Member Info for NewKOTB

JOG would suck all our cash and more ... JOG need a bigger player than SQZ to expedite production imo but then wtfdik.
JOG also needs to breakout of their rising channel for there to be legs in these Fleetwood Mac... 'Rumours'.

As for SQZ, think we can safely say we have earned our Water Safety 1 Award..... Roaring markets today, gas futures closed flat and NBP for October averaging a 176p/therm, little disappointing given macro environment atm but still ~300% that of NBP long term average.

aimo & dyor

How did that happen ..... UT's don't you luv 'em.

FTSE well up, DOW well up and US Tech well up .... all circa + 2%

Yet, DT after a reasonable start and held gains throughout the day, once US opened, yep, down we go ... ridiculous.

Clearly SF have yet to close out their shorts.

Think it's more a case of showing Mr Market Serica is now a grown-up company and no longer interested in the much less regulated 'Alternative Investment Market'. Naturally, various institutions, by default would become holders too, hard to say how many and if they would have a +ve impact on our SP. What are Mitch's et al reasons right now for remaining on AIM as it's their ambition ( as per latest's interview ) to move ... so why not get it done, unless plan is via backdoor (acquisition) !!

Then again, I also guess there are a few 'influencers' ( not social media type ) that for, lets say , personal 'issues' close to home, would rather we stay on AIM.... naming no names !

So where is the best place for Serica to be for benefit of the company ?

aimo & dyor

With reduction in hedging from Q3 to Q4, we gained 50,000 therms p/d (~862boepd / ~£100k p/d) at full NBP rate and our remaining hedging, revenue increased by ~15% in Q4 vs Q3 too.

aimo & dyor

"PE funds increase oil and gas asset acquisitions as £12bn is spent .....
Law firm Mayer Brown has said private equity funds have accelerated acquisitions of European oil & gas assets, with 16 deals worth £12 billion announced in the last year."

I would have thought PE's will continue to 'snap up' EU / UK O&G, esp with continued strong $

aimo & dyor

"SQZ is a prime example for FCF and cash ignorance by the market. Will it adjust? IDK. My concern remains that a disorderly market phase is upon us in Q1 2023. Time will tell..."

https://twitter.com/BurggrabenH/status/1576576980065333249

BBC reported on Friday that United Kingdom's Security Service, otherwise known as MI5, was hit by cyber-attacks this morning.

"The MI5 website has briefly and intermittently been hit by a denial-of-service [DoS] attacks... when someone bombarded the website with traffic to try to take it offline." the BBC anchor shared. The anchor further noted that "the group Russian anonymous claims that it's behind this attack."

BBC stated that the hackers "did not get inside the website or managed to deface it."

Perpetually falling since July .... amazing SP daily chart for a top FTSE company oscillate to such a degree. On the plus-side, wave 5, by ~2028 can see 800p/s, if we survive that long !!

Every week Cruusoe you have gone on about ML .... No guesses why !

Volatility of NBP DA appears to have evaporated in recent weeks ... very strange, have traders decided or been told to be more realistic and less maverick or even face face gov WFT, who knows reason/s behind this recent calm.... !!

NBP DA
Monday : 192p/therm
Tuesday : 190p/therm
Wednesday : 225p/therm
Thursday : 192p/therm
Today : 190p/therm

Week avg : 198p/therm

Q3 average (to-date) 283p/therm ($181boe) with Brent at average of $101 barrel
Q2 average 130p/therm
Q1 average 232p/therm

RNS : ".... early stage discussions took place with Thoma Bravo about a possible offer for the Company but an agreement could not be reached on the terms of a firm offer...."

Note, "agreement could not be reached on the terms of a firm offer.." for me, so either price and/or mgt structure could not be agreed .... nothing to say anything is 'fishy'.

When will SF et al close out their shorts ... maybe some today to improve their Q3 figures, whenever it is market will know and our SP will reverse very quickly ..... just a matter of when. Or maybe down to known leak prior to RNS of approach not unlike from 370p to 430p in 3 days then, whammmm TB RNS.

aimo & dyor

just hit top performing faller of FTSE 250 now ..... is there not a cyber war happening at this very moment.

Guess SF et al are still running the show.... wtf

After really shaky start early morning SP closed well up with both Brent and NBP doing well too. Noticeable SP uplift on US open and continued to climb during afternoon to +18p, closed up 16.5p.

NBP DA
Monday : 192p/therm
Tuesday : 190p/therm
Wednesday : 225p/therm

Also futures gained well and due to roll tomorrow :
Oct 321p/therm +25%
Nov 470p/therm +13%

aimo & dyor

"Norway will deploy its military to protect its oil and gas infrastructure against possible sabotage, the country's prime minister said on Wednesday.

Jonas Gahr Stoere told a news conference any possible attack would be "handled jointly" with allies.

This would likely mean Nato involvement, as Norway is a member of the Western defensive alliance.

The military support would include the Norwegian navy being deployed to protect offshore installations, and police could increase presence at facilities, he told reporters..."

"“We have a legal obligation to explore any such offers but if I were sat where Thoma Bravo is, I would be looking across at the UK thinking it’s a very cheap area to be able to come and potentially do some takeovers now,” she said....."

Very interesting comment by Poppy .... for me that reads, if TB et al want to come calling a deal can be made to work and not doubt others would think the same too ! Could be an interesting Q4 imo.

So begs the question, where's ours after great set of results yesterday, also btw, our SP has now given up all yesterdays gains and more !!! .. :-(

"Peel Hunt forecasts a full-year adjusted pretax profit of £770mn, double last year, and said the hedges rolling off would mean the company stays in a very strong position even if gas prices dip or production is below expectations. Buy..."

Wowwww, really, that's higher than I've estimated for full year !!!

https://www.investorschronicle.co.uk/news/2022/09/27/serica-energy-hits-super-profits-in-first-half/

and another late reported :
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
27-Sep-22 15:23:32 16.8598 200,000 Unknown* 16.60 16.80 33.72k

Yep, there they are, delayed trades :

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
27-Sep-22 15:24:26 16.7265 438,888 Unknown* 16.60 16.85 73.41k O
27-Sep-22 16:07:57 16.7861 221,460 Unknown* 16.60 16.85 37.17k