Serica Energy Share Price (SQZ)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Serica Energy	LSE:SQZ	London	Ordinary Share	GB00B0CY5V57	ORD USD0.10

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	+0.60p	+1.00%	60.60p	630,542	10:46:57
Bid Price		Offer Price	High Price	Low Price	Open Price
60.20p		60.60p	62.20p	60.00p	60.20p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	23.7	8.0	4.4	13.3	159.83

Related Shares
Shell A (RDSA), BP (BP.), Nighthawk Energy (HAWK), Magnolia Pet (MAGP)

Serica Energy (SQZ) Latest News

Serica Energy News

Date	Time	Source	Headline
04/6/2018	16:54	UKREG	Serica Energy plc Annual Report and Notice of AGM
31/5/2018	17:04	UKREG	Serica Energy plc Total Voting Rights
25/5/2018	07:01	UKREG	Serica Energy plc Award of Options
24/5/2018	11:48	ALNC	Parkmead, Serica, United Oil & Gas And Faroe Awarded UKCS Licences
24/5/2018	08:07	ALNCF	Alliance News Flash Headline
24/5/2018	07:01	UKREG	Serica Energy plc Offshore licence awards in UK 30th Round
22/5/2018	15:40	ALNC	Serica Energy Says Rhum Field Caught Up In New US Sanctions On Iran
22/5/2018	11:43	UKREG	Serica Energy plc Update on BKR Transaction, US Sanctions and Rhum
09/5/2018	11:09	ALNC	Serica Energy Assessing Iran Sanctions, Plans Erskine Pipeline Bypass
09/5/2018	07:01	UKREG	Serica Energy plc Response to US Government statement on Iran

More Serica Energy News

Serica Energy Takeover Rumours

Serica Energy (SQZ) Share Charts

1 Year Serica Energy Chart

1 Month Serica Energy Chart

Intraday Serica Energy Chart

Serica Energy (SQZ) Discussions and Chat

Serica Energy Forums and Chat

Date	Time	Title	Posts
22/6/2018	10:53	Serica Energy	7,860
20/6/2018	09:30	Serica - For serious Investors	12
23/4/2018	17:13	serica energy	214
27/3/2018	13:08	serica energy	1
08/12/2017	12:12	fanshaw	-

Add a New Thread

Serica Energy (SQZ) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
10:40:19	60.35	70,000	42,245.00	O
10:38:28	60.33	15,900	9,592.80	O
10:31:24	60.33	18,700	11,282.10	O
09:48:27	60.49	6,602	3,993.88	O
09:46:59	60.60	90	54.54	AT

View all Serica Energy trades in real-time

Serica Energy (SQZ) Top Chat Posts

Date	Subject
22/6/2018 09:20	Serica Energy Daily Update: Serica Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SQZ. The last closing price for Serica Energy was 60p. Serica Energy has a 4 week average price of 60p and a 12 week average price of 53.20p. The 1 year high share price is 93p while the 1 year low share price is currently 20.25p. There are currently 263,745,040 shares in issue and the average daily traded volume is 329,565 shares. The market capitalisation of Serica Energy is £159,829,494.24. Read Full Thread Reply
25/5/2018 07:58	the abbot: Don't miss the important one The Performance Share Awards have been made in the form of nil-cost options to senior employees and executive directors and include a grant of options over 1,500,000 Ordinary shares of US$0.10 each made to the Executive Chairman, Antony Craven Walker and a grant over 1,500,000 Ordinary shares of US$0.10 each to Mitch Flegg, Chief Executive Officer. The Performance Share Awards are subject to performance conditions based on average share price targets to be measured by reference to dealing days in the period of 90 days ending immediately prior to the expiry of a three-year performance period starting on 30 November 2017. The measurement does not start until after the deal was announced so their performance is based from AFTER the large share price rise in Nov. Those shareholders on the lse website don't seem to get it! Read Full Thread Follow Reply
22/5/2018 08:19	dunderheed: 7501 I was nervous matey, I was nervous! (About the 7500 post not the sqz share price I hasten to add!) Read Full Thread Follow Reply
12/5/2018 07:49	bountyhunter: FB - I only have a small investment in IOG as although I believe they have considerable potential there is also high risk of dilution as they progress towards planned gas production; my policy nowadays is to spread my investments widely across several sectors with some of the larger dividend payers in the ftse100 as well as diverse small investments in some higher risk companies such as IOG, HUR, SDX, OXB, (and to illustrate what can and does go wrong sometimes VER) to improve my chances that some come good like OXB, BQE, SQZ, but some get wiped out also occasionally like VER!). I find the hardest thing is knowing when to sell, now I try to do that when I see a sign of increased risk before reflected in the share price but that does involve monitoring a lot of shares very closely! On that basis I sold out of SOU at 83 when drill results became more lacklustre and here at 76 after reading the smallprint re the US licence condition although I would like to get back in with a proportion of my original holding if I can time it right and the price reflects the increased risk. Good luck wherever you invest! bh Read Full Thread Follow Reply
03/4/2018 18:13	dunderheed: Yes I hear you but, I could say that anyway as we are getting results next week which will hopefully be positive? So are what are your charts forecasting for share price after results etc. Can you estimate that by share price at the moment? Serious question because you did get it 100% right last time matey and I'm interested to see if you can repeat!! Read Full Thread Follow Reply
04/3/2018 09:54	gersemi: Serica Energy (LSE:SQZ) This stock pick is a continuation of our previous article, which can be viewed here. In the previous CJ Exposure report, the various up-and-coming production lines were detailed, showing where the company’s future revenue will be coming from. Since the report, Serica announced that they were set to acquire assets from BP in the North Sea, which would further bolster their future revenue streams. The share price rocketed from 27p to settle around 80p over the weeks after the announcement, taking the market cap from £80m to £215m, after a period where the shares were suspended from trading. Now, at 75p per share, Serica presents a buying opportunity and although this is a lot higher than the 27p entry point from our previous article, we still believe there is more growth on offer. The re-rating reflects the BP acquisition, where the company have managed to make the deal without compromising their balance sheet and without taking on any debt, which leaves Serica in the same fantastic financial position that they had been in previously, and therefore our thesis still stands they will continue to go out and grow the business, organically and in-organically, and push for further share price re-rating. The acquisition involves Serica purchasing BP's interests in the Bruce (36%) Keith (35%) and Rhum (50%) fields with Serica assuming operating interest of all three fields. Serica have described this move as transformational and it's hard to disagree; the new fields increase net production from 3,000boepd (Barrels of Energy per day) to an estimated 21,000boepd (7x) and a sixteen-fold increase in net reserves to 50mmboe from 3mmboe. Not only will it significantly improve Serica’s cashflow, but it also diversifies the company away from the problematic forties pipeline; previously the pipeline had been Serica’s only export source and had suffered blockages which would weigh heavily on their share price, but with a more diversified export system, and less reliance on one pipeline, a temporary shutdown wouldn't hurt Serica like it has done in the past. The deal will initially cost £12.8m and then a profit-sharing deal with BP on future production from Bruce, Keith and Rhum will be paid. BP also assume 100% of decommissioning costs assuming no new facilities are installed by Serica after completion, and with this earn-out structure in place it appears to be somewhat of a win-win for both parties, as they share both risks and future profits. The deal is expected to complete by mid-2018, with Serica taking on all of the BP employees working over the three assets, which could help with some of the short-term teething issues as Serica move from being a single asset producer to being operational over multiple assets. We are less concerned by any teething issues as our preference for Serica shares is based on a longer-term view, where we see Serica becoming a leading British independent oil and gas company, and in this regard, we still see there being a lot of upside on the price that is already up c.200% in the last 12 months. Peel Hunt have set a target price of 110p, which offers upside of c.38% from current levels, but we believe that this will prove conservative in the longer term. On a larger scale, we don’t believe that a 75p share price reflects the potential of Serica Energy. The new assets will be producing first oil to Serica in the coming months, but it’s also worth reflecting on our previous article, where we detailed the other projects planned to come on-stream in the next few years (including the Columbus and Rowellen fields), which we believe means that Serica will become a major player in the North Sea and could offer significate upside against risk. Serica also looks appealing on current valuations; trading with a P/E of only 3x and a PEG of 0.04x; this look very attractive, especially when considering shares in the company have risen by over 400% since January 2017. In particular, a PEG of 0.04 implies that Serica shares are still yet to price in almost the entirety of the company’s forecasted growth. It is for exactly this reason, the forecasted growth that Serica offers, partnered with one of the lowest PEG’s that you will find, that warrants its place in our top stock picks for 2018. HTTP://www.cjexposure.com/single-post/2018/03/03/2018-Top-Stock-Picks-Volume-II Read Full Thread Follow Reply
13/2/2018 13:44	fardels bear: I must be missing something here.... As I understood this SQZ are benefitting from 40% of the production of BKR fields for the year 2018. That's about 7200 boepd, isn't it? And 10K boepd if you include Erskine. So, even without Erskine production we are producing three times as much as we were last year - and the share price sits about treble what it was before the announcement of BKR purchase... If that logic (and I use the term loosely) holds true, when Erskine comes back on we should expect the share price to return to mid nineties (OK I know it isn't an exact science).. So if you want to top up you need to do it before Erskine comes back on line. Read Full Thread Follow Reply
28/12/2017 18:36	gersemi: TIPPED IN THE IC: --- 'Not too late for Serica windfall IC Tip: Buy at 75.5p Tip style Growth Risk rating High Timescale Medium Term Bull points Transformative deal Free cash flow yield BP retains key liabilities Discount to core NAV Bear points Forties shutdown Oil price By Alex Newman Life comes at you fast. On 21 November, investors in Serica Energy (SQZ), a well-run if small Aim-traded oil and gas producer, awoke to news that their company had agreed to buy BP’s (BP.) stakes in three major North Sea fields. Alongside a new chief executive, the deal gave Serica the following: a 16-fold increase in net 2P reserves, a sevenfold increase in net production, 110 new staff, and a near-fivefold increase in forecast earnings per share (EPS) for 2018 and 2019. The price of this transaction? An upfront payment of just £12.8m, contingent payments of up to £39.1m, and around half of the pre-tax net cash flow from the fields until 2021 (and everything thereafter). This unique deal, something of an experiment in the history of North Sea field operatorship, is one we believe new investors can still benefit from, even after the 170 per cent share price surge seen since the transaction was announced. SQZ:LSE Serica Energy PLC 1mth Today change -1.51% Price (GBP) 81.75 But what exactly is Serica buying? Once the deal becomes effective on 1 January, the group will own 36, 35 and 50 per cent interests in the Bruce, Keith and Rhum fields respectively, and will sit as the producer-operator of all three, collectively known as the “BKR assets”. Together with its stake in Erskine, another North Sea field acquired from BP in 2015, broker Peel Hunt judges Serica’s production assets to be worth 87.5p. Including cash on the balance sheet and tax credits, the brokerage values the group’s core net asset base at £355m, or 134p a share. So this deal clearly represents a giant leap for the hitherto junior producer, but the question for investors is whether it offers value at the current price? The answer, we believe, is yes. Assuming operating costs stay below $15 (£11) a barrel and Brent crude averages $57 in 2018 and $60 in 2019, Peel Hunt reckons Serica’s interests should generate a net profit of $83m and $118m in those years, at the end of which there is expected to be $193m net cash on its balance sheet. Thereafter, field production is set to steadily decline, and assuming no discoveries are made, the group’s reserves will last less than seven years. This helps to explain why BP is happy to wave goodbye to the BKR assets (albeit for around £300m in total payments); put simply, the fields are worth a lot less to an oil major than they are to a mid-tier producer. Importantly, BP will retain financial liability for all decommissioning costs, although Serica in on the hook for 30 per cent of post-tax costs, and the job of planning and executing the fields’ closure at some point in the next decade. SERICA ENERGY (SQZ) ORD PRICE: 76p MARKET VALUE: £199m TOUCH: 75.5-76.8p 12-MONTH HIGH: 77p LOW: 74p FORWARD DIVIDEND YIELD: nil FORWARD PE RATIO: 3 NET ASSET VALUE: 36¢ NET CASH: $25.1m Year to 31 Dec Turnover ($m) Pre-tax profit ($m)* Earnings per share (¢)* Dividend per share (¢) 2014 0.0 -4.8 -2.1 nil 2015 24.0 12.8 5.9 nil 2016 21.4 3.7 4.2 nil 2017* 34.2 18.4 6.9 nil 2018* 177 116 31.5 nil % change +416 +491 +357 - Normal market size: 10,000 Matched bargain trading Beta: 0.24 £1=$1.34. *Peel Hunt forecasts and adjusted pre-tax profit and EPS numbers. IC View The state of the North Sea’s ageing infrastructure certainly came in for greater focus just three weeks after the deal was announced, when the Forties Pipeline – which carries output from Erskine and the BKR assets – was shut down after the discovery of a hairline crack. At the time of writing, Forties operator Ineos, which recently acquired the pipeline from BP, expects repair work to have completed by early January. This unfortunate development nonetheless provides a pause in recent momentum, as the market latches on to the consequences of Serica's free cash flow, which is expected to total a combined 88p in the 2018 and 2019 financial years, and the potential for rapid, near-term equity growth. Buy. - not holding but like the company Read Full Thread Follow Reply
15/12/2017 17:19	captainfatcat: Very reassuring to see the share price looking so resilient, sells are getting mopped up and the news of a temporary shutdown of the Forties pipeline hasn't made a dent in the share price Long holders are feeling very optimistic about the acquisition (that's me). But as has been mentioned its not a done deal as yet and accordingly there is an element of risk still attached to the share price which diminishing as we get closer to year end and the transfer of ownership official starts. For sure if news of the pipeline shutdown came before the acquisition announcement I think we would be sub 20p and all feeling pretty glum about it. ------------------------------ Another thought I wonder with North Sea costs driven down and the oil price seeming a little more buoyant if there might be interest again in bringing the Vette oil field (previously Bream field) into production. Small bear now and I'm not sure who the current owners are or if SQZ are still in line to benefit from a bonus payment when the field is brought into production. Have a good weekend all Read Full Thread Follow Reply
14/12/2017 22:10	stephen2010: ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following: MARKET CAP PUZZLE ❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed companies with much enhanced market capitalisations, such as UKOG.L (£134m) and JAY.L (£172m). With either shared project interests or adjacent tenements to these companies, Alba should trade at a much higher valuation than its current token value. Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba has approximately one third of the value of Horse Hill compared to UKOG but only about 7% of the market capitalisation. Once the market recognises these disparities, the room for growth in Alba’s share price is undeniable. VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The Horse Hill licences are valued using independent published technical data from Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own assumptions on recovery rates, oil discovery value, resource and development risks factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived for Horse Hill. Given the similar geology and economic potential of both TBS and Dundas, we have adopted a risked closeology valuation approach, by computing an NPV for Dundas of $223m and then applying a three-tiered risked probability calculation to arrive at a value of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS and Bluejay its Feasibility Study results, this number is likely to be revised upwards very rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder value. We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which 4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth of valuation catalysts anticipated across the project portfolio in the coming months, we recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential 15 times plus uplift from the current share price. Read Full Thread Follow Reply
08/12/2017 12:55	fuji99: mesquida - I referred to the Share Price as Bear said. Obviously it is the production increase that will boost the share price accordingly. The actual share price does not reflect the whole potential of future production as market cap - share price related - is too low. Read Full Thread Follow Reply

Serica Energy share price data is direct from the London Stock Exchange

add chat code

Your Recent History

LSE

GKP

Gulf Keyst..

LSE

QPP

Quindell

FTSE

UKX

FTSE 100

LSE

IOF

Iofina

GBPUSD

UK Sterlin..

Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

ADVFN UK Investors Hub ADVFN Italy ADVFN Australia ADVFN Brazil

ADVFN Canada ADVFN Germany ADVFN Japan ADVFN Mexico

ADVFN France ADVFN US Finance Manila

P:43 V: D:20180622 10:56:05