Soco Share Discussion Threads

[ed 123] 23/8/2017 11:54

... and the medium and long term, eggbaconandbubble. Cairn is moving forward on a number of fronts. Soco is moribund.

[impvesta] 23/8/2017 11:36

That's a lot later than recent year's then. Let's hope they have been working on something interesting!

[emptyend] 23/8/2017 11:23

Interims due on 13th September, FYI.

[eggbaconandbubble] 23/8/2017 08:47

I think Soco shareholders would be better off selling and buying Cairn. At least in the short term!

[emptyend] 21/8/2017 10:01

Interesting news elsewhere......shows the sector isn't as dead as it sometimes appears:French oil company Total SA has agreed to acquire Danish conglomerate A.P. Moeller-Maersk A/S's oil unit for $4.95 billion, the latest sign activity is returning to the sector following a three-year slump in oil prices.In statements released Monday, the companies said Total will also assume $2.5 billion of Maersk Oil's debt.The deal is the latest sign of consolidation in the oil-and-gas industry, which is only now coming to grips with a prolonged and painful downturn.In 2016, Royal Dutch Shell PLC acquired smaller rival BG Group in a roughly $50 billion deal. But speculation that the industry could face another wave of megamergers fell flat.Total said its acquisition of Maersk Oil will bolster its production by 160,000 barrels a day in 2018 and add significant volumes to its reserve base, primarily in the North Sea. It will make the French oil company northwest Europe's second-largest offshore operator.The company expects benefits of more than $400 million a year from the deal and said the transaction would immediately boost earnings and cash flow per share. Once the deal is completed, Total said it would consider removing the discount on its scrip dividend to allow shareholders to feel an immediate benefit.For Maersk, the deal concludes a review process that started over a year ago as it looked to combat one of the worst shipping down-cycles and a historic oil-price rout.Maersk will retain an interest in the sector through 97.5 million shares in the French energy group, equal to approximately 3.76% of Total. The Danish company's main shareholder, A.P. Moller Holding, could also get a board seat.Total will take over all decommissioning obligations currently amounting to $2.9 billion and will maintain Maersk Oil's position in the North Sea with strong Copenhagen and Esbjerg bases. Denmark will become the operating hub for Total's combined

[pumph] 18/8/2017 09:05

Thanks both

[ed 123] 17/8/2017 09:09

From Soco's Results Centre,

Half year results to 30 June are announced in September.

Normally get a couple of weeks notice of the results. Haven't seen that yet, so looking like being September for the interims this year.

[emptyend] 17/8/2017 09:05

In fact the interims are usually issued in late August. The last two years were exceptionally early.

[pumph] 17/8/2017 08:47

What's happened to the interim results - usually issued in early August ?

[lauders] 16/8/2017 02:09

Famous last words but it looks as though SIA may have put in a bottom around the 110p area. With luck, and some NEWS please SIA BOD, we may actually strengthen from here and also generate a bit more interest here in discussing the company. Not much to say without that news really!

[tomfoolishly2] 11/8/2017 00:23

Such a transition will require lots of batteries to be made at huge scale.
Picks and shovels for Lithium miners?
Those trucks will burn a lot of oil too ;)

[nigelpm] 08/8/2017 13:39

Yup. Give it 5 years to be economically sensible. Coming to a home near you.

[greyingsurfer] 08/8/2017 13:32

Interesting read deid.Home solar pv would certainly make some sense in some areas, Nigel. However, there is a co2 cost to producing the panels, and if you are going to have any chance of charging at a feasible rate you will need some sort of battery and control system so you can charge when you want. More resources and co2. Probably fine in Saudi. But in the north of England in winter?Peter

[nigelpm] 08/8/2017 12:29

Electric cars with home solar PV is where they come into their own.

[deld] 08/8/2017 11:58

Slow day so interesting article on electric cars. Not least the comments on how the exchequer is to raise revenue when the shortfall from all those petrol/diesel taxes disappears.

Stripping out taxes on fuel, the running costs per 100 kms are 249p (electric) and 159p (diesel). Contrary to popular belief, electric vehicles (EVs) are considerably more expensive to run.

hxxp://euanmearns.com/mercedes-b-class-electric-and-diesel-cars-compared/#more-19187

[emptyend] 03/8/2017 20:51

Can't see a paper deal at current levels. More likely to be part debt-funded, with a biggish cashflow-funded development programme?

[kenobi] 03/8/2017 17:31

lets hope that the price continues to drift up and give a share price that works for doing deals with paper. Various options were suggested at the AGM, specifically giving paper to buy assets in a company that was unable to get a listing. Of course this doesn't work if the share price materially undervalues the company, because either you end up giving too much away, or they have to accept their assets be materially undervalued too.

K

[ed 123] 03/8/2017 17:04

What would happen if someone got keen to sell some all of a sudden due to eg some unexpected news....?

Markets work both ways.

[emptyend] 03/8/2017 16:49

Another new record low for trading volume in SIA........interesting...........what would happen if someone got keen to buy some all of a sudden due to eg some unexpected news....?

[greyingsurfer] 03/8/2017 14:09

Seems to be a bit of welcome closing of the gap between share price and value going on at the moment in another place :-)

Peter

[emptyend] 03/8/2017 13:46

As I know from elsewhere, the ability of directors to influence the share price is nil. All they can do is put out material news items as they become available....but, in the meantime, the shareprice can move a million miles away from fair value (as directors may assess it), both up and down. Currently at SIA it is clear that there is an undervaluation - the only question is how big it is. I still think if a bidder was interested they would need to be paying £2 or so per share.......

[armunro] 03/8/2017 09:50

You could say the directors cannot be blamed for ramping up the shares with RNS... Do we think they are actually interested in the business and their share holders?

[kenobi] 03/8/2017 09:32

The short term outlook for oil and sentiment in general seems to have improved too

K

[emptyend] 03/8/2017 08:00

No idea Lauders. Not many sellers at this level (unsurprisingly, as it is about 20% below peer group valuations). But remember the water handling upgrade is now quite.....err......imminent: it was guided for September but I also heard August and have been unable to get any clarification in recent days.

[lauders] 03/8/2017 01:36

Is that meant to suggest we are going to receive some news around here at long last EE? About time the BOD brought SIA back to life!