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

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.

           JOKE OF THE DAY

trouble - shut up - maners

Three guys walking up a montain.
one was called trouble one shutup and the other maners.

trouble got lost so the other 2 ran down to a police station.
shutup went in and maners stayed outside.

shutup said " I need to find my brother"
the cop said " whats your name" "shutup"

the cop said, "escuse me?", "Shut up","
hey wheres your maners?!"," outside!",

"hey kid are you looking for trouble","yes!!!"

Have just squelched Master RSI and Ravey Davy Gravy and the threads looking much better already.

Yes, unfortunately after that last unsightly and off-topic post, I have also squelched Master RSI, but not Ravey.

Maybe Ravey Davey Gravy could do the same and then come back on the thread?

I do like the way the Moneyam "squelch" function removes the post completely, so you don't even have to see that they have posted, unlike advfn, when they can still post 10 posts in a row to obscure the thread.

MJ - Agree completely, only ever squelched one person before today when I did Master RSI and Ravey Davy Gravy. I like hearing people views but the previous pages seamed more like a commentry from the Derby, not for me. Anyway you must be around 70% up now MJ? Looks like only the begining too, lets hope SER does what chaco did last year!!

My average is 0.36p so around 50% up.

Still a long, long way to go.

I see CHP has risen around 850% in a year. An 850% rise from Sefton's low of about 0.25p would take it to 2.125p... That would be nice, maybe not realistic by Nov 2006 on current visibility, but who knows what the visibility and expectations looking ahead might change to after the next few RNS's and reports due out in March?

I thought you were averaging under the .30's MJ, ah well its still better than mine at .39, 48.72% rise. Whats your year end prediction MJ? I know a tough one to call however I think 1.4~1.6p we'll finish on..

No, I started buying these in July-August last year when they were between 0.4p and 0.5p. Fortunately I averaged down well in the 0.27-0.32 region, taking my average to 0.355p.

Very tough to call on current earnings/activities visability.

I think 1p by May, so another 6-7 months from then, who knows? Your target of 1.4-1.6p sounds pretty acheivable to me. We need to get more clear facts and figures about what they are doing this year before predicting it with any confidence though.

Hi MJR & Explosive - you know I've been watching this one for a while now. Support looks good and hope I've not missed the boat but will put an order in tonight for tomorrow and will join your happy gang willing to sit this one out for a future investment.

Cheers to all.

One of the many postives aspects of an investment in SER, is that it's free of concerns over political interference and operates, in a well developed democracy. Unlike VOG (Russia) and RPT (Ukriane) I feel much safer known SER pump their oil, over the other side of the Atlantic!

iPublic - Very true observations, however lets not forget that the happy Americans charge more an hour than the other contries increasing their unit/barrell cost of production.

Tizz - Always pleased to welcome someone new into SER. I'm sure your aware this share is high risk and realy for long term investment. Not sure if your new to the game or not so I'll just say that SER makes up only around 8-9% of my overall portfolio. Hope this gives you an idea of the level of risk SER is in my eyes..

I'd better not say what percentage SER currently is of my portfolio then, I might give the impression it's as safe as houses!

MJ - LOL....

Thanks - it will form about 20% but I am just growing a protfolio having stopped doing ISA's, Units Trusts and all the other stuff where returns were in the hands of someone else. I am right to try this. I did well on CHP getting in at 8p and now running purely on profit having withdrawn original stake. I am new and would welcome feedback +or-.