Member Info for NewKOTB

"That's not good imho.."

Hence AA reputation as a "wide-boy" I guess !

https://www.urbandictionary.com/define.php?term=%5BWide%5D%20Boy

Be good to know what are your values on SQZ atm

Woohoooo, I would hope that is good news, do a complete review of assets and operations, just hope there is someone shouting about a quick win, billion $ sale opportunity by the name of ZIOP.

jaseham,

"i cannot see them being taken out (not for a significant premium) until they have more reserves booked..."

Question is how much are PRODUCING reserves worth now in the NS, (Significant percentage of SQZ are producing) and are the preferred transition fuel, gas.

Given we have an est 52mmboe remaining by end of 2020, plus our cash in the bank, even a conservative $7.50/barrel would value SQZ at £503m, or £1.88p/s, not including the £40m tax losses.

So, yes maybe a 70% premium is not enough.

atb

jaseham,

Regardless of 'potential', SQZ has totally failed to move with +VE market sentiment of late ... although quick enough to fall with -VE sentiment as seen in Feb/March and then in September.

We need to break 168p by Jan imo for us to really motor.

atb

You almost get the impression that R3 is the only driver here .... either for re-rate or T/O approach.

About to bounce ... entering oversold.

Geng,

Just buy in.

As mentioned the other day, BP, excluding this year, are still on at an SP only seen last in 1996.

It is as clear as day that our SP is 'under t management' .... for a solid, highly profitable company with no debt, substantial generic growth around the corner, 66% increase in attributable revenue 1/1/22 for zero capex / cost, low Opex and >£110m cash in the bank for the SP to be acting as it has for so long is SO WRONG.

Well Chocolate is a drug .... maybe that's where GSK are going wrong .... we need to t/o Cadbury's to turbo boost our SP.

Lot more gaps at significantly higher SP's that, atm, look more likely to fill imo

Going back to yesterdays article, Mitch said "“I think a lot of sellers are a bit nervous about selling, or being seen to sell, too quickly..."

Or is that our boards point of view for selling us !

Going back to yesterdays article, Mitch said "“I think part of that is oil prices in particular have been so poor this year and I think a lot of sellers are a bit nervous about selling, or being seen to sell, too quickly..."

Now, we have Gas at a YoY HIGH and has been for some time now, plus Brent racing away too, now at pre-price crash levels in March. Large oil companies are always forward looking so the recent price fluctuations would not impact their long term strategy of NS assets disposal, so why have we not been able to do a deal, particularly as we are after primary gas assets . Also deals take weeks / months to complete, BKR 12 months from initial t/o RNS so this 'time lag' would be written into the small print to protect both side as happened in BKR. Plus, all the assets we are looking at have probably been written down substantially by their current owners already so 'owe' them much less. Sorry, but unable to do a deal with a major due to CURRENT prevailing prices of O&G doesn't wash with me.

Sound like we need to substitute Kiosk Kate with Kiosk Cledwyn.

PS. Once more Brent and Nat Gas racing ahead today, as for our 'darling' SQZ, flat as a local wildlife crossing the M1.

atb & imo

Few big trades today : £40k, £129k, £101k

OM,

I do like her, well worth following when it comes to having an ear on OPEC ... avid follower.

atb

flexmw,

fwiw, I agree that for better long-term Shareholder returns SQZ needs to be around in 12-24 months. By which I would hope our SP is at very least double where we are now. Have our BoD got the appetite to see these dark day through so the light can shine on us once more !

The issue here flexmw, is that SQZ are getting cheaper as the economy, POO and Nat Gas improve, that, I'm sure will not go un-noticed. Risk by any potential buyer is slowly being taken off the table with these ever improving conditions.

Our SP needs to make headway before it's too late imo

atb

Just need BREXIT to get over the line too.

The French appear to be the issue .... AS ALWAYS ...lol

Brent about to hit high >$49/barrel since the SA / Russia spat the collapsed POO in early March after OPEC+ meeting.