Added to YB: 2024-06-10
Pitch date: 2024-06-09
SQZ.L [bullish]
Serica Energy plc
+29.59%
current return
Author Info
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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 1.25
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
turnaround
Serica Energy: tradition meets modernity
SQZ.L: Serica transforming w/ new mgmt prioritizing return of capital & int'l M&A over UK investment. Cheapest among peers at $28k/boepd & $5.7/boe 2P. Strong BS w/ $76M net cash. Buyback underwhelming but co may be preserving cash for large deal. Eyeing Sval Energi sale. High divi yield, big upside on M&A.
Read full article (19 min)