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

I use advfn interactive java charts. www.advfn.com

mjr1234,

Looking at those SARS, whilst the greens look accurate, the reds look well out, or am I reding it wrongly?

No, I see what you mean - they seem to indicate more sideways periods rather than down-trends, but then again, the price is in a general uptrend so maybe that's why?

MJ - For a so called educated invester I'm surprised you rate SARS, for a bigger company the info may have some relevance but not for SER... Your moving averages are as useful as riskgrades on this one....

explosive,

This share IMO is definitely liquid enough with an average of 40k-50k traded a day, for indicators such as moving averages and parabolic SAR, in fact any indicator, to have relevance.
What makes you think that they don't have relevance for SER? I never knew the size of a company was a factor in technical analysis?

Amities / ...lt has always been my expirience that the smaller the company the diminishing the effect in employing indicators such as those mentioned . Excellent for midcaps .But useless when dealing with " momentum " stock . .... Methinks SER a case for sideways trading for a while yet . ....The overhang of shares caused by the discounted stock dished out to institutions seems endless ......Appears a case of endless buying yet very little movement ..For the record i have a position .........@+ J

I think you're quite wrong there "TheFrenchConnection". I think these will be 0.80p+ within the next 5 weeks.

But there's no need to argue about it - lets wait see who's correct.

This sounds like a pump and dump thread

Any thread that starts with such a headline must be a ramp

And another one! Must be about to rise.
Read the whole of the header chump, then crawl away.

In strong defence of mjr (not that he needs it!) the Shares magazine recently described ten shares as Screaming Buys (including AHT, one of mine) and nobody but nobody could ever accuse the Shares magazine of ramping shares, now could they?

There's ramping and there is 'making a reasoned case for' and I know what I think.

Hoodless Brennan the Irish highwayman strikes again


"Your shares for 0.45p or no more free advice!"

MJ - Haven't we already done the HOODS thing on this thread before!!

Schiff - Don't believe everything you read, even shares magazine get it wrong.

Tonker - Pump and dump thread, not at all... Thread suffering from pointless rambling is the only thing happening here.

Would be nice to have a week as a fly on the wall in Hoods though
just to see exactly how they manage to persuade clients to sell their
stock lower than everybody else.
Might be worth opening a account with coppers just to see what happens
when you try and sell or if they pressure call new clients ?

Ravey - I believe they use a .com company to do the actual calling of clients. This keeps HOODS made out of the picture and blames the middle man... I agree would make for an intresting week all the same... Failing that I wouldn't mind hacking one of their systems...

Yeah sorry explosive, thought it was a funny response to that 1M sell at 0.45p?
Never mind.

Anyway, another highly bullish day.

I also heard from Hardman&Co today - the delay has been due to "a technical issue with conversion of well result details", whatever that means, BUT this has now been resolved, and they hope to get the report out "soon".

When the report is released, we might be able to read it here?

http://www.oilbarrel.com/advisers/adviser_detail.html?advisorId=5

Another manipulated day.

2.9M buys v 1.9M sells.

mm playing games again, offer .52 for 25000, bid .46 for 1.5 million,im look to top up before result,all oils doing well think ser will push on soon.

Well according to Bloomberg this morning the price of oil is set for new highs as demand has remained constant despite predictions of a peak over winter months. Fingers crossed for some organic growth to help the sp along.