Added to YB: 2024-12-20
Pitch date: 2024-12-19
SQZ.L [bullish]
Serica Energy plc
+37.16%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Serica Energy plc, together with its subsidiaries, identifies, acquires, and exploits oil and gas reserves oil in the United Kingdom.
Market Cap
GBP 853.2M
Pitch Price
GBP 1.19
Price Target
N/A
Dividend
11.86%
EV/EBITDA
3.61
P/E
-25.05
EV/Sales
1.58
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Reeves-A-tax the North Sea: gives Serica a good SQZ - OB Idea #19
SQZ.L: UK North Sea O&G co, 17.7% yield, P/E 4.34x. 4 operational issues in 2024 depressed price. Added 200M barrels to 140M reserves via acquisitions. £150M FCF/yr for 3 yrs vs £485M mkt cap. 78% tax, but offset by losses. Strategy: acquire exiting firms' assets. Undervalued vs peers like DEC.
Read full article (6 min)