anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/



weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

Hi folks, i really interesting day for news regarding sterling . I think we can safely say this company has a very bright future. That fusion oil * gas looks to have been a clever and well timed takeover bought on the cheap. I now believe everyone should fill up there boots(big ones) with Sterling Energy shares. Chief Exec Harry Wilson must be rubbing his hands or licking his lips if he's in the pub tonight "Cheers Harry".

well said bowman!

momentum building. must have been mentioned somewhere with all the buying sizes....

proptrade,

yes, over 2.6 million shares traded alreay today!

The price is currently up 1p (6.4%) to 16.5p MID.

thx for the comment Andy, i thought i was all alone today!

must have been tipped somewhere. lovely story!

Possibly yesterdays broker tip to buy with 20 p price target.

Hi proptrade, just come in from running the dog.

Nice surprise.

Good Morning Andy

greyhound?

No, German Shepherd Dog.

Running the dog is a technical term for people in the Dog World for exercising them.

He is the brains of our outfit in that he picks the stocks and I buy them.

i like that. at least my stock picks are in good company!

In thsat case you and he did well here.

He has just connected Tullow Oil with African Energy, they are a 20% partner in the Mauritanian Adventure.

Tullow swallowed African Energy a month or so ago.

The stock has not yet reflected that.

As the price is down today, I may have a little nibble.

U.S. stock futures lower as crude prices rise
Tue 6 July, 2004 14:21

(Updates futures, adds new comments)

NEW YORK, July 6 (Reuters) - U.S. stocks futures pointed to a lower opening for Wall Street on Tuesday as investors worried about corporate profits following a jump in crude oil prices.

In addition, chip stocks could be under pressure after Conexant Systems Inc., the third-most active stock on the INET electronic brokerage in early trading, lowered its quarterly earnings forecast.

U.S. light crude rose in the first electronic trading since the weekend sabotage attacks on Iraqi oil pipelines cut exports. Crude prices, at $39.21 in New York, are also being pushed higher amid concerns about possible disruptions to Russian and Nigerian supplies.

Crude oil is a component of almost every sector of the economy, including manufacturing and transport, and higher oil prices immediately erode corporate profits.

"I see the markets starting off down because crude oil is down, Weston Boone, vice president of listed trading at Legg Mason Wood Walker in Baltimore said. "Geopolitical events are weighing on the market, and in addition we are starting earnings season -- so the question is will profits be as rosy in the second quarter?"

S&P 500 futures for the September contract fell to 1119.80, or 4.68 points below fair value.

Dow Jones industrial index futures fell 44 points, while Nasdaq 100 futures slipped 12 points.

"The reason why we are down today is the continued unrest in the Middle East and the prospects that energy prices do not seem to decline," John Person, head financial analyst with Infinity Brokerage Services, said.

"After last week's Fed rate hike, higher oil prices and slower economic indicators such as the jobs number will be the real issues investors are faced with right now," Person added.

Democrat John Kerry's decision to appoint North Carolina Sen. John Edwards as his vice presidential running mate was seen as slightly negative for the market.

"I think its probably positive for Kerry which is therefore probably negative for the market ... Wall Street is traditionally a conservative community," Boone said.

xmortal, what is your view of SEY?

Same as last week, the price is being held back by the profit takers.

May slip back 1/4 today, but the price of oil ha spiked apparently, maybe that will hold it.

I think it has potential and the trend is up, thats the main point. Also its portfolio is excellent. I think SEY perform very well at least to the beginning of its drilling season, and providing that oil price keeps above 38$

In terms of high risk/high reward at the moment I like PCI and HNR. PCI cos is drilling a well supposedly to contain 400m barrels and easy to extract (apparently)plus JV in massive oil deposits of oil in the adriatic sea and some rumors that may be enteringin Mali, Algeria and Libya (massive oil and gas reserves) Then Hradman Resources, they have around 20 wells to be drill plus a JV with RAB capital and Falkand Islands Holding in the Falkland Island.

SEY is equally good. If I had moeny. i'd place a punt.

nice to hear....i think once drilling starts these will be 20+

big volume day, with size buyers at the close. v good to see

Here we go again.

Oil futures hit one month highs
AFX
Crude futures edged towards $40/barrel on supply disruption worries

Supply disruptions in Iraq, Nigeria, and Russia pulled crude futures closer to $40 a barrel to their highest level in a month. August crude is at $39.25 a barrel, up 86 cents on the New York Mercantile Exchange.

Iraqi output was halved over the weekend following sabotage to some of its pipelines, Nigeria suffered from a workers' protest and Yukos, a key Russian oil company, faces the potential for an output halt because of the need to pay more than $3 billion in back taxes. August heating oil and unleaded gas are each up more than 1 percent.

Morning all,

Just found this little piece on Sterling:

Sterling Energy, the Aim-listed gas company, gained 1 to a year high of 16.5p as traders said the management was meeting investors.

Found it in the Telegraph this morning.

Cheers

Gav

cheers Gav... shame i didn't get the call for the meet and greet!