15 of the best investment ideas among UK small and mid-caps from broker Jefferies
Offering an average of 33% upside, the tips include what are seen as the best ways to play a number of big-picture themes as well as some stock-specific ideas
Company
Serica Energy PLC
TSE:SQZ
Serica is a British-based independent upstream oil and gas company with operations centred on the UK North Sea where we have the full range of exploration, development and production assets. The main focus is on building a portfolio of properties where the Company can utilise its technical, commercial and operating capabilities to add value to existing producing assets as well as to explore and develop new reserves. The Company has proved the success of this model through our producing asset, Erskine, in which we are a partner with Ithaca and Chrysaor. On 30th November 2018 we completed the acquisition of interests in the Bruce, Keith and Rhum fields where we also took over as field operator. These fields are a mixture of late-life and mid-life, largely gas producing assets where further investment can enhance recovery and extend field life. The Company has the finance, scale, range of operations and technical expertise to both operate and to partner other companies. We seek to expand the value of our business whilst spreading risk and limiting downside exposure, both through partnerships and through asset transactions. With an experienced Board and Management, Serica has the knowledge, reputation and capabilities to drive for value led growth both organically and through value enhancing acquisitions, building on synergies from our existing assets. Serica is quoted on the London AIM market under the ticker SQZ.
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Archive
Malcy's Blog - Oil price, Serica, Jadestone
Oil price A bounce of some sort was pretty inevitable after three dollar fall on Tuesday and traders saw the short coverers coming miles away. The negative was the EIA STEO which took a red pen to the demand figures although by the end of t
Serica Energy adds acreage near Bruce area
The UK's latest licensing round primarily comprises blocks in mature, producing areas close to existing infrastructure.
Serica Energy boosted as acquisitions lift profits
Production ended the year at a high point, thanks to the BKR acquisition and the restart of the Erskine operations in October
Archive
FTSE 100 closes near break-even as traders fear China growth may be unsustainable
On Wall Street, stocks were in the red at the time of writing despite positive Chinese data and a batch of positive earnings reports
Archive
Inflation data to take macro spotlight on Wednesday, BHP top-billed for company news
UK inflation figures recently dropped below the Bank of England’s 2% target rate following lower commodity prices at the end of 2018
Archive
Hot cross buns will be wanted but there is still plenty to digest in the week before Easter
There will be plethora of UK data - jobs, inflation, and retail sales - plus corporate updates from the likes of Unilever, BHP Rio Tinto, Bunzl and Rentokil Initial
Archive
Genel Energy PLC shares rise on production update
A look at some of the UK market's winning and losing shares during Tuesday's trading session
Serica Energy shares jump as North Sea field is allowed past US Iran sanctions
Although located in UK waters, Rhum is part-owned by the Iranian Oil Company and it also relies on American owned services.
Serica Energy shares rise as Rhum field lands an extension
"Serica welcomes the new licence which ensures that production from the Rhum field can continue,” said Mitch Flegg
Jubilee Metals shares edged higher as it says Kabwe project remains on track
A look at some of the top risers and fallers in London today
Investments and investor services
Proactive Oil & Gas highlights: United, I3 Energy, Europa Oil & Gas, Echo, SDX Energy
It was another busy week for the market's oil and gas stocks.
AIM oilers add discoveries and new exploration projects in North Sea licensing round
The UK authorities has awarded 123 licences to 61 companies, and, several London listed companies are among the winners
Serica Energy shares drop as new US sanctions on Iran hit UK North Sea project
A subsidiary of Iran's national oil company owns 50% of the Rhum field - which is one of three assets Serica is acquiring an interest in via a deal with BP
Gresham Technologies shares higher on £1.2mln contract win with major bank
A look at some of the top risers and fallers in London today
Serica Energy shares edge higher as North Sea profits improve
Serica believes there will be more opportunities to grow its business in the North Sea
FTSE 100 joins global equity rally and ends higher with miners helping
Soothing comments from China's leader Xi Jinping seem to have gone down well with equities traders, particularly those in the US