Member Info for Infor

387p

And that is SQZ is making hay whilst it can and this won't end any time soon...It is highly profitable and I believe will have to consider a merger with someone who can use it's cash to grow the business more effectively. Come on HBR do the right thing!

Hopefully all the doom mongers have had their say along with the sensationalising headlining press who are hell bent with bringing the country down and actually the pound has recovered, the biggest spend is on the cap which has been quickly forgotten and won't nearly be as big as they initially thought, and we can concentrate on the fundamentals.

Harbour approx. 50% gas, Serica approx. 85% gas. Gas = cash

Still a stronger demand for gas (winter coming) even if there was a recession, HBR and SQZ are still generating shed loads at 320p, huge amounts at 250p even.

Alone I reckon it will rise to 580+ within 4 months. SQZ are vulnerable I think to some sort of merger before too long. They'll need to think about how best to use their cash to grow the business and that's probably best with Harbour.

I think both HBR and SQZ have a long way to go before they are at their true market value. I will deffo be back in with HBR at some stage but I reckon SQZ currently have suffered the most recently even if the SP is more volatile.

It's mad. Couldn't see it breaking 500 so sold AT +30% after the divi payout and bought SQZ. Reckoned the rate of decline would be less with SQZ with good half yearlies and an improved interim divi. So far breaking even with SQZ but would have been +15% with HBR, overall at same level.

315p

Serica's business development focus seems ripe for a suitable merger:
The UKCS presents a wide range of merger and acquisition opportunities
• The recent imposition of the Energy Profits Levy (EPL) adds complexity to the UKCS M&A
market
• Recent commodity price volatility has added further uncertainty
• Despite these challenges, Serica continues to see significant opportunities to grow our UKCS portfolio through M&A
• Increasingly though, Serica sees the benefit of considering growth options outside of the UK and is already investigating non-UKCS M&A opportunities
• The Company employs a rigorous screening process, building on operating efficiencies, reducing costs, exploiting synergies, improving environmental performance and managing risk

Harbour and Serica merge would make perfect sense. They share projects anyway.

More likely to be Greenpeace (Ukrainian branch), any way 320p is good for us.

Gas back over 300p!

Brent and NG creeping back up again.

Looks like they need a lot of liquidity for their margin calls also 'Margin call requirement has exceeded £300 million
at times during 2022' :
'Selling future output ahead necessitates paying buyers a safety deposit or margin in case the producer cannot deliver. Once the supply is received, the producer gets their money back.'

I am quite happy to sit on these, collect another nice divi (thanks HBR), and see them grow. The SP is ridiculously low, and I am not sure how the board are going to argue against another approach at this rate.

Let's not forget these are H1 results. Average price of NG likely to be greater in H2 especially as we'll have 'the substantial benefits to be realised from the far larger volumes of unhedged gas sales should actual prices for those future periods match such forward pricing. The proportion of projected gas production hedged is estimated to fall close to 20% for 2H 2022 and to around 10% for 1H 2023.' I detect a note of caution in these results, positioning themselves for further merger/acquisition opportunities thus no buyback for now. Very encouraging none the less with 8p interim which I suppose is a step in the right direction for keeping onboard. However the market reaction thus far does not reflect the future potential and likely H2 results and why the SP is no way near the Kistos bid of 425p is a mystery. Maybe Mitch can enlighten us this afternoon.

We are going to have more cash than we're worth at this rate! farcical.

We're a gas producer. 287p is still a great price. SQZ is still a cash machine at 200p.

Market cap of £940m is way too low. Mitch do the business tomorrow and we'll see a recovery.