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

well the new team are crap , they are a bloody joke

well the new team are crap , they are a bloody joke

Grandpa Cynic has been telling you all for ages that this stock is a waste of portfolio space

I came close to buying these on a number of occasions, very pleased I didn't, the reason being I already hold several oilies.
2517

I can't understand you TANKER.

How long have you held these?

You average out at 16.something and that's where the sp is, so do yourself a favour and sell out.

I am not so sure the Management are crap either, but on the other hand they are committed to loads of paper on the eventuality that the gambles at Chinguetti and now Whittier pay off, and we already know Chinguetti is a "sick puppy", producing less that one third even after remedial work at Chinguetti 18.

Yes, I know the cash they get from it is free money but it has been paid for by share placings so it really isn't free after all is it?

Now if Whittier goes tits up, Sterling will never recover, and that has a 40 well drill program this year, so there is every chance for it to shine or flop.

Not holding and not intending to.

thanks for that sea,

sea , the ceo is usless thats why holders are selling they do not like him at all . complete no hoper.

TANKER - I still don't agree with you, but each to their own.

People are selling because of the adverse publicity on ADVFN this morning where there was a bet called in by a player that the sp would not have moved beyond 16 pence in 6 months to now, it hasn't!

I wont slag off the CEO, he is a very clever man and this company does have direction, it's just that it is stalled just now over a number of factors, indicated earlier plus there is post acquisition lethargy as the companies merge together.

You can't blame the CEO for Chinguetti failures, nor the lack of successful drills in Mauritania, or even the price of oil.

As to the company strategy, no one has doubted it till recently, you could not have or you would not have bought in.

As an ex holder, I am still interested in the fortunes of Sterling, but much less worried.

I see the selling today has forced a little money men action to prop the price up, a large spread to deter punters from selling.

Don' think that will stop in now as the head and shoulders completes itself on the back of no news.

14.5pence will be the next bottom if current support fails.

All imo dyor etc.

So where is the Company Bulldog now?

sea , they only person that can stop the rot is the ceo and he has said fu-k all . very bad for the company,and holders,

Fair point TANKER

sww - do you not think there may be just a tad of end of tax year effect here. MMs lowering price to protect against eoy crystalisation of losses (or profits, lol!)

Happy Easter

22p being the 25dma, looks to be providing pretty good support, so arguably a good price to buy at

Cynic, I don't know what you are talking about - support at 22p for SEY???
It is 16p now.

your absolutely right .... my brain had obviously fallen on the floor ..... should have been posted on VML!

LOL

Stuffed if I know stockdog.


Looks somewhat adrift again.

Don't understand it, can't get my head around it, wish it was better, but it ain't!

Chinguetti still looks crap to me and that's where the money is currently.

Tullow forecast average of 22100kbopd for Chinguetti in 2007

Funny how some see this as a recovery at Chinguetti, I recall one poster shouting around a figure of 32kbopd after the remedial well at Chinguetti 18, on here once upon a time!

Wrong!

There are other items of interest to Tullow holders in particular and a few more bits on Mauritania.

Have a read.

SWW,

A poster can only post what the company themselves are saying.

Was it you then?

I did not think so......

SWW,

No it certainly wan't.

I have reduced here.

I feel management are out of touch with the market's requirements, they need to reduce the amount of paper IMO.

The persistent problems at Chinguetti, though not SEY's fault, sadly don't look as though they are going to be resolved anytime soon.

Add on some disappointing exploration results, and I don't see the same prospects as i once did.