Serica is taking a prudent approach to M&A
Serica builds its war chest
The UK producer is benefitting from high prices and all the revenues from its BKR asset. But it continues to preach M&A caution
UK continental shelf (UKCS) independent Serica Energy’s increasingly healthy bank balance has attracted analyst attention. But, while the firm is upping its dividend, taking the first steps towards share buybacks and continuing to look at potential acquisitions, it remains keen to stress its prudent approach towards the M&A market. “Serica has reported FY21 results, with the significant news we think being the mid-April cash position of £363mn [$473mn], substantially higher than £218mn at end-December,” says Chris Wheaton, managing director at US bank Stifel. And he expects the firm’s balance sheet to improve further, foreseeing £492mn of net cash at the end of 2022 at price forecasts of
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
