anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/



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jameel, after post 5912 I am convinced you would be much happier at the LSE.

Jameel ... you are heading for a smacked bottom (lol), so just behave yourself

cynic,

"Cynic would not have bought SEY a couple of years ago!"

I can understand why, and I have changed my strategy to buying either producers with exploration potential, or near producers, preferably with same.

Two years ago SEy were a producer, and Chinguetti was a long way off over the horizon. It could be argued that I could hve invested elsewhere whilst SEY moved up and down within the 12p - 20p trading range.

The reason I stayed with SEY is my belief in their management quality, and the tax advantage BATR brings after two years of holding an AIM stock.

The reason I like Concorde, is for the same reasons, and they will become a producer, albeit in a small way, as soon as the Pechora Energy purchase is complete.

As my junior companies become larger, I have to plant a few seeds, and CDE is my next one, I see it as SEY four years ago, but I have a feeling they will grow quicker.

SEY 1 by Christmas. How's that for a ramp? What a load of old tosh jameel, ease up. Where's deadfred when you need him? He'll sort you out.

Andy,
If you are into tiddlers with potential and you don't mind having a go at Ofex stocks, take a look at HEP. I bought in a few at 7p, and they are now 13p if you want any. EPG their larger Australian partner will list on Aim this year. Their price now, is such that HEP could almost treble and not look expensive in comparison.

Pond Life,

thanks, I will do.

Funny you should say that, I was at Oilbarrel last week, and EPG presented!

I agree, that the CBM project in france looks good

pond life, thanks i will look into epg and hep!

Cynic, I would luv to volunteer for the bum smacking. a bit hard to start off with and then by all means gentle ones to finish would do me just fine..lol

I fear you ain't pretty enough for my attentions Jameel.

dont worry I dont swing both ways yet! Although if u tempt me I might..lol

ouch.

From 33 to 25 in two days! and oil price around its highest levels ever.
Less than 5M traded and 16% down.

whats gone on here? Seems illogical

Its shocking how it can behave like this, I think the investors just panicked big time, with all the hype on what the market is going to do forgetting about everything else, like you said the oil price is still high, so SEY will still generate masses of cash. I have searched everywhere on net to see whats behind it and there is nothing for explaination. I am tempted to get some more, its too cheap!!

rR88VE

r88ve. just got in under 29p! Good buy will sit on this. andy thanks for views yesterday

The whole market's down again today, and the MMs have marked everything down as a protection. So I expect a lot of stop losses have been hit causing a self-fulfiling reaction to the mark down. Nothing to be done now except sit tight. As to buying more - you'd be a brave man whilst the whole market is looking dodgy!

Jameel06
I got in at 27.5p, damn should have the guts to buy at 25p!

Stockdog I cant see this shares going lower than pre April price when it was around 22p or something...thats way too cheap IMO.

R88ve, I couldnt sell eo. in time to get in! capital locked in every where! But I changed strategy and made loss one one to get in cheap on this mother! I hope it does well or else my wife will have me OUT!

Jamee, I think it will recover your losses on other, have hope!!
My first lots were at 24.5p, with all the talk that this baby will go to 1 this year, i still think its a bargain now, which is why I am fishing around because its a good time to hunt for bargains and SEY is defo one of them....Dont forget it reach 33p to buy last week, its no way near peak yet!

going down again

I think many limits were broken without warning. It will be healthier now. 72 to come IMO