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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
  +0.60p +0.46% 131.60p 130.40p 134.00p 131.60p 131.60p 131.60p 16 08:28:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 35.9 46.4 22.0 6.0 349.00

Serica Energy Share Discussion Threads

Showing 21776 to 21796 of 22350 messages
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DateSubjectAuthorDiscuss
18/4/2019
11:51
I need to do some more work on this list (maintained on the mobile thread so I can easily find it) but have made a few updates for now...
bountyhunter
18/4/2019
11:49
the abbot SQZ also were able to book an additional $468.3M SQZ for the BKR infrastructure Property, plant and equipment which increased from SQZ's prior figure of US$7.6 million to US$475.9 million during 2018. In addition to the reclassification of US$54.3 million re Columbus.
captainfatcat
18/4/2019
11:49
It's not all about the summer spot gas price as the gas price varies and there is a floor, there are many other factors to consider such as: 1) BKR production increase planned from around 24k boepd to ~30k yearly average 2) Lower opex cost reducing from $18/b 3) 2018 results only included one month of production from BKR and less than three months from Erskine 4) Serica will pay contingent cash consideration to BP, Total E&P and BHP calculated as a percentage (60% in 2018, 50% in 2019 and 40% in each of 2020 and 2021, nothing after that) of net cash flows resulting from the respective field interests acquired 5) Columbus development 2020 production 2021 6) R3 intervention should increase Rhum production significantly 7) BKR hub has capacity to handle increased production including from any nearby fields which may be developed by other companies which could increase revenues - BP did not pursue this opportunity for political reasons 8) Looking to extend life of BKR fields and so push back decommissioning as SQZ has lower overheads and is more focused on BKR than BP 9) Decommissioning costs - SQZ will pay 15% after taking into account HMRC's 50% contribution to the initial 30% liability 10) Erskine production restored, 3.2m barrels of oil originally forecast to be produced but 3m produced to date with new CPR indicating another 3m barrels still to be produced 11) Erskine still producing ~3.5k bopd 12) Cash balance accumulating - cash rich / debt free 13) Further accretive deals
bountyhunter
18/4/2019
11:45
from the ii article: "These results only include one month of production from BKR and less than three months from Erskine. Remember too that Serica gets 50% of cash-flow from the BKR fields in 2019, rising to 60% in 2020 and 100% after that."
bountyhunter
18/4/2019
11:37
So the funniest post I have read in such a long time from Nigelpm just had to get me to respond - he says "more I look at the numbers the less I get it." So I will help - Serica have a MktCap of approx £313M and based on yesterdays figures they hold $92 million in cash, are increasing net cash flow by about $37 million a quarter, so end of year net cash available to equal approx $200 million against a MktCap of circa £313 million. Not to mention the net 2P reserves of 68 million boe which for your interest is worth on todays market around $10 a barrel in the ground at 2P or $680 million (Ineos and others bidding are $10/ barrel for allChev Europe 2p resources CHEVRON SELLING to FUND MEGA DEAL OF Anadarko) so we have $200 million at year end, a net cash build of about $150 million a year assets of $680 million based on 2p, a number of high profile assets for reserves not booked, $50 million of 3D namibian seismic and potential for another free carry well on multi million barrel fields and yet you have not figured enough yet to "get it"
the abbot
18/4/2019
11:31
Perhaps we don't think 20k is a hefty sell..
fardels bear
18/4/2019
11:31
nigel, out of interest, what in the "numbers" didn't make sense?
farmscan
18/4/2019
11:28
Coverage here might bring in some more attention: Https://www.ii.co.uk/analysis-commentary/serica-energy-catalyst-18-surge-ii508101
rivaldo
18/4/2019
10:58
Very much a glass half empty guy, methinks.
fardels bear
18/4/2019
10:51
no surprises there then
bountyhunter
18/4/2019
10:17
fall today making more sense - was a huge move yesterday - more I look at the numbers the less I get it.
nigelpm
18/4/2019
09:43
seems like Namibia is a plaything going on in the background. With Advisors now looking for a farm in partner, Serica could end up with a free drill with quite large oil targets
squibno1
18/4/2019
09:17
Same here you've got to give the chap a chance and he hasn't commented in line with his free bb "reputation" (rightly or wrongly) however unfortunately probably has a lot of people who may not even post on here adding ticks etc. Now then wtf is happening to this damn share price - I expected it to go up to £2 today!!
dunderheed
18/4/2019
09:12
actually not by me either although I don't agree with Nigel's views most of the time
bountyhunter
18/4/2019
09:10
Seven votes up now, Nigel..It's called democracy..I've not voted it up, yet.
fardels bear
18/4/2019
08:16
anyone else having trouble with advfn charts today on their phone?
bountyhunter
18/4/2019
07:54
bottom line here is hedges are in place, at a place where Serica is still profitable so no matter what we are debt free and still making money.
the abbot
18/4/2019
07:53
https://www.investorschronicle.co.uk/shares/2019/04/17/news-tips-telecom-plus-gb-group-bhp-more/ How much cash is Serica Energy (SQZ) generating, now that its BKR acquisition in the North Sea is complete? There’s not too much to glean from full-year results, which only reflected one month of post-completion income, though a $36.9m increase in cash balances in the first three months of 2019 hints at the current profitability of net daily production of more than 30,000 barrels of oil equivalent...... https://www.thisismoney.co.uk/money/markets/article-6933771/MARKET-REPORT-Car-dealer-Pendragon-slams-reverse-losses-mount.html
sawney
18/4/2019
07:50
relevant but overplayed to the exclusion of many other important factors and should be viewed over the whole year when calculating annual revenues taking seasonality into account
bountyhunter
18/4/2019
06:50
That's a fair point bounty although fall in gas price was relevant. I'd be more than happy if it continues to rise but taken some off the table on a slight surprising but very welcome move up.
nigelpm
18/4/2019
06:30
Bonjour tout. Great results and share price reaction. Congrats to mgt and long term holders! Has ST of the IC provided his comments as normally a lot of people follow him? Best of luck all.
dunderheed
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