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

1 by April!

Edited by me.

and the thread wakes up again!

Well why not?

Looks like ESY has hit a consolidation patch and theres not much else happening except on the PET rumour boards.

They are getting dafter by the day.

Funny though, seems there still may be a chance there but I won't have any thanks!

i agree, PET is for the very very brave right now.

i would be delighted to see ESY consolidate here for a while. the jan update could see it then have a platform to move into the 120-150 range. this could be one of the stocks of 2005 if it snags some major contract wins from BT. if it wasn't a serious aquisition target before it most certainly is now.

SEY - still love this one as well.

Well, I am all over the place just now having had a quiet time with SEY.

WLW has a broker downgrade so don't buy yet!

Afternoon all,hows tricks.

wlw stuck around 40p for a longtime- better options elsewhere?.

Shorts on pet,if you can hang around screen watching.

lizard yes there probably are, but I have made 3 sucessful raids over the last 2 years, and it does depend on what I feel this time.

I must admit I am a bit suspicious this time,but thats for the WLW thread.

Thank you for the observation.

Evolution have issued an updated Sterling(SEY) note. They have a, somewhat demanding, target price of 29p against the current share price of 16p and a core value of 19.3p.

I do not have acess to the whole thing, this is from TMF.

But, here are a couple of snippets from it...

"We estimate Sterling's core value at 19.3p/share. Sterling still offers strong upside potential to its core value together with risked exploration potential outside Mauritania, which we estimate at around 29p/share.

Deal will boost cash flow 3x in 2006 as the Chinguetti field comes on stream, but is dilutive to earnings and cash flow in 2005 due to the increase in the number of shares.

Based on our forecasts for 2006 cash flow from operations should increase from 20.6.m to more than 60m and cash flow per share from 2.4p to 3.9p. At the current share price this would put the stock on a 2006 forward cash flow multiple of around 4x."

oh how they underestimate this one!

Has anyone got the whole thing please?

MS,are you going to the liverpool/spurs game on january 19th at anfield ,,f.a. youth cup.

prop at least it is positive...............

So we have to wait till February 2007 to get 2 per share, so what? (lol)

Really, I think they are erring on the cautious side. After all they can not be sure how much oil is coming out if Chinguetti till it does, plus production multipies by 4 in 2007according to targets already posted on this site.

Then of course they are allowing what per barrel?

Not $40 I would think, probably going for around $36 and if it is more then the return will be more.

May be worth an extra wait but ay least we know the money is safe.(ish)

As an aside, it really is time for those poor sufferers at PET to be told what the heck is going on!

Not right to carry that over Christmas.

Harry, phone John up and tell him to come clean please.

Thanks

Evening all
Mince pie and shortbread baking here tonight.
Nice to hear some positive news ( for a change) more please!!

Yum yum!!

Oooops...seem to have spilled the brandy. Luckily my glass was close by.
Cheers everyone!

Ooooooooooops.................a cork just popped out of a wine bottle.

Hmmmmm.......... what to do?