Serica Energy Share Price (SQZ)

Just caught up with the video of the Capital Markets day presentation and Q&A. Generally very professional and certainly a lot of detailed information presented in an understandable way. Excellent and bodes well imo.

Https://www.ii.co.uk/analysis-commentary/why-serica-energy-shares-are-tipped-rally-again-ii539259

The North Sea plans of FTSE 250-bound Serica Energy today led to sweetened price targets amid City enthusiasm over an “embarrassment of riches for future growth”.

The AIM-listed shares are up by 47% so far this year to 263.8p but Panmure Liberum and Berenberg see further to go after lifting their estimates to 353p and 365p respectively.

The upgrades follow Tuesday’s capital markets day, where Serica outlined an organic growth pipeline that it believes can sustain higher production levels into the next decade......

Peel Hunt target price is 363p. Here's a quote from the note: "Outlook and guidance. Serica guides FY26 production to significantly over

40Mboe/d (PHe: 46.3Mboe/d), with post-tax CFFO guided at $470–520m (PHe:

$483m). The company maintained all other guidance (PHe FY26: current capex

of $190m and opex of $27/boe), with net debt trending towards net cash by end-

June (PHe FY26: net cash of $34m). Elsewhere. Serica indicated that the AIM-to-

Main Market transition is on track for 3Q26 and the Catcher/Golden Eagle

acquisition is due to complete around mid-June. Importantly, Serica’s investment

programme is forecast to be more than covered by FCF, supporting production of

over 50Mboe/d into the next decade and sustainable shareholder returns. We

intend to update our forecasts, incorporating today’s CMD, in the short term"

I can't see the oil price coming down until Trump can swallow the fact that the US has lost the war with Iran. My understanding is that the price is only going to increase until he does as the shortage is increasing and stockpiles are being run down. Happy to hear any other views as I'm no expert on oil stocks.

Peel Hunt target price is 363p. Here's a quote from the note: "Outlook and guidance. Serica guides FY26 production to significantly over

40Mboe/d (PHe: 46.3Mboe/d), with post-tax CFFO guided at $470–520m (PHe:

$483m). The company maintained all other guidance (PHe FY26: current capex

of $190m and opex of $27/boe), with net debt trending towards net cash by end-

June (PHe FY26: net cash of $34m). Elsewhere. Serica indicated that the AIM-to-

Main Market transition is on track for 3Q26 and the Catcher/Golden Eagle

acquisition is due to complete around mid-June. Importantly, Serica’s investment

programme is forecast to be more than covered by FCF, supporting production of

over 50Mboe/d into the next decade and sustainable shareholder returns. We

intend to update our forecasts, incorporating today’s CMD, in the short term"

I can't see the oil price coming down until Trump can swallow the fact that the US has lost the war with Iran. My understanding is that the price is only going to increase until he does as the shortage is increasing and stockpiles are being run down. Happy to hear any other views as I'm no expert on oil stocks.

Here's a link:

Https://x.com/researchUSAI/status/2062396772371272006

"Berenberg raised its target price on Serica Energy to 365 pence, from 350 pence, signaling a more favorable near-term outlook for the company’s prospects and supporting expectations of improved shareholder value"