Share Name Share Symbol Market Type Share ISIN Share Description
Serica Energy Plc LSE:SQZ London Ordinary Share GB00B0CY5V57 ORD USD0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 122.00p 117.80p 121.00p 122.00p 122.00p 122.00p 52,636 09:12:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 35.9 46.4 22.0 5.4 323

Serica Energy Share Discussion Threads

Showing 21676 to 21699 of 22575 messages
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DateSubjectAuthorDiscuss
17/4/2019
10:11
Note the big increase in Erskine reserves from 3.6 to 5.7 mmboe
bountyhunter
17/4/2019
10:00
hTTps://www.serica-energy.com/downloads/presentations/2019-AR-for-website.pdf
farmscan
17/4/2019
10:00
yes,agree .Excellent results.
rem108
17/4/2019
09:58
Still owed proceeds in excess of $5m+ once field completion statements agreed as well .
pineapple1
17/4/2019
09:57
Some clues on future direction from the RNS... "We also aim to expand the portfolio at all stages - exploration, appraisal, development and production. Our operating expertise is based around the Central and Northern North Sea and (coupled with tax synergies) this means that the search for new opportunities is currently focused on the UKCS. Serica's growth has been supported by our commitment to identify opportunities based on value rather than volume. We will continue to look for assets (preferably operated rather than non-operated), where Serica can add value when the current operator may be unable to do so."
bountyhunter
17/4/2019
09:38
What a superb set of results. It's now pretty straightforward to work our what 2019 should look like so I expect the city scribblers to start significantly upgrading their targets. In the meantime I'm in for more as it feels like you can by a pound for 50p at the current price.
overeager
17/4/2019
09:27
Cheers Steelwatch, still smiling to myself at the gloating style of it..
the abbot
17/4/2019
09:27
Yes it's all to easy to lose the entire header with a simple syntax error! I usually copy the entire script into the buffer before changing just in case.
bountyhunter
17/4/2019
09:22
Only on mobile atm, will change video in the header later. Too fiddly on a phone.
steelwatch
17/4/2019
09:06
oops apologies to Steelwatch...
the abbot
17/4/2019
09:03
the abbot, steelwatch is the thread creator perhaps he will be able to oblige. Edit ps the current clip of Mitch in the header ADVFN TV presentation link makes me chuckle as to me looks like he is tucking into a sandwich
captainfatcat
17/4/2019
09:01
A nod to a future divi "Our underlying target and focus is to increase shareholder value. We will continually be seeking ways of doing so as our financial position strengthens. This will include the possibility of generating financial returns for shareholders commensurate with our value growth objectives when we feel that the Company has the capacity to do so. I am confident that the Company has the capability and is well on the path to achieving these goals."
captainfatcat
17/4/2019
09:01
CFC you need to get that pic of mitch into the header somehow, never seen such a gloating look on someone, cats got the cream comes to mind.
the abbot
17/4/2019
08:59
"Serica's net cash balances at 31 March 2019 have risen to US$92 million, up from US$55 million at the end of December, and give an indication of the cash generating capability of our assets." Generating around the $12M a month even in a low gas price environment gas price has been in the $55-$34 a therm range!
captainfatcat
17/4/2019
08:56
Yes absolutely, a very important point that BKR production and revenue is only included from 1 December 2018. Taken with the points I mentioned above and looking at the whole of 2019 this year's figures should provide plenty of scope for a further aquisition or a decent dividend.
bountyhunter
17/4/2019
08:54
I had assumed that as the deal was effective from 1st Jan '18 the accounting period would be the same, but it seems the accounting period starts at the completion date of 30th Nov'18?
farmscan
17/4/2019
08:52
new youtube video hTTps://www.youtube.com/watch?v=rh-Y_OJYSzw
the abbot
17/4/2019
08:52
Good point Farmscan, just Dec. included for 2018 re BKR production, so multiply by 12, add in Erskine, then factor in 1-3 below to get some idea of 2019 figures.. 1) BKR production increase planned from around 24k boepd to ~30k yearly average 2) Lower opex cost reducing from current $18/b 3) From 40% to 50% share of BKR due to SQZ in 2019 so that's a 25% increase on 2018. For 2020 that's then a 60% share so a 50% increase on 2018 revenue due to SQZ (more when point 1 is taken into account ...and possibly add in even more if any further aquisition(s) which strikes me as a strong possibility.
bountyhunter
17/4/2019
08:47
wow look at the smile on his face, can hardly compose himself I expect, well done BoD's well done TCW for your determination. hTTps://www.energyvoice.com/oilandgas/north-sea/197226/serica-sees-surge-in-profits-for-2018/
the abbot
17/4/2019
08:42
Thats interesting, the figures are for just one month of BKR. "Although production from the Erskine field was closed for over nine months of last year and production from the BKR fields is only included for the month of December we are reporting strong results for the year. Gross profit for 2018 was up by 31% at US$25.2 million and profit after tax was US$74.7 million, the latter largely influenced by the significant purchase gain that we are required to record on the BKR transactions under IFRS and also by the accelerated utilisation of tax assets."
farmscan
17/4/2019
08:31
Only just had the chance to get on line, not looked at the results yet but by the reaction of the share price and a the few comments here so far I'm already smiling...
captainfatcat
17/4/2019
08:31
Nice reaction to very encouraging figures - the cash flows are just terrific. The outlook specifically refers to "the search for new opportunities", so it may not be long before further news flow.
rivaldo
17/4/2019
08:28
Price is steady now at 125-6 in a fiver on L2.
danny baker
17/4/2019
08:28
will be interesting to see what Jefferies put out as new joint broker to the Company
the abbot
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