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

SHARES MAG TODAY POINTED THAT RESULTS COMING SOON, AND INVESTORS TAKING ADVANTAGE OF THE LAST DROP IN PRICE.
PLEASE CHECK THE ACTUAL MAG.

georgetrio - if you are suggesting shares mag caused this, you have a lot to learn.

No offence intended.

SWW, keeping the thread in line still i see!

Somone has to prop, you've been absent making loads of dosh elsewhere, so I feel kijnd of responsible for all the poor punters who just arrive to make money here without sweating the blood that we did for out few pennies.

Tell you what, there's a ready made millionaire in waiting who uses this thread, and it's not me!!!

Someone has their shirt on this going through the roof, of course it will once Exxon get off their backsides and do something about Sterlings seismic in Madagascar.

That me old mate, is the big one!

Buy now sell 4 years time.

Dont know if I will still hold by then unless I just forget about them.

I gone fully paid up for a change too to stop my petty fiddling with buys and sells.

me too....PANR is the way to go. seriously seriously have a look on advfn

Will do me old Plum....

"Woodside bids for Energy Partners
AFX


NEW ORLEANS (AFX) - Australian petroleum producer Woodside Exploration Ltd. formally opened its $880 million bid Thursday to take over New Orleans-based Energy Partners Ltd., which already is planning to merge with another Louisiana oil and gas company.

In an unsolicited offer, Woodside offered $23 for each outstanding share of EPL. The deal is contingent upon the scuttling of EPL's pending $1.4 billion acquisition of Lafayette-based Stone Energy Corp.

Woodside's price could rise, based on the outcome of a suit Woodside has filed in Delaware.

Woodside said that if either of two termination fees tied to the EPL-Stone deal are invalidated as a result of the suit, the offer will rise to $23.50 per share. If both fees are ruled invalid, the price will be $24 per share, Woodside said.

In midmorning trading on the New York Stock Exchange, EPL shares were up 24 cents, or 0.98 percent, at 24.79.

EPL, which disclosed receiving the offer on Monday, has said that it is reviewing Woodside's proposal. In the meantime, EPL shareholders are now reviewing the proposed Stone acquisition. Stone has said it intends to proceed with the EPL deal.

Woodside also said it filed suit in Delaware challenging an EPL bylaw requiring 85 percent of the company's shareholders to approve the removal and appointment of the company's board members. Woodside said it believes only a majority of EPL shareholders have to approve such a move.

Through its Covington, La.-based subsidiary, ATS Inc., Woodside said it wants to replace the EPL board with its own nominees.

The tender offer by Woodside is effective until Sept. 28.

Woodside, based in Perth, Australia, has been involved in U.S. exploration activities since 1999. The company says it has 3,400 employees, exploration interests in 11 countries and petroleum production in four.

In another attempt to boost its presence in the Gulf of Mexico, Woodside acquired Houston-based Gryphon Exploration last year.

Woodside is the operator and one-sixth owner of the North West Shelf Venture, Australia's largest natural resources project that includes oil and natural gas, liquefied natural gas and liquid petroleum gas.

What has Woodsides offer got to do with SEYlarge trades today,in fact woods. news was floated or mentioned a few days ago,any views.

seawall

I think, you get me wrong, because the ref in the SHARE MAG was a positive one to SEY . In the sense that investors are returning to buy SEY cheap due to recent fall. i did have a quick read but tomorrow i will post the exact words of the MAG.
should i say you owe me an apology?

mbugger - well I thought you would know that answer, but here goes........

Woodside have stated an intention to aquire other Companies operating in thr Gulf of Mexico, last week in thier interims, here is the first.

Stelring have a number of assets, some of which they share with Woodside, Sheel are rumoured to be buying Premier, as are a Mexican Company, it could be the start of M &A activity and that could be the reasons for the large transactions today, on the other hand, maybe not!

geogetio I accept your apology, thank you for being so gracious.

I had followed SEY for the last few days as the Indicators were pointing to being oversold soon, today's share reaction on the way UP and large trades with total volume reaching record numbers, made me think it was time for the selection of the share on the "UPS" thread.

Indicators RSI, Slow Stochastic and MACD are all now on the rise on reaching bottom (oversold)

According to the Telegraph, a new American Investor 'mopped up' more than 30 mill shares yesterday - now that is exciting!

yep, Sterling's cash flow is increasing despite those little concerns, and when a company's cash flow is top banana, dividend can not be rule out, acquisition becomes easy, balance sheet is improving but shareholders should fight any dodgy bidders. Sterling is now cutely profitable. will not sell even half a share at this stage. Same thing will happen in FAO in few months. Best luck

Morning all,
Back in to SEY today after all the shenanigans of the last couple of days. I think it's safe to go back into the water!

it was the Market Report in the Daily Telegraph on friday who reported that a new american Investor had picked up 30 million shares. (see telegraph on-line ).
now that is exciting!

CAPITAL GROUP COMPANIES HAS INCREASED ITS HOLDING IN STERLING ENERGY
TO 86 165 000..........6.14%

SOURCE: RNS

Please note that any holdings by intitutional investors above 5% is significant and can not be disregarded. Now it is interesting.
I repeat: SEY is a top banana company for longterm investors

Best luck to all and to myself

georgetrio,

Sorry wrong thread!

AGM was in June, interims are on 22/09/2006.

Thanks Andy, looking forward to that.

Andy

PER below 4. How do you arrive at this number?.

churchill2,

Ooops, I meant earnings v market cap, as market cap is currently 280 million, and I expect 70 million earnings this year, more in 2007.

This appears too low to me, Max petroleum for eaxmple have a market cap in excess of 300 million, and no definate resources, and certainly no earnings in 2006.