past of firstly Peak Oil ,followed shortly after by tales of a massive oil glut.
In peak oil there were tales of oil running out and oil going to $200 per barrel.
Well we all know what happened shortly after when all the bets were placed by those who believe such stuff. Oil of course tanked.
Then came the so called glut of oil, in fact drowning in the stuff ,with tankers full to the brim circling off shore. Oil per boe going to $10 or lower and companies like BP will be bust. Well we all know what happened after that when all the bets were placed in the wrong direction.
Fast forward today and guess what we've got now. All the stories of huge gas over supply ,Tankers full of LNG steaming across the Atlantic ,gas going to almost zero etc etc.
Do people really think that free articles such have been read and posted recently are produced by altruistic authors who wish to help the poor retail investor get out of harms way.
Being the cynic that i am i generally see the hidden hand of peeps like Goldman Sachs behind such stories , taking the other side of the trade. How nice of them to help out.
People can believe what they want to of course but i don't count myself amongst those who see gas falling to almost nothing due to oversupply.
imho

[captainfatcat] 09/4/2019 11:04

upomega most of us here have been discussing SQZ for the last couple of years and have long since formed our own opinions on the future outlook of the company. Once the next lot of results are out we will have some new info to ponder over and there should be more discussion.

Tick Tock

[upomega] 09/4/2019 10:40

Maybe this is why no new investors have come on board in the past year. Like a number of you I was fortunate enough to have invested in Serica before the original BP deal (Erskine).if you have become board of posting constructive messages why not use the private e-mail facility.. INMO its a bit of shame. Maybe SHARE discussion boards are starting to have their day. III become user unfriendly. However there is still LSE for those that are still interested in share discussions.

Oh before a couple of you become over protected I too have held these for a long time.

[fardels bear] 09/4/2019 10:19

Yaaaaaaawwwwwwwwwwnnnnn

[bountyhunter] 09/4/2019 08:36

We have enough cynics already lol ;)

I must stop posting on the negative thread or at least stick to geraniums there!

Plenty of bed and ISAing likely I agree.

[chestnuts] 09/4/2019 08:32

Fardel

How was the sailing in Morecambe bay you had a beautiful day for sitting in a boat with not much wind.

You are right about gas spiking up

[bountyhunter] 09/4/2019 08:12

Yes absolutely, even if Rowallan had been found to be the biggest gas field in the North Sea it would have had zero effect on gas prices today! It was a wildcat free carry with a low CoS in any case so no big deal.

[fardels bear] 09/4/2019 08:06

Eh? UK gas prices won't have had anything to do with Rowallan. ISTR Rowallan was slated as oil but even so it would have produced such a tiny drop in the ocean of even UK production and that two years down the line minimum. Gas prices spiked on production decline from the Norway export pipeline.

[upomega] 09/4/2019 08:01

does anyone know how to start a new thread without each time logging in viewing the same messages. iii doesn't seem that complicated after all.One opinion though without hijacking your bb is maybe gas prices have been boyed a little by the Rowallan drill being duster.

[chestnuts] 08/4/2019 20:29

Fardel

The weather today reached 18c today and there was no wind, so you probably just fried a bit in your boat, and you probably had to do a bit of rowing because of the lack of wind, its a pity you never arranged a meet up.

[almsivi] 08/4/2019 15:12

Call me a cynic - but I see no rational reason why this is trading below 120p - it's almost static at 119p even with high selling pressure. I think maybe there's a lot of bed & ISA happening - which would be a very welcome sign pointing toward anticipated growth.

[captainfatcat] 08/4/2019 13:46

Brent has been moving up as well now over $71 a barrel

[bountyhunter] 08/4/2019 12:54

No comments on the daily gas spot price, I can only assume it must be up again.

[chestnuts] 08/4/2019 07:50

Dunderheed

The storage is a big issue and it can work the other way if we have a cold winter , but we are not this yr , and from that article lng is playing a big part in keeping gas prices down and come the summer months will force gas prices lower this yr

[dunderheed] 08/4/2019 05:56

Chesty agree totally with what you and GG (less so I think) that the European gas markets are likely to change beyond recognition over the short and medium time scales but in UK to specifically offset that we do have awful gas storage issues which may mean we are not quite as exposed as you imagine, to the gas price soon scenario you are foretelling.
Just another opinion matey.
As ever dyor!

[fardels bear] 07/4/2019 23:00

Blimey. I'm confused now.

[bountyhunter] 07/4/2019 22:39

Oh ok, was getting confused with the Trump Cohen

[chestnuts] 07/4/2019 22:15

Natural gas prices hit minus $3 in the USA

hxxps://oilprice.com/Energy/Gas-Prices/The-Worlds-Cheapest-Natural-Gas.html

[fardels bear] 07/4/2019 22:02

Tess Cohen. Wife of founder of Tesco. Every little helps. No?

[bountyhunter] 07/4/2019 21:30

Lost me there.

[fardels bear] 07/4/2019 21:18

Your name not Cohen, is it?Agree force seven was just gusts on Tuesday.