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

Exactly why I had a clear out.

SWW, Cynic, Queen - Talking of charting - rather than H&S of the last few months, actually I see Three Bumps and a Craggy Mountain of the last two years - we've just come back down to the level of the bumps before the mountain, according to classic theory, which is actually a new quite strong base of support.

We'll see.

Main article of MoneyWeek this weeek is a number of commentators expressing doubts about the continued commodity bull, incl. oil.

We'll see.

Post image did not work.

SWW - I've had more dogs in my portfolio over the years than Battersea have in their home so I know where you're coming from :-)

Cynic - Apt nickname. IMO there's more than a vague hope that SEY will go up but as ever only time will tell.

Stockdog - Nice image!

if this were a head and shoulders then sey would be heading to 0p - more likely at present in previous congestion and could go anywhere

maddoctor - who are you to talk, you're mad!

Seriously, ta is fine but e & p oilers are news driven so lets await some news then that's good.

Meantime it may be stuck in a very narrow channel, of course if oil drops more then the H & S may well apply.

(As usual dyor and don't depend on others for advice what to do).

For information only posted over the road on advfn

Starts:- This news is 2 days old.

"An army general in Madagascar has declared military rule in the country."

http://news.bbc.co.uk/1/hi/world/africa/6161398.stm

Before anyone panics here is what JLP say this morning.

"Media Report 18 November 2006 on Madagascar

Jubilee announces that it is aware of a media report alleging a possible coup
could have occurred in Madagascar.

The Company has made stringent enquiries of its advisers, employees and
consultants resident and operating in Madagascar, both in the regions and the
capital Antananarivo. The Company has received unanimous assurances from the
aforementioned that the capital and surrounding areas are peaceful and that
business is as normal."

And it looks like its all over..........

http://news.bbc.co.uk/1/low/world/africa/2781291.stm

I wonder why JLP commneted at all?

All the same these African Nations, always someone wanting to be the Boss. -Ends

love it ..... "a media report alleging a possible coup could have occurred" .... doesn't get much more unsubstantiated than that!

Incredibly vague......

The arrest of the leader is a bit of the same.

Funny old game news reporting.

BBC as well!

Slipping standards.

Still, there's a 4% drop in JLP, and that's the only news reported, so it has had an effect.

Sterling looking weak, but it may have nothing to do with Madagascar.

And out.........at last I am free.

Bye all and good luck.

Signed an ex-Sterling Bull.

sensible chap ...... now have a look at some "proper" stocks - BUR, TLW, PFC, SHP, SSL, Dow, FTSE and so on and so forth

SWw,

Good luck in your choice of stocks.

I actually think Kurdistan may come in before Madagascar drilling, and we have onshore Texas and Louissiana, plus a few W. African drills to come in the next few months.

I see SEY as "proper" as any other oiler, it takes time, and in the meantime the cash is mounting up.

Cynic, if you're not a holder why are you continually on the thread, putting SEY down? Are we shorting perhaps?

i am not shorting; i used to be a holder; i was asked to comment by SWW ...... any other questions?

Well actually you didn't answer the question as to why you're always putting the share down. Everyone's entitled to their opinion although it adds credibility if you're actually a holder.

i showed the logic to support my opinion ..... if you don't like it, then that is your prerogative ...... as is the choice of whether you keep holding the shares or even throwing in more money when imo, it could be much better utilised elsewhere

Indeed. Let's hope that Vulcan perspective doesn't become a reality :-)

only Vulcan I know, was blacksmith to the gods, and in much later years, the name given to an RAF bomber with atomic capability

Not a Trekkie then!

assuredly not, though i do walk round the golf course and even go further afield when on holiday