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Yet another gap this morning ... more gaps now than the London Underground ..

For me, its interesting that given the improvement of POO and particularly Nat Gas over the last 4 months or so together with the futures also looking likely to be in excess of current prices, that SQZ did not take the opportunity to announce an interim dividend ..... Even a 1p/share would of sent a message to the market worth far more in terms of PR and probable SP boost than the actual cost of c£2.7m. Gosh, even if 1p/share was too rich, I would have been happy with even a 0.5p (c£1.35m) interim. So why didn't they ? Like I said, interesting !

aimo

Actually, my pension contains BP .... as such, I think that is itself a real issue atm due to the constant decline of BP and other blue chip stocks .... my pension like many others has been decimated over the last 6 months. Not good when you are looking to cash it in !!! That aside, I recently purchased some at 313p outside of my pension. So I'm not too happy with its performance atm to say the least.

Easy +50% to return to early June's SP from here .... Value stocks like BP will move back up ..... just be happy with your entry price.

"They had lockdown and then they continued monitor closely to every single case. It seems they spent more money to trace it but overall they spent much less to control the virus......"

Nothing really to do with UK Gov controlling it, more to do with societies respect and response of individuals towards controlling Covid. Too many people in the UK just don't care ... and that's in general, not just to do with the virus. I'm alright Jack, stuff everyone else appears to be their mantra.

We have multiple gaps open on the way back up ..... just a matter of when they will close NOT if imo.

In just over a month, BP have lost over 20% of its MCap .... utter madness.

June 2014 .... Erskine, 3 years later, BKR Nov 2017 .... 3 years on 2020 ..... ????

"Serica Energy chief executive Mitch Flegg has said the North Sea oil and gas firm is on the hunt for acquisitions as majors look to “rationalise” their portfolios..."

Not so much code 1, but 1 share traded .... new record afaic, today 33 separate trades of a single share.

PS. See my top-up went through on NEX today !

We are now just off the most oversold since the market lows in March due to covid and POO crashing to negative figures with Nat Gas in single digits during the last 5 years.

"London-listed Serica is “working on a few things” but the Covid-19 pandemic is hampering mergers and acquisitions (M&A) activity, he added.

Mr Flegg was speaking after Serica posted half-year results showing it stayed in the black during the period, unlike most of its peers...."

Upomega,

I'm absolutely sure you will not be disappointed. ;-)

atb.

"I would much prefer a big bolt-on that moves the dial than a takeover bid.... "

Not unlike myself. However this must be done not to the detriment of existing shareholder. A BKR style deal with BP for ETAP would tickle my fancy for sure.

Technically its oversold atm

Clear buying opportunity if you understand how well run the company is, imo

Upomega,

"Here's hoping for takeover bid asap...."

Well, there may never be a better time to make an approach, in a few months time R3 will be well underway, and any hope of our BoD yielding to a low bid would have totally evaporated. Saying that a +50% premium right now would probably get quite a few holders asking themselves ..... 'should I sell at that or wait it out for another 18 months'.

aimo

The value will out here for sure ..... too many organic growth drivers let alone in-organic.

As for EPS, for goodness sake !!! As if nothing has happen to world economies this year .... everyone, and I mean everyone is dealing with the Covid fallout. Afaic, SQZ are head and shoulders above the vast majority of O&G plays.

A conference call for analysts will be held later today at 11.00 a.m. (UK time), Thursday 10 September. If you would like to participate, please email serica@instinctif.com

Presentation .....

https://www.serica-energy.com/downloads/presentations/Serica-Energy-2020-Interims-Final.pdf