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Pin to quick picksSerica Energy Share News (SQZ)

Share Price Information for Serica Energy (SQZ)

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Share Price: 152.10
Bid: 154.20
Ask: 154.60
Change: -1.70 (-1.11%)
Spread: 0.40 (0.259%)
Open: 154.60
High: 157.20
Low: 152.10
Prev. Close: 153.80
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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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30 Nov 2018 14:28

Serica Energy wraps up acquisitions of North Sea fields

(Sharecast News) - Serica Energy completed its acquisition of the Bruce, Keith and Rhum fields and associated infrastructure in the UK North Sea from BP, leading to the readmission of its shares to AIM after the reverse takeover necessitated their suspension.

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30 Nov 2018 12:55

Friday broker round-up

(Sharecast News) - BTG: Jefferies downgrades to hold with a target price of 840p.

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30 Nov 2018 09:14

Serica Energy Shares Resume Trading As Completes North Sea Purchases (ALLISS)

LONDON (Alliance News) - Serica Energy PLC said Friday it has completed its acquisition of interests in the UK North Sea, and its shares resumed trading on AIM as a result.The acquisition a

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26 Nov 2018 18:02

Serica Energy To Appoint Two New Directors After North Sea Acquisition

LONDON (Alliance News) - Serica Energy PLC said Monday it will appoint two independent non-executive directors following its acquisition of interest in certain North Sea assets.Serica has a

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6 Nov 2018 11:20

Serica Energy To Acquire Further Interest In Bruce And Keith Fields

LONDON (Alliance News) - Serica Energy PLC said Tuesday it signed a further agreement to acquire additional interest in the Bruce and Keith fields in the UK North Sea from Marubeni Oil & Gas a

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5 Nov 2018 09:43

Serica Energy Buys BHP Billiton Interests In Two UK North Sea Fields

LONDON (Alliance News) - Serica Energy PLC said on Monday it has signed an agreement to increase its holding in the Bruce and Keith fields in the UK North Sea for GBP1 million.Under the a a

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31 Oct 2018 12:40

OGA signs off on Serica's field development plan for Columbus

(Sharecast News) - Serica Energy announced on Wednesday that the Oil and Gas Authority (OGA) has approved the field development plan for the North Sea Columbus Development, which was submitted for approval in June.

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26 Oct 2018 12:07

Serica Energy Restarts Production At Erskine After Blockage Removal

LONDON (Alliance News) - Serica Energy PLC said on Friday action to remove gas hydrates in the Erskine to Lomond pipeline in the UK North Sea has been completed, with production from Erskine now a

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11 Oct 2018 11:32

Fresh Pipeline Blockage Hinders Serica Energy's Erskine Re-Start

LONDON (Alliance News) - Serica Energy PLC on Thursday said the re-start of production from its Erskine wells is taking longer than hoped due to the formation on crystals in a pipeline.Late

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11 Oct 2018 09:18

Serica Energy warns of production delays in North Sea

(Sharecast News) - Serica Energy warned investors on Thursday that it had taken longer than expected to restart production at its Erskine operations in the UK Central North Sea due to the formation of gas hydrates in the Lomond production line.

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9 Oct 2018 11:24

White House give sanctions exemption to BP and Serica over Iran-owned licence

(Sharecast News) - Oil giants British Petroleum and Serica Energy have been granted licences to run a North Sea gas field owned, in part, by Iran.

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9 Oct 2018 10:43

WINNERS & LOSERS SUMMARY: Serica Energy Jumps On Iran Sanctions Waiver

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 1.8%. The insurer said it remains on track a

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9 Oct 2018 09:13

TOP NEWS: Serica Energy Gets Iran Sanctions Waiver For North Sea Field

LONDON (Alliance News) - Shares in Serica Energy PLC rocketed Tuesday after the company secured US approval to continue operating a North Sea field jointly with Iranian Oil Co, thereby avoiding in

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1 Oct 2018 12:48

Serica Energy Says US Authority Extended Licenses At Rhum Field

LONDON (Alliance News) - Serica Energy PLC on Monday said US Office of Foreign Assets Control issued a new licence relating to the Rhum field, located in the North Sea.The licence the of by

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28 Sep 2018 10:43

Serica Energy Positive Despite Posting Loss After Pipeline Blockage

LONDON (Alliance News) - Serica Energy PLC on Friday reported a significant swing to an interim loss due to the production shut-down at its Erskine field for much of the period.Erskine, in

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