Member Info for Maverick7

I find it really odd that the share price isn’t a lot higher, market cap still very low for a company about to go into production. Some high profile investors as well like Andrew Austin if he is still holding.

It’s good that they are now drumming up interest by doing some PR and they are active on X, however i think the market wants to see what the revenues will be like once production starts. Revenue production will be the key driver. If its all good then it will be a multi bagger from here.

I see Ithaca have announced a possible merger with ENI today

https://www.lse.co.uk/rns/exclusivity-agreement-with-eni-spas-uk-business-71us2flykg4ddv8.html

Final results end of April, so hopefully news on production ahead of that

One of the slides in Gills presentation this week suggested drilling in South Africa and Guyana in Q1 & Q2 2025, so if all goes to plan then its not too far away. We should get news ahead of that for any farm outs for Guyana and Namibia

It’s (North Sea oil) being used a political weapon and the tories are running scared of labour scoring cheap electoral points. Reckon that after the election if the tories miraculously win they will come to their senses - we will see

Mind blowing tax rate at HBR of 95%, however atleast they are returning significant amounts to shareholders with dividends and buy backs, from their end of year financials RNS:

§ Profit before tax of $0.6 billion (2022: $2.5 billion); profit after tax of $32 million (2022: $8 million) reflecting an effective tax rate of 95% (2022: 100%)

§ Free cash flow (post-tax, pre-distributions) of $1.0 billion (2022: $2.1 billion)

§ Returned $249[2] million through share buybacks in addition to the $200 million annual dividend, resulting in $1 billion of shareholder distributions since becoming a public company in April 2021

Yes, the only reason the share price is down post farm out is that there is no definitive drilling start date, as soon as this is confirmed we are on our way, good time to start building a position

As far as i can see there is no confirmation on drilling timescales, hence muted reaction so far

Lol, its in the title/ subject of the post

And then buy

Yes it should be closer to £35. However, it’s the typical market reaction with selling pre news these days. Results should out perform guidance, but what will the market reaction be on the 6th March. I will be buying up on any weakness

Looks like the sell off pre news

Institutions controlling the share price direction

It’s no coincidence that all the North Sea oil and gas stocks are “pricing a doomsday scenario”. The latter is the incoming General Election, who would hold these stocks as we approach. Labour win will see another step change downwards imho. The likes of HBR, SQZ all generating cash for HMG.

Usually a buy recommendation in IC causes a short lived bounce, but its had no impact to the SQZ share price, just continues its decline

What’s the point of a dividend if you are seeing your capital being eroded by more than the dividend payment - sorrry but that just doesn’t make sense

I guess the KIST shareprice is more impacted by any negative news, the number of shares in circulation is a large magnitude smaller comapred to SQZ. Some of the acqusitions havent quite delivered for one reason or another. Also surprised that KIST havent diversified away from North Sea and Norway - the main critism of SQZ

You cant make it up

SQZ net cash expectations substantially reduced by their house broker - SQZ just didnt make this so obvious in the OPs update, but they didnt hedge, oil and gas prices are down and production isnt increasing

Not long to go to the trading update, i would expect a progressive divdend and out performance of their targets. Cash build will improve for 2024 with the investment in new shops and more out of shop deliveries, Inflationary pressure should also ease which should improve the EBIT.

Will this be a sell on news, or will it surprise to the upside?

What is keeping investors still holding this stock? Once it broke 200p again, that was it for me, SOLD the lot, i made a promise to myself that i wouldnt hold for any election. SQZ just isnt investible, for so many reasons:

- poor management

- Labour threat

-gas prices going down

-production targets are lower than expected

-is the dividend safe?

- EPL is here to stay

- Oil and Gas sentiment isnt improving

-lot of the big players are exiting the North Sea for a reason, but yet these numpties its still the golden goose

-there are so many other better options - not necessarily in the energy space

The only positive here is that continued price falls makes it a bid target, thats the only positive i see, oh yes and Mitch leaving, lol. I bet Mitch doesnt like the fact that he is poorer now with his loss on his "trade"

sorry i am being negative, ive been here in the 5p days but the downtrend is there for a reason and sometimes you just got to press the sell button,