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

This share always goes down when the price of oil goes up.

That is the pattern.

No panics here, I amy have a few more if it drop another 1/4p

That happened quicker than I thought, just slipped under 15.50, so I have taken advatage by another 20000.

All this after making a few quid on Hardman this morning ;-)

like it...putting your money where your mouth is. nice one.

not sure i agree with the oil price/share price correlation though....

Well it is a pattern I have noticed, I may be wrong, would not be the first time!

Big Al has just commented on the PCI thread, the the FBB is poplated by a bunch of goons, that is more near the mark I reckon.

:-)

SWW, you know i am just kidding...we are all right some of the time and wrong about an equal amount!

waht is that about PCI?

Have a look at Petroceltic. The thread is underneath this one. Dunno if you hold or would in your position, but I thought it worth a small punt so I did.

Price is below what I paid at the moment, so could be bargain bucket time.

On the other hand may be too risky?

looks interesting but i am really happy with my oils exposure right now. i also punt around down in australia, always some interesting names down there...

True.

I do not have the kitchen sink on it, and stand to make a very nice gain, may come quicker than SEY, if it does I will take it and run, unlike SEY, which I will hold for a very long time...............zzzzzzzzzzzz

i know how you feel. when i started this thread i thought the news would come in domino style but instead has been dragged out over ages. the good news is that at least we now have HNR updates regularly.

i have a few AMEC at the moment which is slipping down my leg (so to speak). they are potentially a t/o target according to the sunday times and FT articles. i did some homework and fancy them short term. i am in higher than here but could see them be taken out at 380-400. sorry to mix stocks here but am a tad bored!

That's fine.

I invest in these for exactly the same reason.

What a boring day so far. A snippet from Pre's results just out:

"This is a good time to be an energy producer, particularly in the U.S. where
there is an ever growing gap in oil and gas supply versus demand. Worldwide oil
production capacity is stretched. It takes time to bring new reserves on stream
so unless Chinese demand falls, a continued period of high oil prices look
likely.



Gas is different. The U.S. is becoming increasingly dependent on natural gas.
Demand is forecast to grow by 35 per cent. to 2025. Production has not kept
pace with rising demand. The market price of natural gas reflects the tight
balance between supply and demand."

Well no results today, must be Monday then. Took the opportunity of topping up today, couldn't resist the urge.

Nice big buy today:- 500000

good spot. so when do we see 20p guys, this is so static!

Take a chill pill, guys.

we are the pure definition of chill pills on this thread...its just a bit of frustration coming through!

protrade.

You normally tell me this sort of thing.

Hang on in there.

You know what is going on in the bcackground.

Mauritannia is an almost certain venture, the price will rise.

20p is not enough, if Mauritannia works we vcan expect mega!

'Course if it don't we get back or stake!!!!

Wait until the chill pills wear off, good things come to those who wait! Now where are these results!!

am am feeling the love on this thread!

we certainly have the best support on this thread and i think the all in this together attitude certainly shines through.

i have say that i am as disciplined as ever but you know how it is sometimes when you watch a price hover without making strides when you know you are backing a winner.

and back to that 20p comment...my apologies! i wouldn't dream of selling there and since most of us have a nice buffer from where they are now we are in for a two bag plus bonanza.

happy days, steam now blown off

rgds
proptrade

Happy days indeed Prop!

The great SEY love in thread! Just as the company is great, so is this thread. Lots of helpful people on it, as threads should be. Yes we all get a bit frustrated when we think we should be moving up, but I guess thats part of the buy and hold strategy. And for me, as i've said before, this ones a definite buy and hold.

The results, when we get them should be excellent, as should figures for next year. Expanded production, increased revenue, higher gas and oil prices all should add to the profitabilty of SEY. All in all, a nice little earner! Oil prices rising also. As for the Mauritania deal, $26-$31 oil means a royalty payment of $2.75bbl to us. At oil price $31-$34, royalty payment of 3.25bbl. Thereafter payments rise by an additional $0.50bbl for every $3 increase in the oil price.

Also, the bonus payment from Premier, $1m if oil discovery bigger than 50mm boe in PSC-A and $2m if oil discovery bigger than 50mm boe in PSC-B. And all the fingers in other pies!

Happy days indeed!

Cheers

Gav