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

If they have then it could be stakebuilding with SEY as a t/o target when they are still cheaper than many others.

So it is.

Tol' yer I was word blind..............

Can't get numbers rite either.

SWW,

lol!

a couple of very large trades at 16:30 today, which taking into account yesterday's jump, and prices, I have down as two buys.

Andy,
They look like two sells to me - not that that is any bother at the moment. Large stakes are changing hands at high prices and that can only be good for us. Someone clearly wants a lot of stock. Perhaps the talk of a bid from Woodside is not so fanciful after all. It would make a sensible fit and with Chinguetti about to flow now wouild be the time to make a move. Exciting times.

Pond life,

On today's trades I would agree with you. but due to their size, I wondered whether they could have been delayed from yesterday?

Until 13:00 yesterday, the offer was 20p.

Anyway, as you rightly say, large number of shares are changing hands, and the price was up yesterday, and held today, so maybe a bid is coming?

I would prefer another year before any bid, to secure my BATR!

I also thionk there may be a bid on the way.......................

As previously stated, Woodie would be the number 1 suspects for me.

Interesting to see that Amvescap added to their already substantial holding here with the 700k. That is a decent sized holding they are building here. Not going to get too excited about a possible bid approach, if for some reason it was going to happen, would rather it was later than sooner, ie - next year. Bit of a low volume day so far today.

i think they bought it direct from goldman...simple sales call to an existing holder...

Well if that was the case and GS wanted to get under 3%, then it's an easy way for them to do so.

exactly, and also avoid hitting the mkt. thats the way the big trades tend to work and how companies shift blocks of stocks. when you use bloomberg you have an almost up to date list of largest holders so it is an easy call to make!

i have a free bberg trial at the moment. i didn't realise how much i missed it!

bloomberg trial of what?

their bloomberg terminal. it is the best system but cost US$1700 a month for a minimum 2 years to subscribe. give you a clue, i won't be taking that up right now!

the system is fast, informative and you basically see everything the market sees at the identical moment. like level 2 but with all the bells, whistles and their messaging system to other guys round the market is awesome (i have got in touch with some punters i haven't spoken with in ages).

anything you need to know re holders i have now...please just ask...

Who is holding all the Cheese?

what is the epic?

YUM

CDR? LSTR? GLSR? BRIE? EMTL? CMBR? EDAM?

LOL

A grand a month's a bit out of my league, especially over 2 years! I thought Reuters terminals were cheaper? Anyway, I'll be happy when I get a new pc with a few monitors, this ones about had it.

Back to SEY, was in touch with the company last week re possible damage from katrina and heard back from them today. Eugene Island 268 was shut in from Aug 26 to 31. Total lost production was 19,200 Mcf (gross) 8,640 Mcf (Sterling net), with no damage to the structure and the well was back up and running to full rate by Sept 2.

gavdfc - well dug! good news indeed, a pretty minor loss of output (which at least is still in the ground as value). Did they mention if they can off-load it onto the Loop or whatever they use? or can they store at the well head until other infrasctructure is up and running.