Serica Energy Share Discussion Threads

[sawney] 03/6/2024 13:34

All roads appear to lead to Davos...That Labour will not define what they intend to do about Capex investment allowances has just about brought the North Sea to a standstill....Nothing less than gross political incompetence......and they haven't gone through the door of No 10 yet....

[mickinvest] 03/6/2024 12:38

And if by magic a slight softening in Labour's rhetoric.

[nigelpm] 03/6/2024 09:39

Irrelevant from a practical perspective. SNP and Tories likely to be shouting from the sidelines but that's not going to change it.

[mickinvest] 03/6/2024 08:20

Its certainly not wholly irrelevant unless you are only looking at it from the election angle Nigel. There is nobody fighting the O&G corner apart from the Unite union so to get one of the major political parties onboard makes a huge difference as we can at least get some vocal argument to Labour's madness. Gas up 7% this morning, not doing much for the shares though

[nigelpm] 02/6/2024 15:22

It is but it's wholly irrelevant.

[yasx] 31/5/2024 09:52

Wally,

Interesting observations - thank you for that.

[wallywoo] 31/5/2024 09:44

Serica have stated that they are looking at Norway for acquisitions.


Sval Energi AS is a private equity valued company that produce around 70kbopd. They now own all Spirit Energy's Norway assets after Centrica sold them in 2022.


However, their private equity owners now want to sell these assets.


The new CEO of Serica (starts soon) used to be the CEO of Spirit Energy. Anyone can join the dots here for the likely next acquisition!!

[kibes] 31/5/2024 07:54

Ithaca is much bigger than Serica and in any case is 90% owned by Dekel and ENI who are hardly likely to be interested in a takeover by a minnow like Serica. But perhaps the other way round they could take Serica over in a N Sea consolidation.

[yasx] 31/5/2024 07:50

It is not the case that your question was considered to have bad intentions, merely that you opined that there were rumours that you had heard regarding the Co. being taken private - then asked others for insight into those rumours.

The response rightly suggested that since you had heard rumours, it ought to be you that should be offering some insight e.g source of the rumour etc.

If you wish to be taken seriously, then you should offer serious comment.

[im5] 31/5/2024 07:35

Mine was a genuine question, based on trying to understand what's driving price action in this company, which I presumed the forum might be useful for.
I've been invested here for a few years - with a modest position by the standards of many on this and other fora I imagine - and witnessed quite choppy performance though the underlying business looked reasonable, at least until the TW acquisition; though at least that had one significant positive effect of pivoting away from an almost exclusive gas focus.
My reading on the company unearthed this 'rumour'/concern several months ago, and I haven't jumped on trying to disseminate it previously, but as time passes I wondered whether anyone knew more.
Too bad that you seem to have interpreted my question as some sort of bad-faith enquiry.

[yasx] 30/5/2024 13:49

That made me chuckle.

[farmscan] 30/5/2024 13:34

I would assume you do as it's you that has mentioned rumours.

[im5] 30/5/2024 13:01

There are rumour circulating that Mercuria would like to take the company private, and the price action reflects those ambitions, to drive price down until it becomes a cheap buy...does anyone have any insight into this?

[wallywoo] 30/5/2024 11:37

On Tuesday, Ithica energy was struggling at 113p. Today it's 132p.


Sqz has had a really poor run, and if you take the 14p dividend off, the share price has hit 3 year lows today. Despite production averaging over 45k bopd (2023 average just over 40k, 2022 was 26.2k, 2021 was 21k).


What does it all mean? Imho, it shows how easy these UK oil producer's are to manipulate currently. Lots of hot short term money flowing in and out. Would not be surprised to see this back over 190p before they go XD (27/6/24).

In the 70s, 80's, 90's 00's oil producer's were easy to understand. If production grew, so did profits and share prices. Certainly not the case now!! Will the investment sector / UK government ever revalue these companies again? I believe they will, because they have an important part to play for the next 30 years.

[yasx] 30/5/2024 08:31

Sqz bidding for Ithaca - well, that would be a disaster and I doubt they are intending to go down that line.

What SQZ need to do is begin the process of diversifying - HBR have taken great strides in terms of diversification over the past year or so and SQZ need to absorb some lessons from that approach.

Starmer will just implement the agenda provided to him from his bosses at the last meeting in Davos - he has no say in the matter and Co's pleading with him to see sense are simply wasting their time - it is not different to how Charles or the late Queen have no choice but to tick whatever box they are presented with by the Government of the day.

[mickinvest] 30/5/2024 08:24

There was an outage at Buzzard a few days ago and haven't seen anything to say it's sorted, will that have any impact on Forties or does the rest of the oil get loaded as normal albeit presume it's sweeter without the Buzzard sour stuff?
Maybe looking at Deltic if the drill rig is in no danger of being cancelled as pretty much a free hit if can get both drills done this year, no sign of any buying of the shares there though.

Certainly wouldn't touch Ithaca with a bargepole though Nigel.

[nigelpm] 30/5/2024 08:13

Odd move on Ithaca last few days. Sqz couldn't be launching a bid could they?

[sawney] 30/5/2024 08:00

Unless production has stopped somewhere...this has been well and truly trashed by Politicians and the Greta Brigades...can't see much happening without a T/O or buying production...wouldn't be surprised if it was taken privately...that said, happy to take the dividends until something happens...

[croasdalelfc] 30/5/2024 06:09

Did anyone notice that nearly 5m buybacks shares will be used for long term incentive scheme . FfS

[croasdalelfc] 30/5/2024 06:03

No - they are doing buybacks and seemed to have had a very long bank holiday . No buybacks on 23rd or 24th but resumed on 28th

[mickinvest] 29/5/2024 16:31

Possible swap into Ithaca from some holders, suspicious looking move there today?

[sbb1x] 29/5/2024 14:29

What did peel hunt do Downgrade?

[croasdalelfc] 29/5/2024 06:02

Peel Hunt had a long weekend - lazy fugs :)