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Pin to quick picksSerica Energy Share News (SQZ)

Share Price Information for Serica Energy (SQZ)

London Stock Exchange
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Share Price: 139.50
Bid: 139.20
Ask: 140.20
Change: 1.00 (0.72%)
Spread: 1.00 (0.718%)
Open: 138.50
High: 140.60
Low: 138.50
Prev. Close: 138.50
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Sunday shares tips: Serica Energy, Greene King, CMC Markets

Sun, 06th Jan 2019 14:41

(Sharecast News) - In this Sunday's round-up of newspaper share tips, there was Serica Energy in the Sunday Times, Greene King in the Mail on Sunday and CMC Markets in the Sunday Telegraph.Serica Energy, the AIM-listed oil and gas producer, was tipped as a 'buy' in the Sunday Times' Inside the City column. In late November, a year after first agreeing the deal, the company tied up a tricky deal to buy stakes in the Bruce, Keith and Rhum fields in the UK North Sea from BP, Total and BHP. Instantly becoming one of the largest mid-tier exploration and production companies in the region in a deal that constituted a reverse takeover under AIM rules, Serica acquired operating rights on the three fields, with a 98% interest in Bruce, a 100% interest in Keith and a 50% interest in Rhum.Bringing these fields into the group means Serica is producing around 26,000 barrels per day, more than FTSE 250-listed Cairn Energy. The North Sea portfolio is over 85% weighted towards natural gas. Annual profits are forecast to jump from a predicted $9m in 2018 to $175m for 2019, according to broker Peel Hunt, as revenues rise from $41m to close to $400m.Elsewhere in the portfolio there are exploration and development interests in the Rowallan, Columbus, Skerryvore and Ruval fields of the North Sea, plus an existing 18% non-operated interest in the Erskine field. Drilling has begun at Rowallan, while the 50% operated interest in the Columbus field is scheduled to start development in 2019 and expected to begin producing from 2021.Shares in Greene King were tipped as a tasty investment tipple by Midas in the Mail on Sunday, saying buying now gave access to an "undervalued" stock paying a 6% dividend.As well as brewing the likes of Abbot Ale and Greene King IPA, the company is the UK's largest managed pubs operator, with its chains including English Inns, Loch Fyne eateries, family pubs under the Hungry Horse and Wacky Warehouse brands, and the Spirit portfolio of pubs under the Chef & Brewer and Taylor Walker brands.First-half results in early December showed a 2.7% increase in like-for-like sales in the pub company, which was well ahead of rivals such as Marston's and EI. Progress was also made on boss Rooney Anand's priorities of improving underlying sales growth and efficiency and refinancing the debt taken on from the Spirit acquisition in 2015.Anand steps from behind the bar in April, with analysts at Liberum suggesting that the announcement of a successor could be a "positive catalyst" for sentiment towards the stock that will draw the line under a period of acquisitions.Questor in the Sunday Telegraph said CMC Markets "could be a doubled in a year or two". With spread-betting firms tending to do well when markets are volatile, CMC's shares "look cheap".
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18 Dec 2019 09:34

Serica Energy gets two UK blocks in out-of-round award

(Sharecast News) - Serica Energy announced on Wednesday that its wholly-owned subsidiary, Serica Energy UK, has received an out-of-round award of a 100% interest in the UK petroleum licence P2501, blocks 3/24c and 3/29c.

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24 Oct 2019 16:36

UPDATE 2-Kerogen tests waters for sale of Zennor Petroleum -sources

(Adds detail)LONDON, Oct 24 (Reuters) - Private-equity firm Kerogen Capital is seeking offers for its North Sea business Zennor Petroleum from a select number of bidders with the help of U.S. investment bank Citi, industry sources said.Kerogen has...

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24 Oct 2019 16:36

UPDATE 1-Kerogen tests waters for sale of Zennor Petroleum -sources

(Adds valuations)LONDON, Oct 24 (Reuters) - Private-equity firm Kerogen Capital is seeking offers for its North Sea business Zennor Petroleum from a select number of bidders with the help of U.S. investment bank Citi, industry sources said.Kerogen...

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24 Oct 2019 13:39

Kerogen tests waters for sale of Zennor Petroleum -sources

LONDON, Oct 24 (Reuters) - Private-equity firm Kerogen Capital is seeking offers for its North Sea business Zennor Petroleum from a select number of bidders with the help of U.S. investment bank Citi, industry sources said.Kerogen has opened Zenno...

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24 Oct 2019 12:05

CORRECT: Serica In Rhum Goods And Services US Licence Renewal

CORRECT: Serica In Rhum Goods And Services US Licence Renewal

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24 Oct 2019 11:12

Serica Gets Goods And Services US Licence Renewal At Rhum Field

Serica Gets Goods And Services US Licence Renewal At Rhum Field

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24 Oct 2019 09:48

U.S. grants two-year waiver to North Sea field partly owned by Iran

LONDON, Oct 24 (Reuters) - The U.S. Treasury extended a licence for Serica Energy to operate the Rhum field in the North Sea which is 50% owned by Iran's national oil company, energy producer Serica said on Thursday.The waiver by the U.S. Office o...

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26 Sep 2019 17:04

AXA Investment Managers Doubles Holding In Serica Energy To 10%

AXA Investment Managers Doubles Holding In Serica Energy To 10%

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24 Sep 2019 11:51

Serica Energy swings to solid cash inflow in first half

(Sharecast News) - Serica Energy reported an operating cash inflow of £89.8m in its first half on Tuesday, swinging from an outflow of £5.3m year-on-year.

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24 Sep 2019 09:17

Serica Energy Still Mulling Dividends As It Swings To Interim Profit

Serica Energy Still Mulling Dividends As It Swings To Interim Profit

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17 Sep 2019 16:12

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 18 September KingfisherHalf Year ResultsAccesso TechnologyHalf Year Year Year

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27 Jun 2019 14:41

Serica Energy Production, Cash Position Up In First Months Of 2019

(Alliance News) - Serica Energy PLC at its annual general meeting on Thursday reported a steady operational performance for the first five months of 2019.Net production for the five months

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27 Jun 2019 11:55

Serica Energy sees production rise in first five months of year

(Sharecast News) - Serica Energy updated shareholders and the market on its operations and finances on Thursday, as investors gathered for its annual general meeting.

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20 Jun 2019 16:02

UK Shareholder Meetings Calendar - Next 7 Days

Friday 21 JuneBoohoo GroupGulf KeystoneBH GlobalEJF ResourceSigma

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26 Apr 2019 12:43

Friday broker round-up

(Sharecast News) - Stagecoach: Citigroup upgrades to buy with a target price of 155p.

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