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

Jameel06 - I would also like to know why your expecting a 25% rise tomorrow.
MJ - I also think a small drop-down on the sp will happen, fingers crossed for a tighter spread also.
Katcenta - 1p is a better prediction than 7p for Friday. If the share does hit 1p on Friday that would be +120% rise!!

yes sorry, I did mean 70p by next friday

due to a share consolidation...

I also think we could haVe a pullback,may be 20% when stop losses kickin but we will rise again.seems like some mm may be trying to fill a buy order, last 2day closed with more sells than buys but price has held.

I'm thinking a pullback to something like 0.38/0.45, and then a rise up to say 0.43/0.48 at close. Don't think they will dare take it much lower.

Here's the pullback as predicted.

Nice bounce - new support level tested and proved.

so 1p tomorrow eh!!! ;-)

Great volume and lots of trading today with this much smaller spread (0.395/0.415 online). Long may it continue.

all we need now is a bit of good news and off in to the blue.

Online quotes now 1.25M@0.42/250k@0.46 looking good.

Nice 6k buy.

10k buy at 0.48p

mjr1234,

Any chance of an intraday and long term chart in the header please?

TIA.

mrj has sold out..

Really?

When?

Charts added to header as requested, Andy.

Did you get in this one at last then, or are you still just looking?

mjr1234,

Still looking, as with a great many stocks.

A friend of mine met with the company recently, and was impressed, so am keeping a closer eye on this now.

Thanks for adding the chart into the header, it makes it easier to keep track of stocks on the threads in my opinion.

Good rise here

strong sell is what I say now

mjr1234 any idea why its going down today.

fletch,

Yes, it's turned out the oil is really just water, they've been putting black food colouring in.