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

Drilling programmes will be providing newsflow in the coming months - good newsflow I hope.

we all do. i think interest will grow in SEY over the rest of the summer.

There is little doubt that at the moment, any good news would send this price up to unseen levels imho.

Everybody; concentrate!!!!

any time over the next couple of weeks

Can't understand people selling these at these prices and the oil price is hitting new highs. As soon as news is released, they will be buying back at a higher price imo.

SW, i'm concentrating hard!!

Interesting article, slight;y bullish on most UK oil quoted astocks, but maybe worth a read IMHO.


http://www.angelfire.com/hi5/howdy777/OILEXCO/CC_Report.pdf

Andy

Unable to open or save it as it is written.

Increased my stake today as the price has dropped below 15.5

Andy,

Saw it last night via link on TMF. Not read it yet, will do so over the weekend. Covers quite a few company's.

SWW / gavdfc,

It's a good read, BUT, they are using a fairly low average oil price for this year and next, and given the current price, it makes the article's recommendations somewhat obsolete, IMHO.

They are recommending holds and sells on various oil stocks, although they don't mention Sterling.

In view of the prevailing higher oil price, I think it's already dated.

STERLING ENERGY big buyers about... (SEY)

Not today there weren't

cheers SWW! slightly out of context me thinks today!

proptrade,

yes and a nice little tick up after a few days drifting in the doldrums!

I guess they may have been filling a large order!

i think so....

i think this stoock is showing some seriously good price action right now. great rise, some consolidation but still trending higher.

What do you guys value this share at.

grandadg90,

to be honest, I don't think anyone can answer that question with any degree of accuracy or honesty at the moment!

SEY have so much exploration going on, and until we know what success they have had, we really can't quantify any potential gains, IMHO.

we are currently awaiting news of their latest well in Texas, and then we are due to start the offshore Mauritania drilling program very soon, so there is much to play for, and POTENTIALLY some great opportunities for the share price to northwards! (fingers crossed)

What I would say is that SEY is run by some ex BP guys that seem to know their stuff, and the contested takeover of FOG last year was considered to be a steal, so I think they are pretty shrewd personally.

I hold, and think SEY worth holding for the medium / longer term, as part of a balanced portfolio, as there is always some risk with any exploration stock.

Andy

A great summation and answer. I would add though that i think to build in moderate success from their planned drilling could easily see the price double or triple.

The point is that I think there is almost too much of an exploration discount in the stock as it stands today and i think that once the drill program commences SEY will rise into at least the mid 20's.

rgds
proptrade

Cheers guys, thanks for the summary. I am already holding these and have topped up as the stock has moved along. First in at 15.75 then at 14.90 and then at 16.60. I am quite happy to hold and am quite optomistic about these. Keep up all the good work guys.

Regards
Ray

Holding these is the best policy. I usually try and trade some of my oil portfolio. Usually, I am able to increase my holding with some timely sells and buys back. But SEY don,t really move that much and when good news does come they will rocket and I wouldn't want to be out of them.
I think these have excellent potential for when it all comes together.

Good luck.

Proptrade,

Thanks, and I agree, if drilling results are decent, IMHO we will see 20p, maybe some more, dependent on what is found.


grandadg90 / georgeski,

Exectly the way I have invested in SEY, building a position and not trading, as the spread's a killer, and who knows when some news may be released?

Read on another BB that this weeks IC has a review of the junior oil companies and rates SEY a buy - balanced portoflio with strong upside. Not read the mag so can't confirm it.