Member Info for Maverick7

Don’t you remember the 2019 HPHT Rowallen drill. It wasn’t that long ago. The “market” insiders knew the drill results well before us PIs, the share price went down from around 130p to 90p before the drill result was publicised. The same applies to the North Eigg drill, we will be the last to know, I can’t see this being kept under tight control. As soon as there is any whiff of “leaked” news, the share price will be quick to respond

Load of *******s Rookie, what’s in it for government to restrict travel for the millions, depriving them and their economies of millions in trade and tourism and drive countries to recession, enough of this rhetoric of less freedom
The lockdowns weren’t lies, Covid happened for gods sake

“ So inmv the more cash Serica can build up the better. Then they can acquire asset's when the over inflated market adjusts inmv“

That’s if the UK government doesn’t steal the cash first

debt will or may dissapear in the near future, dutch TTF is way higher than NBP so KIST throwing off tonnes of cash

management team at KIST a lot better in my opinion and the market agrees

Ok Plan A didnt work, but whats Plan B. Does AA have another acquisition in mind, unless the share price is just reacting to the crazy NBP & TTF gas prices, there does appear to be something stirring.
Possible targets IGAS, IOG, I3E.

The labour government will take all the money from oil and gas companies if they came to power, best to return the cash to shareholders asap before the government are pressured to increase the WFT.
Or better still, the government can take my shares for 100% premium after SQZ has paid out a special dividend

Sounds like AA121 is just another serial loser, probably been watching for a while and now the train is leaving the station thinks he can lower the price

There will be a fund raise probably at 20p

IOG have significant debt but should be ramping up their production over the coming months

KIST will also have to pay the WFT for their North Sea Total asset, so that doesn’t fully explain why KIST is up and SQZ is down today

SQZ should pay a "special dividend" whilst they can, otherwise the UK government will take it all

so much for KIST falling more on this failed merger!!
Looks like AA has a plan B but it obviuosly doesnt include SQZ

interesting comment from SQZ last night, although we have heard this many times before. However, the line that stuck out to me was "diversify its production portfolio"
Do they mean gas in a different geographical region or a greater mix of OIL & gas?
Also interesting that neither KIST or SQZ have fallen as much as i had anticapated but NewKTOB has summed up the reasons for that

"Serica will continue to proactively seek opportunities to utilise its strong balance sheet and operating capability to invest in its existing assets and diversify its production portfolio through mergers and acquisitions. The Serica board will maintain a balanced approach to deploying capital, including further capital returns, while factoring in the requirements for the ongoing business and opportunities for profitable asset and corporate deals."

Good luck with that “decent price” tomorrow Cinch, reckon we open up 15-20% down, back to sub 260p

Simple answer Sasa, there is money to be made, that’s why we are all still here. board done a great job with BKR but they haven’t shown any ambition of late and have been taken by surprise by the KIST offer - the worse thing is that they never saw it coming - everyone else did

Yes the SQZ BOD are a disgrace, they want to pay themselves big fat salaries and LTIP, as they are not major shareholders (apart from ACW) they are not interested in paying shareholders a “special dividend”. Don’t think they can stomach seeing all that cash going to shareholders.
I wouldn’t be surprised if they opted for a share buy back - now that really would be a disgrace

Pri. K

the merged company?
Some big players buying the shares, big players like Goldman already bought in pre announcement.
Just musing whilst we wait

sasa, quite agree that both share prices will be hammered in the event of no merger and you would think that KIST would fall further, however, I wouldn’t put it past the market makers to punish SQZ even more

Surely the strategy would be to sell a hefty percentage of KIST & SQZ and wait to buy a lot lower in both

All that Money KIST is making - time AA returned some of it to us Shareholders as a "special dividend" - tongue emoji, lol