29th Nov 2021. 11.25am
Regency View:
TAKE PROFITS Serica Energy (SQZ)
Regency View:
Serica Energy (SQZ) – Close at 209p
We’ve had a very good run on Serica following the squeeze in the oil & gas market which took place in late summer / early-autumn…
With high levels of uncertainty surrounding the Omicron variant, it remains to be seen if this could derail the global economic recovery and in turn cause oil & gas prices to slump.
Given that we recently increased our exposure to this sector, we are happy to crystalise our profit in Serica with a view to waiting for more clarity on the impact of Omicron before considering re-entry.
Gross Profit (Inc Dividends) = +77.1%
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