The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
And what if the value proposition doesnt work out, what if they dont hit pay dirt. They are probably banking on (gambling) that the share price will ramp up ahead of drilling and then they do a raise. Or they are incredibly confident of making a signficant disocvery and then they will raise
Problem is that if you dont have any skin (shares) in the game aka Mitch Flegg, hes interest are not aligned in getting the share price up, he just happy taking his salary whether its paid by SQZ or the UK government
good to see the share price going up though
Https://www.ft.com/content/407b834e-a503-4de9-acab-fcf88d76dbb3
Https://www.ft.com/content/407b834e-a503-4de9-acab-fcf88d76dbb3
Anyone know when the next dividend payment is due, is it likely around Oct-23
Can’t see Mercuria defending the share price via buybacks. They probably want the share price as low as possible to progress a cheap all share buyout.
Why waste the cash on buying more shares.
Until September there is no new news to prevent the usual summer drift
I am not so sure, this downward trend is rather worrying for a share that pays a handsome dividend, cutting the dividend will lead to a signficant fall in the share price, the 12 month chart looks pretty awful. As we head into the AGM this week, the share has continued its downtrend since last RNS in early June, its now at its lowest level in the last 12 months, is there something we dont know about
I don’t think we should be targeting any further North Sea assets whilst the EPL is still in place and the rhetoric from labour, Mitch has already indicated that they are looking at Overseas investments. As SQZ have mostly targeted producing assets, i can only think that it would be Canadian (they were previously listed on the TSX from memory) or USA assets?
I would like to see a merger or acquisition with i3E.
Oil hot spots in terms of exploration are Namibia and Guyana but I can’t see SQZ targeting these. They had previous experience in Indonesia so this may be a likely destination. I can’t see them targeting Africa either unless it’s Morocco aka Chariot.
They have a mountain of cash so lets see it being used more wisely this time!!!!
Interesting decision by opec+, why cut so much ?
- is demand falling
- are they losing market share to the ruskies in Asia so they need to reduce the amount they produce anyway
- cutting production could be seen as bearish by the market after an initial bullish rise
- if demand is truly rising you should be increasing production to keep oil in the $75-85 range
They wont remove the WFT - political suicide with a general election 12 moths away - this government is too weak
The only way they hit 500p is they make a major acquisition outside the North Sea which is immediately accretive
They have revoked some licences due to lack of progression - so they are saying pay the WFT and if you don’t invest and progress the licences we will take them off you - bunch of crooks
https://www.nstauthority.co.uk/news-publications/news/2023/licences-partially-revoked/