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

stop boasting, what year is your dripping....

LOL

Been a buyer on a few occasions today.
I now therefore agree with Hilary, there is a rumour of a rumour and these will be a quid by xmas, fill yer boots.
d.

Evening all

Just got home and see I missed some fun this afternoon. Bought a small position last week and increased it yesterday !!!

Currently largely invested in DNX but happy to hold both currently.

As for food, told the missus we're going out for dinner as im in a very good mood after today

SWW - if you want to talk food - pop into GDs Tea Room - bunny will chat food all day long!!!!

Well that was a fun day all round. Good timing on your buys Fundamentalist, you definitely got in at the right time. Fish supper tasted particularly good tonight!

If fundys bought in I'd better sell up. Probably bust by Christmas

Jeffy

I believe a few weeks ago you told me DNX was fully valued!!!!!!!

Ohhhhhhh...............
and I do not really want to talk food ta!!!!!!

Promise to stick to the point.

I will have a look at GD's Tea Rooms too, thanks for the tip.

Have a nice tomorrow

Morning all, here's to a good day hopefully.

And we're off.........

up 1/4p in early trading!

Make that a 1/2p

Big lumps being bitten off too........

I do like these starts to the day, up .5 and good volume. :-))

The whole sector is moving up again today.

As proptrade said yesterday, it is hot, hot, hot!

Morning boys. What's for breakfast?

lol.

More of the same I hope, and I don't mean curry ;-))

I'm suffering this morning, SWW. Didn't get to bed till 2:30am. Lovely meal though.

Think I'll skip breakfast.

Saw your post re PLR, nice............

Dpon't mind if you suceed with this one as well

morning boys and girls....

another day of blue i see, never a bad thing. hand on heart i prefer the steady rise than the hopping around the stock did yesterday.

the entire sector is in play and i have to say if i was holding some sexy gains in bigger names than SEY i would think about taking some profit off the table (and switch some into SEY!!??). this sectorial phenomenon is in its sweet spot right and who knows how long it will last...that is just proptraders proptrading thought for the day....

Agree oil is the hot sector right now and a lot of the shares have had strong continuous rises over the last 12 months. Indeed, some have rocketed significantly over the last weeks or so. Question to ask is is this the market wakening up to oil companies or just hot money piling in to any oil company? Read a piece on another BB the other day, someone had just bought into PET then asked when the market closed that day. I think it's pretty safe to say that there is a lot of hot money and outright gambling going on there.

The way I see the sector and investing here, I don't mind having a smallish punt on a company that has prospects with upcoming drilling but no track record, eg PCI. But would rather invest more heavily into a company that has both existing asstes and upcoming drilling programs eg SEY and a few others i'm looking at, mainly Soco.

Also have to consider the demand/supply equation. World demand for oil is rising but is supply matching it? IMO, China and India are and will continue to consume vast quantities of oil and can that demand be met? Are OPEC pumping at full capacity, another arguement there that they are not so can't meet rising demand. Where is the oil price going to head over the next few years? I don't think we will see cheap oil again, eg $20-25bbl consistently. Long term is looks like it will keep rising to me, but that's just my take on it all.

Definitely interesting times lie ahead for oil. Well these are just some of my thoughts on all of this. Think I need to lie down now after writing all that!

great spiel, always appreciate a coherent view...

i agree that the supply demand issue is key to the global economy and intrinsic to the long term price of oil. If one is to believe that levels are such that we need to rebase the oil sector we have to watch out for when the bubble overshoots the new price band.

interesting times but the rising tide argument lifting all boats is a dangerous one when you consider there is still alot of unproducing wildcat names in what is historically a highly volitile sector.

i would rather back oil names right now with existing production and proven fields at a relatively rich valuation than just cottoning on to the laggard for cheapness sake.

happy punting...