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lol....indeed, however, it's all about the forward look from here and thankfully SQZ have oil now :-)
I am afraid oil is not the only thing reducing at moment. Have you viwed the shate price of late.
https://twitter.com/surprised_trade/status/1643146000368914435
'Oil supply will continue to reduce, oil prices will eventually hit all time highs' OPEC+ Output Cut Set to Wipe Out This Quarters Oil Surplus
https://www.bloomberg.com/news/articles/2023-04-03/opec-wants-to-make-oil-speculators-think-twice-with-shock-cut?sref=f2E6A62x
OPEC+ Wants to Make Oil Speculators Think Twice With Shock Cut
Saudis intend to inflict pain on short-sellers of crude oil
Thats these ara,,,bs and not the bod . Maybe he had a premanition of forthcoming current events, but it certaintly does not look good atm alround inmv.As we all know history to a degree has a nasty habit of repeating it self.inmho
Not really. As my grandad used to say when he was overseas in the desert during the second world war. They cannot be trusted and will turn sides in a flash.
Somewhat Ironic that the Saudies are a better friend to SQZ shareholders than the BOD.
The one bad point about the Oil price is that is another excuse for the government to leave the WHT as it is.
The weirdest transaction of the day ....so far !
Date Time Price Currency Volume TradeValue Tradetype Tradeflag VenueOfPublication MIC
03.04.23 08:28:21 233.80 GBX 1 3.27 Off-Book P ECEU SINT
Bit of a gap up this morning ... :-(
aimo & dyor
Serica up over 5% ! Havent seen that in a while! Tracking oil price of course, but nice to see.
Maybe taking on an oil producer & focusing less on mainly historic gas production wasn’t such s bad idea after all when you look at gas prices re oil prices especially after the Saudis announcement on cutting oil production, crude is predicted to open up $q10 tomorrow, SQZ should be blue tomorrow & some!
https://twitter.com/surprised_trade/status/1642547391080419331
Oil price being defended....
https://www.zerohedge.com/commodities/saudi-arabia-makes-voluntary-cut-500000-barrels-day-may
https://twitter.com/surprised_trade/status/1642436653544353792
'The oil and gas wft is being redrawn less than a year after it came in shows how flawed it was.
The government is still haggling over the windfall tax with operators, rejiging the tax with price floors.
Harbour have warned they will cut UK investment'
https://www.thetimes.co.uk/article/never-mind-inflation-reduction-we-need-a-tax-simplification-act-xrfz9jhk8
Not sure who has won anything yet upomega? Please elaborate. I thought you were not able to come to the City for a while? Very happy to meet up with any that can…
Also
I still occasionally go to the city fwiw.
So very happy to meet up
I agree with upomega. Oik as tarmwr is a test .
Long live Benjamin hill.f...i off wokes. Nigg. Kezbo and things that fink lth have not been robbed.
NormaStits
Let's just say you may have won the battle.
Certainly not the war as far as I am concerned.
Idiotic situation here. As Arnie said, I'll be back
That's good to know NormaStits. Let's also hope that it is marriage made in heaven.
However i thought that with the coalition between Concervatives and Lib Dems,but look what happened there. Hopefully though this will be a blessed marriage.
First chance to see the balance sheet, financials, dividend, ‘sentiments’, etc. That’s all. This is all price-sensitive stuff, so hasn’t been released yet. Why would it have been? Nobody mentioned a box Upomega. Box irrelevant now. Whatever was or wasn’t in that box is now simply Serica’s finances now that the marriage has started…
As posted by a number of posters on hear the results are due mid April. What intrigues me is why some posters feel that there will be a pleasant surprise (worse still a rig shut down). What exactly. Results are results. If anything else is price sensitive then it should have already been rns.sd . As for this so called box. All that springs to mind for me is black beards hidden treasure and we all know what happened to him.
Right you are BB. Maybe production will surprise to the upside…but fool’s game to predict that as so many factors can disrupt it.
Get the popcorn ready for the mid April release. I am intrigued by what will be revealed, but reserved as that release only represents the starter’s gun not the finishing line.
ATB.
Fair point Norma
My main dig was at the joke post by troubled seller. Nearly doubled !!!
He clearly fell for the "bent " metrics our board provided showing production and reserves per share as improving pre and post deal.
Just an oversight that 50% of the consideration was cash and a debt transfer.
Whatto Banbury. You cannot seriously be pointing out the 1 day relative movement of gas vs oil? C’mon now. I know we take different lenses on the transaction, but that’s a random observation. Shall we look at the 6 month relative chart on those two?
The website looks to have had a revamp following the acquisition of the tailwind assets.
Looks much brighter than the previous incarnation.
The Board and Senior Management look to have had new photos taken.
The 'old' Serica management, with all due respect, now looks relatively old in comparison to the Tailwind and Mercuria management.
How long before Steve Edwards is CEO & Jacques Tohme CFO?
Robert Lawson/Guillame Vermesch Non Executive Chair?
The acquisition/merger is done, despite my objections, and I admire what they have achieved for Tailwind and Mercuria.
I'm still sat on the sidelines watching but feel that the best chance for growth is now in the hands of the Tailwind/Mercuria management.
With an 18 month lock in, that might present opportunities for those wanting out to do so at a profit.
Troubled - near doubled production - nonsense.
Far closer to 60% increase at a ridiculous price.
Gas going up 10% today. Oil less so.
Poor deal
Agree with you TerrM1 as i am in a similar postion to yourself. This whole situation is fasical.As i posted before tho bod have coveniently brushed aside lth and have blatantly lied to lth inmv. Very easy to reinvent the company based on lies inmv. Oh well lets start again. I wonder what price the next options will be issued at. Hmm let me think 2.30
troubledseller
I am struggle to understand your analysis
1. The only ambition the BOD have is to keep their jobs as long as possible, if they believed in their strategy they would have bought shares. If the BOD had any regard for shareholder they would have negotiated with Kistos and now the shareholders would have been sitting on substantial profits not like myself substantial losses.
2. The cash pile should have been paid out in dividends as promised or invested outside of the UK. 90% of all NS produces are reducing investments in the UK before an even worse Labour government, either they are right or the BOD are right.
3. Swapping the cash pile for debt and assets valued much higher than current asset values makes no sense to me.
4. Who wants to be a serious NS producer now, virtually all other NS produces want out, they can see the writing on the wall.
5. There will be worse to come with Labour, they have stated this many times.
6. There is serious trusts with our new majority shareholder which have now stopped us getting a takeover bid, one of the best chances to increase value.
7. O&G price will probably rise but not much use if government takes virtually all of your profits. It will be far more profitable to extract it outside the UK and sell it to the UK. Labour have stated they will stop all new NS O&G developments.
8. The market takes a different view to you and can see no value in this reverse takeover.