Serinus Energy Share Discussion Threads

[ashleyjv] 19/5/2021 10:56

I averaged down, hopefully that was the right decision.

[lazarus2010] 19/5/2021 10:39

not enough and market not exactly impressed!! OilmanJim was a bit -ve on the accounting loss and didn't look forward to increased production from low cost workovers and downhole pumps. Average down or cut losses?

[cal57] 19/5/2021 07:04

Good to see directors buying shares.

[neo26] 18/5/2021 10:10

Something goin on here.Senx have there founder dumping all his stock and we see it falling.Geoffrey in the past stated reserve life for the wells was 4 years so why is there a decline now.

[dplewis1] 18/5/2021 08:15

Not exactly a wave of buying at the open

[honestmarty] 17/5/2021 18:08

Solid presentation.

Numbers and imminent works programmes has this screaming to be bought.

Auld is an able and most pleasant character.

[dplewis1] 17/5/2021 11:07

Agreed, but it's hard to say when a market cap is crazy low when quite a few things have to go in its favour (successful drills / oil price remaining high etc) .. I do hold 250k shares at what I though was the bottom, but there are clearly some who are yet to be convinced of the story here.

[lazarus2010] 17/5/2021 10:24

it makes a profit but then reinvests that profit into new exploration/drilling which should further increase production and hence boost profits even more. In any O&G business, or any business for that matter, there will be a period of investment where capital is invested, and this includes start up capital and cashflow from operations, and that money is ploughed in to develop and grow the business. At some point in time the income will then exceed the costs and hey presto the business makes free cashflow and can pay a dividend, acquire more assets etc.

[dplewis1] 15/5/2021 12:06

It's a lowly market cap because it doesn't make a profit though surely?

[dandadandan] 15/5/2021 10:27

Getting ready for the presentation on Monday.
There is obviously a 'overhang' keeping this down, linked to that debt deal.
The share buyback should sort this out and the BoD are probably waiting for a double discount opportunity.
The market is not rational at times and is fickle about oil stocks with large Inst' Investors wanting to be seen as ' Fit for purpose and Green'.ESG.
No debt and Tunisia is about to pump and improve output considerably.

Being patient.

What a bargain price.
Just look at this lowly Mcap.

My year end share price target is 6p/7p.

DDDD.

[milliecusto] 14/5/2021 18:19

I suggest you read the Rns, spud soon and a substantial uplift in productivity

[tnt99] 14/5/2021 17:15

This Romanian guy has bought a house of over 2 million on the money he has made in the markets over the last 15years days he knows this is going to triple within year through one of his contacts What's your record I've just startedSo took his advice

[lazarus2010] 14/5/2021 16:17

neo2614 May '21 - 09:24 - 336 of 346
0 0 0
Why has production decreased?

-----------------------------------------------
All production declines unless new wells and/or new pools are drilled and the new production replaces the decline in production from existing wells.

Try sucking water out of a sponge...the amount you can suck gradually decreases until it stops when the sponge is empty (I'm speaking theoretically as I don't do it myself lol)

[honestmarty] 14/5/2021 14:49

Well if a Romanian guy you know said buy, what is everyone waiting for?

Does he know anyone who sells bridge?

[tnt99] 14/5/2021 14:43

Also a Romanian guy I know tipped this company for a big rise

[tnt99] 14/5/2021 14:41

Why is this share down today just bought some on the drop on news they have no debt now is that right

[billthebank] 14/5/2021 11:18

2200x
$50x
365x
PE5 only

0.7$/£

EQUALS CV £150M

No debt and $5M

So a 10 bagger inside 22 months is,easily on the cards but first of all the background seller need to do one!!!!

[milliecusto] 14/5/2021 11:04

Read the rns

[honestmarty] 14/5/2021 11:02

I’ve bought back in.

191k and 300k, which is yet to show.

[gah123] 14/5/2021 10:41

Still producing 2200 boepd which will easily double before the end of the yr. On 2200 alone this should be valued £60M+ never mind the massive potential for Growth. Crazy crazy low price.

[neo26] 14/5/2021 10:28

Production has decreased

[gah123] 14/5/2021 10:22

Agree. This will fly once seller is done. Has been a massive drag on the share price.

[daar] 14/5/2021 10:03

Seller getting out fast.. Watch this fly above 3p

[neo26] 14/5/2021 09:24

Why has production decreased?

[thefartingcommie] 13/5/2021 12:36

....if you have'nt seen this ....worth watching..



Serinus Energy (SENX) - Jeffrey Auld, President and CEO