This stock looks like the most undervalued oil company on the stock exchange. >
Sefton Resources epic SER. It is currently trading at a price of 0.275p valueing the whole company at just 4M.

You might look at the market cap and assume that this company is just an explorer or a shell, but in fact Sefton is producing over 6000 barrels of oil per month with a monthly revenue of over $300k. It's recent work on it's Tapia oilfield exceeded expectations, meaning the company hit it's 200BOPD target 5 months early, and is now expecting resource and production estimates to be further upgraded. This is before it embarks on a steam-assisted programme early next year which
could see production rates multiplied 2-4 times! It is also looking at drilling further wells on the rich Tapia field in the light of the better than expected results.

So why is it only valued at 4M? The primary reason is lack of awareness of the stock, the sub-1p price puts many people off straight away, and a large overhang.

A year or so ago the company was put in financial dire straits by a
well blowout and had to undertake large discounted placings to get
itself back on track, which it has done with a vengeance. However,
some of these placing shares, which represent some 25% of the company
are being sold into the market, depressing the price so that despite the fact that the companies prospects have improved dramatically over
the past year, the price has dropped by nearly 60%.

This makes the company an absolute bargain at these rock-bottom prices. In 6 months time I expect this to be worth 3-5 times the current price. SERIOUSLY.

There is plenty of research to get your teeth into, the best place to start is the website :

www.seftonresources.com

There are 2 excellent articles on Sefton on the following website by Ian Mclelland (Jan/Feb 2006) - well worth a read to get up to speed on this company and it's prospects:

www.proactiveinvestors.com

iwas up 1600 there for a few mins ,but we are starting the moVe up plenty of buyers comeing on board . welcome.

My 720,000 odd buy at 0.34 pence has just come through.

0.25-0.32 pence....spread narrowed....WINS vs HOOD.

0.27p bid online for 750k.

When you see all the delayed buys soon you will understand
why they shook it so much, some of the mm's will be desperate
for stock.

Better now...0.30-0.32 pence....L2 is 1 v 1.

Few million buys have come through at 0.34 pence from before the shake - explains.

0.30-0.34 pence.....1 v 2 on L2.

Its those bollinger bands again.....big breakout on the upside is coming soon.

a lot of sells so theres still some trying to get out of this one these Volumes should clear them faster ,beter than the nothing we haVe had for months ,is any one puting buy rec on ser from analists or mags.

That's an idea cellby - wonder if there's something in tomorrow's IC? I think subscribers to their website get an early view of the tips?

cellby....never go off on the trades page.....trades over 300,000 shares in SER are delayed in reporting by 1 hour....you never get a true account in this kind of stock by looking at the trades on the trades pages.

I was following the activities this afternoon....the bid price did not get at 0.34 pence so the few million trades at 0.34 pence as well as others at that price are buys. That's how u work it out as to what's a buy or a sell.....rewind back an hour to when the trade originally went through and what the price was then.

SueHelen,

I keep a detailed spreadsheet of trades in this stock and I will be working out the exact (or as near as I can) buys / sells for today later on. I'll report back then with the figures.

The only one I know I can't classify is the 3M T trade at 0.29p.

mjr - when you talk about hood's and bid at .26 what does that all mean?

jameel06

HOODS are one of the market makers on this stock. They have been on the offer (selling stock) for the last 6 months - the overhang. For all this time their bid price was well out of the way at 0.08p or thereabouts. However, today for the first time they moved it right up to 0.26p and remained on the bid most of the day (buying stock)- which is a likely sign that the overhang is finally run out?
We won't know for sure for a while - it might just be MM games, but it was a significant change in trading. Lets see what tomorrow tells us.

jamee106.....for the past 6 months HOOD has been of the offer on Level 2...which means they have been selling stock all the time....they had their pockets full with SER stock....now suddenly for the first time.... today on more than one occassion HOOD were bidding for stock....in that being on the bid on Level 2.

The above gives many traders/investors the view that just maybe now the big overhang has gone and the share price can move up and away.

The activites on Level 2 may explain the big volume today along with expectation that the price will finally start to motor.

sorry mjr...thought u weren't around so filled in ur shoes as to that question. Seems we came up with the same answer.

shit, Im confused with all this... i better just go to reading some text books... Who are market makers? what is the overhang? Where do u go to find out the bid price? What do you mean by buying stock??

Sorry if this getting a pain in the bum, but I would again appreciate you 5 min crash course in the stock market!! That is if you have 5 mins of your valuable time to spare??

I bought ser at .28 and its gone up by nearly 16% today... Whats your view about topping up with more, or will the sp go down 2morrow - based on its inconsistent behaviour over the last 3 months??

Sue Helen, my sincere apologies for tormenting you with pain staking simple questions..

What is HOOD? And how do find out what is level 2

The market makers are who you buy shares from and sell shares to when you trade.

An overhang is a holding of shares which the holders want to sell which is so large that they have to drip-feed it into the market over a long period of time. This obviously has the effect of depressing the price.

The bid/offer prices of each market maker are shown on the Level 2 screen which you have to pay for (from moneyam for example).

Buying stock means buying stock, like what you did at 0.28!?

Tomorrow's price action - anybody's guess!

HOOD is one of the market makers (Hoodless Brennan) as I've already posted.

Looks like you need to do some reading on the internet jameel - do you know how to use Google?

mjr1234,,,google? well i think I do...

Listen thanks for that insight! I guess were all are not as gifted as some of you... Thanks for your time!