Member Info for DennisThePennis

OHD, agreed, but they have been taking a heck of a lot of time. Strategic acquisitions have been talked about for years. Tailwind has been the only one so far and the jury's still out on that. Most people posting here are negative about it and share price movement so far supports this negativity. Hoping there's a genuinely accretive deal in the pipeline.

If shareholder return doesn't reflect the excellent business results being reported, the BoD should correct that by issuing a special dividend.

PE ratio 3.16. Div yield 8.28%. FCF yield 43% and growing…

And still the SP tumbles.

This government doesn't have an industrial strategy and nor will the next one.

Jobs, energy security and our economy will be sacrificed at the alter of net zero.

Just look at how this government abandoned the North Sea Transition Deal as soon as it became slightly inconvenient. Absolutely shameless.

They're not acting in the best interests of the people of this country, whether as employees, business owners or citizens. They're only interested in getting likes on Twitter from the green hair brigade.

Rant over.

What's a realistic floor for this share? Pre-Tailwind, our cash almost reached our mcap.

The problem with Starmer and the rest of them is that the make woolly promises without thinking about any of the inconvenient details.

Companies like Serica can't rely on politicians exercising any common sense - indeed we can assume the opposite based on recent history - and they need to take matters into their own hands, à la Harbour.

Unfortunately I don't see any evidence of Serica doing anything proactive to address risks. I'm sure MF is talking to politicians, just like all industry leaders, but actions speak louder than words.

SQZ is still my biggest single holding, and fundamentally I think the company is still in good shape with decent prospects, but if I don't see any signs of business leadership soon I'm going to put my money elsewhere.

These days, when oil and gas is down, SQZ is down. When oil and gas is up, SQZ is down. At least it's consistent.

Still waiting for that accretion.

You can’t teach an old dog new tricks.

HBR has continually expanded over the past 8 years. Its growth has been rapid and transformational.

Since BKR in 2018, SQZ’s growth has been pedestrian. It’s still a healthy business but many opportunities have been missed. Hoping for something more inspiring in 2024.

Truly dire.

On the other BB, someone pointed out that in this period in 2023 SQZ had net cash of more than 210p per share (today's share price).

Anyone know the current position on this?

Agreed upomega - for every step forward, it's two steps back.

I'm hoping HBR have SQZ in their sights.

I heard on the radio this morning that lunchtime today (4th Jan) marks the point at which many FTSE-100 CEOs have earned the same as an average employee in their company for the entire year.

It's not a bad package for Mitch but he's not quite in that league yet. It will probably take him until next Friday.

I assume MF and other executives get free shares so don't need to buy any. It would be good if some of the NEDs occasionally buy shares.

Well done guys.

With O&G, I put all my eggs in one basket, thinking SQZ had the most potential for rapid growth.

Still keeping my fingers crossed something better than TW is on the horizon.

Stay invested for 8 years and you might not lose any money.

Not exactly a compelling investment case.

Today we lost more in 1 day than we earned from the dividend.

I've stayed invested here due to the continually upbeat rhetoric from Mitch Flegg with promises about growth and accretion. Hopefully he'll deliver at some point before he retires.

Key lesson: Always check director buys/holdings and never trust a BoD that doesn’t have skin in the game.

Analysts can say what they like but the market doesn't seem to agree. Not long ago, analysts were forecasting a sustained rally in gas prices.

All the stars are aligning. Reducing global demand, increasing production, a transition away from fossil fuels, and a government in waiting that hates dirty, greedy oil and gas companies. In reality, not a lot will change for decades, but market sentiment is likely to stay negative for quite a while.

They should certainly move away from AIM.

We’ve seen a 25% drop in share price since the Tailwind deal was signed and our shareholding was diluted. Hopefully the accretion we were promised will start to kick in soon.

NewKOTB, you're probably right about Mercuria. I’m sure they thoroughly considered all scenarios before making their SQZ investment decision.

Will Labour win the 2024 GE? Almost certainly.

Will they withdraw the investment allowance? They say they will but they say a lot of things for PR purposes. Once the full consequences are understood, I’m not so sure they will actually go through with it.

At present it’s academic, and unless a mega deal is announced I think the ongoing uncertainty and risk will continue to suppress our share price.

To counter the offensive from the BBC and similar organisations, the industry needs to improve public awareness of why NS oil and gas is important.

Yep - Serica shares are cheap. We've been hearing this for a while. And the great thing is, they get cheaper all the time.

So Serica might be picking up i3e's UK interests.

Not sure if that's good or bad. Under normal circumstances it might be positive but things are hardly normal at present.

Our share price is dropping but that's not unusual there days.