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

http://biz.yahoo.com/usat/051017/13172266.html
Check the difference in opinion IMO

ahoj - interesting counterview.

Well they do say that, if everyone around you is screaming buy, now is the time to sell.

WDIK

sd

ahoj - Thanks for posting, reinforces my views.

FWIW I had a good look at my holdings yesterday and sold off Hardman, and topped up Sterling a bit more.

Reason? - I had exposure to a success or failure at Tevet2 Deep ST-1 with both stocks, Hardman are in a strong downtrend at the mo, whereas Sterling looks to have hit near lows already, plus they are freely carried for that well.

I suspect a duster there would be very unforgiving for Hardman and would present a buying opportunity, any knock on to Sterling would do the same but to a lesser degree, but only because the Market is fickle.

Having said all that, if it is a duster at Tevet2 Deep ST-1, I believe that it would probably be as well to leave Hardman out of my portfolio for a while till the drilling is over.

BUT - the odds are now on that Tevet should contain something and that is reinforced by the "kick".

As it is, any success would fairly not raise the sp to levels where I sold out, (in the short term anyway) and it would present a buy back in at cheaper levels possibly.

I note Hardman has lost another 6% nearly overnight in Oz, so I am satisfied that I did the right thing.

Gosh, what you lot doing to the stock market this morning.

Sterling at 16.75P ????

Time to buy some more.

Well done.

Just had a chat with my Stockbroker - there is noithing going on that we don't know of as far as they know.

Energy stocks are generally down across the board.

That being the case I have had some at 16.5p.

If it drops some more, I have more, but that looks like bottom.........(today?)

If goes lower, I will buy at every penny it drops from here on in.

i just tesated the water and sold some stock at 16.5 with a view to buy back...support at that level but this is market wide jitters...

Yes prop.

As I had sold out before this (around 6 months?), is like taking candy from a baby for me, and in fact I am doing the reverse of you, I am sure you had some at much cheaper than that so you can afford to play a bit.

Glad like heck I sold Hardman though, single exposure lets me sleep last night.

The spread is widening out so I think that's all today...........

I'll look back in later.

Some buyers entering the fray...........

I reckon it'll bounce soon.



all imo etc.

Offer 17p, a hike up any moment now I think.........

I'm begining to think you have all left the room.

So be it.
Jus' me and the Institutions.............

Sww,

i'm around, but only in the evenings this week.

Bloodbath today, what's spooking the market?

SWW, I'm still here... Ive just taken my head out of the bucket of sand to have a look.

lol

Andy, I can only think that this is World Market driven.

The release of the strategic reserves in the USA a couple of weeks back prompted the decline, and the importation of EU reserves has not helped, but.................

That is not the end.

These reserves need replacing.

Gas continues to rise although I think it needs to stop soon or it will promote it's own problems.

These stocks will all recover in the short to mid term, there really are no problems.

I say this without due authority, but it is clear to me all will retun as it was.

Personally, I do not like to see oil over $60 a barrel.

It could lead to recession imo.

Keep it between $45 and $60 and we will all be happy.

I think I am, losing it now so time for bed.

So it's me, goal, Andy and the Institutons for tomorrow.

That'll do.

:-) & its a good night from me.

I'm still with it but boy have I had a good thrashing this last couple of weeks. I am 100% into oils and miners - nuff said. Plans for my early retirement have been shelved for the time being - back to work.

Bid for Paladin. 28% higher

Still here but not got so much time right now to post as much. Has been a tough run for of late for me as it has for many others no doubt. The PLR bid has certainly put a bit of excitment into the sector this morning, especially for the mid-caps. The North Sea types, DNX, TLW and VPC etc all up around 8% or so this morning. Still, that only makes up for some of the recent falls, but interesting times indeed for the sector as a whole. Lets hope it continues!

Amvescap add another 3.76m. They now hold 22.20% or 309,444,672.

http://www.companyannouncements.net/cgi-bin/articles/20051020104500Z3311.html

Looks like a good buying opportunity but a few questions:
1. Was SEY affected by Hurricane's Katrina or Rita.
2. Will SEY be affected by Hurricane Wilma? It looks 'kin huge.
3. What is normal PE for oil sector.
Any response appreciated, thanks.