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

cellby,

I would say you have a better chance of winning the lottery than buying these around 0.25p again. There is strong support below 0.4p now.
Having thought more about this, I think they are getting TEG Canada for a very good price and I can easily see these ending up blue tomorrow.

The RNS was about the acquisition of TEG Canada, not a general trading update, so why would they drop something in about production?

And as for slowing things down, I think you will find this deal could speed things up tremendously!

Katchenka.......or should we say "Luckypicker" you are a paid deramper, the fact that you are here means that SER are hot.
MT

Very brief shake then going blue - as predicted.

Oh, it's nice to be right :)

short.
MY ARSE!
lol

MJ - well done on the prediction.. And your right there is very strong support below the .4 mark, I for one am happy to buy below .4..

Mickey - Can't realy see Katchenka being a paid deramper, he/she doesn't seam to be very educated in equities!! That however doesn't mean your wrong, more like they could have picked someone more informed...

Katchenka - How can MJ cost us money with his ramping? Do you really think that on the back of an MJ post on this BB a significant amount of investors would all of a sudden sell........ Of course not, we make decisions for ourselves. We may agree and enjoy sharing opions on this share but at the end of the day were all masters of our own money.

good day today mjr spot on,i thought we would go down and stay for a time until price of canada asset was known.they raised funds against this from priVate placeing.wont they haVe to buy these back at premium now.buying at close .5 my target is 1.46 for a bit of top slice.

Proactive Investors website is finally online:

www.proactiveinvestors.com

This contains 2 good articles on Sefton, and the second one is especially interesting as it has been written after an interview with the CEO Jim Ellerton.

http://www.proactiveinvestors.com/registered/articles/article.asp?SER
http://www.proactiveinvestors.com/registered/articles/article.asp?SER2

Who do you post as on advfn mjr1234 ?

English Bigblls. What about you ravey davy gravy?

.

Oh right, and to think I thought you were Sue Helen in disguise. Nice to know who that is now.

I see there are plenty of decent buyers at this price, who seem completely unpeturbed by the spread - see another 1M at 0.50p.

I think the MM's are reluctant to raise the bid as this would cause a chart breakout and fuel even more buying - could be significantly more.
I think they will wait until the last possible moment before letting this go, but I don't think it will be much longer.

I'm amazed that people will buy on such a wide spread.

The mm is making more than a cut here, 1.2k profit for Wins methinks
by taking the million at 0.38p and selling it on for .5p.

Are WINS on both the bid and the offer?

No.

Any mm can take any sell or buy not just the mm's that quote the
bid and offer price.

The thing is ravey, the MM's and their spreads are just a fact of life that we can do nothing about. For a lot of people investing in this stock, they will not be in the remotest bit interested in "beating the MM's" or micro-timing their trade to try and get the absolute best possible price. If someone likes the prospects and wants to invest say 5k for the long-term, and maybe has a target price of say 1p in 6 months (very conservative imo), and they think the current offer price is cheap, then they are not going to be bothered about the bid/offer spread. In fact the bid price when you purchase your stock is completely irrelevant for the investor.
For short-term traders it is of course a different matter, but I wouldn't have thought they'd be many of those in this stock.

sky rockets in flight hey afternoon delight.

Is now into a BREAKOUT

The L2 is 1 v 1
Though the bid is far away from the next one

BREAKOUT

Yes, isn't it beautiful?