Serinus Energy Share Discussion Threads

[dandadandan] 13/5/2021 10:46

'Sell on news' brigade are out and about.
Were they looking for a fast return and getting impatient?

Just looking forward to this time next year as a LTH, as the output will be double.
This is going from strength to strength. Just give it time.
Would not be surprised to see some loan repayment activity next.
(Share buy backs?).

Lots of floating cash needs to be put to use and the work program is nicely self funded.
Auld has put the company on a sound financial footing and will be looking for the next value opportunity.
That Presentation must be prepared and ready to go.

Be ready for the next share price shift up as the Mcap is just too low.
Patience pays.

DDDD.

[spawny100] 13/5/2021 08:37

I'd certainly be buying now if I could and hadn't already added a few days ago.

[quazie12] 13/5/2021 08:36

Just bought a chunk at 2.95p. I love irrational sellers

[billthebank] 13/5/2021 08:31

$2250BOEPD
x300days
x$50
×0.7$/£
×10PE
1.15B shares

Share price 20p!!!

WE HAVE ZERO DEBT


Today's market valuation 3p RIDICULOUS

YOU ARE HAVING A LAUGH

[spawny100] 13/5/2021 08:05

Bizarre. How can it be down on that news? What were people expecting?

[honestmarty] 13/5/2021 08:04

And down she goes...

The joys of AIM

[thetoonarmy2] 13/5/2021 07:46

From Novyluk on LSE just nowNovyklukToday 00:23Posts: 126Price: 3.20I was alerted to SENX by Charlie1984. Having since done my own Due Diligence/research in some detail, I'm convinced it's a real gem with considerable upside!! I have concluded the share price is currently ery depressed because of;1) It's earlier massive $33.7m debt (taken on when oil was $110/brl),2) Uncertainty due to it's inability to make full interest repayments without default. 3) Depressed oil prices in 2019 & early 2020, and 4) Too much exploration drilling (heavy expenditure) by previous management, without regard for revenue. Those factors resulted in the shares being grossly oversold!But Jeffery Auld (ex-Goldman Sachs - brought in to turn the Co. around), has changed all of that!! Just look at this man's CV!!The opportunity:* Debt now renegotiated and the balance sheet recapitalised. The Co. is now debt free and has cash in the Bank!! * The Bank which extended the loan, has now taken a 9% stake in the company. That's amazing and very positive!!* The Co. has doubled output and now has very strong positive cash-flow.* Production has grown since Q2 2020 and is continuing to grow. * The Co. is now implementing 4 high impact low cost simple "Just Go Do" output increase projects. These target an output increase of 5,670 barells of oil equivalent/day [booe/d] (that's an additional 200% of output!!) over the next 18 months to 2 yrs.* Their lifting costs are just $8.96/booe/d. * The Co. has very low G&A costs!!IMO THIS SHARE PRICE IS ONLY GOING ONE WAY!!A great recommendation Charlie1984, thank you!! FWIW, here are my price target calculations;Note: I've applied a very heavy & conservative Discounted Cash Flow rate of 40% pa. So that reduces the target price by 60% to cater for the 18 months time frame for implementing the output increase projects.So in today's values the target is:Say 7,500 booe/d of output x 300 producing days/yr x $40/brl profit x a P/E of 10 x 0.70 US$ conversion to £'s x 0.40 (DCF effect of 100% - 60% = 40%) So a Market Cap in today's value of £252 million is implied.There are 1,140,660,629 shares in issueThis suggests a target price of 22.1p NOW.IMO SENEX's price will re-rate once investors;1) See further increased output being demonstrated and 2) Understand the upside potential i.e when the "message gets out"!! This stock is currently "under the radar"Others on this Board have flagged-up that Q1 2021 results are expected today (Thursday 13th). And also that Jeffery Auld is making a live Presentation with Q&A's at 5.30pm Monday 17th May. Others have also said, and I agree, it seems very unlikely he'd do that live session if the results were naff!For anyone interested to register to attend the Presentation, the link's here

[milliecusto] 13/5/2021 07:45

NO brainier, must be in double digits

[honestmarty] 13/5/2021 07:41

It has to be a strong buy on these numbers.

Absurdly cheap already, and now Sancrai spudding in 6 weeks time, with approval for artificial lift program in Tunisia too.

With the placing seller cleared, a little buying pressure and this could rocket.

Bargain of the year.?

[cal57] 13/5/2021 07:38

In a strong position to continue and expand growing production.Excellent trading update.

[honestmarty] 13/5/2021 07:27

Q1 results are very interesting.

24$ netback on production on over 2000 boepd.

That's a lot of cash for a mcap of just over 30 milluon and no debt.

Work has start on the new well, with a start date for the end of next month too.

Decisions, decisions......

[gah123] 10/5/2021 23:52

25m volume today is a massive sign to where this is heading, exciting times!

[market master] 10/5/2021 11:04

The timing is impeccable. Q1 presentation next Monday should see the share price move gradually upwards and then on next Monday lets have an intra-day bag :-)

[dandadandan] 10/5/2021 10:55

It is time to tick this up.
At least 10% plus per day is due. Just look at those charts.
Sit back and enjoy the ride.

This Mcap is just too low.

DDDD.

[thefartingcommie] 10/5/2021 10:23

fyi..

priopr to that date....n/a

[the donald] 10/5/2021 10:20

Investor presentation is exactly what is needed as the value clearly needs spelling out.

[elpirata] 10/5/2021 10:07

looks like we're in business at last + upcoming investor presentation

[the donald] 08/5/2021 11:46

Still looks like their is a seller selling into this. Frustrating.

[dandadandan] 08/5/2021 11:34

Big late trades.
This is about to tick up.

DDDD.

[billthebank] 07/5/2021 09:16

SENX was cash flow positive in 2020.Poo is now closer to $70 than $20. Their costs,are low.Gas prices are also a lot stronger too.This share should be double digits IMO

[divmad] 06/5/2021 06:19

Just remember, revenue is NOT profit.

[milliecusto] 04/5/2021 14:19

Big trades going through both ends, must be due to pop with oil rising