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

Provost, got your message but you will need to send me your email address to reply to you.

Gav

thanks for the evo note

You're welcome Fundy.

Found this earlier and thought it worthy of posting:

"CSFB said its now assuming oil will be above 40 usd in its
models as it believes the energy commodity cycle will stay strong to the end of
the decade.
It lifted its targets across the board including on BP. The Swiss broker
upped its target on the UK major to 600 pence from 570 pence, but repeated its
'neutral' stance."

So is this the first broker to assume $40 oil over the longer term.

GAV,

If so, it will mean a whole lot of re-calculating being done in the city to factor in >$40 per barrel, all very positive for SEY.

Glad I added the other day, they may be in my portfolio for some time!

also added- target med long term hold

interesting - 3 MM sales and the price is still there.....

Burren taking a dip on one good one bad drill result.

Hardman looking cheap at 74p mid.

Lots of others looking a bit sick today.

Cancel that on Burren, back up again, cor wish I had bought on the drop...........

There's a hell of a lot of red trades and some very large ones in fact no buys at all! what's going on?

.

bid is 18.25 - ask is 18.50, so any above 18.30 will most likely be buys.

Too small a spread to make it easy to work out which is which but looking at the trades you can se that I am most likely right. (that'll make a change).

Drop today seems to be in line with some general selling accross the sector recently. Although I do feel that we held up quite well whilst others have fallen before we did today. General market for small caps seems pretty dire right now, end of tax year shifting perhaps.

I agree gav got to be end of tax year.

MS

everything is all sqidgy (technical term). have to agree with the rest of team SEY

Team SEY has spoken and I agree with the other members. We have the tax year ending in a few days and Q1 also ending tomorrow. Some locking in profits seems to have spooked many on other threads/boards. I wonder how many of these people may have been over-leveraged in stocks that have rocketed end of last year/start this year and now realise they didn't want as much exposure when they move downwards as we have now.

Anyway, once we get into April hopefully we shall get rid some of the squidginess from the market! Should have some oils reporting over the coming months also which should be fun!

Double witching hour as end of quarter coincides with end of tax year - all the funds want to show balanced books and all taxpayers want to crystallise appropriate gains to optimise CGT.

It's a liitle hairy to watch some of the real penny stocks with wide spreads showing quite such red margins, but logically they can't all have suddenly developed deteriorating financial prospects across all sectors.

Roll on April 6th when I suspect we will have to be quite quick to get in at these current prices.

SD

Well put Stockdog. Yes it is a little hairy at the moment, but for those of us holding the actual shares and not leveraged it's a bit easier just to ride it out, especially if you are holding for longer than 5 minutes! As you say, they have not all of a sudden become back prospects.

Gav,

Nice recovery from the pullback today, SEY has remained strong during the last couple of days, in the face of the AIM resource stocks onslaught.

My guess is this is because we are a PRODUCER, as well as an explorer, and results, which I think will be excellent, are due in May.

Andy,

Agree that we held up well during the recent sell off in the small caps especially. And as you put mention, we did seem to get a bit of a bounce again late this afternoon which is nice to see.

This is what I really like about SEY, the fact that we are not an out and out exploration company. We have excellent production in the GOM and an exciting drilling program and prospects in other areas. Doesn't do any harm to have the assets in different areas. Results in May should be good, but May 2006 should be even better.

Ive got the latest Evo note, drop me a line if you want it. Same goes to everyone else of course.

Stockdog,

Send me another message and let me know your email address. Need that to send you the note.

Gav