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 predict that next week this will move significantly.

mjr1234 .... WHY? .... it's no good just bandying about wishful thinking without at least a pretence of logic

I have this on my watch list can any one tell me why I should get on board.

no!

driver,

Read the thread header.

cynic,

Just an educated guess, with gut instinct playing a large part. I have been right before - just look back on the thread or ask one of the regulars.
Anyway as I said - it's just a prediction. What's yours?

Cheers it has been on my watch list for a while but I havent done the research I will have a look, at first glance it does look cheap.

I have got fto goo dnx at the moment for my oil stocks.

driver,

You should especially read the two Proactive Investor articles even if you read nothing else - they pretty much sum up everything between them, especially the second one which is an interview with the CEO. They are from February so they don't cover the latest developments ie litigation settled and TEG Canada acquisition/sale.

MJR - this stock is actually too small for me to deal in as i use CFDs .... for that, minimum cap needs to be >10m

I really only commented because i hate to see wild statements without any supporting logic

I sometimes like to make predictions made on gut-instinct that's all, anyone else is invited to place their predictions as well - just a bit of fun really.

And if my gut-feelings are correct this time then you should be able to get a CFD on this very shortly?

MJR
Cheers

I predict a riot! (when this share finally realises some of its potential). I also predict Alan Curbishly will be the next England boss and Big Sam Allardyce will be the next Newcastle boss.

It has been said, now let it be done!

I predict WTVs % rise in sp will be greater than that of SER.

MJR - i don't trade shares for a living, but by golly it isn't just fun! ..... that's for fantasy portfolios which are certainly not my bag ..... when you put proper money where your mouth is, you can back your gut instinct as much as you like, and then please tell us all your success rate.

If it is so undervalued why as there not been a bid for it ?

Cynic - I can't imagine you'd buy without doing your own homework first. Each to their own scientific or gut instinct whats your point? My late granmother used to bet horses, "Hes got a nice hat" and the bet was on, she was very sucessfull, I on the other hand with horses don't share her luck....

cynic,

This is all about a long-term investment for me. I'm not trying to make money in a few days or weeks, I've been continually accumulating these at prices between 0.26 and 0.53p for the last 8-9 months.
My "guesses" of the share price next week are just a bit of fun to pass the time.

the reasons i think sefton is worth a gamble, they haVe increased production from 50 bopd to 200 in the first stage of there drilling programe. they haVe said steam could increase this to 800bopd,they haVe gas could be used for powering steaming,they should be starting new programe of drilling this year .new interest in coal bed gas,if all this comes off there old highs of 4-6p could be seen again.i like the oils been in and out of most,now holding ser,afr,sey,hnr,pVr,eme,fao,zba,ael,fto,txo,pre,gtl,alk.

MJR1234 - 'my guesses of the sp next week are just a bit of fun to pass the time'

Welll i hope you make that caveat every time you do that. Coz otherwise your views would be worthless!

Ur response might be: people should make their own decisions

My reply: yes they should. But people should not be here to ramp. As that is what your in fact doing!!!"!

jameel,

You clearly don't know what "ramping" means. Talking positively about a stock is not "ramping", neither is making predictions. Go and look it up.

Cellby,

If you hold AFR then you should buy EEL to increase your chances in that area.