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

you are not alone. on the way back from the game a number of supporters were saying the same.

hasn't it gone quiet...oh so quiet

About 2000 posts ago, I suggested that there was a large background seller and the idea was scoffed at. SWW found a newspaper article (The Express???) the other day which suggested that a large seller had gone clear. I don't believe for one minute that the seller has gone clear and I suspect that the journalist (not the brightest bulb in the box) has been fed a load of rocking poo to help suck in some buyers. There's no such thing as a free lunch! These are starting to look totally stuffed, imo.

The tide has started to turn against the sector I think we will have to sit and wait for some positive news. Maybe after Xmas the tippers will start this one going again.. back to the food again for a while!!

Just for fun, have a look at another doomed company Hilary.

Hardman Resources.

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Look familiar?

Next thing is charts prove nothing, but add PMO and see what you get compared to SEY.

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Oh look the same pattern!

Does that mean PMO are totally stuffed too?

Does it mean you know what you are talking about?

I'll let the readers decide!

thx for the opinion. i wholeheartily disagree but thx for taking time to post.

I can assure you that the pleasure really is all mine.

:o)

hilary you are no where near as good as my sister.

She is a real cow!

SWW lets leave her to graze and move on to discussing more important issues.

ps how about posting another 20 oil companies to prove your very valid point SWW!

I already compared with a few more and similar pattern is there, but though PSC partners were more relevant.

ROC is worse but they had another dry one in Austalian waters, this week.

M trades = Market Maker to Market Maker. As the name suggests this is a transaction between two Market Makers who are registered in the security which is being traded.

No buys today. SP is dropping simply because the whole sector is dropping in line with the oil price.

Taken from TMF - Killik & Co.

Pertains to Hardman,but relevant to PSC Members

HARDMAN RESOURCES Share fall


The share price of Hardman Resources, a major partner in the Mauritanian discovery has seen a sharp share price fall in recent trading sessions from 90p to around 68p. Trying to judge the bottom of the price fall is a difficult business but a bounce back looks more than a fair chance from these levels.

Hardmans primary asset is the 19% stake in Chinguetti and 21.6% of the other exploration areas in Mauritania known as PSC B. Readers will recall that these stakes came after a place down of its share to BG Group earlier in the year.

The share price fall follows three separate pieces of poor news which has impacted sentiment. Given that the price has traded at a premium to estimated net asset value, bad news creates opportunities for the premium to reduce. We think the stock is now trading at a discount to core value.

Having spoken to the participants in the project, we understand the news earlier in the week that the Merou well had delivered sub commercial quantities of hydrocarbons really defines the boundary of the massive Tiof field (i.e. it does not extend as far to the west). Further drilling will now take place to the East.

The mechanical issues at Tiof which resulted in the suspension of drilling of the third appraisal well have been played down as insignificant although clearly this may have some impact of the cost program.

It is clear the partners need some good news but we have felt that some of these early targets are by their very nature are high risk and help to define the structures. As a result, the sentiment has moved too negative on the project. Indeed, we suspect that the next results we will hear from the partners will be more about development of existing projects which should be safer hunting ground (cash flow rather than exploration).


The stock price at 66p is below the perceived 73p core as estimated by Citigroup Smith Barney. Upside potential therefore exists. The added attraction of bid speculation at the lead operator Woodside Petroleum in recent sessions and thoughts that Hardman will probably be bought in 2005 suggest recent weakness represents a buying opportunity.

The trade what went through at 13.03pm for 90,090 shares is not a sell as shown on this website but a buy at 14.94p. I should know I bought them and intend to keep them for sometime.

I've been trading this share for the last year and am happy to get back in at this level after thinking I had missed my chance a few weeks ago when the price was heading continously upwards.

The January Sales have come early for me and I know a bargain when I see one.

I like your name 1704!

Do you like cows?

Fresians, limosines, cherolais, I particularly like aberdeen angus.

They have real character!

I quite like rabbits too............

I'm forever chasing mine around trying to stay lucky!

Ah well!

Excellent price by the way, well done.

Agreed 1704. The trades noted as sells if at bid are sells, many if not all of the others today are BUYS. This has been the pattern over the last few weeks - remember the listing of buys/sells is not definitive. Make up your own mind given the history and prospects of the co./sector and the SP.
Happy hunting
Nam

Does it not make you wonder how they're in a position to let you have them so far under mid?

:o)

What?

Cows?

Thats the udder, they always like to let you have whats under their mid!

I think at this point I will get on with my tasks for the day.

Thanks to all, for helping to pass a few very intersting hours.

Hilary, is that your nose or mouth?

I like your forex bb, very intersting. I may visit one day!

See you all tomorrow!

Hils

I see you are here again on a down day but have been absent since the last one. I asked you a few questions re your position a while back in the tea rooms yet didnt receive an answer - happy to ramp/deramp but not discuss???