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I think Kistos is taking the piss with its offer for Serica and expect shareholders to reject it

By Gary Newman | Wednesday 13 July 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Serica Energy (SQZ) is a company that I’ve been following for quite a few years now and it has been my best performing share tip ever during that time. It has gone from a small company that had acquired some later life assets that BP didn’t appear to want any more, and with sentiment pretty low following its past screw-ups in Indonesia, to where it is now with a booming UK-based gas and oil business, lots of cash in the bank and more being added on a daily basis and a market cap in excess of £900 million.

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