London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Oh, so sorry ... :-(
My mistake.
Have a good evening.
fwiw newkotb i said 130
lonestag,
Agree .... However as for Upomega's £1.20 .... well, they can go and whistle afaic, where as £1.50 would most probably get my vote atm.
Once R3 shows any sign of completing successfully, then all bets are off for the immediate future. So if a t/o is the hidden reason being our poor performance, then their hand will need to be shown, very, very soon.
aimo
For whatever reason, the oil and gas sector is not the flavour of the month. Like most sectors, it is a cyclical thing.
A similar example would be Parkmead who are currently mainly gas, although are intending eventually to move towards "greener" power. They are run by the major shareholder Tom Cross, who built up Dana Petroleum and famously sold in a tremendous deal to the Koreans. PMG incidentally will be the operator in a joint licence that we were awarded in the NS a couple of years ago. They too are producing profitably and Cross has a good reputation for building a company.
In the last two years or so since our SP was at it's peak, we have dipped approx a third. during that same period, PMG have dipped two thirds. To me that indicates that SQZ isn't viewed as negatively as some appear to believe. The cyclical wheel will eventually turn up for all oilies and I believe that we are better placed than most. Just check the drops of the majors and you can get an idea of the climate.
As always, patience is a virtue even though it is aggravating.
Days like these reminds me of days in Rockrose....and NewKOTB & others on this board will know what happened there.....this has all signals for buyout around £1.40-£1.50 range IMHO
Look around, if your in airlines, travel, cruises, retail, pubs etc can it be guaranteed any of these companies will be around when this mess is over?
They are taking debt on to survive, and most likely a fair percentage will fail even if it's years later due to the debt, shareholders wiped out only for the business to bought from the administrator's and start again aka Flybe yesterday.
Gas is a favoured fuel in this political carbon neutral madness scheme, it's a tax forget the bs about climate, SQZ 80% gas.
SQZ has no money worries gas will be in demand the fiasco from the national grid the other day proved that ......we can't guarantee there won't be possible power outages no wind, not enough sun light, all the coal plants moth balled or demolished for political reasons.
For whatsoever reason the market is not recognising the value here but at some point sentiment will change.
With reference to our press release of 25 February 2020, Awilco Drilling PLC is pleased to confirm that a contract has been signed with Serica Energy (UK) Limited for the provision of WilPhoenix for a one well workover on the Rhum field. The contract has an estimated duration of 70 days including preparatory works and will commence around 15 September 2020. WilPhoenix is expected to be available for future work from early December 2020.
WilPhoenix is one of Awilco Drilling’s two Enhanced Pacesetter semi-submersibles and is equipped for drilling in water depths up to 1,200 ft. Awilco Drilling also has two new build rigs on order of Moss CS60 ECO MW design equipped for drilling in harsh environments, and independent options for additional two rigs of the same design.
https://beta.riglynx.com/awilco-gets-contract-signed-for-the-wilphoenix
your right I was a little harsh.. I should have said uninspiring since the bkr deal. I fully understand that market conditions and events have been out of their control. However they should be singing from the roof tops in terms of how strong the company is together with the uplift in production during the next 18 months. Hence why I posted earlier that they need to do some sort of road show to attract new investors. I feel that a lot of potential investors are not aware of Serica. Greater awareness of Serica is now what is needed. inmv
“duff uninspiring company” - lol, you and some of us bought right down at pre 10p levels, this has been anything but uninspiring!! The whole sector is down - just look at BP & RDSB. BP has lost more than 100% and there’s further to fall - its not making a profit at $40 oil. Is SQZ down 100% - not yet!!
We have Rhum3, BKR and Colombus which will increase production by more than 50% in the next 15 months, hopefully they can pay a more regular dividend once production is up. Apart from Rhum3 there is no near term news and Rhum3 is min 3 months away until tangible news hence lack of interest and low volume. Plus we have BREXIT around the corner and US elections and people not prepared to take on risk. Just hope we don’t get taken out on the cheap at the £1-£1.20 levels
My view its deliberate and the company is behind it with one or more of the largest holders. Let them play their silly little games sooner or later this will be either taken over . Maybe even taken private . I'm not bothered and would definitely sell mine at 130. This is a duff uninspiring company that should not be listed inmv. Sector apart they are not delivering on shareholder holder anymore inmo. . As for the dividend. I would sooner give that up if they could do a share buy back and add some value. At least there would be decent volume for a change.
Flabby,
"will hold until at least beeakeven then will get greedy and hold to see it go back down again. And then repeat.."
LOL, if only my balls were made of crystal. I could spend many an hour polishing and gazing lovingly for a glimpse of the future and urging any sort of rise.
Mr Sheen anyone !
On a more serious note, once again our SP is failing to deliver ... VWMA100, now at 112p, is slowly being pegged back, is this the name of the game I ask myself ? SP down another 1.6p today.
atb
4%drop
Agree totally irrational
But the reality here is that the sp doesn’t reflect cash, potential or value. And it hasn’t for a long time
Not sure it ever will but will hold until at least beeakeven then will get greedy and hold to see it go back down again. And then repeat
Groundhog Day
Mind blowing when the likes of Cineworld, Easyjet, Carnival, Weatherspoon, Whitbread and Tui all well up today !!
Unreal !!! Just emphasizes to me how the markets are totally irrational.
atb
Once again, SP is reacting as per normal as of late ..... ridiculous atm.
Gas now higher than in January with futures looking even stronger atm.
Hopefully a bit of a reversal here now, steady rise to possible news and actual news to come
At least Gas futures are up. Sooner or later the share price will start to reflect this. Hopefully sooner.
Crap