Serica Energy offers strong income potential with a 12% forward dividend yield, a solid balance sheet, and promising production growth from new projects. Despite the recent price surge, the stock remains undervalued relative to sector peers but carries higher risk due to its small-cap status. Dividend sustainability is questionable given the high payout ratio, but even a significant cut would leave an attractive yield for income investors.
UK's Serica Energy said on Tuesday that its Triton floating production storage and offloading (FPSO) vessel in the North Sea resumed production on Dec. 27, with a phased restart of the producing and new wells ongoing.
UK's Serica Energy cut its full-year production forecast for the second time in two weeks on Thursday after it was forced to again suspend operations at its Triton floating production storage and offloading (FPSO) vessel in the North Sea.
Serica Energy plc (OTCPK:SQZZF) Q2 2024 Earnings Conference Call September 10, 2024 5:00 AM ET Company Participants Andrew Benbow - Group IR Manager Chris Cox - CEO Martin Copeland - CFO Conference Call Participants Unidentified Analyst - Andrew Benbow Good morning, ladies and gentlemen and welcome to the Serica Energy plc Half Year Results Investor Presentation. Throughout this recorded presentation, investors will be in listen-only mode.