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SQZ Serica Energy Plc

186.10
1.50 (0.81%)
Last Updated: 14:58:50
Delayed by 15 minutes
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
  1.50 0.81% 186.10 186.20 186.90 187.00 184.00 187.00 3,421,545 14:58:50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 812.42M 177.8M 0.4578 4.05 719.99M
Serica Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker SQZ. The last closing price for Serica Energy was 184.60p. Over the last year, Serica Energy shares have traded in a share price range of 166.00p to 271.00p.

Serica Energy currently has 388,345,933 shares in issue. The market capitalisation of Serica Energy is £719.99 million. Serica Energy has a price to earnings ratio (PE ratio) of 4.05.

Serica Energy Share Discussion Threads

Showing 22226 to 22247 of 34975 messages
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DateSubjectAuthorDiscuss
22/6/2019
10:42
Is that some sort of ceremony invoked to get your on I ions to flourish?Personally, I reckon you've had too much sherbet...
fardels bear
22/6/2019
07:29
Burning clutch and planting some onbibions. lets just hope that a drone doesn't somehow fly past our platform and it has to be shut down in the interests of national security. Maybe we could put one of those mobile speed camera,s there to protect us . off now just bought a apple orchard
upomega
20/6/2019
16:35
.. However, I've often picked up useful info in conversations over coffee afterwards.
overeager
20/6/2019
16:33
I was well aware of that thanks!
overeager
20/6/2019
16:09
It won't be. Serica don't do surprises at AGM and everything would have to be RNSd prior...
fardels bear
20/6/2019
16:05
I'll look forward to the AGM - could be an interesting one this year.
overeager
20/6/2019
15:29
I thought Shell wanted it, but not at the price BP wanted? Hence my comment that they are playing hard ball and walking away for now in the full knowledge that BP are committed to their share of topside & pipeline mods.

The Shearwater production stake up for sale is 'only' the Shearwater field, I don't think BP have any interest in any existing or future tie backs (the future of the new hub). It's in decline, way off it's peak but would still be useful for the likes of SQZ.



I'm sure BP/SQZ could come up with a clever way to structure a deal, we already know they are good at that ;-)

oilretire
20/6/2019
15:25
But they tried selling it to Shell, but they didn't want it..So maybe SQZ might take it off their hands if they sweetened the pill sufficiently.Short of Andy Austin, I can't think of anybody else who might want it. It's too big for the small players, too small for the majors who are pulling out anyway, so that leaves the hedgies like Chrysoar for whom it may not be a good fit, or big enough.
fardels bear
20/6/2019
15:18
Yes, which maybe of strategic interest to Shell but not necessarily to the likes of SQZ.
oilretire
20/6/2019
14:03
It can only be what BP owns, can't it?
fardels bear
20/6/2019
11:22
Yes, I realised the percentage but if it's just a share of the platform and the ageing main Shearwater reservoir it's not quite straight forward is it? There's also the ownership of the old export infrastructure that all the owners are pulling out of.

e.g. in this article



The British company has contacted potential buyers, the people said. It doesn’t want to pump money into the project, in which it owns about 28 percent, at the same pace as operator Royal Dutch Shell Plc, one of the people said, asking not to be named because the matter is private. Shell in December approved an investment in the Shearwater platforms that would allow it to collect more natural gas from nearby North Sea fields......


So is Shell playing hard ball? As far as I remember BP has no stakes in any of the new tie backs, however BP remains on the hook for 28% of the topside & main infrastructure modification costs. No doubt if they really want out then SQZ/BP could come up with a deal that makes excellent business sense for SQZ to take it on.

oilretire
20/6/2019
11:06
Yes agreed, I've forgotten already :)
(for now)

bountyhunter
20/6/2019
11:01
see post #14043, but let's keep schtum.
steelwatch
20/6/2019
10:22
But then again, maybe not, what's actually up for sale?
oilretire
20/6/2019
10:17
Thanks guys, didn't realise that was out there.

Absolutely an ideal fit for SQZ :-)

oilretire
18/6/2019
16:29
BP.'s stake 27.5% in Shearwater is for sale after negotiations to sell it to Shell failed to reach a successful conclusion.Maybe we get the happy ending, then. ;)
fardels bear
18/6/2019
16:24
They pinched that article from here oilretire
bountyhunter
18/6/2019
16:14
What do you mean Shearwater?

No chance of it being Shells stake. Perhaps anothers stake.

oilretire
18/6/2019
16:04
oooh, I DO hope so!
d220
18/6/2019
15:36
Shearwater.
dcarn
18/6/2019
14:11
Aye up, what's going on with the SP?
simplemilltownboy
18/6/2019
11:40
Hey not forgotten about end of year challenge. Have to wait until I am back in UK to sort it out!!!
reallyrich
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