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SQZ Serica Energy Plc

152.30
-1.00 (-0.65%)
21 Jun 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
  -1.00 -0.65% 152.30 1,754,209 16:35:10
Bid Price Offer Price High Price Low Price Open Price
152.70 153.60 156.10 151.40 152.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 632.64M USD 102.98M USD 0.2623 5.82 599.51M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:44:36 O 3,385 152.30 GBX

Serica Energy (SQZ) Latest News (1)

Serica Energy (SQZ) Discussions and Chat

Serica Energy Forums and Chat

Date Time Title Posts
21/6/202409:02Serica Energy mobile chart6,533
09/5/202413:36Serica Energy20,709
14/1/202312:21serica energy854
26/1/202219:58plant pot52
30/9/202108:54Serica Energy - History,1

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Serica Energy (SQZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-06-21 15:44:39152.303,3855,155.36O
2024-06-21 15:36:41152.30106,134161,642.08O
2024-06-21 15:35:10152.30481,041732,625.44UT
2024-06-21 15:29:56152.70560855.12AT
2024-06-21 15:29:31153.508431,294.01AT

Serica Energy (SQZ) Top Chat Posts

Top Posts
Posted at 22/6/2024 09:20 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 153.30p.
Serica Energy currently has 392,604,801 shares in issue. The market capitalisation of Serica Energy is £599,507,531.
Serica Energy has a price to earnings ratio (PE ratio) of 5.82.
This morning SQZ shares opened at 152.80p
Posted at 14/6/2024 11:34 by ashkv
Good stuff!!!

Nigel what is your view re SQZ participation in Buchanan? Wait until new budget / or announcement one way or the other prior to the same now that Labour position is broadly outlined in the manifesto?

Perfect timing for a new CEO to start in July 2024!!!

If SQZ share prices remain at such extreme low levels - new CEO can only look good going forward :)
Posted at 14/6/2024 08:51 by ashkv
SQZ Ex-Div in less than 2 weeks - 1st of 2 Annual Dividends for 14p

At today's price of 140p a yield of 10%. Just based on the upcoming dividend and a full year Dividend yield approaching 20%

Assuming share price drops a further 14p from current share price of 140p when SQZ goes ex-div Enterprise Value for Mid-Guidance 43,000 boe/d a day is a paltry US$532 million nearly half of 2023 revenue of US$928 million and less than half of forecast 2024 revenue!!!

Enterprise Value at a share price of 126p for 43,000 Boe/d net cash SQZ is US$532 million - INCREDIBLY LOW CONSIDERING NEGLIGIBLE DECOMMISSIONING COSTS AND TAX ASSETS VIA TAILTRASH DEAL.

SQZ as a whole is now worth nearly 35% less than what it paid for Tailwind. THIS WHEN FLEGG AND SQZ BOARD SHOULD HAVE BEEN COGNIZANT THAT LABOUR WAS FAR AHEAD IN THE POLLS AND THEIR O&G POLICIES WERE ALREADY ANNOUNCED. Bonuses and shares should be clawed back from Flegg, Management and the SQZ Board!!! In a just world MF should be behinds bars!!!

SP-> 126.00p
SQZ Current Share Price vs 52 Week low of 140p on 14 June 24-> -10.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -53.51%
Brent-> $82.50
British Gas Prices (Next Month)-> £83.50
Shares Outstanding-> 393,468,408
GBPUSD-> 1.273
MarketCap GBP-> £495,770,194
MarketCap USD-> $630,867,572
Cash GBP [Including GBP27.5mn of Decom security deposit reimbursed in 2024] per FY 2023 Results-> £291,000,000
Cash USD (31 Dec 23)-> $370,297,500
Debt (GBP) (31 Dec 23)-> £213,000,000
Debt (USD) (31 Dec 23)-> $271,042,500
NET CASH (USD) (31 Dec 23)-> $99,255,000
NET CASH % of SP/Market Cap-> 15.73%
Net Cash Component of SQZ Share Price-> 19.82p
Enterprise Value (In USD)-> $531,612,572
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> 43,000
SQZ YTD Production [1 Jan to/Including 14 Apr 24]-> 45,400
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> $12,363
EV/Barrel SQZ YTD Production [1 Jan to/Including 14 Apr 24]-> $11,710
EV/Barrel Actual Average 2023 Production-> $13,250
Decommissioning Provision (Per FY 23 Results)-> $148,284,425
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision-> $15,812
(9p+14p) 2024 Full Year Expected Dividend Yield-> 18.25%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 20.37%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $3.80
Posted at 13/6/2024 14:48 by ashkv
Deducted the dividend of 14p from prevailing SQZ Share Price (SQZ goes Ex-Div in exactly 2 weeks on 24 June)

SP-> 133.48p
SQZ Current Share Price vs 52 Week low of 147.48p on 13 June 24-> -9.49%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -50.75%
Brent-> $82.75
British Gas Prices (Next Month)-> £86.00
Shares Outstanding-> 393,468,408
GBPUSD-> 1.278
MarketCap GBP-> £525,201,631
MarketCap USD-> $670,945,084
Cash GBP [Including GBP27.5mn of Decom security deposit reimbursed in 2024] per FY 2023 Results-> £291,000,000
Cash USD (31 Dec 23)-> $371,752,500
Debt (GBP) (31 Dec 23)-> £213,000,000
Debt (USD) (31 Dec 23)-> $272,107,500
NET CASH (USD) (31 Dec 23)-> $99,645,000
NET CASH % of SP/Market Cap-> 14.85%
Net Cash Component of SQZ Share Price-> 19.82p
Enterprise Value (In USD)-> $571,300,084
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> 43,000
SQZ YTD Production [1 Jan to/Including 14 Apr 24]-> 45,400
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> $13,286
EV/Barrel SQZ YTD Production [1 Jan to/Including 14 Apr 24]-> $12,584
EV/Barrel Actual Average 2023 Production-> $14,239
Decommissioning Provision (Per FY 23 Results)-> $148,867,075
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision-> $16,748
(9p+14p) 2024 Full Year Expected Dividend Yield-> 17.23%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 19.35%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $4.08
Posted at 13/6/2024 11:16 by ashkv
:( What did Flegg do to SQZ WITH TAILWIND FOLLY - UNFORGIVEABLE!!!

New 52 week low and with both yearly dividends included yield approaching 15.5%

Net Payout Yield which includes Buybacks at 17.45%

Flegg has inflicted a body blow on SQZ with the Tailwind debacle... shares are nearly half of where they were when the acquisition was announced. And nearly 30% below net cash value at that juncture!!!

SP-> 150.00p
SQZ Current Share Price vs 52 Week low of 150p on 13 June 24-> 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -44.65%
Brent-> $82.25
British Gas Prices (Next Month)-> £85.50
Shares Outstanding-> 393,468,408
GBPUSD-> 1.278
MarketCap GBP-> £590,202,612
MarketCap USD-> $753,983,837
Cash GBP [Including GBP27.5mn of Decom security deposit reimbursed in 2024] per FY 2023 Results-> £291,000,000
Cash USD (31 Dec 23)-> $371,752,500
Debt (GBP) (31 Dec 23)-> £213,000,000
Debt (USD) (31 Dec 23)-> $272,107,500
NET CASH (USD) (31 Dec 23)-> $99,645,000
NET CASH % of SP/Market Cap-> 13.22%
Net Cash Component of SQZ Share Price-> 19.82p
Enterprise Value (In USD)-> $654,338,837
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> 43,000
SQZ YTD Production [1 Jan to/Including 14 Apr 24]-> 45,400
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> $15,217
EV/Barrel SQZ YTD Production [1 Jan to/Including 14 Apr 24]-> $14,413
EV/Barrel Actual Average 2023 Production-> $16,309
Decommissioning Provision (Per FY 23 Results)-> $148,867,075
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision-> $18,679
(9p+14p) 2024 Full Year Expected Dividend Yield-> 15.33%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 17.45%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $4.67
Posted at 13/6/2024 08:35 by ashkv
New 52 week low and with both yearly dividends included yield approaching 15.5%

Net Payout Yield which includes Buybacks at 17.45%

Flegg has inflicted a body blow on SQZ with the Tailwind debacle... shares are nearly half of where they were when the acquisition was announced. And nearly 30% below net cash value at that juncture!!!

SP-> 150.00p
SQZ Current Share Price vs 52 Week low of 150p on 13 June 24-> 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -44.65%
Brent-> $82.25
British Gas Prices (Next Month)-> £85.50
Shares Outstanding-> 393,468,408
GBPUSD-> 1.278
MarketCap GBP-> £590,202,612
MarketCap USD-> $753,983,837
Cash GBP [Including GBP27.5mn of Decom security deposit reimbursed in 2024] per FY 2023 Results-> £291,000,000
Cash USD (31 Dec 23)-> $371,752,500
Debt (GBP) (31 Dec 23)-> £213,000,000
Debt (USD) (31 Dec 23)-> $272,107,500
NET CASH (USD) (31 Dec 23)-> $99,645,000
NET CASH % of SP/Market Cap-> 13.22%
Net Cash Component of SQZ Share Price-> 19.82p
Enterprise Value (In USD)-> $654,338,837
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> 43,000
SQZ YTD Production [1 Jan to/Including 14 Apr 24]-> 45,400
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> $15,217
EV/Barrel SQZ YTD Production [1 Jan to/Including 14 Apr 24]-> $14,413
EV/Barrel Actual Average 2023 Production-> $16,309
Decommissioning Provision (Per FY 23 Results)-> $148,867,075
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision-> $18,679
(9p+14p) 2024 Full Year Expected Dividend Yield-> 15.33%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 17.45%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $4.67
Posted at 04/6/2024 08:25 by ashkv
Dire share price - a new 52 week low. Mitch Flegg's poisoned chalice post the debacle Tailwind Deal appears to have inflicted a fatal blow to SQZ's share price!!!

SQZ now worth markedly less than what it paid for Tailwind around a year prior.

Brent in the doldrums but UK Gas prices on an upswing... Dividend Yield now close to 14%!!

:(

SP-> 165.70p
SQZ Current Share Price vs 52 Week low of 165.7p on 4 June 24-> 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -38.86%
Brent-> $77.30
British Gas Prices (Next Month)-> £87.50
Shares Outstanding-> 393,468,408
GBPUSD-> 1.280
MarketCap GBP-> £651,977,152
MarketCap USD-> $834,530,755
Cash GBP [Including GBP27.5mn of Decom security deposit reimbursed in 2024] per FY 2023 Results-> £291,000,000
Cash USD (31 Dec 23)-> $372,480,000
Debt (GBP) (31 Dec 23)-> £213,000,000
Debt (USD) (31 Dec 23)-> $272,640,000
NET CASH (USD) (31 Dec 23)-> $99,840,000
NET CASH % of SP/Market Cap-> 11.96%
Net Cash Component of SQZ Share Price-> 19.82p
Enterprise Value (In USD)-> $734,690,755
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> 43,000
SQZ YTD Production [1 Jan to/Including 14 Apr 24]-> 45,400
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> $17,086
EV/Barrel SQZ YTD Production [1 Jan to/Including 14 Apr 24]-> $16,183
EV/Barrel Actual Average 2023 Production-> $18,312
Decommissioning Provision (Per FY 23 Results)-> $149,158,400
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision-> $20,555
(9p+14p) 2023 Full Year Expected Dividend Yield-> 13.88%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $5.25
Posted at 08/5/2024 11:35 by wallywoo
With such a high dividend (14p around 7% of the share price), it makes sense to buy as many shares as possible before these go XD on the 27th June. A £15m buyback and a average share price of 190p, works out about right at an average 200k shares a day. It's interesting to guess what the share price will be once this goes XD. Lots in investors currently thinking this is a value trap.
Posted at 24/4/2024 15:11 by farmscan
I still can't understand why shareholders who were angry and disappointed by the company's rejection of Kistos' 425p offer, didn't sell up about a month later when the SQZ share price went to 450, it makes no sense to still be moaning about.
Posted at 14/3/2024 17:32 by mrscruff
Investors need to accept the loony tax is forever and move on. All negative sentiment eventually gets factored into a share price and then the share price can move forward as the revenue after tax is still very strong.

We also need to move on from the high priced Tailwind acquisition that is now at today SQZ share price more than factored in!

A better Chief Executive Officer will be announced at any point would help to change sentiment and drive us forward. I can see any new CEO changing the direction of SQZ and the share price react positively.

This combined with the gas price bottoming should change sentiment and I look forward to 2024 where this looks like a recovery play. As investors we need to think 3+ months ahead.
Posted at 02/3/2024 19:24 by stemis
My mistake! I was being overly generous. What you actually did was worse! You have calculated the 111,048,124 shares they were gifted at £2.18 and came up with £242,085k.

No, I gave both alternatives

Cash - £61,636k
Shares - 111,048,124 shares at £2.18 = £242,085k
Nebt debt taken on was, in the end, £247,235k (£264,835k debt, less £17,600k cash)

A total of £551m (or £618m if we use 278p as the share price, which it was in the announcement).

Which is why, all throughout my post I gave two possibilities. One using 218p (which is the share price used in the interim statements) and 278p (which was the share price in the original announcement i.e.

Therefore net cost/mmboe is (551m/55.5 or 618m/55.5) £9.9 or £11.1 depending on which share price you use.
Serica Energy share price data is direct from the London Stock Exchange

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