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

Nice 6k buy.

10k buy at 0.48p

mjr1234,

Any chance of an intraday and long term chart in the header please?

TIA.

mrj has sold out..

Really?

When?

Charts added to header as requested, Andy.

Did you get in this one at last then, or are you still just looking?

mjr1234,

Still looking, as with a great many stocks.

A friend of mine met with the company recently, and was impressed, so am keeping a closer eye on this now.

Thanks for adding the chart into the header, it makes it easier to keep track of stocks on the threads in my opinion.

Good rise here

strong sell is what I say now

mjr1234 any idea why its going down today.

fletch,

Yes, it's turned out the oil is really just water, they've been putting black food colouring in.

mjr1234 better sell my 5mil then still make a profit thanks!!!

mjr1234 better sell my 5mil then still make a profit thanks!!!

Good, let me know when you're selling and I'll try to pick em up on the cheap.

Be about an hour to come through .

tree shake some one wants stock,1.5m on the bid 500k on offer.we will haVe a turn around when the orders filled,no news no Volume hold on.

comeing back from 14% loss tuesday,seem to be geting suport around .4 next leVel to brake is .5. hope for positiVe news soon.

Online bid 0.39 for 1.5M.. I think we all know where this is going.

now 1.5m on offer .43 , 750k on bid .37

Are you sure? I thought market closed at 16:30.

my last post was typed in at 3.30 but forgot to post until I came back at 5. it looked to be someone trying to off load stock,no news people will get bored and moVe on.