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

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-.

tizzamark1,

The best things you can read on Sefton Resources right now are the two Proactive Investor articles linked in the header. You have to register with the website first, but this is free.
They contain a summary of pretty much all the key points apart from the latest RNS and it's implications. The second article is especially interesting as it is based on an interview with the CEO Jim Ellerton earlier this month.

now going back down

59 million shares moVed today thats got to be good for increased profile,only couple of months back the seller was offloading these at .2 and we were falling on Very small Volume. be interesting to see if we haVe peaked at .65 ,lot of buy oVer .6 so theres plenty hope for much better to.im 60% up still holding these are 13% of my portfolio .

Nice little retrace today - not unexpected. Wonder where the new support is - 0.55p?

More interesting to watch anyway - that constant upwards movement gets so boring after a while, LOL.

Dont try and convince yourself mjr.

Why do you want it to retrace at all ?, you're a little peeved that you
didnt sell and buy back some 10% cheaper, mind you as a "amateur"
trader i must have got lucky once again with this stock, i did warn on
advfn not to chase this one today.

ravey,

You are an extremely cynical chap. I've already made it clear I will not be attempting to trade in and out of this stock. All that does in my mind is increase the risk and decrease the reward. My strategy is to buy and hold? And if this retrace goes much lower I will be adding to my holding as I been doing for the last 6 months.

As I posted yesterday, I was expecting a retrace. I am actually being objective here instead of constantly wishing it to go up - no share goes up in a straight line for ever - indicators get overbought, stochastics too high, etc etc - you need rests and consolidations where short-term profit takers can be replaced by new blood.

It looks to me like you're the one injection emotion and personality into this game whereas I'm being objective.

Looks like you are constantly trying to "prove yourself" - mother not give you enough hugs in childhood?

You need to sort out your attitude mate, and get that chip off your shoulder.

I get a attitude mjr when dick heads such as Rsi come onto the
the thread and attack me when all i have done is provide soild
L2 and online limit information, what do you want me to do ?

I will always defend myself from postes like that, i dont have to
prove myself to anybody on these bb, i actually like to help people
make money with honest posts, your rsi master will be long out of
this stock now.

ravey,

If you read back a few posts you will see that I filtered Master RSI for posting the huge "joke of the day" which I didn't want to see disrupting my view of the on-topic posts on this thread.
Then I kindly suggested that you should do the same and start posting your very useful and appreciated L2 and online limit information, and ignore Master RSI.

If I find another poster is irritating or disruptive to my enjoyment or use of the thread, I just filter them. Responding to them just does their work for them as it then clogs up the thread with posts about them.

mjr.

There's a trade you didnt want to see, a delayed million sell at a big
discount to the then bid price, that means Hoods have got some stock
again from their overang seller, no wonder they were pushing it down because
they could not lose.

ravey,

Didn't you see my post last night about HOODS - they have been "advising" their clients to sell SER for the last few days.

The other MM's must be so jealous they don't have a ready pool of clients to "advise" whenever they need to balance their books!