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
20 January 2026
As the global energy system undergoes its most profound transformation in a century, the need for credible leadership, practical solutions and inclusive dialogue has never been greater. In 2026, the Kingdom of Saudi Arabia will stand at the centre of this conversation as host of the 25th WPC Energy Congress in Riyadh.
20 January 2026
The Kingdom of Saudi Arabia is the host of the 25th WPC Energy Congress on 26-30 April 2026. The Ministry of Energy spoke with Petroleum Economist about the key messages and opportunities for the global energy community.
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
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
