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Share Name Share Symbol Market Type Share ISIN Share Description
Serica Energy LSE:SQZ London Ordinary Share GB00B0CY5V57 ORD USD0.10
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50p -0.38% 129.50p 385,916 16:29:39
Bid Price Offer Price High Price Low Price Open Price
128.50p 129.50p 130.00p 125.00p 130.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 23.67 8.03 4.44 27.8 341.5

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Date Time Title Posts
16/2/201916:57Serica Energy12,583
13/2/201916:11serica energy309
24/11/201811:05Serica Energy mobile chart6
10/11/201808:08Serica - For serious Investors23
27/3/201812:08serica energy1

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Serica Energy (SQZ) Top Chat Posts

DateSubject
17/2/2019
08:20
Serica Energy Daily Update: Serica Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SQZ. The last closing price for Serica Energy was 130p.
Serica Energy has a 4 week average price of 125p and a 12 week average price of 106p.
The 1 year high share price is 144p while the 1 year low share price is currently 53.20p.
There are currently 263,745,040 shares in issue and the average daily traded volume is 569,084 shares. The market capitalisation of Serica Energy is £341,549,826.80.
15/2/2019
12:43
danny baker: FB, I am a firm believer in Serica and have done very well out of it. However there remains a link to Iran and the press over the last 24 hours has been reporting Mike Pence's comments which are enough to at least take note. I held my nerve last year throughout the Iran political wobbles and I'm not fazed by the latest US attempt to bring Iran back into the headlines. But at the same time if the SQZ share price has an attack of the jitters I can understand the possible reason why.
15/2/2019
12:03
danny baker: I stopped my drip selling at 141.5p as SQZ looked poised for a leg up towards the mid 140's. The recent pull-back has caught me out but one reason could be the increased US annoyance at the EU stance towards Iran. Mike Pence has been very vocal at the Warsaw summit in criticising the EU's dealings with Iran in contrast to the US sanctions. The SQZ price suffered badly last time before it eventually got approval for the BKR deal to proceed. I think Iran worries, even if completely unjustified can do more short-term damage to the share price than GG's concerns over gas prices despite the mild winter we seem to be having now.
04/2/2019
17:18
the abbot: A quick update from me; Technically a good trading day, what I would call a day of consolidation by PI's with 120+ trades today and far more sells 424,131 versus 186,196 buys, the price has moved up and closed UT at 142. This is on a backdrop of rising accumulation / distribution with a slight turn down in momentum (measuring the velocity or rate of rise and fall of a share price, not the direction) thus we are building a strong base at this level, underpinned by a 20-day SMA at 136.475. Serica is currently in a nicely defined, fairly tight rising trend since the 5th Dec, with a major fib below us at 132.2p, it has extremely strong support. The 14-day RSI (measuring oversold / overbought) is back to sitting at 66% so once again plenty upward movement available. Next resistance at 151.3p may be a nut to crack however, another week at this level and a technical decision will be made as we bump into the base of the rising trend which could give us a sharp move upwards - what a share to be into eh. The Abbot
02/1/2019
10:11
the abbot: Who was closest then to the end of year SQZ price, certainly lower than I thought.
20/12/2018
21:20
chestnuts: Abbot When the share price hit 135 i told bounty that the share price was going back to 93p but with oil going down to as low as its going to and it will most likely go to around $34 as the Dow collapse which i warned about in July i was a bit early but non the less i was right, And US natural gas is going down which I have shorted all the way down, and this will filter through to UK gas this is where the head and shoulders plays out on UK gas. So Serica i reckon will lose about 40 % of its revenue and when Margin calls filter through to Serica share holders the share price will fall.
19/10/2018
09:23
dunderheed: Oh right cheers haven't a clue when retirement age is lol. I think mine is 67 possibly because I'm a 'bit' younger than you? bh you are a mind reader lol! Well I have an idea regardless of possible oil price weakness in the face of potential massive trade wars sqz share price will be substantially higher over the years ahead!! Best of luck all!
22/9/2018
13:22
captainfatcat: Personally if and when the BKR completes I see a lot of potential upside in SQZ's share price so will probably be adding further funds here. Funny thing is I will probably add as well if the deal falls through and the share price gets silly as it inevitably would. While it might not be 10 bagger potential SQZ is going to look a very solid prospect. Future upside to earnings look low risk and locked in as BP's percentage of revenue decreases over the next three years. Erskine restarts coincides with significant shift in gas price and a little further down the line Columbus field comes online. That's without figuring in something for Namibia, Rowallan success or what ever they might be looking at longer term. A share price starting with a 2 followed by a 3 then a 4. Looks I think very achievable over the next few years. Just need to get the BKR uncertainty out of the way. The temptation to take profits is always high but that's just human nature. Banking profits is never a wrong decision after all.
17/8/2018
11:02
mirabeau: Today's IC - 'Serica Energy (SQZ) was also up 17.7 per cent, recovering most of May and June’s losses. It was a nice move ahead of the 3 August announcement of its purchase of Total’s 42.25 per cent stake in the Bruce field and 25 per cent stake in the Keith field in the North Sea. It's a cleverly structured deal, which sees Serica's interest in Bruce increase to 78.3 per cent and in Keith to 59.8 per cent; the share price leapt 23 per cent. It expects this and its previously announced BKR deal with BP to complete before the end of September. On completion, Serica’s daily production will increase to around 25,000 barrels of oil equivalent per day (boepd). A year ago, it was producing just 2,800 boepd. It has increased production nearly 10-fold without diluting shareholders through issuing shares and has avoided taking on debt by financing the two deals through existing and future cash flow. There is the small matter of its partner in the Rhum field being the Iranian National Oil Corporation. It is seeking regulatory consents for Rhum including a licence from the US Office of Foreign Assets Control. If that is forthcoming I think the share price has a lot further to go.'
22/5/2018
07:19
dunderheed: 7501 I was nervous matey, I was nervous! (About the 7500 post not the sqz share price I hasten to add!)
04/3/2018
09:54
gersemi: Serica Energy (LSE:SQZ) This stock pick is a continuation of our previous article, which can be viewed here. In the previous CJ Exposure report, the various up-and-coming production lines were detailed, showing where the company’s future revenue will be coming from. Since the report, Serica announced that they were set to acquire assets from BP in the North Sea, which would further bolster their future revenue streams. The share price rocketed from 27p to settle around 80p over the weeks after the announcement, taking the market cap from £80m to £215m, after a period where the shares were suspended from trading. Now, at 75p per share, Serica presents a buying opportunity and although this is a lot higher than the 27p entry point from our previous article, we still believe there is more growth on offer. The re-rating reflects the BP acquisition, where the company have managed to make the deal without compromising their balance sheet and without taking on any debt, which leaves Serica in the same fantastic financial position that they had been in previously, and therefore our thesis still stands they will continue to go out and grow the business, organically and in-organically, and push for further share price re-rating. The acquisition involves Serica purchasing BP's interests in the Bruce (36%) Keith (35%) and Rhum (50%) fields with Serica assuming operating interest of all three fields. Serica have described this move as transformational and it's hard to disagree; the new fields increase net production from 3,000boepd (Barrels of Energy per day) to an estimated 21,000boepd (7x) and a sixteen-fold increase in net reserves to 50mmboe from 3mmboe. Not only will it significantly improve Serica’s cashflow, but it also diversifies the company away from the problematic forties pipeline; previously the pipeline had been Serica’s only export source and had suffered blockages which would weigh heavily on their share price, but with a more diversified export system, and less reliance on one pipeline, a temporary shutdown wouldn't hurt Serica like it has done in the past. The deal will initially cost £12.8m and then a profit-sharing deal with BP on future production from Bruce, Keith and Rhum will be paid. BP also assume 100% of decommissioning costs assuming no new facilities are installed by Serica after completion, and with this earn-out structure in place it appears to be somewhat of a win-win for both parties, as they share both risks and future profits. The deal is expected to complete by mid-2018, with Serica taking on all of the BP employees working over the three assets, which could help with some of the short-term teething issues as Serica move from being a single asset producer to being operational over multiple assets. We are less concerned by any teething issues as our preference for Serica shares is based on a longer-term view, where we see Serica becoming a leading British independent oil and gas company, and in this regard, we still see there being a lot of upside on the price that is already up c.200% in the last 12 months. Peel Hunt have set a target price of 110p, which offers upside of c.38% from current levels, but we believe that this will prove conservative in the longer term. On a larger scale, we don’t believe that a 75p share price reflects the potential of Serica Energy. The new assets will be producing first oil to Serica in the coming months, but it’s also worth reflecting on our previous article, where we detailed the other projects planned to come on-stream in the next few years (including the Columbus and Rowellen fields), which we believe means that Serica will become a major player in the North Sea and could offer significate upside against risk. Serica also looks appealing on current valuations; trading with a P/E of only 3x and a PEG of 0.04x; this look very attractive, especially when considering shares in the company have risen by over 400% since January 2017. In particular, a PEG of 0.04 implies that Serica shares are still yet to price in almost the entirety of the company’s forecasted growth. It is for exactly this reason, the forecasted growth that Serica offers, partnered with one of the lowest PEG’s that you will find, that warrants its place in our top stock picks for 2018. HTTP://www.cjexposure.com/single-post/2018/03/03/2018-Top-Stock-Picks-Volume-II
Serica Energy share price data is direct from the London Stock Exchange
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