Serica Energy Share Discussion Threads

[1jonjon] 29/10/2024 07:42

Any intrusive tie ins to existing facillities would normally be carried out during a planned shutdown.

[waterloo01] 29/10/2024 07:21

Could have done without that, but back online in a couple of weeks, although further downtime when they install the 2nd pump next yr?

[masurenguy] 29/10/2024 07:09

Update on Triton FPSO

Serica Energy plc (AIM: SQZ) announces that production via the Triton FPSO has been interrupted owing to a problem with the single gas compressor in operation. A potential dry gas seal failure was identified in the 'A' gas compressor during operations on 26 October. This did not result in a leak of hydrocarbons. The FPSO operator, Dana Petroleum, is working to identify and execute the necessary repair. As indicated in the announcement of 2 October, the Company's ability to maintain full year production guidance of towards the bottom of the 41,000 to 46,000 boepd range was dependent on sustained production levels of around 50,000 boepd in Q4. Given the outage of production from Triton, Serica's production for 2024 is now expected to be slightly below this previous guidance.

As previously stated, actions are being taken to reduce the operational vulnerability of the Triton FPSO by bringing the second compressor into service. The date for this is likely to be delayed by the corrective work on the 'A' compressor and is now expected to be in Q1 2025. Production from Serica's other assets is currently in line with expectations, with cash flow aided by the recent level of gas prices. The average month to date market gas price is 97.9 pence per therm, the strongest so far in 2024.

Serica will issue a trading and operations update in mid-November, by which time production on the Triton FPSO is expected to have resumed. The addition of production from the GE-05 well on the Gannet field (SQZ: 100%) is expected shortly after the resumption of production.

[gutterhead] 27/10/2024 12:41

There is a fine line between investing and gambling. Clearly, we have both character types in this thread

[farmscan] 27/10/2024 10:04

I think the point of paying a "chunky" dividend is that the cash is replenished by the time the next dividend is paid, it's not a one off depletion. The balance sheet is healthy enough to support it.

With regard to the share price dropping when the share goes XD, this shouldn't be a concern to long term shareholders.

I'm very happy with the dividend.

[farrugia] 26/10/2024 17:49

as i said a chunky dividend doesn't benefit long term shareholders.

what's the point of getting a dividend if the stock goes down by at least the amount of the dividend as soon as its paid out? And that removes the cash support on the balance sheet.

dividend should be modest enough to attract people to the share.

[welshborderer] 25/10/2024 17:36

Bought into SQZ today, deliberately avoiding the dividend payment. I am now firmly of the view that waiting for the actual payment to arrive in my account, followed by my stockbroker reinvesting it for me in the same shares (DRIP) with no heed for beneficial timing has rarely, if ever, benefitted me. Where the dividend is significant it seems better to wait as the share drops after the drop and then buy. Of course what is then needed is a steady increase rather than any further decrease, but that is consistent with my previous experience watching the share price climb and my stockbroker sitting on the dividend instead of investing it.

[robpuguk] 25/10/2024 13:20

lol classic ADVFN post

[zicopele] 25/10/2024 08:45

Looks like it will now fall into the 120s on no news and an extremely unfriendly regulatory framework.

[kernelthread] 24/10/2024 15:49

Well, it looks like zico made the right call - he's already in the money. Around 144 at lunchtime yesterday, down to just under 133 now. It held up ok for a while, but they battered it down towards the end of the day.

[bountyhunter] 24/10/2024 15:37

97peter it's you who are missing the point, that's simply trading and has nothing to do with XD. The discussion was about selling just before XD then buying back when declared XD to make more than the 9p XD drop.

[waterloo01] 24/10/2024 15:33

Fair play.

[97peter] 24/10/2024 15:31

Lord Knome , Bounty and others you are missing mine and Zico’s point! If we bought like I did at 129p, then sold on Tuesday at 147p, nice little profit of £10,000 on 100,000 shares!!! Plus when I buy back these at 127 or 125p next Thursday or the week after at 122p, once Rachel Reeves has her axe on O&G companies. I will be happy to buy back these 100,000 shares at an average of 125p, over coming weeks and sit and wait for share price to rise and then take the 14p divi in June next year!!!win win

[cashandcard] 24/10/2024 12:37

Farrugio,Interesting.Capital growth in a dying local industry is non-existant and a very small, token dividend won't cut it, as people could probably do better with safer bonds or some of the better savings accounts that are now available in this IR environment.Absent a healthy dividend, what other return are shareholders meant to remain here for?Only one possible option, plough funds into a more welcoming and growth orientated Oil and Gas environment abroad.Cash

[zicopele] 24/10/2024 12:28

Making money is always worth the effort.

[farrugia] 24/10/2024 11:02

i think paying big dividends for uk companies is a mistake. once you remove the dividend it removes the wall of cash holding up the valuation.

[lord gnome] 24/10/2024 10:35

Not worth the effort either way.

[undervaluedassets] 24/10/2024 09:36

It is up slightly I think .. after discounting the divi.. about right I make it

[zicopele] 24/10/2024 09:12

Looks like I made the right decision. On an up day for oil stocks, SQZ languishes.

Expecting to crystallise my dividend in a few days. Holders must wait for theirs.

[undervaluedassets] 24/10/2024 09:11

falls by the yield amount usually. Looks bang on.

lots more divis promised by SQZ at last results.

[lord gnome] 24/10/2024 08:30

That's the whole point UV. The discussion is about whether to hold on through the exdiv process or sell out cumdiv and buy back later after the share price has dropped. As of now selling yesterday and buying back this morning wouldn't have worked.

[undervaluedassets] 24/10/2024 08:02

er ...folks

Isn't it ex-dividend today?

[zicopele] 24/10/2024 08:00

The day is long bounty. It may drift down over the next few days.