casabanker
03 Apr 2018
Re: F/Y figs out on 10th April... I'm underwater with my two recent acquisitions of PAF and SQZ but would like to average down on SQZ. I will have to wait until Friday so that I can start using the ISA account again. I didn't expect the sp to see these price levels again but I think the fall is mostly due to market conditions and the pipe blockage. I'm not expecting market conditions to improve. In fact I feel they will worsen before improving. I am assuming the pipe blockage is only temporary in which case the future news flow should be positive, providing some capital growth to set against a largely stagnant FTSE.Casa.
sasa43
29 Mar 2018
F/Y figs out on 10th April... The Erskine pipeline blockage drags on but the income loss, pro tem, should be clarified with these; fortunately, with the Forties field back up and running for a while now (16k bls a day) the transformational effect should be evident / growing apace and one hopes the Erskine problem will be sorted very soon.Beyond that, we'll have an update on how the BP staff integrations are proceeding, the developments of the three fields / the deal to be formally signed off (early July?) the Rowallan 'spud' coming up, news on Columbus etc., so a lot to look forward to which should lift the sp out of the recent doldrums (all being well)....sasa.
Franconia
20 Mar 2018
Rowallan Must be due some news soon?[link] of a rig contract and drill date imminent? I'm glad ENI are operator - they have a fantastic record!
up protherics
19 Mar 2018
Re: Resistence I am afraid this has always been a unloved share. Mainly due to things never being quite as good as first thought.Erskine is now becoming a headache which bp no doubt new it would be. It is now looking like RHUM is going to be same, but for different reasons. I.E the Iranian link for starters.inmo this has fallen too far simply on profit takers. I am sure an RNS will appear in d
northstar7
19 Mar 2018
Resistence Struggling to see a resistence level.Do they want our shares? Or are we a share that reacts only on news?The fundamentals are great, however it is annoying to see this drift.
Ripley94
16 Mar 2018
Re: Forties Pipeline Cracked. Had a buy limit on @ 66p and went out . ( 4 hours )Just back had not lifted edited to 67p and it went through immediately @ 66p( D ) ill have to try that again in future :- )
Franconia
16 Mar 2018
Re: erskine Given its' recent track record, I am not sure that Erskine would be worth much. It also wouldn't look good (to BP or others) if we cant "make a go of it" IMO. Better to persevere and find a solution, even if we lose most of the income this year.
up protherics
15 Mar 2018
erskine I am beginning to think that serica would now be better off without Erskine.we now have rhum. which on the face of it doesn't seem to run into the same problems.at least if they offloded Erskine the balance sheet would improve and they could just concentrate on Columbus.inmo they will not make anything from this this year as we are already approaching a third month of shutdown and then there is the annual closure during the summer which will probably drag on as per before.also it isn't producing the amounts per day as they envisagedwould anyone hazard a guess as to what Erskine could be w
Franconia
09 Mar 2018
Holdings So the Hardys are BUYERS! With over 11% now but that was a month ago.....
Ripley94
06 Mar 2018
Re: Forties Pipeline Cracked. Thanks for that observation sasa43.Before reading your post i would of considered it did indicate the 5% rise around 10 past.I see it has fallen back more then last nights close @ 13.20.
sasa43
06 Mar 2018
Re: Pipe Bloackage Agree that, northstar - the Erskine clearance is awaited with, hopefully, a more permanent solution to its susceptibility to waxing being announced, whereas the Forties pipeline is now back up and running, as per the Ineos confirmation - sasa.
sasa43
06 Mar 2018
Re: Forties Pipeline Cracked. Hi Ripley - just an observation on that...Just before the official opening of the order book, participants submit their bids and offers, sizes etc., and it takes a few minutes for all these to be sorted into a reasonable bid / offer spread, hence some wild pricing initially.Assuming no price sensitive announcement occurs, an orderly mkt gets going after 5 or 10 mins, so what happens beforehand is academic and doesn't represent a true mkt level - sasa.
Ripley94
06 Mar 2018
Re: Forties Pipeline Cracked. Was showing a massive rise before open both here and lse.. 142p.. 74to 210 ??All very odd but did indicate a 5 % increase after few min.
northstar7
05 Mar 2018
Re: Pipe Bloackage Depending on the de-waxing treatment used will depend on how quickly it is dissolved. What we can say is that it will be fixed, so it is a temporary problem. Hot oil is sometimes flushed through, or depending on the location of the wax deposits a chemical dissolvent is used. It could be that the issue is already fixed.Regardless, I am convinced that the next Ops update will include confirmation that this issue has been resolved (or dissolved... excuse the pun!)....Either way the effect on Serica is minimal in the bigger picture.
sasa43
05 Mar 2018
Re: Pipe Bloackage Echo that, Manuel...sasa.
