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
  -5.00p -3.70% 130.00p 130.40p 132.00p 135.00p 129.40p 129.40p 94,326 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 35.9 46.4 22.0 6.0 345

Serica Energy Share Discussion Threads

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DateSubjectAuthorDiscuss
18/4/2019
12:27
ta - good strategy. I'm already retired and on free carry here. All ISAd too 😉
steelwatch
18/4/2019
12:04
well we also do a little trading, I managed to sell enough shares today to get the original balance plus an additional 511 shares into my ISA for zero cost.. not much but that's another load in a tax free wrapper Within the next 2-3 years I will only sell SQZ in order to buy back more cheaper, my intention is to early retire off the back of this share then go and share a glass with TCW as a thank you.
the abbot
18/4/2019
11:54
Inevitable twitchy traders would bank profits just before a long weekend. Meanwhile, long termers just need to grit their teeth and beieve in the funnymentals.
steelwatch
18/4/2019
11:54
thanks cfc, the list just goes on and on, how can anyone "just not get it", if the share price was double what it is today, it would be still be cheap! I absolutely guarantee the market will get it, they got GKP when they were 9p and rose to £4 its just a waiting game for the penny to sink, perhaps the easter weekend news well help that soaking!
the abbot
18/4/2019
11:51
Remember 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 include one month of production from BKR and less than three months from Erskine. Remember too that from 40% in 2018 Serica gets 50% of cash-flow from the BKR fields in 2019, rising to 60% in 2020 and 100% after that. 4) Update re Serica's recently awarded 30(th) Round blocks directly to the south of Rowallan. 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? 14) Cash balance as cash rich / debt free 15) Other accretive deals
bountyhunter
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 up to 30k yearly average [ 2019 Full Year production guidance of 26,000 - 30,700k boepd, updated 27Jun19 ] 2) Lower opex cost reducing from $18/boe [ now $15/boe as announced on 27Jun19 ] 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 [ Cash, cash equivalents and term deposits of US$112.3 million at 31 May 2019 (vs. US$54.9 million at 31 December 18) ] 13) Namibia assets - BP have spent $50 million on 3D seismic in Sericas 4,180 sq kms licensed acreage in the Luderitz Basin Blocks, offshore Namibia, now a hot area again for exploration 14) 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
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