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

sidtrix - It's on UK-wire http://www.uk-wire.com/cgi-bin/articles/20050519112300Z6230.html

7.5 million sells & 2 million buys in 5 transactions.... hmmmm something is happening here but what???

SEY recommended as a BUY in tomorrows IC.
reports huge increase in reserves and valued far too consevatively.

I'm assuming then that we won't see a drilling update from the Gom at the end May now since the directors have been buying.

Would seem that way.

In respect of the buys and sells, I reckon the sells could be buys as they are not rock bottom bid price. Just guessing though.

Also the fact that the Driectors have bought is a clear signal to the City that they have confidence, nice whenthere is so much turmoil in the sector.

Can't say they are not trying............ depends on who is taking notice.

Others elsewhere are buying today, their buys are being reported as sells.

Nothing new here then!!

SEY went down .5p in the end, quite staggering really, and the chart looks awful!

So today we had two RNS, director buying, and a fund picking up a large chunk, and also news that SEY are being recommended in the IC tomorrow, and we went DOWN?

Don't want to see what happens on a bad day!

lol

Fall out from the RPT mess.

yup. back up on news

Investors Chronicle item, (edited), taken from iii and posted by that nice drop dead gorgeous Andy Reilly.

STERLING ENERGY (SEY)

A doubling of production from Sterling's Gulf of Mexico Osprey assets was behind the surge in the company's profits................... But, with Chinguetti coming on stream, cash flow should increase next year.

Buy



Ooooooooo I could eat his socks.

SWW,

Yes, that article is nicely written, must be good for a .25p rise early tomorrow am!

Morning all, this may be old news but it came in the Money Week mag today... This year Sterling expects to double gas output & receive higher gas prices than in 2004. The implications for profits (up 130% in 2004) are "mouth-watering.BUY. The Times. Regards goal.

Did you see that! as soon as I put post 4043 on the bb SEY went up 1.7%.

lol, do it again and see what happens.

LOL. Do it twice!

http://news.ft.com/cms/s/9aa967b0-c918-11d9-b9f4-00000e2511c8.html

............"But the Opec president said a fall into the range of $40-$45 a barrel would be acceptable. Although the group abandoned its target band for a basket of crudes of $22-$28 a barrel, it never set a new range and several members have made it clear they now view $40-$50 a fairer range"

I totally agree.

morning all....everyone have that Friday feeling?

I take it you're looking forward to the match tomorrow, you going to it? SWW, cheers for posting the IC write up and the FT link, $40-50 seems like a decent range. If it holds that over the summer driving season then the US has a bad winter, then who knows where the price may go in Q4.

booked on the train (1st class - feeling bullish!). should be an exciting day out and hopefully not too long a journey home.

Also doubled my holdings yesterday... most sells were actual buys (bought in @ 15.25)
Market sector quite gloomy at the moment, needs time to heal (after that think SEY should boom!)