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

1 v 1.

Wins supporting the bid, at 0.6p bid they were a full .1p higher
than next bid so i have took more profits at 0.61p, if the price
continues to rise i will hold what i have, if they shake it too far
i will buy them back cheaper.

I am IN.

I thought for a minute about trying to trade some - maybe sell 20% of my holding and try to buy back in cheaper.

Then I though - why on Earth would I take that risk when I fully believe this will continue rising month on month?

Not worth the risk to attempt to trade in and out of this share.
As i've always said - this is a buy and hold.

This has the potential for a minimum of a 300-500% increase this year, therefore I will not be selling 1 share until that target is reached.

I'm squarely with Warren Buffet on this one.

Ravey - you can't have many left now?

mjr1234

noticed top thread with a new oil Chart !

Did a see it somewhere before?

Yes, i've put it in the thread header for easy reference, Master RSI - hope you don't mind?

I assume it is an updating one?

Depends if you consider 1.5 mil to be a large holding or not.

Looking for 100% profit on all my various punts from a while back,
the early .27p purchases were sold and so have the .3p purchases.

Now looking for 100% or more for the 500k's bought at 0.34p, 0.40p
and 0.48p.

Fair enough, ravey. If that's your strategy then good luck, it sounds like a good one.

My aim with this share is to make up all the losses I have accrued over the last 5 years by trying to trade shares on a short-term basis, which although can have big gains some days, the big losses cancel them out and in the end you lose.
It's all about risk and reward. I have now completely changed my strategy with this one - I found a company I liked the look of, bought a small stake. I researched it some more, and liked what I found and doubled my holding. The more I researched, the more I liked what I found. I have continued to accumulate over the months building up what I consider to be a sizeable holding. I will now hold all my shares until I consider the company no longer represents good value, which won't be for a long time yet I think.

0.63 - 0.64p +0.085

tight spread Up on the bid by WINS

L2 is 1 v 1

EB.

I dont get sentimental towards stocks anymore, i dont fall in love with them.

I buy at the bottom or what i hope is the bottom and then i reduce into strength,
you never know what is fully going on, remember the bad days where the stock
would not move at 0.3p, well now is the good days but nothing goes up in a straight line, the stock is just recovering to a market cap which makes sense to
the oil output, dont let greed cloud your judgement, i remember all the posters
who would have jumped at 0.40-0.5p bid when it was stuck under 0.3p, now it's
0.6p punters are talking 1.5p, it could happen but this is just short term greed
and multiple ramps from certain people, listen to yourself and not others.

end of rally, heading south

ravey,

I always listen to myself and not others - that's a lesson I have learnt over the years.

Read the thread header - I said on 10/11/05 that this would be 3-5x 0.27p within 6 months - that's 0.81-1.35 before 10/05/06.

With the recent news about CBM I really should revise my targets upwards and forwards.

I think most of the posters who bought at 0.27-0.32 looking for a short-term gain at 0.4-0.5p have indeed sold - the 100M+ volume over the last week has completely swamped them out however!

Had fun watching this thread...

Please Note: 100% gain IS A 100% gain!!!!

IMO - Those in at the old 0.25/.28 - 0.3/32 REALLY should take note...

Choice is your obviously...

If you believe it wil 3-5p mjr then you stick to that, dont be shook
out and if it hits your target then you will be a rich person.

ps...big guns all move to the .64p offer..scap/kbc/hoods...wins/seyp .6p bid.

ravey,

It says 3-5x the current price, which was 0.27p.

However, 3-5p is not out of the question in the 12-month to 18-month timescale.

As you say, holding shares like this for a long time can yield very rich rewards. And I intend to.

Come back in 6 months time and we'll see who's made the most money?

Do you remember ASC which rose from 4p to 60p in the space of 6 months about 2 years back?

I researched it and thought it looked very undervalued at 4p, so I bought some.

The next week it dropped to 3.5p, people posted it was going down etc, I didn't have the courage to believe my own research and I sold out.

6 months later I could have had a 15-bagger.

I will NEVER forget that lesson, Ravey.

Crude futures drop over $1 in early trading

SAN FRANCISCO (AFX) -- April crude dropped $1.21, or 1.9%, to $61.70 a
barrel in early trading on the New York Mercantile Exchange with
investor-concerns over violence in the Middle East easing a bit following
Friday's nearly 4% oil price climb. April natural gas was down 37.3 cents, or
5.1%, at $6.95 per million British thermal units. It fell to a low of $6.92, the
contract's lowest level since June.

I feel like i've been on a rollercoaster at Alton Towers ten times after today.

Massive volume today, but "only" a 6% rise (in fact a 10% rise in the bid), but 25-30M sellers cleared today and those shares transferred into the hands of new holders, so a good day from this point of view.

mjr1234

re-oil chart

It is a streaming chart, if the oil price stays long enough at this price then the trend would change from being uptrend at the moment.
The inclination has been declining lately after the 3 weeks oil decline.

Certainly not mind, and hope is of use to posters, as is allways my comments

Apparently HOODS have been phoning up their clients and "advising" them to sell today, which probably explains where a lot of the selling came from today.
I can't believe HOODS are allowed to do this at the same time as being a market maker?

The other MM's must be jealous they haven't got "clients" lined up to help them balance their books.