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Pretty sure i heard him say that the debt will have been repaid, so if no debt where does that take us
LOL, Market Makers saw an opportunity and took it, BP & SHEL are actually up. Good chance to top up here.
Anyone wanting to complain can do so at the AGM.
SQZ are making massive profits daily despite this extra tax.
Did Rishi also say that any re-investment of profits we can claim 90% back in tax, so does that mean we can claim back 90% of the drill cost for Eigg, even if its a failure, so win-win, if its a gusher we produce and pay 25% profits on the black gold and if its a failure, we claim back 90%, lol
The share price here is utter madness considering they pay a heft monthly dividend
US driving season almost upon us, another hot summer will have air con on maximum and WTI >Brent
https://www.cnbc.com/2022/05/17/natural-gas-prices-have-already-doubled-this-year-a-hot-summer-could-push-them-even-higher.html
Asides from Harbour energy, I3E hiked up its dividend by 25% today and they pay it monthly and note they say "minimum" dividend in 2022. Come on SQZ you need to follow suit:
"i3 is pleased to announce that due to the ongoing exceptional performance of its production assets, positive results from the initial phase of its 2022 development drilling programme, and continuing commodity price strength and the resultant positive impact on our cash flow projections, the Company has decided to increase the minimum dividend to be paid in 2022 by 25% from £11.827mm to £14.784mm. The increase will be implemented by increasing the monthly dividend."
Still we wait to find out who bought the 4.97% stake. They certainly created a buying opportunity. They can currently buy another 5% at a 7% discount to what they paid last week.
Some more big buys gone through. Feels like someone doesn’t want to reveal their hand just yet - only a matter of time
Lol Curator - “but we are hunting for bigger multiples (>5x)”
There is a 5 bagger right here, no need to go anywhere
Debt will be paid off, dividends paid out, no dilution, further acquisitions will come and oh i agree cash is king and there is plenty of cash being generated by KIST
It will be interesting to see if
1. Someone approached BP to sell its shares
2. Will all the 5% holding go to one institution
3. Is it an open offer so that multiple parties can buy the shares
4. What price will attract 5% of the company
Interesting development and did SQZ know, certainly Mitch didn’t give anything away, although there was a strong suggestion about M&A
is likely to come, what next - gas?
https://www.zerohedge.com/markets/full-embargo-russian-oil-would-send-brent-185bbl-jpmorgan
UK Natural Gas Futures for the summer Q2 & Q3 >220, Oil still over $105
No new hedges since June 2021
BKR 100% since Jan-22
BKR all paid for
Rising dividend
Daily revenue >£5m conservative - lol - is that correct!!!!!!
£6+ by the next interims if gas prices stay high
Are you lying LuckCounts
“Serica has downside protection for over 20% of projected gas volumes in 2022 but has added no gas price hedges since July 2021 due to extreme market volatility.”
Where did you get the increased hedge volumes for 2022, I’m all ears
https://twitter.com/burggrabenh/status/1512798212800790532?s=21&t=09DYx-9DiKqY7DVm_-j6Mg
Looks like Serica will be arranging some forthcoming investor sessions so sign up. Wonder what they have lined up
https://twitter.com/sericaenergyplc/status/1512454119478415372?s=21&t=oZDcW_QE7n_TlYrJKjFk_g