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

SHARE TRADER
OVERSOLD, NEVER MIND. STUPID SELLERS OR GAMBLERS. THEY DO COME BACK though BUT ONLY WHEN THE PARTY IS OVER AND THEY WILL SELL AGAIN.OR they may be some dirty rich people laughing when they lose, cn't blame them. longterm investors will be rewarded. best luck

Sterling ENERGY is a profitable company, strong balance sheet, productive and all that for 21p very cheap indeed. a bit painful to see red but longterm investor with a bit of cash left should strengthened their position if they want to, IMHO. SEY rises from 5p to 31p within five years not bad.

Andy... to answer ur question. The fall is all to do with results coming out from Premier Oil which shows that Chinguetti oil is muc much less than initially estimated. However Premier SP did hold up and increased yesterday as it also received interest from a Oil Major as a potential takeover target!

I was addicted to SEY for a long while and had to sell in Feb. But I am back in yesterday and this will be for the long term

jameel006,

Good to see you back!

I agree, I saw the ROC RNS, but I saw others mention Premier. whilst there's no denting this is disappointing, the reserves have not yet been downgraded, and by SEY's own admission, they are receiving considerably more for their oil than was budgeted for, so there is some offset to the lower production.

Nice to see a little blue today, and hopefully the market will see the potential value here.

Results are due out in mid Septemeber, so there is a chance they will release better then expected figures, or possibly some news.

share trader, I am back and have suffered badly through tyhe summer! Just when I started to accumulate my equity investments I got stung in the summer correction!!!!

Anyways back in SEY only in a small way! Took adv. of the dip two days ago but I guess its not provde a good thing. Nevertheless results day in Sep will be the key event!

Nice to see ur around and well!

Hardman results out, with references to the Chinguetti problems, nothing new to SEY holders though.

Click HERE

ANDY
yes, there is something for SEY holders and that is the sp drops creating excellent opportunity to top up cheap. 18p or 16p will be excellent though. those who cry now will be comforted later if only they stay put. not easy to stay put sometimes.

best luck

georgetrio

I have no SEY, & not doing to well to day with my other two big holds ox, aen, so am looking at goo or aau, but have no knowledge of Sey till your mention of it on the goo thread.

well now the Big Boys really are about!

Too right, brian.

Couldn't believe it this morning when I saw a 6 million and a 6.5 milliion shares trade go through on Squawk Box. Had to hurry in to work to check whether it was a Buy or Sell. Thankfully both were Buys. Somebody's accummulating - and at these prices I can see why.

They know, they will never get it at this price again. smart investors. Too much value here, even though more should be coming.

Tell me a company that you underestimated that becomes a serious player
Tell me a company that stands and rises against all odds
Tell me a business with a hidden values that becomes so big
Tell me something you overlooked that now takes most of your attention.
Well, i think answers may vary from one to another.
Some may say ASHTEAD, or CAIRN, or Golden Prospect, or Sterling Energy, or GOLD OIL. Now how would you feel if you recognise these hidden fortune at early stage? and what would you have done?
Please, never regret, as regret is the effort to undo something in the past on the time scale. It is a trap.
Now why all this about?
DO you see values in STERLING ENERGY? or this non-popular FAO, or this smart builder PVR, or this solid GOO OR the ambitious BLR? We shall see. The surpises will come from SEY, GOO and indeed FAO.

Trades still looking good. 15 m up - long may it last!

more like 37 mill up, they wouldn't be selling at 20p to the Big Boys!

austing2253, brianrog,

Massive volume traded today so far!

Up 0.5p, but the MMs will probably play around with that later!

Look increasingly like Amvescap are making a final move on the Company.

And why not at these prices

wow...VOLUME

Master RSI says stock over hang being cleared prop, looks too big for that.

72.5 million trades so far - I agree sww, too big for a stock over hang.

Been bots running for days, 10,15,20,25k's apart from all the rest