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

Prop, those are more or less the same words used by Fusion Oil and Gas, about 3 months before Sterling made the hostile appraoch.

Looking at things, now would be the best time for any predator to snap them up, all the usual health warnings etc.

Going on...........

What this type of comment does, is that it makes a few hungry ambitious Companies have a look see what they have, and right now, they have plenty.

If the Board continue to say these things we never see the 1 per share. More like 40p at most including the premium.

That may be alright for the Board, but I would not be happy.

But then, been there before with Fusion Oil & Gas, so I would have to get on with it.

The buzz overnight was that Woodside are being looked at again by a Chinese Major .

The sp soared to $30 AUS, which is a new high.

Hardman and Roc rose a little in sympathy, Woodside own 10% of Hardman Resorces., so if Woodside do get taken out, Hardman is sure to follow.

I still have a few thou, Hardman having top sliced, and I will leave everything as it is, becuase Sterling may find themselves part of any prospective package.

Here is a piece posted on hotcopper.............. all sorry it's a little off topic, but then again, maybe not.

Costello's nightmare: China eyes Woodside
By Michael Evans
July 20, 2005


The word on Wall Street is that the Chinese may be eyeing Australia.

As the $US18.5 billion takeover battle for American oil and gas group Unocal between a Chinese government-controlled company and the American Chevron Corp becomes increasingly politically charged, there are whispers among hedge funds that if the Chinese miss out, they'll switch focus to Australia's Woodside Petroleum.

And the prospect of the China National Offshore Oil Corp (CNOOC) making a tilt for Woodside would provide a big headache for Federal Treasurer Peter Costello. In 2001, a clearly embarrassed Mr Costello and the Foreign Investment Review Board turned down the bid for the rest of Woodside by Dutch-controlled Shell on the grounds of national interest.

More recently, the bid for WMC Resources by the Swiss controlled Xstrata passed muster - before before being topped by the Anglo-Australian BHP Billiton. But the Chinese controlling a major Australian energy producer could pose a more complex proposition. While Chinese demand has fuelled the Australian resources and sharemarket boom, CNOOC's bid for Unocal is seen by some as China seeking to shore up its own resources security.

Advertisement
AdvertisementCNOOC's bid stumbled yesterday when its major non-government investor, the American investment house William Blair, sold its stake, saying it did not back the bid.

William Blair officials claimed the Chinese Government was "exerting more pressure" on CNOOC management and board to win the bid, Bloomberg reported.

US company officials have been quietly rumbling over CNOOC's state-owned parent chipping in up to $US7 billion in loans at below market rates and other funds interest-free.

CNOOC executives will appear before a US Congressional panel on Friday.

See todays article on www.oilbarrel.com - ''a rael coup''.

SWW,

Some interesting stuff there, thanks.

i don't want to see SEY taken out at these low levels either.

I believe the price will grow exponentially over time, and I intend to hold for over two years for the BATR.

A takeout in the near future will cause some people CGT problems I would think.

CGT?

Shush!

:-)

i won't complain at 40p...at least offer that level now and see if i get riled up!

for those that haven't laughed at this yet...

Well now.

Down day across the sectort and no comments?

just a bit dull today...nothing dramatic to add.

found my wasp by the way....

SWW,

Except HNR, which I don't hold, which is up!

Greetings all from an internet cafe in a very hot and sticky Florence. First time check in for a few days. Happy to see SEY up to 20+ and then not so happy to see them down again to 19+.
The farm out deal is great news for SEY. As regards takeover talk, I'll take 40p for my shares in the next three months thank you very much. Bird in the hand and all that!

Pondy

don't think h would take 40p

Grand, nice to see that you were all just lurking.

Not quite up to date on LOndon News, bad what ever,

One may be in hospital I understand.......

Wait and see, I think that had more to do with the drops than anything else, looking like all bar a few oilies are going down, may be a bargain bucket time approaching.

I do not think Sterling will go down more than this or a halfpenny more, as I have heard a buzz that Senegal is on the horizon but dont know why yet. Wasn't that the free carry with Markmore Energy? I am not up to date with what goes on there just now.

Again wait and see.

Okay, I'll look in later.

Lucky old Florence, PL!

Nice hoover up of stock in the last knockings.

Apparently some sells were buys, that's from the other channel.

That being the case, there may well be a mark up tomorrow.

Yeah, it's great news to end the day with those large buys - should move back up above the 20p peak tomorrow. An EOW of 20.25p would be a good place to be.

The chart is already looking very strong with a highly defined upward channel and the 50dma looking decidedly predatory towards the upoward moving 200dma - saying grace for a golden cross? On the other hand, the usual indicators are suggesting we're a bit overbought, so we probably need a bit of consolidation before the next hike up to 23-25.

Q: Is a golden cross a holy grail? Discuss.

sd

stockdog,

Well technically it's bullish, so can't be a bad thing surely?

I would like to see 20p or above by the close tomorrow, and those last minute large trades may help when the market reopnes in the morning.