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

Frankly the sp is reacting to a strike like GKP...ridiculous....another company still with big debt and an assumption that there is huge amounts of crude at the bottom of a well that won't be tested for another 6 months....market cap now 300 million with little production and a possible dry well and another possible duster in Madagascar (not a bad name that mad-a-gas-car)....jokes aside.....way overvalued already...!.

like some one posted earlier.....high risk high reward......so in we go....and with a measured amount of risk....and investment...i am sure that would get most individuals vote.....now where is my crystal ball.....

The two companies
that have previously
made the transition
from oil exploration
minnows to members
of the FTSE 100,
Tullow Oil (TLW) and
Cairn Energy (CNE),
relied on success with
the drill bit to fuel their
precipitous growth.
Sterling which is
testing a potentially
huge prospect in Kurdistan, Northern Iraq, with its Sangaw
North well could follow in their footsteps. Success in Kurdistan
would drive the share price to several times its current level, and
in the medium to longer-term the group sees similar potential in
its acreage in Cameroon and Madagascar. SAYS SHARES MAG SEPT 24

required field - spot on.

Reality will kick in one day, this company has an awful lot to do but there is a small chance that after the sale of US assets, after a big in line strike in Kurdistan, after paying off the remaining debt, parity will be resumed.

Till then I suppose it is a penny punt but don't expect too much yet.

If they come up with nothing when the well is drilled...this will dive to less than half a penny so there is a big, big risk in investing here....and it is worth 300 million pounds as the sp stands plus debt...crazy !.

4.17 -4.19p +0.11p

the bounce is back with volume and a very strong order book on the bid side

nuts....

If he has no dealing charge then he can make money on .01p but those of us who have to pay a charge need to feel it will rise a lot more. BB

required field / poo bear

You are two of the same, though "poo bear" have done a bit of reading, wasting time around though you have no shares on the company.

Anyway I am not going to repeat the positive aspects of the company again, if you really want to, do the research , keep going back to old post.

Most investors are positive on the shares an in live, and that is why they put money on the shares.

Now you case is allways NEGATVITY, meaning you live is just the same with IFs.

Solution
Sort out your live first and then come back to the STOCK MARKET

Balerboy or is balet boy

re - 0.01p

go back to the BALL ROOM and after to math class, maybe later change your glasses

0.10p is 3%, most FTSE companies do not change that much on a day mind you 2 hours

touchy ehhh....yes SEY is rising but why ? ; on the back of Gulfkeystone's discovery...it still has debt and is valued at over 300 million....with little production...a correct valuation would send this back to between 2p to 3p at the most....

if 10p was on the table i'd jump at it, but can't see how you get that figure.?? plus a spread of 1.7% makes it complete crap

The inane rubbish you talk would have more impact if you learnt to spell, MRSI.

I think you'll find if you go back thr' the thread he correctly said this was on the 'up' as he has with many other stocks, nearly all of which do so. That speaks for itself whatever you may say.

I would take a punt on Sterling at 2.5p...but 4p plus : no way !.

the trend is your friend, a momentum play at present.

dealerdear

many thanks for putting some of the posters on the right place.

HARRYCAT

as it happens I have no " St. George blood " on my vains, but as a foreigner can give lessons on shares valuations and when will they move Up.

I know the reason for your comments, on the past i had to put you on you right place, so keep complaining if you feel better, but you will be more stupit as time goes by.

We are talking business not grammar, for you attention I do not event read back my typping just click - post message - after the typping.

edit - The last time I called you PUSSYCAT, do you remember?next time if is any maybe I will have to go back to the same special nickname.

SEY is the 3er most traded share today so far, at the rate can take 2nd place soon

1 RBS Royal Bank Scot 79,783K

2 WTI Weatherly 43,255K

3 SEY Sterling Energy 43,078K

required field

Stop taking rubish

The shares went well well down cos of the huge debt and oil price moving lower once again.

Now the debt situation has been address after the placing and the OIL price has recovered a lot from $40 to $70.

Just look at the chart below,
most times the share price reaches those highs once again with time,
and on looking the way the trend goes is pointing to that with time

good luck with you assestment, but there is not much reason behind it.

Maybe is time to look for other shares if this one is not at your prices, do not waste time around will be my advise