Serica energy(SQZ)
Posted: November 28th, 2017, 1:09 pm
This is not a recommendation to buy SQZ but rather to encourage discussion on this
company.
SQZ market cap now is £71m. It is entering into agreement with BP to buy 3 fields in the north sea at practically nil initial cost. Some costs will be paid back from running these 3 fields later on.
http://www.serica-energy.com/downloads/ ... tation.pdf
If I am correct BP seeks to reduce abandonment cost through Serica as the latter has tax allowable exemptions. There are some discussion boards where they put the new Market cap at £600. I know this could a hype, this is why I am bringing this subject to light here.
Share dealing in SQZ was suspended few days ago.
company.
SQZ market cap now is £71m. It is entering into agreement with BP to buy 3 fields in the north sea at practically nil initial cost. Some costs will be paid back from running these 3 fields later on.
http://www.serica-energy.com/downloads/ ... tation.pdf
If I am correct BP seeks to reduce abandonment cost through Serica as the latter has tax allowable exemptions. There are some discussion boards where they put the new Market cap at £600. I know this could a hype, this is why I am bringing this subject to light here.
Share dealing in SQZ was suspended few days ago.