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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: 135.90
Bid: 135.30
Ask: 136.00
Change: 3.10 (2.33%)
Spread: 0.70 (0.517%)
Open: 136.00
High: 140.80
Low: 134.40
Prev. Close: 132.80
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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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16 Sep 2014 16:25

DIRECTOR DEALINGS: Serica Energy Finance Director, COO Acquire Shares

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8 Sep 2014 14:40

San Leon expands Moroccan footprint through Petromaroc deal

AIM-listed oil and gas group San Leon Energy has expanded its asset portfolio in Morocco through the acquisition of two minority stakes. Petromaroc Corporation has transferred its 1.5% net working interest in the offshore Sidi Moussa licence, where drilling of the SM-1 well is currently underway by

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12 Aug 2014 11:14

UK MIDDAY BRIEFING: Serco CEO Bolsters Top Team Again

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12 Aug 2014 11:03

UK WINNERS & LOSERS: Just Eat Delivers Tasty Revenue Growth

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12 Aug 2014 09:45

Serica Shares Up Despite Loss On Optimism About Erskine Field Buy

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5 Aug 2014 09:13

Centrica buys stake in Irish Sea gas field

LONDON, Aug 5 (Reuters) - A subsidiary of Britain's Centrica has completed a deal to buy a 45 percent stake in the Doyle gas prospect in the East Irish Sea from oil and gas explorer Serica Energy. As part of the agreement, Centrica's Hydrocarbon Resources Limited (HRL) will cover Serica's

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5 Aug 2014 07:35

Serica Energy Closes Farm-Out Deal With Centrica In East Irish Sea

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5 Aug 2014 07:30

UK MORNING BRIEFING: Aggreko Leads London Opening Gains

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31 Jul 2014 10:24

Serica, San Leon Say Offshore Morocco Well Has Been Started

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17 Jun 2014 12:47

UK MIDDAY BRIEFING: BP Gets China Deal, Shell In Asset Sale

LONDON (Alliance News) - British oil major BP will sign a long-term contract worth around USD20 billion, or about GBP11.8 billion, to supply liquefied natural gas to China National Offshore Oil Corp, BP Chief Executive Bob Dudley said at a conference in Moscow Tuesday.
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17 Jun 2014 10:42

UK WINNERS & LOSERS: Xaar Plummets After Guidance Cut

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Whitbread, up 3.1%. The Premier Inn hotels and Costa Coffee chain operator re

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17 Jun 2014 08:09

Serica Energy To Acquire 18% Interest In Erskine Field From BP

LONDON (Alliance News) - Serica Energy PLC Tuesday said it is to acquire an 18% stake in the Erskine Field, located in the UK central North Sea, from BP PLC in exchange for USD11.1 million cash and 27 million new Serica shares, in a move that Serica said will give it a cash flow boost, increase i

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17 Jun 2014 07:50

Serica Energy buys North Sea oil field stake from BP

Oil explorer Serica Energy is buying an 18% stake in the Erskine oil field in the North Sea from BP for $11.1m plus 27m new shares. Serica is buying the interest in UK blocks 23/26a and 23/26b, both in area B, containing the Erskine Field in the UK Central North Sea, from BP Exploration Operating C

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17 Jun 2014 07:34

UK MORNING BRIEFING: Whitbread Leads FTSE 100 On Strong Quarter

LONDON (Alliance News) - UK shares have opened higher Tuesday, encouraged by a positive close on Wall Street on Monday and ahead of UK inflation data.

Whitbread leads FTSE 100 gainers, as it said its Premier Inn hotels and Costa Coffee shops continued their strong s

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13 Jun 2014 15:33

DIRECTOR DEALINGS: Serica Energy Directors Buy Shares

LONDON (Alliance News) - Serica Energy PLC Friday said Finance Director Christopher Hearne and Chief Operating Officer Mitchell Flegg acquired 4,089 shares each at an average price of 11 pence per share. Following this transaction, Hearne holds 1.2 million shares, while Flegg holds 358,878

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