Serinus Energy Share Discussion Threads

[patio58] 30/9/2024 08:10

Still a tiny market cap, even a 10 bagger from here is only a 39 million pound valuation. Long overdue a rerate.

[hussyo] 28/9/2024 07:58

To clarify a point:
Adding 400 bpd to production with oil at $80 is 4 x better on gross profit than oil at $100 on current production volumes.

[researchcentre123] 27/9/2024 09:17

So unless I'm mistaken spreadex is just a broker, which leaves Aulds 3% being quite important then in terms of control

[sd88] 27/9/2024 09:03

Xtellus 20% CRUX 8%Michael Hennigan 8% Quercus 7% Malborough 4% Spreadex 4% Jeffrey Auld 3% Rounded for ease of writing

[researchcentre123] 27/9/2024 08:52

Who are the 7?

[hussyo] 26/9/2024 18:34

We now have 7 individuals/ organisations who own over 54% of the float, so even small amounts of aggressive buying will see the price spike. Xtellus has done what any good broker/dealer does, and scooped up stock without moving the price, and as much as retail is maligned, it will come down to retail buyers to move these shares beyond 10p.
I've spoken to the person behind the Xtellus accumulation, and they believe the uptick in production at N-2 (de-watering) & W-1 (sidetrack) will come within 6 months and lead to a very substantial increase in NI. They also suggest Auld will almost certainly pay a divi next year, and that is drawing in IIs.
The BoD is cognizant of the fact a vast amount of money - c 8x of current market cap - was lost on dead end projects in the last 3 years. They are determined not to repeat those errors.
In respect of SENX and the oil price, it carries less weight versus the company ramping up production, which is good as Saudi has dropped it's $100 b ambition. Wells Fargo sees Brent AVG $70 through 2025, though predicting oil 12 months ahead is a fools game. Andurand got horribly burned last year.

[researchcentre123] 26/9/2024 13:34

I'd say the price has moved up quite a bit since a year ago

[hussyo] 25/9/2024 17:47

Even inc Spreadex, 7 individuals/ organisations own over 54% of the float, so even small amounts of aggressive buying will see the price spike. Xtellus has done what any good broker/dealer does, and scooped up stock without moving the price, so as much as retail is maligned, it will come down to retail buyers to move this stock beyond 10p. I've spoken to the person behind the Xtellus accumulation, and they believe the uptick in production at N-2 (de-watering) & W-1 (sidetrack) will come within 6 months will lead to a very substantial increase in NI. They also suggest Auld will almost certainly pay a divi next year.

[sd88] 24/9/2024 15:13

Creeping up on small volume now.

[researchcentre123] 20/9/2024 09:49

I suppose even someone took it over at double the current share price, they'd get the cheap assets at 1/10th their price and a free listing. What we need is Gordon Gekko, if anyone has his number

[researchcentre123] 20/9/2024 09:46

I hadn't thought of the listing aspect. Can aim be upgraded to lse fairly easily does anyone know?

[researchcentre123] 19/9/2024 15:35

I wonder if they have a plan? Could be merged with one of their other holdings maybe? If the overhead is gone, it's a good company

[sd88] 17/9/2024 19:06

Another million picked up today. Give us an early Xmas present xtellus

[researchcentre123] 11/9/2024 07:45

Is Mr Leslie (just sold) connected with the company or just an investor?

[griffin63] 10/9/2024 12:30

We can safely say they haven't invested for the divi 🙃.
At least they made a profit this year.Maybe M Hennigan and Xtellus are expecting the work that's currently going on in Tunisia to massively increase our BOPD.
In theory we could be at 1500 bopd next year and then that pays for all the gas exploration.
Either way I cannot see this being let go for less than 50 mill.

[griffin63] 09/9/2024 19:36

That's if it was Xtellus buying!The plot thickens,can't be long before someone has to show their hand.I don't know how they sort out Polish stock exchange disparity in pricing,maybe that's the sticking point.
Anyone in at this level should do well in theory.

[sd88] 09/9/2024 18:10

Cheers for the heads up. Certainly something's got to give

[griffin63] 09/9/2024 16:58

There's bn 7 mill bought since that was crossed.

[griffin63] 06/9/2024 21:41

Bit of a tipping point approachING.
43 cents per BOE,sector average above $8.
If M Hennigan and Xtellus initiate a bid even at 50p a share they basically buy the reserves and get a fully operational plant for almost free.
You can call me a ramper but the inescapable fact is just that, they get the whole company for $50 Million.

[griffin63] 05/9/2024 18:21

They must be at 23% now.

[researchcentre123] 05/9/2024 07:44

Having said that, he's always said that everything is for sale....