Sterling Energy has expanded aggressively and now has interests in the Gulf of Mexico and Africa. I'll fill in the detail when I have the time but I feel the need to post now.

I have watched this share and researched it for three months. BANG!! It's going to take off, mark my words. IMHO

Hello experts..................what do you think?

Hello ringos_tar_2000, An opinion. If I could only back one Management to get it right, it would be this one. They have a superb track record and it,s a winner. Rgds. jnk

Well with good volume today we might of expected a rise in the price. Roll on further comment in the press and we will see some action on Monday.

Was looking at many oil companies, all have shown an increase at least 70% in their share price, except this one which seems to have lagged. I feel it is due for a move up which can happen b4 their finacial result. Lets hope.

has DANA (DNX) shown a 70% increase and over what sort of time-scale are we talking? I do hope you are correct with Sterling.

since Dec 03.

xmortal,

Sterling MAY be an almost unique spreadbetting opportunity at the moment, IMHO.

There does seem to be a very limited possible downside, and a decent chance of a fairly good upside, so I may well take a long next week with a 3 point stop loss, surely that's a bet with a low risk/high return oportunity?

the rising price of oil must also benefit SEY at some point.

Small price rise today on good volume signals upward movement into a new trading range. IMHO

Prophet,

Agreed, and with the new tax year we may see money moving back into stocks such as SEY IMHO.

Brillant volumes and some very large buys today. It's looking very good. IMHO

Prophet,

Yes starting to look positive now.

We need some decent volume to confirm the rise to new levels, so keep an eye out in the next few days!!!

I would be very wary of their rapid expansion and short term costs.
good luck though to all

Good days trading today 8 million plus volume.

Price tipped over the 14 pence mark.

As I recall the results for the year are due next week.

Seems to me the City are expecting good news on these!

Lets hope they start the hike towards the 30 pence mark.

The Company's p/e shows that is where it should be.

Valuation using Sterling Energy plc 's current multiple (P/E):

Fiscal Year Est Low/High Price Range Avg. Est. Price % Change for Average
2003 11.25-11.25 11.25 - 19.64%
2004 30.00-30.00 30.00 114.29%
http://uk.moneycentral.msn.com/investor/research/wizards/srwtarget.asp?Symbol=sey

Thought I would bring this back to the top so as to invite comment.