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
  0.00 0.0% 115.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
117.20 121.60 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 35.87 46.43 21.96 5.4 305
Last Trade Time Trade Type Trade Size Trade Price Currency
17:54:14 O 520 119.794 GBX

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Date Time Title Posts
11/12/201912:54Serica Energy15,348
08/12/201920:09serica energy606
07/12/201922:57Serica Energy mobile chart47
22/11/201915:41Serica - For serious Investors24
09/11/201921:30plant pot44

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Serica Energy (SQZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:17:53119.79520622.93O
07:17:53115.009,34410,745.32O
07:17:53115.005,0965,860.40O
07:15:10117.63800941.04O
2019-12-11 17:21:15118.741,9622,329.74O
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Serica Energy (SQZ) Top Chat Posts

DateSubject
11/12/2019
08:20
Serica Energy Daily Update: Serica Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SQZ. The last closing price for Serica Energy was 115p.
Serica Energy Plc has a 4 week average price of 115p and a 12 week average price of 115p.
The 1 year high share price is 146p while the 1 year low share price is currently 96p.
There are currently 265,066,106 shares in issue and the average daily traded volume is 151,982 shares. The market capitalisation of Serica Energy Plc is £304,826,021.90.
06/9/2019
08:06
the abbot: Interim results last year were on the 28th September, no notice of results was given, thus we could get these within the next 2 weeks. I asked a question a few weeks ago as regards the interims and expected profits, I wonder if I might ask again, what are the thoughts here? KCR had a good answer last time but mainly drew my attention to market screener, as mentioned before, I do have slight concerns that the PI's expectation may be too high. I expect to see a profit but it should not be in the ballpark of the year end figures - the gas price has been low for the first half, however this will have been offset somewhat by the reduced opex costs. SQZ do have gas hedges in place but again not at greatly high prices and only for 60%. although at 35p they are very profitable. I think I work out Serica's break even to be 21p gas price, so profits are still being made even at these prices, but not as we experienced last year. Without a doubt SQZ are doing well and based on today’s share price are imo quite largely undervalued particularly as we move through the years paying less and less to BP, however markets tend to inflate expectations and it's then very easy for people to claim 'below market expectation' - other than the market screener website, does anyone have a feel for what we should be expecting or indeed what are you hoping for. I am over this weekend revising my own financial model and will come back with some guestimates however, I have always been in for the long haul with SQZ (well very long, been invested for 10 years plus now) and my intention no matter what is to stay to see the end of BP payments and Columbus on line, however SQZ has been very profitable for me and if we get what the 'market' believes are below forecast, due mainly I am sure to being overly bullish, I will top up on any weakness - just interested though to hear the thoughts of some of our quite knowledgeable posters - refreshing to be able to say that on a share forum. What’s are your thoughts chaps?
21/8/2019
08:17
the abbot: Interim results last year were on the 28th September, no notice of results were given, thus we probably have a month to wait. What are the thoughts here, I do have slight concerns that the PI's expectation may be too high. I expect to see a profit but it should not be in the ballpark of the year end figures - the gas price has been low for the first half, however this will have been offset somewhat by the reduced opex costs, SQZ do have gas hedges in place but again not at greatly high prices and only for 60%. although at 35p they are very profitable. Without a doubt SQZ are doing well and based on todays share price are imo quite largely undervalued particularly as we move through the years paying less and less to BP, however markets tend to inflate expectations and it's then very easy for people to claim 'below market expectation' - do we know what market expectation is for Serica's half year - I have not seen any relevant forecasts, anyone have a guess, thought on this subject? Peel hunt obviously have a view which was indeed a price upgrade made during low gas price time, however once again I place some caution to this as they are the house broker. It would be nice to see some other broker reports. Lastly, have you chaps noticed the new Serica website, nice but comes up on my firefox (with mcaffee in the background) as unsafe...
30/7/2019
15:16
lord gnome: Most interesting. The share price is taken down. A big trade goes through at mid-price. The share price then pops back up again. Surely that was worked?Somebody raising a bit of cash and if they would be so kind as to take the share price down to a £1 for me I'll be pleased to help them. The Iranian story is doing the rounds again. It is just a hoax, another red herring.
11/6/2019
09:02
almsivi: Just did a quick back-of-a-fag-packet check on what BP's share of the co is currently worth: BP's stake is 13.5m shares and at todays price is approx £17m. Assuming the acquisition of Shearwater might take our share price to £2 (I read somewhere it might double our current MC, but being conservative) there would be a £10m premium on top of the sale price by selling to Serica. The better the conditions of the sale (for serica) the higher the premium (i.e. decom costs, BKR style deal etc) Obviously, BP don't owe Serica anything - quite the opposite - and they're free to demand whatever they like from whoever they like for their stake (at the end of the day £200m is chicken-feed to them) - but if their overall plan was to maximize the sale of the Erskine stake by seeing Sericas share price nearer £5 a share(£67m from £0.75m = 90x initial value) - I can think of worse ways to do it than by selling-on decent assets to Serica.
03/4/2019
19:58
bountyhunter: And also... It's not all about the gas price today as the gas price varies and there is a floor, there are many other factors to consider such as: 1) BKR production increase planned from around 24k boepd to ~30k yearly average 2) Lower opex cost reducing from current $18/b 3) From 40% to 50% share of BKR due to SQZ in 2019 so that's a 25% increase on 2018. For 2020 that's then a 60% share so a 50% increase on 2018 revenue due to SQZ (more when point 1 is taken into account) 4) Rowallan drill on schedule should hit reservoir early April with TD early May. In the event of success, there is additional upside potential provided by the nearby Dundonald and Sundrum prospects, which are geologically similar to Rowallan. The Rowallan prospect may also extend onto Serica's recently awarded 30(th) Round blocks directly to the south. 5) Columbus development 2020 production 2021 6) R3 intervention should increase Rhum production significantly 7) BKR hub has capacity to handle increased production including from any nearby fields which may be developed by other companies which could increase revenues - BP did not pursue this opportunity for political reasons 8) Looking to extend life of BKR fields and so push back decommissioning - SQZ has lower overheads and is more focused on BKR than BP 9) Decommissioning costs - SQZ will pay 15% after taking into account HMRC's 50% contribution to the initial 30% liability 10) Erskine production restored, 3.2m barrels of oil originally forecast to be produced but 3m produced to date with new CPR indicating another 3m barrels still to be produced! 11) Erskine now producing ~3.5k bopd 12) Post Erskine deal back in 2015 the share price did not fully reflect the acquisition until production figures were released 6 months later, the same may be true of the BKR acquisition 13) Serica's production split is 80% gas / 20% oil 14) Cash rich / debt free 15) Looking for other accretive deals
03/4/2019
10:59
danny baker: It looks like the Hardys are going to splurge out on 5 star luxury for their Easter hols judging by the drop in the SQZ share price. Down to 105.6p bid. Come on you institutions have a look at Serica! It's dirt cheap at these levels.
13/3/2019
12:16
bountyhunter: While we are harping on about the gas spot price today again to the exclusion of all else I'll just add a little balance again as it's not all about the gas price today as the gas price varies and there is a floor, there are many other factors to consider (some of which should be factored into revenue projections) such as: 1) BKR production increase planned from around 24k boepd to ~30k yearly average 2) Lower opex cost reducing from current $18/b 3) From 40% to 50% share of BKR due to SQZ in 2019 so that's a 25% increase on 2018. For 2020 that's then a 60% share so a 50% increase on 2018 revenue due to SQZ (more when point 1 is taken into account) 4) Rowallan drill on schedule should hit reservoir early April with TD early May. In the event of success, there is additional upside potential provided by the nearby Dundonald and Sundrum prospects, which are geologically similar to Rowallan. The Rowallan prospect may also extend onto Serica's recently awarded 30(th) Round blocks directly to the south. 5) Columbus development 2020 production 2021 6) R3 intervention should increase Rhum production significantly 7) BKR hub has capacity to handle increased production including from any nearby fields which may be developed by other companies which could increase revenues - BP did not pursue this opportunity for political reasons 8) Looking to extend life of BKR fields and so push back decommissioning - SQZ has lower overheads and is more focused on BKR than BP 9) Decommissioning costs - SQZ will pay 15% after taking into account HMRC's 50% contribution to the initial 30% liability 10) Erskine production restored, 3.2m barrels of oil originally forecast to be produced but 3m produced to date with new CPR indicating another 3m barrels still to be produced! 11) Erskine now producing ~3.5k bopd 12) Post Erskine deal back in 2015 the share price did not fully reflect the acquisition until production figures were released 6 months later, the same may be true of the BKR acquisition 13) Serica's production split is 80% gas / 20% oil 14) Cash rich / debt free 15) Looking for other accretive deals 16) not to forget the Golden Cross on the chart:
15/2/2019
12:43
danny baker: FB, I am a firm believer in Serica and have done very well out of it. However there remains a link to Iran and the press over the last 24 hours has been reporting Mike Pence's comments which are enough to at least take note. I held my nerve last year throughout the Iran political wobbles and I'm not fazed by the latest US attempt to bring Iran back into the headlines. But at the same time if the SQZ share price has an attack of the jitters I can understand the possible reason why.
19/10/2018
09:23
dunderheed: Oh right cheers haven't a clue when retirement age is lol. I think mine is 67 possibly because I'm a 'bit' younger than you? bh you are a mind reader lol! Well I have an idea regardless of possible oil price weakness in the face of potential massive trade wars sqz share price will be substantially higher over the years ahead!! Best of luck all!
22/5/2018
07:19
dunderheed: 7501 I was nervous matey, I was nervous! (About the 7500 post not the sqz share price I hasten to add!)
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