Member Info for Alavib

I don’t know if any of you long timers still under water have seen the news in the Energy voice today

It is reported that PFC and Wood have secured a 4 billion$ gas project with ADNAC in AD

If wood can confirm this via a RNS and specify what is their share of this huge award then this could well be a game changer in the TO

If Wood are still able to secure Multi Billion $ projects then why would they accept such a pathetic low ball offer from SID ? Makes one wonder

Personally I think the markets have finally woken up post the update recently, which outlined far better production output and also move into the main market, and firm confirmation that shareholders return will be maintained in view of anticipated FC post June production resumption

By this update the company gave the most clear indication that not only there will be much higher daily production which in turn will lead to more FC on the balance sheets which in turn should make the continuous shareholder return more sustainable but by moving into the main market and hopefully FT 350 level would encourage many II’s to invest in SQZ if not for share price growth but for 12/13% yield which is now almost guaranteed to be maintained

One must not forget that these II’s investment for long term return as they mostly invest pension monies so such high yield when maintained is the best way they can show good return on pension funds which they manage

And now is the best time to pile in before the move to the main market which at current price given the % yield is a steal and will ensure massive long term return on their investment

SQZ true EV is much more than the current SP

Good luck all

Thriller

You invest in SQZ for two very important reasons firstly as a solid income share where you get decent Divi twice a year based on the current SP somewhere around 13% which by far beats the bank savings rates and Serica have proven track record of maintaining capital returns to their shareholders

Secondly, the current SP is by far the lows in terms of what SQZ true market value should be and the company’s EV is as forecast by a few brokers nested to 270-280P so there is a chance of getting the decent divi and if you remain patient to double your money in 18-24 months also, the prospects for Serica to substantially increase production specially given recent massive successes they have had with their newly drilled wells is huge and despite the fall in OP the company is still projected to generate over £500 million in free cash in the next two to three years so that will mean even better return in form of twice yearly divi

Still you need your own research good luck

EPL was introduced by shear public pressure on Tories when oil price was at 120$, no way such a punitive levy was ever going to be justified or morally impossible at oil price now 50% lower and cost of productions raising

So this government just kept what tories had imposed when there may have been some justification to do so

But there absolutely no justification to such levy at oil prices at current level, but this government sees the NS oil producers as some kind of cash cow and see no reason to stop milking and in doing so are destroying a very fabric of such critical industry which helps with nation’s energy security

The NS oil companies have a moral duty to their shareholders in particular and to the nation in general to resist this totally unacceptable levy and they must join hands and force this government to rethink the charge or at the very list to reduce it in line with declining oil prices I hope there is enough understanding in this bunch to do it

This president of USA is a real estate dealer , he knows nothing about oil and gas industry! He kept talking about during his election campaigns that he will bring the oil prices down which thanks to his other antics it seems that had happened but nobody had told him the Frackers need oil at above 70$ to make it economical to drill

So his moto drill bay drill is out of the window big time as oil has hit 60$ now and with that a lot of large oil companies in US are seeing their profits well down thanks to this president’s lack of understanding the oil business

No company in their right mind will invest in drilling or Fracking knowing they will lose money

Remember banks in US had to write off over 500 billion $ in secured on fracking when the oil price dropped so low that a lot of these companies which had borrowed a lot started losing money big time and simple shut down and handed the keys to the lending banks with worthless assets

This president’s lack of oil business understanding will hurt a lot of blue chip oil producers in US this president’ only cares about the price of fuel at the gas stations what an idiot

Judging by the 7 million signatures of people supporting the latest public opinion poll on holding an early GE , it shows how the Brits are so disenchanted and totally disheartened by this government’s actions so far

And how on earth this government can still justify the EPL on NS oil and gas companies given how far the oil prices have dropped

The EPL was introduced some would say with justification when the oil price was 120$ those heady days are long gone and yet this government has even increased the levy to 38%!!!

Only in UK the government punishes the nation’s energy security providers nowhere else on this earth this ever happens

We need a government that cares and supports oil and gas enterprises as UK relies on such companies which provide energy security for the Nation

SJM

I totally agree with your statement, this board rejects an offer of 230p from Sid only 12 months ago on the basis that that offer substantially under valued the company , and here we are the useless bunch are now saying they would recommend the 35P if it became firm!!!

Are these people real? The FCA should be investigating this bunch and they should all be barred ever from holding public company office on the basis of total incompetence

I think the cream for this bunch who care not a bit about the shareholders is the 450 million pounds which Sid have indicated that they will inject into company’s account, so this along with back deals will mean this useless bunch get to keep their unjustified jobs and who knows maybe even with better pay deal

There is no justification to reject 230 a year ago and then recommend 35 P as fair offer!!!

This is a criminal act and all shareholders whether Pi or II should totally reject this offer

I personally rather see a Wood standing on its own with refinancing if necessary than give the Sid the company on a silver plate for virtually nothing

And Market agreed as the SP did not hold the initial 14% rise

Something has spooked this market, SQZ was not the only oily down so much also down the same HBR GKP ENQ ETC

So the drop is across the board what with all indexes showing massive red

Thx to good old Donald, but this is a typical overreaction by the markets

Tomorrow and next week thing will go north again

So I for one had sold 7500 at 144 bought back at 134 with the 10P divi also coming up

So stay calm and see what happens with the RTO

Cheers

People just don’t understand the Wood’s business model, this is a top rated oil and gas service and engineering company doing business all over the globe

This is not a one country business activity it’s truly global

Right now there are not that many such companies which have a multi talented staff of 40,000 remain in operation and in that wood remains a unique service and engineering business in a very cash generating oil and gas enterprises

So no way the ii’s holding 80% of the stock would agree to a low ball offer, remember they rejected 230p back in last May

So all this talk of Sidara can put in a bid of 50-60P and the board will accept is is just hot air and pipe dream

Wood is worth more and much more

If they don’t put out a decent enough offer on the table no worries, wood will Carry on will sort the finances and clean up the accounts and in 18/24 months will be cash generating positive and will go back to good old days where the shares were trading at 550P

So forget about the current market tricks keeping the SP where it is if you are patient investor and have spare cash it’s the best opportunity to buy and give it a medium time scale for the business Turn Around and will see how wrong this market is and I am sure Sidara know that too

GLA LTH’s

Well, well once again this market did not fail to surprise here we have a company which despite the outcome of the review is going on with wining more and more new profitable contracts and are in a bid process by a very wealthy third party organization which only 6 months ago had a 230P bid rejected by Wood as it was thought the bid very undervalued the business by a large margin

So along comes Mr Market and using a very negative RNS which the company only a few months ago specified that the review will have no material effect on the financials of the company, and give a huge shake to the SP Tree scaring so many traders and not real investors to dump shares at a loss

How are these people even know anything about the nature of Wood’s business

This is a truly international business with over 40000 highly skilled workforce doing excellent job with most technically challenging projects and an tender book of over 6 Billion dollars in the pipeline

So let these weak holders who are only here for 15-20% gain to leave the room and real investors who are not here for quick gain to remain on board and become real gainers when the company is turned around and who knows may even reinstate the old divi once the dust is cleared and there is sunshine ahead

Not to mention the possible bid which anything below 100P will be very justifiably rejected

So let Mr market which kicked the tree so hard today have their day but the real value of this gem of a oil and gas services company will resurface very soon and those who got scared in selling today will have to jump in at much higher price if they still want in

GL to all LTH’s

Todays NRS could be a little trick by the company to keep the SP down, as higher SP for a company trying a RTO is not good

There are many tricks in the business world and one must be very weary of these tricks

ENQ would much rather the SQZ SP was 120 than 140

This way any conversion would benefit their SH’s combined company’s entitlement

I am sure both companies were watching the SQZ SP moving north almost on daily basis and that did not suite either company for the upcoming meager

So I wouldn’t be too worried about Divi that is safe

Beside the meager if it happens would result in SQZ returning money in the bank to its SHAREHOLDERS and that could be more than the 14P expected in May

GLA

Thx for the info, I bought a small amount as I really like this company and have traded them a few times before and collected a few divi also but this time I am going long as like many here also this this stock is massively undervalued and that is cause of where they are based and lack of pipeline and reliance on river barges which can be affected by low water levels during the dry season

So I am sure the management is well aware of this handicap and in time they will address the issue of a reliable and secure pipeline

Sorry to ask, but what is the OFAC license? I know it stands for office of foreign assets control

But what does this have to do with Serica ?

Is it cause Serica have an Iranian investment which was first done by the Shah of Iran some 50 years ago?

Or is there other reasons

Can someone please explain

Much appreciated

Cheers

Can anyone please tell me what is the latest date when one can buy PTAL to be eligible for the quarterly Divi?

I know the ex-Divi date is Feb 27 so what is the qualifying date?

Cheers

I worked in oil and gas projects in Kazakhstan and there we placed many profitable orders with WG subsidiary called PSN which they bought out in early 2000, this subsidiary was so profitable that they literally named their contracts price as they had expertise in many aspects of the O&G projects that no other locally based company could match

So you see there were many profitable projects executed by PSN, but moving to green energy and concerns about global warming has dampened a lot of what otherwise would have been new oil and gas projects start up, so the rendering environment has become very comparative

Therefore in order to secure major works the players have had to slash margins which in a very risky major project is vey concerning the company must make sure they know the tenders very well that they can A, make no loss and B, they can make money on claims for design changes which always occur in such projects

The companies which are masters in claims are the ones coming out of these hugely costly projects with decent profit

Case example is a company called CCC which is practically a Palestinian company run from Greece

Sham, you are nothing but a time water coming here with your poor knowledge of this company, just look at yesterday’s RNS about 120M$ contract extension by Shell, do you think a company as large and much more knowledgeable than you ever be would have placed that contract extension if what you spit out was correct

People like you are poison and should be banned from this forum

Like the other guy said let’s see what happens in the next 12-18 months time and in the meantime I suggest you keep taking your tablets as it seems clear that you are not well!!

Surely the Dana the owner of the FPSO have to be liable for any production disruption due to unforeseen technical reasons, annual or biannual maintenance is one thing but to have mechanical parts busted is another and Serica must knock the loss in production out of their bill, as this is now getting beyond joke first it was compressors which caused so much production delay and now this causing almost half a million production loss between now and late March , I’d like to know what is the basis of the contract between Serica and Dana where would the owner of FPSO will be liable for loss is production

Surely this must be specified in the contract

I think it is so stupid and down right idiotic to raise such a small amount at such a massive discount to the SP

70K wouldn’t even cover the 6 months salary of the CEO let alone to help with anything else

We must be so out of our mind to invest in such a low quality low ambition company

Wa the 70K worth it to cause 34% drop in the SP?

I just can’t understand the market reaction to this fantastic transaction, even with 2 mil loan pay back POW will end up with almost 8M in cash and the balance of the remaining shares as of today is worth almost another 8M that is 16M in total

And the company’s MC just under 18M!!!, meaning the market is pricing all other POW’s mined and assets at just 2M which is not only daft but down right stupid

The company should be valued at least 4 times the current MC, and with only very small no of shares in issue any upside in future earnings must have a huge effect in PE

This market just has no respect for junior mining companies and this will change soon

GLA

Hi all long suffering LTSH’s

Does anyone know the reason for over 10% rise today?

Has something significant leaked ? Or is this just another P&D which seems to be happening quite a lot with these smashed small caps ?

If anyone has any info please share

Thx