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ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells


Serica Share Chat (SQZ)



Share Price: 27.625Bid: 27.00Ask: 28.25Change: 0.00 (0.00%)No Movement on Serica
Spread: 1.25Spread as %: 4.63%Open: 28.00High: 28.00Low: 27.25Yesterday’s Close: 27.625


Share Discussion for Serica


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steven49
Posts: 5,865
Off Topic
Opinion:No Opinion
Price:27.625
RE: Just not sexy enough
Sat 22:23
Markets wont fully price this cash in with share price.always chance of dividends if cash pile not put to use
 
D220
Posts: 712
Off Topic
Opinion:No Opinion
Price:27.625
RE: Just not sexy enough
Sat 14:06
I thought the same thing until a poster (acklg?) pointed out that the Erskine deal was arranged at Poo of $100pb so I don't think we can rule out a good deal at $60pb. Agreed there is probably more competition now but I am still hopeful that our "special relationship" with BP will give rewards, as you say maybe including a Namibia farm out...
Maverick7
Posts: 428
Observation
Opinion:Strong Buy
Price:27.625
RE: Just not sexy enough
Sat 12:47
Problem with acquisitions now is that with a rising POO price we will be paying more per boe, also companies maybe reluctant to sell now - why would they if POO is rising. We are noe also competing for acquisitions with some other junior oil and gas companies who also have funds like JOG, I3E, PMG.

I still think we will see Namibia farm out which may involve a transaction with BP for a producing asset
dunderhead
Posts: 32
Off Topic
Opinion:No Opinion
Price:27.625
RE: Just not sexy enough
Sat 10:04
I totally agree with you but the timing on Erskine was superb. Since then a lot of people have taken semi retirement in oil and gas putting their own / private equity monies plus a lot of private equity getting involved and buying in mgt teams, to be in competition with. As with all markets things can get a little heated and I think sqz have set the bar very high with regard to investments bringing incremental value to the portfolio. If that is incremental to interest earned on cash in bank then fine but if incremental to Erskine returns then we may have a very long (er) wait!! Either way I prefer buying in production to pure exploration as to be quite frank the sqz exploration record hasn't been brilliant. I have every confidence in sqz mgt to make the right investment decisions for shareholders and look forward to the next 12 months!!
D220
Posts: 712
Off Topic
Opinion:No Opinion
Price:27.625
RE: Just not sexy enough
Sat 09:38
IF that were the case then I would definitely agree. However, I would be VERY disappointed if our experience BOD with all their contacts cannot find something better to do with the funds. For a "nimble" operator such as SQZ there WILL be opportunities but is the price right? With all the talk of peak oil, EVs, alternative fuel etc there will be some t are looking to get out of oil (note that yesterday the Norway sovereign wealth fund announced it is looking to significantly reduce exposure to oil). THAT is our opportunity as I really think there is enough of a future for oil to see me through to retirement with a big return on SQZ!
dunderhead
Posts: 32
Off Topic
Opinion:No Opinion
Price:27.625
RE: Just not sexy enough
Fri 23:34
You don't just acquire for the sake of it. If after exhaustive search including merger, reverse takeovers and nothing really suitable then return cash to share holders.
zedy
Posts: 554
Off Topic
Opinion:No Opinion
Price:27.625
RE: Just not sexy enough
Fri 22:30
Acquisitions have to be made, cash in bank no use. GLA
Maverick7
Posts: 428
Observation
Opinion:Strong Buy
Price:27.625
Just not sexy enough
Fri 19:20
Sadly we are not just sexy enough to attract the speculators and traders which really drive the share price. This is despite us being cash rich and generating approx 3m per month

Only imminent drilling or any any sniff of news will drive this

Top up when you can and just wait for the news to arrive
steven49
Posts: 5,865
Off Topic
Opinion:No Opinion
Price:27.25
RE: takeover
Fri 15:22
Always been a prim target 4 take over
legache
Posts: 231
Off Topic
Opinion:No Opinion
Price:27.75
RE: takeover
Fri 14:13
Dunno guys, as a new shareholder [relatively] i'd probably take 45p if you offered it to me today...

45p would be over 50% up from here...

I wouldn't take 40p mind...

I would be more interested in seeing some of that cash put to use with the purchase of another asset.




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