Member Info for thehickster

what this "big reveal" could be?
On what appears to be one of the worst deals in the history of the stock market, I'm struggling to think of what it could be.
A few hundred million that Tailwind had in the bank that we didn't know about? Tailwind production figures actually turn out to be 20k boepd higher than they were letting on?
Anyone else got any ideas?

does the yield here just get silly?
Regarding the gas price, I thought I3e had some pretty decent hedges in place or am I wrong on that ?

Nearly all of their production is hedged so the dividend doesn't suddenly become unsustainable just because the market has pushed the share price down so much.
IMO anyway.
The amount they are selling their gas for is what counts, not what the share price is.

Almost touching a 14% yield here. I need to know where the sellers are getting better than that.
Just look at it as a fantastic topping up opportunity.

HotChip i've literally just had to pick myself up from the floor as I've suddenly reaslied that i3e actually ended the day positive. Might have to do a few lines on the lottery later, although I'm sure normal service will be resumed tomorrow.
Can't complain too much as my average is around 7p though.

Seems to mean lower share price here. I thought now that we have more oil it shouldn't be like that?

Yeah I was doing what can be otherwise know as taking the mickey.
Although to be honest I'm probably not that far off the way the markets are these days.
Checking my stocks today and seeing all my oilies getting a hammering I assumed Brent was way down and back in the 70s.
It's currently showing 86 a barrel so who knows what's going on with the markets.

weekly dividends and a yearly yield of 25 %.
Doing that might get us to hit 22p I reckon.
Any higher and we're going to need daily dividends and a 50% yield and even then I'm not so sure.

Come on market makers you can move it back up now. JP Morgan have had their fill.

Seems like the people in favour of this so called deal don't actually have any reasons as to why it's a good deal, but that there might be something that comes to light when all the facts are known. What a strange way to conduct business that would be.
Norma would you like to buy my house for 3 times the asking price and not bother doing a survey either? It's a good deal, honest guv.

What could the big reveal possibly be that is so good though and why weren't they shouting it from the rooftops in the run up to the vote?
It's also very strange that an already massively undervalued company like Serica supposedly gets involved with such a great deal which should have made it even more undervalued...... yet the shareprice is languishing in the doldrums still.
Maybe Mitch could do the decent thing and put his hand in his own pocket so compensate shareholders if Serica isn't trading over 4 pounds by the end of 2023. If it's not then it's down to him so that's only fair.

Blimey that's some slim pickings there. Not keen on putting their hands in their pockets are they ?

all the director dealings RNS's are ? Thought Mitch would be filling his boots to the tune of hundred of thousands of pounds worth now this amazing deal has gone through. Bet he's chomping at the bit to get more shares. Or are they still in a closed period and not allowed to trade ?

If 6 p per share is only 16m then 36p a share is less than 100m. Considering Serica recently had over half a billion cash on hand that is still peanuts.
50p a share should be the bare minimum IMO.

if Mitch does similar sorts of deals when he sells his own things. Like if he put his house on the market and someone comes to look at it and he ends up giving the house away and paying them money on top as well ?
Must be a wonderful chap to do business with if you're buying from him.

There has to be a big reveal soon. There's no way anyone sane would try and defend this deal, so it must just be a matter of time before something comes out that makes sense. This would have been expensive before any windfall taxes were put on production, but to pay that much per barrel in a 75% tax environment is utterly bonkers and bordering on negligent IMHO.

to get buying shares now. Seeing as he owns so few and this is the deal of the century according to him.
If 4.25 so undervalued SQZ, what must the combined company be worth now ? 5 or 6 quid a share? All for him to buy at 2.50. Bet there will be some director dealings RNS's popping up soon with Mitch buying shares in the hundred of thousands. Same for the rest of the board, they can fill their boots on this amazing deal.

Do I actually a little bit of blue or is that a mirage ?

Showing 2.71 at the mo. Dec's hedges well in the money at the moment.

I think I said recently that we must be due a hit piece soon.
And there it is.