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

Just looked at the price this evening, I cant believe it dropped so much today, I find it absolutely shocking....There is no justification what so ever.... Just how low can it go? I am sure every investors are saying the same..... Personally I think the principles of shares holding is out of the window....

I feel it is way over the top and it is a load of b*llocks all this talk of the economy slowing down blah, blah, blah.....It appears to have worked in what the bank in the USA and Uk have been saying, causing the price of the metal and energy to drop like lead, so they dont have rise the interest to control the inflation due to rising price of the energy commodities? Crafty sods!

Where is the proof of economy slowing down, only if the US raises their interest, which I beleive is a big big gamble. I dont think they ever will.

Surely the demand for oil is still high, we depend on it more than metal. You cant use metal to run cars! So why should oil be badly affected like metal??

Sorry, but I just had have a moan!!!!!

R88AVE - I am afarid markets are not entirely logical, though they do have a nasty habit of guessing med/long term trends quite accurately .... At the moment, babies and bathwater are being thrown to the dogs (had to mix the metaphors; sorry!) without any forethought other than survival

cynic, whats plan then. is it adviseable to hold if you're making losses!

The daft thing about it all this, nothing changed, it is still producing oil, raking in money, even when shares 33p, investors were still piling in then!, So now it must massively cheap, like everything else, but when will investors have the balls to go back in again...thats a big when??? I wonder

I'm gonna take a gamble and say it could fall to 23 then 21 then 18-19m then 15-16. I've not looked at a chart but I remember these levels on the way up. I don't hold it but I've lost on other oil charts. Then again it might be good. dunno

Markets are an educated gamble.

My gamble is that if this hits 20p again, I will start buying and anywhere down from there.


Dont think it will though most likely stay above that.

Saintserf -
So we should use your advice and probably act opposit!

This is more like, come on get back to 33p and start again eh!

Two lots of 215000 shares at 26.5p just gone through to buy, is it a hint that directors have bought some do you think?

Yep you probably should. but i'm still not convinced this is the start of the uptrend again.

If it passes 33p we can beleive it's the start of the uptrend againa. We should wait

Found this being tipped.

http://www.fool.co.uk/news/comment/2006/c060525b.htm?ref=foolwatch

r88ave,

many thanks for that.

Nice rise today, but on low volume.

Andy,

Staying aboard ship for the voyage! Guess you will be at AGM 15th June if you can. Unfortunately only back from hols on 16th so would very much appreciate posting on this thread on highlights. Incidentally, picked up a few more FDI in hopes for Groen results!

what ship are you on Ray ???

mengelbretson,

I'm on the "good ship SEY" with a full cargo bound for Madagascar, Kurdistan and beyond - are you on the cruise?

Ray A,

Yes I hope to attend the AGM. and if I do I will be happy to report the highlights here.

Andy,

Thanks! We are just off to Montenegro, no chance to follow things from there.

Ray A,

Ok have a good time, hopefully we will be north of here by the time you return!

I have not held this stock for a while now and have missed the up and down movement because of that.

But I sold because had fears that the following could happen.

Posted over on advfn, only right that you are all aware here.

Whatever you do, do your own research, I would have thought anyone with an arm and leg in Sterling would be sensible and buy the article, as whether you share it, that's another issue.

remus98 - 30 May'06 - 15:58 - 6575 of 6586


This has been on the http://www.africaintelligence.com/C/modules/search/search.asp site for a few days. I've tried to speak to SEY and have emailed them but no one avaiable to speak to me.

AFRICA ENERGY INTELLIGENCE N417 - 24/05/2006
OIL & GAS
Sterling Braces for Change
Africa Energy Intelligence understands the Mauritanian government is seeking to re-negotiate the stakes of Britains Sterling in the Chinguetti field in Mauritanias offshore. (...).
[ 354 words ] [ 4 ] Read the article