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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
  -5.00p -3.68% 131.00p 130.40p 132.60p 137.00p 128.80p 136.60p 194,064 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 35.9 46.4 22.0 6.0 347.00

Serica Energy Share Discussion Threads

Showing 21801 to 21824 of 22350 messages
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DateSubjectAuthorDiscuss
19/4/2019
11:16
Why indeed. Why do you think?
fardels bear
19/4/2019
10:56
Decommissioning is 10 years plus in the future why GG you keep going on about it?
reallyrich
19/4/2019
10:33
Farmscan, thanks for the correction, I've corrected that post now and will also correct in the list which I maintain on my mobile thread... From 40% in 2018 Serica gets 50% of cash-flow from the BKR fields in 2019, rising to 60% in 2020 and 2021 and 100% after that.
bountyhunter
19/4/2019
09:57
These are the bits you want GG: Determining the fair value of contingent consideration on BKR acquisitions The Group determines the fair value of contingent consideration payable based on discounted cash flows at the time of the acquisition calculated for each separate component of the contingent consideration. The same models and assumptions are used in the calculation of the fair value of property, plant and equipment arising on the business combination. Any cash flows specific to the contingent consideration also reflect applicable commercial terms and risks (see note 22). Decommissioning provision Amounts used in recording a provision for decommissioning are estimates based on current legal and constructive requirements and current technology and price levels for the removal of facilities and plugging and abandoning of wells. Due to changes in relation to these items, the future actual cash outflows in relation to decommissioning are likely to differ in practice. To reflect the effects due to changes in legislation, requirements and technology and price levels, the carrying amounts of decommissioning provisions are reviewed on a regular basis. The effects of changes in estimates do not give rise to prior year adjustments and are dealt with prospectively. While the Group uses its best estimates and judgement, actual results could differ from these estimates (see note 23). contingent consideration of $209m and decommissioning $29m
nigelpm
19/4/2019
09:50
Bounty it's 2 years at 40%, so 2021 is the final year to BP et al.
farmscan
19/4/2019
09:36
Re revenue going to BP for the next few years... From 40% in 2018 Serica gets 50% of cash-flow from the BKR fields in 2019, rising to 60% in 2020 and 2021 and 100% after that (edited). On decom SQZ will pay 15% after taking into account HMRC's 50% contribution to the 30% liability.
bountyhunter
19/4/2019
08:52
Good results. One comment that needs clarifying is the 2p number of 68mmboe. Alot of that revenue from that for the next few years goes to BP. So to value Sqz on 2p in the ground iant really accurate is it? Any comment on the $29m on the balance sheet fir decom keith and bruce (marabuni share). Some can work out total est. decom cost (less Rhum). And work out 30% Be interested in answers. Abbot, sounds up ur street. Well done holders GG
general george
18/4/2019
23:18
a decent rise on results overall, quite happy with that
bountyhunter
18/4/2019
21:45
but note the 4 X 38700 shares purchased after the close.
the abbot
18/4/2019
16:45
Yes, Happy Easter everyone. Down a bit (to be expected?), but still not a bad end to the week.
farmscan
18/4/2019
16:13
Yes Happy Easter to you and all.
the abbot
18/4/2019
12:51
Happy Easter all.
steelwatch
18/4/2019
12:36
nigelpm - "some" times. "most" times, not. i.e.overall - down.
obmuj
18/4/2019
12:28
Bought back a few I sold. Easy game sometimes.
nigelpm
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 ~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
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