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,

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!

No i did not.

Naughty Hoods at it again for their own benefit, how do they manage
to attract and keep their clients ?

Good question. I get the impression once you are ensnared it is quite hard to leave. I think they can be extremely pursuasive.

A very revealing post this morning on iii:

"Just to add insult to injury...
I am now offloading my online holdings with HB also.
III was show a real time sell price of 57 for my particular trade, but the best HB can offer is 50.

Anyone out there know how I can move all my holding (without selling) to another online broker?
I am at the end of my tether with these people! "

Online buy limit currently 15k shares - I kid ye not.

another drop coming

potatohead (filtered)

There goes another HOODS sucker, I mean customer, 400k@0.51p when you could sell 500k@0.55p with decent brokers.

Potatohead....please explain / back-up your micro-statement @ 13:28 'another drop coming'.
WHEN IS THIS GOING TO HAPPEN?
From what I can see, it's ticking up!
Do you have privileged info or something?.....or are you just a 'plonker'.
Do tell dearheart...

jammyjimmy,

potatohead aka katcenka is also known as bluedolphine and luckypicker over on advfn. He is a complete and utter imbecile who has been telling everyone to sell these (in his usual one-liners) since they were below 0.30p! He is top of most people's filter list on here.

MM's still playing games and still can't make a market, losing nearly 8% on the day with 3 shares bought for every 2 shares sold.

Still a stock overhang??

mmiller,

The stock overhang is evidenced by more selling than buying not the other way around - there are no "invisible sells" here.

The buy/sell columns are in no way reliable when the price changes rapidly hour by hour - a good number of those "buys" will actually be delayed sells.

i think we will haVe to wait on some good news to hit .64 again,maybe production update.im siting well away from sell button until 1.46 or aboVe,for a small fry oil like ser seems a fair price to me.lost a few hundred % by trying to be a trader in oils like jkx ,dgo ,Vog,eme,bur,lots more plus haVe filled my capital gains allowance,so its 40% tax on any profits ,after 5 april then into new allowance.

Evenin all - eventually bought in today and in for the long haul. Hope for a fun ride either way. Good luck and thanks mjr for info on web site. Must admit the web site impressed me from day 1 when researching this company.

cellby , i agree..i have missed out on thousands and thousands by selling far too early , aht,qxl etc etc
i have 3m of these at .33 ave ,no way am i selling ,
long term this is a no brainer for me
my personal target is 5p(will pay off my mortgage - LOL!)

Looks like the sp will hold @ .5, fingers crossed we'll see some stability at this level.... Nice having filters on, I take it from your comments MJ your not impressed with the two blaggers posting??

I think we'll see a bit of sideways movement or a more gentle uptrend for the next 3 or 4 days, before continuing upwards once again.

News is expected from the company in the next 2 weeks, could potentially be this week, so that could change my prediction.
Also Hardman&Co initial research report is due out in March, they are currently waiting on some figures from SER to complete their computer modelling.

The general rise in the sp would suggest we are at the dawn of good news. I see no reason for any negative reports.

.

Good point, ravey.