Serica Energy Share Discussion Threads

[marvelman] 15/5/2019 17:09

A very profound statement FB :-))

[fardels bear] 15/5/2019 17:07

Smells leaky to me.

[captainfatcat] 15/5/2019 17:00

Looks like a lot of buying on the bid, bodes well if the pros are building positions.

[marvelman] 15/5/2019 14:58

This rise over the past 2 sessions appears to have strong legs and not wishful thing to assume our BOD is up to something interesting. Any company with no debt is interesting in todays climate but one with no debt and cash resources becomes a magnet for risk averse investors looking for companies that can also pull a rabbit out of a hat as an encore.

[swindon41] 14/5/2019 17:23

Apologies Lord Gnome: mine was a very palpable hit or so I thought ... funnily enough when you read th descriptions of theater of the absurd:
"A form of drama that emphasizes the absurdity of human existence by employing disjointed, repetitious, and meaningless dialogue, purposeless and confusing situations,......"

A lot like these LSE and ADFVN BB's - not Serica obviously - and AIM investing generally?

[lord gnome] 14/5/2019 16:58

I think Shakespeare wins by a mere 400 years or thereabouts. Close, but there it is.

[bountyhunter] 14/5/2019 16:57

Is he dead as well?

[fardels bear] 14/5/2019 16:56

Rosencrantz and Guildenstern Are Dead, often referred to as just Rosencrantz and Guildenstern, is an absurdist, existential tragicomedy by Tom Stoppard, first staged at the Edinburgh Festival Fringe in 1966.

[bountyhunter] 14/5/2019 16:55

But the nice close to the day may be about something?

+9.7% 128.60

[bountyhunter] 14/5/2019 16:52

"Lie low" Swindon (much ado about nothing ;-)

[lord gnome] 14/5/2019 16:48

Rosenkranz and Guildenstern were childhood friends of Hamlet. Why do you find that absurd, swindon41?

[swindon41] 14/5/2019 16:23

Don't be absurd.....

[lord gnome] 14/5/2019 14:31

Hamlet, dear boy.

[fardels bear] 14/5/2019 14:16

I thought it was Tom Stoppard?

[lord gnome] 14/5/2019 13:56

Shakespeare lives FB 😎

[fardels bear] 14/5/2019 13:30

I thought they were dead...

[captainfatcat] 14/5/2019 13:20

alotto

The Goehring & Rozencwajg Quarterly Natural Resource Market Commentary is always worth a read

[alotto] 14/5/2019 12:59

Genuinely asking, what are your views on the best intentions of more and more countries to go carbon neutral? will that affect the demand for oil and gas and how?

[bountyhunter] 14/5/2019 11:47

I'll post my list of positives again in case any look of particular current significance...

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. Also , 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) of net cash flows resulting from the respective field interests acquired.

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

[d220] 14/5/2019 11:42

Looks more than just a correction to me. Not sure what could be driving the rise other than news brewing?

[lord gnome] 14/5/2019 09:31

I suspect we are just having a technical bounce back after a period of weakness. It got too cheap and that has brought out a few buyers.

[farmscan] 14/5/2019 09:30

it's just me buying ready for my takeover.