Member Info for Maverick7

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

Https://www.cityam.com/uks-largest-undeveloped-oilfield-set-to-be-approved-by-regulators-within-weeks/

Anyone able to interpret what they are trying to do - are they transferring funds from capital allocated to paying dividends to retained earnings

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

Probably traders buying ahead of dividend and oil looking to trade higher

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/

Wouldn’t pay too much attention to Goldman, best strategy is do the opposite to what they say - imho

thats the plan NewKTOB, tax the cr@p out of companies, drive them out of business and then the government nationalises this key industry and commodity
I see that Greenpeace has successfully challenged the UK government on awarding new oil and gas leases

Infor - submit the question at the investor meet company presentation on Monday - lets see if Mitch has the balls to select and answer the question

It’s always been risky investing in oil and gas for obvious reasons, but the government being influenced by Labours rhetoric has taken the risk to another level.
For me, it looks like Labour come into office in about 2 years so I intend to sell all oil and gas investments that are North Sea based in the next 12 months and see what happens

What you on about upomega “ Excellent new investment for new investors, but what about the rest of us??. Where is our return.”
Didn’t you and the rest of us by sub 10p, we have all made a handsome profit and more, i hope you sold some all the way up to 450p!!!
And surely, if it’s an excellent investment for new investors, old investors will be rewarded more so?
This game is all about crystallising profits, no point crying about missed opportunities

April fools day is gone - stop talking sh@te

Absolutely nuts
“ However, the UK Energy Profits Levy, which applies irrespective of actual or realised commodity prices, has disproportionately impacted the UK-focused independent oil and gas companies that are critical for domestic energy security. For Harbour, the UK's largest oil and gas producer, it has all but wiped out our profit for the year. This has driven us to reduce our UK investment and staffing levels. Given the fiscal instability and outlook for investment in the country, it has also reinforced our strategic goal to grow and diversify internationally. ”

Share price reaction on deal completion - You have got to factor in the proximity to year end financials, possible progressive dividend and the financials will be of the merged company with the higher exposure to oil price.

Don’t think warren Buffet strategy would work in the modern markets, was great in the old days but not now imho

Ithaca seem to be yielding a significant amount - double digits and growing production, Serica need to reward their shareholders with final results due in April

As outlined in the IPO Prospectus, Ithaca Energy expects to pay a total dividend for FY 2023 of $400 million[4], with an initial interim dividend payable in the first quarter of 2023. In line with that expectation, the Group is pleased to announce an initial interim dividend of $133 million, representing $0.1321 per ordinary share. The initial interim dividend will be paid on 9 March 2023 to shareholders on the share register on 24 February 2023. The initial interim dividend is expected to be followed by two further dividend payments relating to 2023, following the first half of the financial year and end of the financial year.

Nothing goes down this much without a reason, time for AA to let the market know

Is the recent drilling not been successful?

No surprise that the Ruskies are looking to target assets

https://www.ft.com/content/ec436b8f-d00f-4525-b6e0-174cc9abaea4