Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Serica Energy ( (GB:SQZ) ) has shared an update.
Serica Energy announced a two-month extension of the OFAC License and secondary sanctions assurance for the Rhum field, allowing continuation of certain operations by U.S. and non-U.S. entities. This extension is crucial for completing the application process for a new long-term license following the transition in U.S. Administrations, thereby ensuring uninterrupted operations and supporting Serica’s strategic growth and stability in the North Sea oil and gas sector.
More about Serica Energy
Serica Energy is a British independent oil and gas exploration and production company with a focus on UK Continental Shelf (UKCS) assets. The company plays a significant role in the UK’s energy transition by producing about 5% of the natural gas in the UK. Serica’s operations are primarily centered around the Bruce, Keith, and Rhum fields in the UK Northern North Sea, with additional interests in the Triton FPSO, Columbus, Orlando, and Erskine fields.
YTD Price Performance: 3.92%
Average Trading Volume: 1,193,967
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £548.5M
For an in-depth examination of SQZ stock, go to TipRanks’ Stock Analysis page.
