Serica Energy Share Discussion Threads

[reallyrich] 26/3/2020 13:15

everybody needs water that's a safe one

[steelwatch] 26/3/2020 13:01

Utilities are under pressure:

[farmscan] 26/3/2020 10:28

Duplicate post.

[farmscan] 26/3/2020 10:28

I think Centrica have c£4 billion debt.

[farmscan] 26/3/2020 10:21

I think I'd rather stick to Serica.

[sunnysideup1] 25/3/2020 21:48

Farms and - if that is your bet you would be better to buy Centrica. While domestic demand nay be up, industrial and commercial premises are shut down. Swings & roundabouts .

[steelwatch] 24/3/2020 14:39

From share price Angel's bulletin this morning:

 We recommend investors consider the following sectors for recovery:
 Mining – for the building boom to restart many economies & it’s our core specialisation
 Oil & Gas – economic recovery still needs to be fuelled and powered with oil and gas
 Builders
 Building Materials

[lord gnome] 24/3/2020 13:28

Try telling an oil man that there is no future for oil. It's not in their DNA. They will always look for a deal.

[farmscan] 24/3/2020 12:53

One could argue that as Serica is predominantly gas, with everybody at home at the moment, there will be increased demand for natural gas.

[sunnysideup1] 24/3/2020 12:44

The point I am making is instead of spending money on oil assets they should just return it because the long term future of the oil industry is poor and the oil price may drop to levels that are uneconomic for new developments.

There is a case for just maximisIng returns from existing assets and then shutter the business. TCW can then ride off into the sunset knowing he’s done his job.

[joestalin] 24/3/2020 10:59

Lining up for the next tree shake?

Buying on the dips!

[captainfatcat] 24/3/2020 10:58

Sun shining and a blue share price are both welcome moments in these testing times.

[nicnic1953] 22/3/2020 11:37

I do want to see a dividend paid to shareholders ,..even if modest which would instill confidence in “our company “ ..with our cash balance I feel that we don’t need a merger ..let’s sit on patience ! and see what our bod will pull out of the hat over the summer

[robizm] 22/3/2020 11:27

Save their cash as they may be some unbelievable assets they would be able to buy from administrators if things get really bad. I have not bought many yet but this is one of the few I will buy.

[xxx] 22/3/2020 07:55

Personally, I would welcome a share buy back, if they are confident in the assets we have...the advantage is they know the assets and can scale the buyback..£10m seems reasonable and I hope they set a max price the co. would pay..

[joestalin] 21/3/2020 14:03

"Serica shouldn’t bother paying a dividend next month. They should announce a £50m share buyback. Retire about 20% of the equity."

I like that, but if they find that they do need the money, they would find it hard to re-raise it, right now.

It would be better if they were to buy some BP shares with their cash.

[farmscan] 20/3/2020 18:05

Aaah right, with you now.

[captainfatcat] 20/3/2020 17:07

Farmscan Paul Ellis was chief operating officer at Emerald prior to becoming CEO at SQZ.

Yuri's connection with Emerald and others was via Michael Kroupeev's Waterford finance and investment
Ltd.

[farmscan] 20/3/2020 16:13

cfc. I am aware of the Yuri connection between Emerald & Gulfsands (and I think now Sterling), but don't remember any connection here, can you remind me please?

[sunnysideup1] 20/3/2020 16:12

Serica shouldn’t bother paying a dividend next month. They should announce a £50m share buyback. Retire about 20% of the equity.

Oil and gas markets are hugely oversupplied and it will take years to restore balance. In the meantime fossil fuels have little long term future. So the sector will get squeezed by poor industry conditions and lack of appetite for oil shares from investors. It’s a double blow.

No point company spending money on new projects or acquisitions because the returns will be uncertain, best to develop existing assets for cash and buy back equity. This will boost earnings per share and demonstrate to investors that company can create value even when the odds are stacked against the whole sector.

[captainfatcat] 20/3/2020 11:23

Interesting to see one of the most influential figures in the Russian oil and gas industry forecasting $50 a barrel next year.

hxxp://vestnikkavkaza.net/articles/Yuri-Shafranik-predicts-oil-price-of-50-per-barrel-next-year.html

Fwiw there is a past connection between Yuri and SQZ. Maybe even an input in SQZ Namibia acquisition but that is pure speculation on my part.

[rathean] 20/3/2020 11:00

That's me out, risk off for the weekend imo dyor ofc.

[rathean] 19/3/2020 15:59

Opened a small position at 66.6. Stop loss in place but looking for a near term bounce in oil prices imo dyor ofc.

[steelwatch] 19/3/2020 15:20

Dornan said that lower activity and investment might ultimately lead to lower output from the North Sea basin, but not immediately.

"I think there is enough hooked-up, sanctioned resource right now to maintain production levels at around the current rates in the next year, 12 to 24 months," he said.

Maintenance work, including at the Forties Pipeline System central to crude streams underpinning the Brent benchmark, could be subject to change.

"It's a work in progress, any activities are going to be under review," he said.