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GLR Profile picture
GLR
@glr_1990
Rare Earth Investor ($CTH #MKA #REE) Small Cap Market Specialist - Nothing I post should be taken as financial advice. https://t.co/MiA8FgkCvY
Dec 8, 2022 • 14 tweets • 6 min read
Really odd sentiment around #SQZ at the moment, since drill results and UK demolition of O+G companies

Oil has been volatile, but #SQZ is 85% gas

Take a look at these day ahead prices, 380p a therm!

Futures also up to 390p/t

1/... The drop to 272p a share today, valued the company at £740m, but its highly likely (even after drill costs and tax) they will have ~£500-£550m CASH by Y/E (yes, in three weeks)

So the EV is estimated just over £200m

2/...