Member Info for FlyingF

This is what happens when you sit back on your laurels for 5 years after the BKR deal . Kist should be sent packing but will it tempt another bidder who will get us on the cheap? We should be double the size now and double the price !

Jefferies cuts Serica Energy price target to 465 (475) pence - 'buy'
Can live with that I suppose....

Agree , bigger dividends rather than share buy backs which would waste of money IMV, however the real SP mover will be a big acquisition , pretty sure AA at KIST would one done if he ran SQZ !

Likewise still fully invested . Everyone doing deals over the last few years it seems apart from SQ !!
If they pulled a deal off to double the size of the company as they claim to be looking for , and then moved to the main market rather than banging on about IHT , I reckon there would be plenty of takers for the Hardy shares or a good part of them !

Cant see any approach till NE drill results IMO , which if successful should see a good addition to reserves. Maybe £2 billion/£7 a share achievable after that !
Fingers crossed anyway ...

Nail on the head there Delta could'nt agreed more , what big tech have got away with over many years is an outrage .

Agree its not good which ever way you cut it , he was however predicting a £10 SP with a successful Eigg drill so I just wonder where he sees it now.

I note Alex Stahel commented that damage to SQZ NAV would be significant after the WT but havent seen anything further from him , anyone else seen anything?

Well we an RNS at least ..... :)

Agree with comments made on this thread and just to add if they do ever intend moving to the main market (which i'm beginning to doubt), in the past ive seen aggressive growth companies move to main market and do scrip issues because institutions have requested more liquidity in the share price . SQZ only have 270 mio shares in issue , not large for a company chasing a multi billion valuation with a large proportion tightly held ?
Either way I would rather have a dividend than a share buy back which will probably achieve little given the way this share price behaves.

Rex International Holding Ltd.’s 91.65% subsidiary, Lime Petroleum AS, agreed to acquire MOL Norge’s 40% interests in operated licenses PL820 S and PL 820 SB in the North Sea.
Not sure if this has already been seen by anyone, its from Oil Journal dated 19th April? no cash amount or production data mentioned.
The licenses—which contain the Iving and Evra oil and gas discoveries—lie on the Utsira High area adjacent to Vår Energy-operated Balder field, and just north of PL818 Orkja and PL867 Gjegnalunden in which Lime holds 30% and 20% non-operated interests, respectively.

Interesting, I see they are looking for $ 3 billion , might be beyond SQZ pockets but Shell looking to divest assets as well for up to $1 billion might be achievable ? Given these deals are based on long term averages I don't see the present elevated prices as an impossible barrier , plenty of deals seem to be getting done away from SQZ anyway..
Looking forward to the figures and the investor briefings planned after ....
GLA

Shell looking to divest gas assets , Clipper Hub and Alpha Leman for up to a $1 billion USD , not out of the question for SQZ these days ....

https://www.dailymail.co.uk/news/article-10685949/Energy-woes-tackled-extracting-drop-North-Sea-says-Jacob-Rees-Mogg.html?ito=facebook_share_article-top&fbclid=IwAR11cVXFqlHKsvYJLP-v-_Uji5Jd7b_2GNgrMS-0ETGvJMMtdq6hfnyVyWI#l1m253amzn7zsoq9da

Nothing goes up in a straight line I suppose, also EU claims to have enough gas for winter ....

I would agree we don't need to take over another company along with the management and all the politics , just the production and a few key staff would be fine, that could be very accretive .
As for £3.50 bid , that values us at £940 mio and by then we should have a least £350mio on the books and rising, so really only costing them £590mio or less ? Which they could claw back in what? given the high prices ,8/9 months? and then they are in for free!
I would hope it would tempt out one or two rival bids if it does happen.
In the meantime the headwinds may be an issue but they were present last year and we were still up 253% . Malcy thinks we could do it again so I hope hes right. Should be very interesting either way.
GLA.

STIFEL RAISES SERICA ENERGY PRICE TARGET TO 323 (318) PENCE - 'BUY'

Whether its profit taking or virtue signaling to the zero carbon loons it getting a bit irritating seeing the continuous seepage from institutions and its effect on the share price. As has been mentioned on here the company isn't helping much by keeping the cash info under wraps but still being on AIM is another issue. There must be any number of institutions willing to take up the divesting shares from our present ones but they cant invest on AIM. Maybe after SQZ gets the full BKR income ? Sooner the better IMO,
GLA

Great post NEWKB ! Lays bare how astonishingly undervalued SQZ really is . Could get very interesting from here !
GLA

I hope its that rather than a low bid , SQZ should double under its own steam from here anyway !
I did see a headline earlier along the lines of higher oil prices and most oilers seem to be higher so maybe just that.
#GLA