Serica Energy Share Discussion Threads

[upomega] 20/4/2020 20:31

You are sounding like a bunch of spivs. well you certaintly have put me off investing in o and g in the future... personally still here and not after fast cars boats and pubs. You should maybe look into yourselves a little. I have.

[fardels bear] 20/4/2020 17:49

Mine's stuck in a showroom in Derby. :(

[robo175] 20/4/2020 15:51

Yes I love my cars, will be getting something nice when we move back to UK hopefully before year end.

[fardels bear] 20/4/2020 15:44

Hmm. Got to wait 21 months for HMG to divvi up for my dotage. Fortunately I'm quite frugal. Except when it comes to cars.

[robo175] 20/4/2020 15:22

Good luck, at least I can live on my retirement pensions so not affecting me other than we can't walk anywhere here in Spain but so many must be desperate for return to normality, something not right about all this.

[fardels bear] 20/4/2020 14:26

I sold up my entire portfolio middle of March. Quite a bit down from the highs earlier in the year but still way higher than where we are now. No hurry to get back in. I've got to live on the cash.

[sunnysideup1] 20/4/2020 13:02

Share buybacks are not short term. Warren Buffett, no less, is a great advocate of these as it provides a cumulative and ongoing gain to long term holders of the stock.

If you own a share in a great business why would you not want to receive a bigger slice of it?

That is what a buyback essentially does. Those who remain owners in the business end up with a bigger slice of it.

SQZ is not ever going to become a must-have stock for its dividend. Investors are already spoilt for choice if they seek an income stock in the oil sector. The shares will never attract a premium valuation because it pays a dividend.

IMHO, Fossil fuel prices are destined to stay weak for many years. Unless SQZ can make a profit at very low levels I would rather it diversify into something else which is a growth business (maybe in renewable energy?0 and gradually wind down its E&P business and/or mop up all the loose stock that it weighing down the share price.

I own the stock because it is very cheap and tightly managed. But even the likes of TCW cant buck the market. Only the Opec countries can make money if oil prices stay around $25 a barrel ( or fall below it), which is a realistic risk.

It will be interesting to see what they do. They are no mugs. GLTA.

[robo175] 20/4/2020 12:17

Has Fardels sold up?.

[robo175] 20/4/2020 12:16

Cheers guys, I seem to remember these when I first invested in SQZ just after the BKR.

[steelwatch] 20/4/2020 11:53

See slide 7



See slide 9

[captainfatcat] 20/4/2020 11:49

Further if I recall correctly there was some mention in the admission document if base production is not profitable (hedges seperate not included)? royaltys to BP were then not payable and any deficit could be subtracted from future royalty payments or something along those lines.

I can't check at the moment as the document is around 300 pages and I'm using my phone at the mo and hard to read without my glasses.

[robo175] 20/4/2020 11:43

Ah thanks, I tried to find it but could only find 2019, has anyone worked out it's full year results expectation.

[captainfatcat] 20/4/2020 11:37

Both the percentage and amount change figures below from page 9 of the January 2020 corporate update.

Q1 2020 it's 16% of production @ 46.6 p/th
Q2 2020 24% @ 40.8 p/th
Q3 2020 12% @ 37.6 p/th
Q4 2020 11% @ 45.4 p/th

Q1 2021 15% @ 46 p/th

[robo175] 20/4/2020 10:26

Captain

When you say hedging position increases going forward, you just mean as a percentage or is a price already set?.

[nodoe] 18/4/2020 15:40

Farmscan…..if that is true, strip out the cash and it puts Serica on a pe of about 1.5....totally bonkers!!!

[steelwatch] 18/4/2020 12:34

Not me Jim.

[jimarilo] 18/4/2020 12:15

Steel, is that you on the Avacta bb ? "Steelwatch100"

[farmscan] 16/4/2020 11:11

The forecast pre tax profit listed on ShareScope gives £82m and an EPS of 28.27p. I'm not sure how reliable that is. We shall see.

[almsivi] 16/4/2020 11:05

Serica bucking the trend with a 10% lift from the market opening when all others in our peer group are continuing the slide. I suspect the FY19 results have been finalised for publication and a trader somewhere has seen them ahead of time.

From memory I calculated between £60m-70m profit after tax for this year, interested to see how close I am.

[captainfatcat] 16/4/2020 10:40

Re SQZ hedged position.

If I rember correctly the hedge position increases going forwards over the next two years and out to full ownership of BKR.

Cannot remember the amount off the top of my head and on phone so hard to verify but pretty certain that going forwt the hedges are substantially more than the current position.

Sqz well placed to weather the storm imho

[upomega] 16/4/2020 02:22

.bèen in both now for along time now.plan on holding till the end

[chestnuts] 16/4/2020 00:16

upomega

Have you got a link