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Just to put todays drop into perspective
All commodities are down today & drilling/mining companies are
Down as a result, a certain element of the fall is the sell on news
Mind set & market jitters due to the ongoing term oil in the Middle East.
Sqz have proven assets that are producing lots of oil & gas, they have a decent bank balance, in the end common sense will prevail & the share price will rise
Thanks for article agree with what it says buy out or no buy out
Shares are to cheap!
Not a subs river to the times what does the article say, good or bad
Outlook for investors?
If Blue coast make an offer it will be put to the vote, the board & backers have enough combined shares to accept an offer if they feel it’s fair, shareholders will get a vote but as usual it makes no difference to the outcome if the board wants to accept.
You will be paid out at whatever the agreed buy sp is
As always people buy in on the rise & expectation of stellar results & then panic & sell on news when results are good/inline with reality. Winter is ahead gas inventory’s across the globe are low & as a result gas price will rise , oil is up, the next 6 months outlook for Sqz is looking good for me.
As always LSE is slow to release RNS
Released this morning
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230824:nRSX3498Ka&default-theme=true
Just breached £2.50 announcement shortly on new oil/gas projects will Push us back over £3 where we belong, way oversold on the back Of tax windfalls & tie with tailwind not being popular, strong dividend yield & growth stock IMO
Interesting piece in the telegraph today, saying Sunak is trying
To win back votes by looking at unpopular environmental car legislation around LTN zones & date for combustion engines to be phased out.
He is also rumoured to grant new new sea oil exploration licenses which Serica would be in pole position to acquire
Should be sn interesting week next week!
My Rough calcs suggest fairbride gold production at 23% grossed Xtract $1.933 mil. After costs net revenue will be half of that so around $1 mil not bad but the miner they sold 77% of the mine to will be more happy than Xtract, still not bad result but don’t think so will move much, long term holder btw
UK Government rumoured to bring in price floor for UK gas & oil producers to encourage investment which has been lacking since the intro of the 35% tax introduced, tax paid would be dependent on oil & gas prices & not just applied regardless
If this goes ahead SQZ share price should go up as price is currently pinned back by the current unprecedented tax burden the new rules had on all UK based producers, fingers crossed for s good day
Great article about the future of gas, which in the long term will be great for SQZ
https://apple.news/ActdsenHORDaHiv1A4Qksqg
Reports coming out of China that demand is picking up for copper, minerals etc as the chinese economy rebounds after Covid lockdown, this will drive sp of mining company’s like XRP upwards from what have been historic lows due to economic inactivity during the covid years.
Nice to see SQZ steadily rising again, my view is £3
Will be reached in the next 6-8 weeks once the market realises that SQZ rebalancing its portfolio towards even split of oil & gas by buying a company with oil producing resources makes sense when you look at the current price of gas
Maybe taking on an oil producer & focusing less on mainly historic gas production wasn’t such s bad idea after all when you look at gas prices re oil prices especially after the Saudis announcement on cutting oil production, crude is predicted to open up $q10 tomorrow, SQZ should be blue tomorrow & some!