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Serica Share Chat (SQZ)



Share Price: 7.45Bid: 7.40Ask: 7.50Change: 0.00 (0.00%)No Movement on Serica
Spread: 0.10Spread as %: 1.35%Open: 7.40High: 7.50Low: 7.40Yesterday’s Close: 7.45


Share Discussion for Serica (SQZ)


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patercake
Posts: 2
Off Topic
Opinion:No Opinion
Price:34.50
Patercake
13 Apr '12
I have an intimate knowledge of West Africa and thanks for the reply. This seems a good punt. Deep water drilling techniques have been refined in recent years and the potential is huge. BP have huge interests just North in Angola and have been stripping huge oil reserves for the last couple of years using FPSO. The infastructure took BP a few years to establish in that part of the world but their investment is such that their interest in Serica suggests that there is a great potential. Ireland have huge gas reserves off the West coast and Corrib terminal has been built by Shell to accept those reserves. Lots of enviromental issues prevent Shell from bringing Gas and Condendsate ashore though. West Ireland is a hotbed of protest. Ireland needs the cash though so everything will steamroller through that has potential. The punt must be because of Namibia though - an energy starved country that is currently reliant on South Africa. I will take some of this action.
Thanks
 
MiguelSoler
Posts: 1,616
Answer
Opinion:No Opinion
Price:34.50
patercake
13 Apr '12
There are a few of us who have been sitting on this stock for a year or two. The SP tumbled after negative market sentiment following 2 disappointing drilling results last year. There was also some protracted dealings to offload the SE Asia assets. Plus points here are that we are a producer (Kambuna field) and therefore making money. Our offset N Sea tax losses are also a plus. Columbus field sanction imminent (more production).
Cash and tax loss assets alone underpin present SP.

The big potential rockets though are our interests in Morocco, Namibia and Ireland.
Check out this presentation for good overview.http://www.serica-energy.com/uploads/media/Serica_Road_Show_Nov_2011_Final_Reduced.pdf

GL and DYOR
patercake
Posts: 2
Off Topic
Opinion:No Opinion
Price:34.50
buy or sell
13 Apr '12
ok - new to this - is this stock a buy or not? I am in the industry and recognise a few plus points here- whats the consensus?
MiguelSoler
Posts: 1,616
Observation
Opinion:No Opinion
Price:34.50
savo13
13 Apr '12
Evening mate, yes you are so right. Had my finger on the sell button at 46p a couple of weeks ago when she was really flying but continued patience required. Feeling good about this stock after last year's disappointments.
Savo13
Posts: 1,377
Off Topic
Opinion:No Opinion
Price:35.00
SQZ
13 Apr '12
She really can fly when shes ready.
willpetty
Posts: 1,336
Observation
Opinion:No Opinion
Price:33.50
news of drill timing
9 Apr '12
is the next thing to look out for i guess
Stockready
Posts: 9,552
Off Topic
Opinion:No Opinion
Price:33.00
stepptoe
5 Apr '12
Hi mate, thanks for ypur post, I always said if this goes above 33p then it will never reach to the state it was 3-4 months ago, and I still believe that, mm played this sharp, and for now I rather be out and time it right when floor stablished, so I will not touch it for now, and watch it closely. BP deal has transformed this company and its not truly reflect on current price.
I trow everything I had handy to EMED, some spare cash for Banks, and BEM , then that is it, waiting game

I just know market will transformed in Q3 of this year,

GL
stepptoe
Posts: 11,613
Off Topic
Opinion:No Opinion
Price:33.25
stockready
5 Apr '12
good timeing i sold yesterday no profit at one time paper profit 1500 fool i am waiting to see if it will drop whats ur take still waiting emed
Savo13
Posts: 1,377
Off Topic
Opinion:No Opinion
Price:32.25
cliffi
5 Apr '12
Its just the general markets imo, with us surfering a little more than most. Perhaps it was becuase many were on good profits and just did not want to lose them! GL buddy
cliffi
Posts: 129
Question
Opinion:No Opinion
Price:31.50
The drop
4 Apr '12
Anyone have any idea why such a drastic drop here? I can't find any news. Have topped up though!!!!



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