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/
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
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
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. ”