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SQZ Serica Energy Plc

129.80
-1.40 (-1.07%)
20 Dec 2024 - Closed
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 Shares Traded Last Trade
  -1.40 -1.07% 129.80 1,293,325 16:35:09
Bid Price Offer Price High Price Low Price Open Price
130.00 130.60 130.80 127.70 130.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 632.64M USD 102.98M USD 0.2638 4.95 512.24M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:50:08 O 81,721 129.804 GBX

Serica Energy (SQZ) Latest News

Serica Energy (SQZ) Discussions and Chat

Serica Energy Forums and Chat

Date Time Title Posts
20/12/202410:34Serica Energy mobile chart7,409
07/11/202410:30P/e ratio -
09/5/202412:36Serica Energy20,709
14/1/202312:21serica energy854
26/1/202219:58plant pot52

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Serica Energy (SQZ) Most Recent Trades

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Serica Energy (SQZ) Top Chat Posts

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Posted at 22/12/2024 08:20 by Serica Energy Daily Update
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 131.20p.
Serica Energy currently has 390,426,423 shares in issue. The market capitalisation of Serica Energy is £509,506,482.
Serica Energy has a price to earnings ratio (PE ratio) of 4.95.
This morning SQZ shares opened at 130.50p
Posted at 05/12/2024 17:26 by elsa7878
Fandagle - appreciate your expertise. Having direct knowledge of the asset is incredibly helpful. Thank you for sharing your insights.

Just one question. Why were you positive previously then knowing it was a liability?

Fandagle - 05 Dec 2024 - 07:37:45 - 7357 of 7366 Serica Energy mobile chart - SQZ
Triton maintenance is a shambles! It always has been! I was involved with the GE Turbine control upgrade's many years ago & the place was ran like an episode of Faulty Towers ! The compressors are old and require a Retrofit upgrade to reliable dry gas seals! Why are they changing the same unreliable seals running the risk of repeated failures especially during start up! And if it̢۪s a slow roll issue with the Turbine/compressor speed they will trash the spare seals as well, this happens when the seal surfaces are the incorrect grade, basically the seals don̢۪t separate and grind together, then they are Fekd!
Fandagle - 26 Nov 2024 - 07:32:36 - 7326 of 7366 Serica Energy mobile chart - SQZ
The Triton is a liability now, the money invested in this rust bucket over the years is astounding. Taking months to change a Tandem seal is tardy at best, I've been on the Triton and was not impressed at best.
Fandagle - 15 Nov 2024 - 17:18:05 - 7307 of 7366 Serica Energy mobile chart - SQZ
Building up a nice portfolio at these prices, believe me this Government are worse than Truss, it̢۪s only a matter of time before the money folk put them in line or they will toast.
Fandagle - 03 Nov 2024 - 14:59:09 - 7287 of 7366 Serica Energy mobile chart - SQZ
Can̢۪t believe the price here, didn̢۪t think I would ever get this opportunity to invest here at these prices. The screw will turn when they realise Muppetband is a total Buffoon and they reverse the WFT, by that time SQZ will own half of the N/S
Posted at 26/11/2024 07:48 by ashkv
Shunted out Serica Ex-CEO Mitch Flegg should be sued and criminally investigated to determine if there was a side-deal for the TailTrash Acquisition - the lemon of all lemon deals continues with its nightmare RNS factory!!!

18% 2025 Expected yield at a share price of 131p!!!

If new CEO sorts out Operational Issues - SQZ is a steal :)



SP-> 130.40p
SQZ Current Share Price vs 52 Week low of 110.4p on 10 Sep 24-> 18.12%
SQZ Current Share Price vs 52 Week High of 242.4p on 27 Dec 23-> -46.20%
Brent-> $73.20
British Gas Prices (Next Month)-> £118.00
Shares Outstanding-> 390,426,423
GBPUSD-> 1.255
MarketCap GBP-> £509,116,056
MarketCap USD-> $638,940,650
Cash USD (30 Sep 24)-> $258,000,000
Debt (USD) (30 Sep 24)-> $231,000,000
NET CASH (USD) (30 Sep 24)-> $27,000,000
NET CASH % of SP/Market Cap-> 4.23%
Net Cash Component of SQZ Share Price-> 5.51p
Enterprise Value (In USD)-> $611,940,650
2024 Re-Revised Down Mid-Guidance Production [2024 Guidance Down To 37kbpd from 41-44kbpd]-> 37,000
SQZ Average Production Up Till Q3 204 (30 Sep 24) -> 37,800
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel Nov 2024 Re-Revised Down 2024 Guidance Production -> $16,539
EV/Barrel SQZ Average Production Q1-Q3 2024-> $16,189
EV/Barrel Actual Average 2023 Production-> $15,252
Decommissioning Provision (Per HY 24 Results)-> $133,200,000
EV/Barrel Revised Down Mid-Guidance 2024 Production including Decommissioning Provision-> $20,139
(9p+14p) 2024 Full Year Expected Dividend Yield-> 17.64%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 20.58%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $4.37
Tax Losses to offset tax payables (Half Year 2024)-> $1,000,000,000
Posted at 10/9/2024 10:24 by ashkv
Updated with net cash lower as of 4 September 24 given payment of 2023 Final Dividend [As per 10 Sep 24 presentation]

SP-> 111.10p
SQZ Current Share Price vs 52 Week low of 111.1p on 10 Sep 24-> 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -59.00%
Brent-> $71.60
British Gas Prices (Next Month)-> £89.50
Shares Outstanding-> 390,457,635
GBPUSD-> 1.310
MarketCap GBP-> £433,798,432
MarketCap USD-> $568,275,947
Cash USD (4 Sep 24)-> $262,000,000
Debt (USD) (4 Sep 24)-> $231,000,000
NET CASH (USD) (4 Sep 24)-> $31,000,000
NET CASH % of SP/Market Cap-> 5.46%
Net Cash Component of SQZ Share Price-> 6.06p
Enterprise Value (In USD)-> $537,275,947
2024 Revised Down Mid-Guidance Production [2024 Guidance 41-44kbpd]-> 42,500
SQZ Average Production Half Year 2024 (30 June 24) -> 43,700
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel Revised Down 2024 Mid-Guidance Production -> $12,642
EV/Barrel SQZ Half Year 2024-> $12,295
EV/Barrel Actual Average 2023 Production-> $13,391
Decommissioning Provision (Per HY 24 Results)-> $133,200,000
EV/Barrel Revised Down Mid-Guidance 2024 Production including Decommissioning Provision-> $15,776
(9p+14p) 2024 Full Year Expected Dividend Yield-> 20.70%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 24.16%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $3.84
Tax Losses to offset tax payables (Half Year 2024)-> $1,000,000,000
Posted at 10/9/2024 07:16 by ashkv
Finance 101/PE 101 - SQZ with relatively inexpensive financing unless SQZ undertake a deal that has metrics of EV/Flowing Barrel or EV/2p lower than SQZ share price at 150p (unlikely) than it makes sense to take on short term debt to undertake a tender offer.

Will be far more accretive to shareholder value over the longer term!!!

For example dividend yield is 15% FIFTEEN PERCENT at a share price of 150p and expected 2024 dividend 9p+14p

With future such flows being allocated to shareholders who wish to retain ownership in SQZ!!

oilinvestorAl10 Sep '24 - 08:07 - 7011 of 7016

“At this sort of share price even a $150mn Tender Offer at 150p makes sense!!!”

———;-
Erm they don’t have the cash to do a $150m tender offer ! Read the balance sheet. Add to that the ongoing LWI campaign and extensive drilling campaign capex + the H2 weighted tax and dividend payments.

There was a reason why the emphasised that cash out flows were going to be heavier in H2…. To address this question !
Posted at 10/9/2024 07:09 by ashkv
20% dividend yield with a share price of 114p and almost 24% Net Payout Yield (Including Buybacks announced so far)

SP-> 114.00p
SQZ Current Share Price vs 52 Week low of 112.25p on 10 Sep 24-> 1.56%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -57.93%
Brent-> $71.60
British Gas Prices (Next Month)-> £89.50
Shares Outstanding-> 390,457,635
GBPUSD-> 1.310
MarketCap GBP-> £445,121,704
MarketCap USD-> $583,109,432
Cash USD (30 June 24)-> $362,000,000
Debt (USD) (30 Jun 24)-> $231,000,000
NET CASH (USD) (30 Jun 24)-> $131,000,000
NET CASH % of SP/Market Cap-> 22.47%
Net Cash Component of SQZ Share Price-> 25.61p
Enterprise Value (In USD)-> $452,109,432
2024 Revised Down Mid-Guidance Production [2024 Guidance 41-44kbpd]-> 42,500
SQZ Average Production Half Year 2024 (30 June 24) -> 43,700
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel Revised Down 2024 Mid-Guidance Production -> $10,638
EV/Barrel SQZ Half Year 2024-> $10,346
EV/Barrel Actual Average 2023 Production-> $11,269
Decommissioning Provision (Per HY 24 Results)-> $133,200,000
EV/Barrel Revised Down Mid-Guidance 2024 Production including Decommissioning Provision-> $13,772
(9p+14p) 2024 Full Year Expected Dividend Yield-> 20.18%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 23.55%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $3.23
Tax Losses to offset tax payables (Half Year 2024)-> $1,000,000,000
Posted at 10/9/2024 07:07 by ashkv
25% Net Payout Yield for me at present. SQZ overall has been very profitable!! Barring this last tranche that I held onto!!!

Remaining holding down quite a bit in Capital value but much less with the juicy dividend!!!

This is one where the LTHs really missed out if the didn't cash out!!!

From the other board by posted Surprised ->

"Nicely set, excellent div, cash flow, profits ⬆️Today 07:33
'Our confidence in our cash generation outlook, together with our strong balance sheet, gives us capital allocation options. Paramount amongst these will always be supporting material shareholder returns which is why we are announcing today that we are holding the interim dividend flat at 9p per share. In addition, to sustain the longevity of our model, we want to continue reinvesting our cash flows into our UK North Sea assets' We will only be able to make these investments if the fiscal environment allows us to generate a fair return on your capital.

We also have the option to add to our portfolio through acquisitions and that is why we will continue, intensively but prudently, to seek value-accretive M&A, both at home and abroad.

SQZ expectation of generating over half a billion dollars of cash flow after currently committed investments over the coming three years at current commodity prices, after factoring in the expected tax regime

Those tax losses are now coming into play and largely shielding SQZ from labour's WFT, sentiment due to the EPL and Labour's initial plans have crashed the share price recently, HOWEVER, the cash flow generated, the divi and profitabilty of SQZ is at odds to todays share price and should see a steady rise over coming weeks as cash, profits and positivity takeover ⬆️"
Posted at 10/9/2024 06:46 by ashkv
SP-> 112.60p
SQZ Current Share Price vs 52 Week low of 112.6p on 10 Sep 24-> 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -58.45%
Brent-> $71.60
British Gas Prices (Next Month)-> £89.50
Shares Outstanding-> 390,457,635
GBPUSD-> 1.310
MarketCap GBP-> £439,655,297
MarketCap USD-> $575,948,439
Cash USD (30 June 24)-> $362,000,000
Debt (USD) (30 Jun 24)-> $231,000,000
NET CASH (USD) (30 Jun 24)-> $131,000,000
NET CASH % of SP/Market Cap-> 22.75%
Net Cash Component of SQZ Share Price-> 25.61p
Enterprise Value (In USD)-> $444,948,439
2024 Revised Down Mid-Guidance Production [2024 Guidance 41-44kbpd]-> 42,500
SQZ Average Production Half Year 2024 (30 June 24) -> 43,700
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel Revised Down 2024 Mid-Guidance Production -> $10,469
EV/Barrel SQZ Half Year 2024-> $10,182
EV/Barrel Actual Average 2023 Production-> $11,090
Decommissioning Provision (Per HY 24 Results)-> $133,200,000
EV/Barrel Revised Down Mid-Guidance 2024 Production including Decommissioning Provision-> $13,603
(9p+14p) 2024 Full Year Expected Dividend Yield-> 20.43%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 23.84%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $3.18
Tax Losses to offset tax payables (Half Year 2024)-> $1,000,000,000
Posted at 24/7/2024 11:37 by ashkv
New 52Week/Multi-Year Low 128.70p today

Net Payout Yield (Buybacks + Dividend) = 21%

SP-> 128.70p
SQZ Current Share Price vs 52 Week low of 132.2p on 24 July 24-> 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -52.51%
Brent-> $82.00
British Gas Prices (Next Month)-> £75.50
Shares Outstanding-> 390,457,635
GBPUSD-> 1.290
MarketCap GBP-> £502,518,976
MarketCap USD-> $648,249,479
Cash GBP (26 Jun 24)-> £301,600,000
Cash USD (26 Jun 24)-> $389,064,000
Debt (GBP) (26 Jun 24)-> £182,000,000
Debt (USD) (26 Jun 24)-> $234,780,000
NET CASH (USD) (26 Jun 24)-> $154,284,000
NET CASH % of SP/Market Cap-> 23.80%
Net Cash Component of SQZ Share Price-> 30.63p
Enterprise Value (In USD)-> $493,965,479
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> 43,000
SQZ YTD Production [Year to 23 June 2024]-> 43,781
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> $11,488
EV/Barrel SQZ YTD Production [Year to 23 June 2024]-> $11,283
EV/Barrel Actual Average 2023 Production-> $12,312
Decommissioning Provision (Per FY 23 Results)-> $150,323,700
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision-> $14,983
(9p+14p) 2024 Full Year Expected Dividend Yield-> 17.87%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 20.86%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $3.53
Posted at 17/7/2024 17:24 by kenmitch
Hi Brucie.

We agree on the very strong investment case for Serica. It’s SO cheap on a PE ratio of 3 and a huge 17% dividend yield which could well be held. I’ve a full stake as the share price falls look so overdone.

e.g Stiffel say thst 95% of the market cap is generated in free cash flow across 2024-2026 with an assumed oil price of $70 a barrel.

And Investec point out the £121 million cash so they’ve firepower for M&A alongside the free cash flow generation.

Previous Chief Executive Mitch Flegg has gone and the new CE Chris Cox has recently spent £426,000 and then another £170,000 buying Serica shares.

Labour’s destructive North Sea policy looks priced in, and then some.

I also hold Harbour and their share price went up 30% on the Wintershall Dea acquisition.. The same could well happen to the Serica share price with a sensible overseas acquisition IF that becomes necessary. And outside chance that Serica could fall to a bid. Harbour is still cheap too, but PE is now about 7 and dividend 6.5%, compared with that 3PE and 17% dividend for Serica.

So with bad news priced in and anything better ahead not priced in, Serica fits the bill for those of us looking for shares (and Investment Trusts too on too wide discounts and big dividends) at stunning bargain prices and paying big dividends while we wait for potentially very big share price upside.
Posted at 16/7/2024 11:03 by ashkv
52 Week Low Yesterday 15 July 2024 at 132.2p

At 100p SQZ would be trading cheaper on most metrics than shaky ground Kurdistan oilers - GKP / GENEL!!! And net cash would comprise 31% of share price!!!

SP-> 100.00p
SQZ Current Share Price vs 52 Week low of 132.2p on 15 July 24-> -24.36%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -63.10%
Brent-> $83.80
British Gas Prices (Next Month)-> £76.00
Shares Outstanding-> 390,457,635
GBPUSD-> 1.295
MarketCap GBP-> £390,457,635
MarketCap USD-> $505,642,637
Cash GBP (26 Jun 24)-> £301,600,000
Cash USD (26 Jun 24)-> $390,572,000
Debt (GBP) (26 Jun 24)-> £182,000,000
Debt (USD) (26 Jun 24)-> $235,690,000
NET CASH (USD) (26 Jun 24)-> $154,882,000
NET CASH % of SP/Market Cap-> 30.63%
Net Cash Component of SQZ Share Price-> 30.63p
Enterprise Value (In USD)-> $350,760,637
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> 43,000
SQZ YTD Production [Year to 23 June 2024]-> 43,781
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> $8,157
EV/Barrel SQZ YTD Production [Year to 23 June 2024]-> $8,012
EV/Barrel Actual Average 2023 Production-> $8,743
Decommissioning Provision (Per FY 23 Results)-> $150,906,350
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision-> $11,667
(9p+14p) 2024 Full Year Expected Dividend Yield-> 23.00%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 26.84%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $2.51
Serica Energy share price data is direct from the London Stock Exchange

Serica Energy Frequently Asked Questions (FAQ)

What is the current Serica Energy share price?
The current share price of Serica Energy is 129.80p
How many Serica Energy shares are in issue?
Serica Energy has 390,426,423 shares in issue
What is the market cap of Serica Energy?
The market capitalisation of Serica Energy is GBP 512.24M
What is the 1 year trading range for Serica Energy share price?
Serica Energy has traded in the range of 110.40p to 242.40p during the past year
What is the PE ratio of Serica Energy?
The price to earnings ratio of Serica Energy is 4.95
What is the cash to sales ratio of Serica Energy?
The cash to sales ratio of Serica Energy is 0.81
What is the reporting currency for Serica Energy?
Serica Energy reports financial results in USD
What is the latest annual turnover for Serica Energy?
The latest annual turnover of Serica Energy is USD 632.64M
What is the latest annual profit for Serica Energy?
The latest annual profit of Serica Energy is USD 102.98M
What is the registered address of Serica Energy?
The registered address for Serica Energy is 52 GEORGE STREET, LONDON, W1U 7EA
What is the Serica Energy website address?
The website address for Serica Energy is www.serica-energy.com
Which industry sector does Serica Energy operate in?
Serica Energy operates in the CRUDE PETROLEUM & NATURAL GS sector

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