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STERLING ENERGY big buyers about... (SEY)     

proptrade - 14 Jun 2004 11:58

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

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

graph.php?movingAverageString=%2C50%2C20

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

seawallwalker - 06 Dec 2004 08:06 - 2402 of 7811

This is a good theory, but remember it is only that!

But judging from the above, we can expect a downbeat drilling report for Tiof 5 this week or later, followed by the announcement of a new hole Tiof 6.

What is true is that the later the Tiof discovery is declare commercial, the more it will cost the Mauritannian Government to buy in, while stumping up 150% of developement costs.

If anyone needs the links for thre PDF's leave me a note but they are all as the writer says, on the respective web sites.

Maybe some don't care, but for me it reinforces why you should have Sterling shares rather than Hardman.

By the way I have confirmed that Fusion Oil, a wholey owned Sterling Company has a free carry in Gabon later, the operator is Woodside Petroleum and a PSC partner is Hardman Resources.

seawallwalker - 06 Dec 2004 08:56 - 2403 of 7811

exp_2.jpg

Sterling Energy - Big seller cleared out.

proptrade - 06 Dec 2004 09:22 - 2404 of 7811

what an interesting theory. sounds plausible.
thx for the post SWW.
rgds
proptrade

proptrade - 06 Dec 2004 10:57 - 2405 of 7811

up .25p

mickeyskint - 06 Dec 2004 11:19 - 2406 of 7811

Excellent post SWW. I think you could be bang on.

MS

proptrade - 06 Dec 2004 12:01 - 2407 of 7811

inching higher...up .50p!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

seawallwalker - 06 Dec 2004 13:03 - 2408 of 7811

Well, you know!

Seems the research may have substance today in respect of the seller.

Lets hope it continues.

namreh3 - 06 Dec 2004 15:00 - 2409 of 7811

Tree shaken sufficiently? HNR tomorrow.

proptrade - 06 Dec 2004 15:07 - 2410 of 7811

bounce back....good to see.

namreh3 - 06 Dec 2004 15:10 - 2411 of 7811

Unlike PRE and PCI. Looks like a bit of a bloodbath. Even PMO continues down - has had excellent year though.

seawallwalker - 06 Dec 2004 15:14 - 2412 of 7811

PMO looks sound to me and is a buy at this price.

Trouble is, I don't want them!

I think there is 1 price tag on HNR, but not today!

Wait till tomorrow I think.

namreh3 - 06 Dec 2004 15:17 - 2413 of 7811

Agreed re PMO. Good post earlier SWW.

seawallwalker - 06 Dec 2004 15:26 - 2414 of 7811

Thanks.

It was written with a slant on HNR, but the writer came up with some very interesting points which could have a knock on for SEY.

I am tempted to have a few more SEY after all.

Better decide soon by the look of things, heck tomorrow will do!

If it jumps 3p, they are still a good buy.

mickeyskint - 06 Dec 2004 15:31 - 2415 of 7811

SWW

Do you have a large holding?

MS

seawallwalker - 06 Dec 2004 15:36 - 2416 of 7811

Of what? SEY?

That's all I have at the mo.

I am not rich, but have 1/8th of my pension in this stock.

The rest is either spent or invested elsewhere. I read when I started this that I should only play with what I can afford to lose, so that is what I do.

I have a bit more that I use for short term stocks.

grandadg90 - 06 Dec 2004 16:04 - 2417 of 7811

Hiya guys,

Keep the info coming.

Proptrade whats your take on ZAR,just seen you replied to their forum. Are you in? Im pondering over it.

proptrade - 06 Dec 2004 16:07 - 2418 of 7811

i have just posted on there sir!

seawallwalker - 06 Dec 2004 17:18 - 2419 of 7811

Much better buy/sell ratio.

PRE going down the tubes, as is PCI.

Look forward to tomorrows wishy washy RNS then.

mickeyskint - 06 Dec 2004 17:21 - 2420 of 7811

I feel it for you guys who hold PRE & PCI. It's not funny loosing hard earned money. Been there myself.

LOL

MS

grandadg90 - 06 Dec 2004 17:23 - 2421 of 7811


Any idea of what those trades were that went through at 3.25pm, followed by 3.27pm, 3.28pm. 6.1mil, 4.6mil and 1.4mil repectfully.
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