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No other oil and gas companies down today

No other o&g companies have fallen today, so strange the Sqz sp for the last whole month

Any asset Serica wants to buy, just got a hell of a lot cheaper today

Some hysteria in these posts considering you’re invested in a debt free company sitting on £400m, calm down Sqz is solid af

Seen someone post saying the high commod prices makes a new asset purchase by Sqz less likely, I don’t think this alters likelihood at all as acquisitions all have contingent payment clauses bolted on atm to ensure sellers are rewarded if commod prices remain elevated for a period after deal completion

There appears to be no resistance at all in these drops

Agree on all points but Sqz is tanking due to windfall taxes and day ahead prices… yet Kist isn’t

Which is suggestive that the drop is not to do with either windfall taxes or day ahead gas prices

Wonder if Russia is imposing a windfall tax on its producers

Sqz, net cash, 85% gas, 100% U.K. NS = -25%
Kist, net debt, 100% gas, 50% U.K. NS = -0%

I take it nobody knows the day ahead price then lol

Do you have a link to the day ahead prices, I can only find the June contract

Yep same, and absolutely no reason for it

Certainly would do that’s why I’m here lol

Fwiw I don’t think the price action at Sqz has anything to do with gas prices and/or windfall tax, Kist has been unmoved in months whereas Sqz has lost 25% and they would also be moved by these issues

Something else going on here imo, either a distressed seller or something else, the cynic in me thinks it’s for somebody to get Sqz on the cheap, far too volatile - remember Sqz has 50% of its mcap in cash, if anything it should be less volatile than Kist (fyi I’m invested in both)

Does anyone have a link to the spot price i can’t find it

Must just be Sqz getting the windfall tax judging by the performance of other ns heavy o&g companies (iog excluded with their production issues)

I also see similarities with the drop in sp pattern and RRE’s takeover fwiw

Anyone have any theories why Sqz is volatile af whereas Kist doesn’t budge at all?

And yet kistos unmoved lol

It was just confirmation of BP’s sale lol

Has BP timed this for the current chaos Russia is causing in European gas markets for the most advantageous sale price?