Franconia
17 Apr 2018
Re: Auction Interesting open. Just like yesterday, it opened at 86p. Will have to see if it drops back again like yesterday.....
NewKOTB
17 Apr 2018
Auction Massive Auction this morning on opening for 6 minutes !!!!Opened up !
casabanker
16 Apr 2018
Re: Impressive move since the figs... Spot on with your comments there, sasa. All sorts of small oilies are featured in the most popular comments message boards on ii but SQZ looks to be under the radar for most punters. I need it to stay that way until I can make another top up. Then bring on the mass! Another RNS like the last one should do it and it shouldn't be too long before it appears.Casa.
sasa43
14 Apr 2018
Re: Impressive move since the figs... Hi casa - no probs; glad to have something going right for us in these mkts...I read an article in todays Times or Telegraph about the best way to protect your funds when the next crash occurs - the advice being to 'find a share with little or no debt, good prospects to be enhanced by strong management and that is still statistically cheap - the last requirement being the difficult bit!'No qualifying tips were offered but they should have mentioned this one if they were aware of it , as it ticks all those boxes and then some....sasa.
casabanker
13 Apr 2018
Re: Impressive move since the figs... The move up of the sp this week has been significant but not surprising when the news that has been released is so positive. I wanted to buy more when the price was at 63/64p. I had used my ISA allowance up for last year and didn't want to put it into the trading account so I missed out. I still intended to buy some today but I am in the process of bed and ISA a number of holdings so the cash balance in the ISA account is negative until the process is completed. Apparently ii have a backlog of requests but they all should be completed by the 19th of April. I'm not too disappointed as it looks as though SQZ has much further to go. I hope there is no news until after the 19th though. This Company has all of the hallmarks of a significant winner thanks to a steady management making wise decisions.Thanks to sasa for putting me on to this one.Casa.
NewKOTB
12 Apr 2018
Stifel buy rating 103p Serica Energy Plc : Stifel starts with buy rating; 103p target priceSo I guess Stifel have been busy buying for their clients over the last few weeks or so !!!Can not see the SP ever returning to the 64p low of 3 days ago ! Now +30% from Mondays close. EoY Results have woken the market from it's slumber, well for SQZ at least.
sasa43
12 Apr 2018
Impressive move since the figs... Not that I'm any good with charts but the results have clearly been well received.Given the eps projections from the BKR assets purchase (with Erskine sorted soon, too, hopefully) the shs remain very cheap statistically, quite apart from anything extra from Rhum 3 / Rowallan / Columbus etc., and the sp could well be in triple figures before too long.Moreover, with a prospective multiple of 3 or less, one could easily make a case for the shs being rated at twice this price level, given the position they're now in (no debts / $33m in the bank and rising) and on the look out for another deal or two - a rare bird this, imv - sasa.
BuySel
11 Apr 2018
Re: Moving ahead with the peers OIL price on the rise again after the lower opening since last nightback to over $71 for Brent and breaking yesterday's high now $71.31Intraday Brent[link]
BuySel
11 Apr 2018
Moving ahead with the peers Someone bought at the top price today 50K @ 76.60p delayed just reported10
6:2776.60p50,000
Franconia
10 Apr 2018
Re: Results They are keen to push the further acquisition message:"Though much of our effort is currently directed towards the transition of BKR operations from BP, we continue to seek new opportunities to add to our portfolio of assets. We believe that the UK North Sea, where there are strategic benefits for Serica, will continue to provide new opportunities to grow the business and add shareholder value."That, coupled with the application for the latest licencing round should give the potential for some "left field" news in the coming months.....
sasa43
10 Apr 2018
Re: Results Agreed, Franconia - thought the extended delay in getting Erskine back on line was a bit disappointing but the by-pass pipeline being installed should prevent recurrence when it's operational again.Interesting that they reckon there's 3mmboe still available from Erskine, which is almost as much as when they bought it in 2014, so it's been a good acquisition for them, waxing probs, notwithstanding.Everything else seems to be on track with a successful Rhum re-entry well result, hopefully and then Rowallan coming up likely to spur interest in a couple of months time - sasa.
Franconia
10 Apr 2018
Results All looks good to me. $34m in the bank and :"The selection of the Shearwater hub as the optimum offtake route for the Columbus field, and our planned submission of the field development plan scheduled for mid-2018 are significant steps towards first production from the field.Operationally, we are delighted that work will soon commence on the Rhum R3 well intervention and that preparations continue for drilling a well on the Rowallan prospect in which we have a 15% carried interest. A successful outcome in one or both of these projects will have a material impact on Serica."
sasa43
06 Apr 2018
Re: F/Y figs out on 10th April... Hi casa - agree all that; the only positive in higher yields of late is the beneficial effect on pension fund deficits, as these automatically reduce as gilt yields rise.Other than that, anxieties remain - it was ever thus... sasa.
casabanker
05 Apr 2018
Re: F/Y figs out on 10th April... I am looking forward to all of those positive reports, sasa. In the meantime the white knuckle ride that is the FTSE100 is quite unnerving for some. The vix is alive and well. Today gold fell in price and silver was up. That hasn't happened too often. Ten year bond yields have risen from around 0.5 to 2% in a short time period. Admittedly they are low levels of yield but it represents a quintupling. As the bond market dwarfs equities, there is no wonder we are witnessing high volatility levels. Add in to the mix of Mr Trump's trade wars. Free trade is obviously better for world prosperity but I cannot believe that this trade war will amount to much. I think interest rate levels and potential increases together with the rate of inflation are much more important in their effect on equities.Best wishes, Casa.
sasa43
04 Apr 2018
Re: F/Y figs out on 10th April... Hi casa - the figs. out next week are up to the y/e, i.e before the Erskine shutdown again, albeit with a slightly lower throughput announcement than SQZ's earlier forecast from this problematic well.As annoying as the absence of revenue from this source is, so far this year, the income is only deferred until it's cleared once more with, hopefully, a more reliable solution to the waxing up problem - hopefully, the RNS next Tuesday will clarify progress here...Meanwhile, the forecasts for this year will likely show what we're already benefiting from vis a vis the BKR assets from Jan 1st, assuming the final 'sign off' in July is perfunctory and with Brent and gas prices both higher than hitherto, they should be encouraging.Statistically, the shs look very undervalued now, as you say, post the 30% retreat from their 90p 'high' a few months ago, so, fwiw, I'd expect a worthwhile recovery to at least that level again, as the Rowallan 'spud' - our 'free carry' - looms into view - sasa.
