Serica Energy Share Discussion Threads

[theinquisitiveone] 23/10/2024 09:31

Morning

It is ALMOST always Neilyb675 that does the moronic "downtick every post regardless of its merits" routine

[undervaluedassets] 23/10/2024 08:58

uk gas price is high.

hxxps://tradingeconomics.com/commodity/uk-natural-gas

looking forward to my down thumb... who is it that down-thumbs every post here?

[lord gnome] 21/10/2024 10:42

Either that or it's just putting on weight ahead of the ex-div.

[parob] 21/10/2024 09:08

Having consolidated for a couple of weeks it looks like the next leg up has started.

[gutterhead] 19/10/2024 13:26

Exactly Waterloo, well countered.
And actually it might continue to rise.
It’s definitely in an uptrend atm but I don’t actually know what it’s going to do post div.

[waterloo01] 19/10/2024 12:47

kernelthread, maybe but it wasn't the ex divi that did most of the damage but the announcement of increased tax under Labour and removal of some of the capital allowances, that then led to a number of firms, SQZ including, do drop plans on new wells and development, and the further downgrading done to the value of NS assets. That caused the real damage

[bountyhunter] 19/10/2024 12:32

I think that will depend to a large extent on oil and gas prices.

[kernelthread] 19/10/2024 12:23

Will probably drop by more than 9p - it's a long time (8 months) to the next dividend, so unless there's significant news or a significant upward move in the oil price you can expect it to drop gradually as it falls off everyone's radar. After the last ex-div it got absolutely smashed - 20p off on xd day (14p dividend) followed by a gradual drift down to 110 (43p down from before xd) before it recovered a bit.

[bountyhunter] 19/10/2024 11:46

as in the header

[plasybryn] 19/10/2024 10:09

Ex dividend 24th October. Pay date: 21st November. 9p per share

[waterloo01] 18/10/2024 15:40

Your right. I had it in my mind it was next week.

[fuzzle] 18/10/2024 15:38

I believe ex div is 24th and budget is 30th

[waterloo01] 18/10/2024 15:03

Could be interesting week. Ex divi day after Budget, so we expect a 9p drop, but if budget is less onerous, we should see a decent response. Should..

[waterloo01] 17/10/2024 11:11

Should see a very decent reaction here, if the budget isn't as bad as billed re use of capital loses.

[undervaluedassets] 14/10/2024 09:15

hxxps://tradingeconomics.com/commodity/uk-natural-gas

North sea gas price is hanging tough

[tygarreg] 09/10/2024 15:08

Well I have finally bought a few Serica into my Sipp and ISA. Couldn't resist 16% divis any longer. Should have got in at £1.10 but couldnt keep waiting for that to come around again. Not put the house on it but maybe the garden shed!

[parob] 07/10/2024 13:48

Higher high gonna go in at some point as a new uptrend forms.

[swanvesta] 07/10/2024 13:10

I hear Europe still imports close to 20% of its gas from Russia. It's not that alternatives will not be available (at a price) but that it makes no sense to become reliant on them if you think they could become scarcer. And, given our worsening indebtedness and balance of payments, there's not just physical security but also financial security to consider. Every boe of NS oil or gas we export pays for one we have to import.

On the other side of the debate, we are reminded that technology keeps advancing and production costs keep declining, and spare capacity grows potentially leading to a glut as fuel switching occurs (trucks to LNG for example) and the energy transition matures. I have my doubts but in the short term huge bets are being placed in that direction.

Who is right, I don't know. But I don't see anything wrong with taking the middle path.

[mickinvest] 07/10/2024 11:20

Norway gas output forecast to fall in 2025, Yanks will be rubbing their hands and promising top jobs for the likes of Milliband.

[fardels bear] 07/10/2024 07:28

So, why don't more of us do that too?

[slicethepie] 06/10/2024 12:25

We have all met characters like Milliband, they never succeed in the real world because they are never listen to other people's view, their intellectual arrogance is suited only for politics and academia. He will walk his crazy plank until he falls off and will then find some cosy job like his champagne socialist brother who exploits a charity for over £1m a year.

[captainfatcat] 06/10/2024 09:05

Article in the Telegraph about Gasprom looking at divesting it's UK assets.

[farmscan] 04/10/2024 16:28

Claire Coutinho, shadow secretary for energy has seen and tweeted about yesterday, I think.