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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00p +2.70% 76.00p 75.75p 77.00p 77.00p 73.50p 73.50p 1,341,634 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 17.4 2.7 3.2 25.3 190.14

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Date Time Title Posts
18/12/201714:44Serica Energy5,144
25/11/201718:53Deal too good to be true.4
24/11/201710:35serica energy190
03/6/201716:15Serica Energy plc - Moderated7,634

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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 74p.
Serica Energy has a 4 week average price of 27.63p and a 12 week average price of 24.75p.
The 1 year high share price is 77p while the 1 year low share price is currently 14p.
There are currently 250,179,040 shares in issue and the average daily traded volume is 1,759,908 shares. The market capitalisation of Serica Energy is £190,136,070.40.
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
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.
dunderheed: It's a fair point guys and everyone has answered intelligently. Why continue with the other silliness? Does anyone really seriously think chatter on adv is going to impact share price at this juncture!! I personally think the share price is being held by people nervous to buy and ii moppingbul any sales at the moment? Best of luck all.
mirabeau: w8643 This isn't a personal view but one from the Inv-Chronicle dated 6 Nov-2017 (ST) Apologies for o/t - In the case of Chariot, investors are now cottoning on to the potential exploration upside from the forthcoming drilling programme by oil giant Eni at the Rabat Deep Offshore permits in Morocco, which have an independently audited gross mean prospective resource estimate of 768m barrels. Drilling is scheduled for the first quarter next year. Chariot has a 10 per cent equity interest and a capped carry for its share of an exploration well which will cost over $50m (£38.6m) to drill. Larry Bottomley, chief executive of Chariot, says that “the prospect offers potential to create transformational value due to the large-scale prospective resources, excellent commercial contract terms and robust economics.” He also adds that “success will materially de-risk other targets we have identified within our neighbouring Mohammedia and Kenitra permits in which Chariot holds a 75 per cent interest". Chariot is actively seeking partners to drill Prospect-S in Namibia (prospective resources of 300m barrels) in the first half of 2018 and Kenitra-A in Morocco (prospective resources of 350m barrels) in the first half of 2019. The point here is that with the company’s £43m market capitalisation backed by net cash of £16.5m, a sum worth 6p a share, drilling success at the Rabat Deep Offshore permits could send the share price soaring, as could a successful partnering in Namibia and Kenitra-A in Morocco. So, having first advised buying Chariot’s shares at 8.29p in my 2017 Bargain Shares portfolio, and banking a 111 per cent profit on two-thirds of the holding a few months later at 17.5p (‘Bargain Shares on a tear’, 3 April 2017), I feel that there is potential for the share price to double again to FinnCap’s conservative looking target price of 35p if drilling in Morocco hits pay dirt early next year. Run profits. - cheers M
fuji99: SQZ is not the only oiler having exactly the same crack problem. Iteresting to check if the pipeline supplier is the same or using dodgy materials without taking into account temperature (not share price) swings. hTtp://
almsivi: Erskine feeds the Forties system so will be affected, as will some 80 other platforms and fields. I expect the price of oil to rocket within the next few weeks off the back of this. We're in an unusual area, the value of the BP deal hasn't been anywhere near realized yet and the Share price is rerating accordingly. Will the news of the closure prompt a sell off? If it does, it won't be from me, I know exactly where this share price is going and risking my volume to make a buck shorting it off the back of an issue like this just isn't worth it.
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.
fuji99: fardels bear - FPM is still loss making while SQZ is making profit so apart from the share price comparison and market cap, SQZ looks better positioned.
nigelpm: Of course BP are not going to enrich us on a whim, but this elegant deal still catapults SQZ into a wholly different league without, and this is the crucial point, shareholder dilution. This deal’s immediate and eventual value to SQZ are different things - let’s see how much of its eventual value we get credit for in the share price on relisting. If the market is short-sighted enough to leave anything in the 30s on the table, I’m having it. I’m sure we would all sell at the right price, but for me that price is not in the 40s. Quietly confident about my 51p opening prediction... Yep - agree with all that. For me anything less than 50p on open will be buying material, probably up to 60/70p - anything over £1 and my selling button will get twitchy.
rossannan: Interesting discussion. Of course BP are not going to enrich us on a whim, but this elegant deal still catapults SQZ into a wholly different league without, and this is the crucial point, shareholder dilution. This deal's immediate and eventual value to SQZ are different things - let's see how much of its eventual value we get credit for in the share price on relisting. If the market is short-sighted enough to leave anything in the 30s on the table, I'm having it. I'm sure we would all sell at the right price, but for me that price is not in the 40s. Quietly confident about my 51p opening prediction...
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