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

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

Looking at the Level 2, it seems a seller has come along late this morning introducing orders at 4.10p offer ( meaning wants to sell stock at his lower price ) the next price is at 4.20p offer, so till this is gone the price will not go better. maybe is a chance to get better price for the buyers.

You will undertand what I am saying looking at trades, were the last "AT" are all 4.10p, those are sells from the order book offer side.


The stock is now the second best traded

1 RBS Royal Bank Scot 87,949K

2 SEY Sterling Energy 47,283K

3 WTI Weatherly 46,328K

Sterling is rising on the back of GKP's success and also helped by "What's hot" tipping it...I'm just saying that it is way overvalued ....this is a one trick poney if you forget about the future madagascar drilling (that won't happen for 2 years yet).....so I'm pleased some people are profiting from the rise at the moment, but what's it going to be valued at when they spud : 500 million ...5p plus...it's becoming a joke !.

Oh dear Master - and there was I thinking you had a lot to offer........

Everyone can have a view and I thought mine was not so negative as you have made out, it dealt in facts.

You deal in lines on graphs and which have proved to be correct on more than one occasion, however that does not change what they need to do, by the way read the interims, Sterling say the same as me.

Don't try to advise me on my life or investments and I be tempted to advise you.

Personally I think this is a punt as I stated, what will you do ltbh?

Don't think so......

By the way is your christian name Paul?

poo bear : it is a punt....and high risk....heavens forbid if they find nothing....those that got in at 2.5p : well that's fine...but now far too risky to come in...

Oh master well done you have confounded your critics!

halifax

re -you have confounded your critics!

It is easy to talk, but in practise is more difficult to do it.
So far my idea is working to the plan, It was going to move north from there.

And as I said earlier the seller at 4.10p now it seems is gone so UP we go again

A the spread 4.23 / 4.29p +0.23p

the order book is still very strong on the bid side, as much a double the amount on the offer

If his christaian name is paul he will have a quite a few critics.........

another positive day with lots of volume, maybe something afoot soon
Good call once again Master RSI, spot on with the timing

required field - they are not likely to find nothing in Kurdisrtan.

Go to the web site and look at the info there, oil seeps on camera plus proven rock formation whichb is anangenopus to Taq taq.

Its all about how much imv.

As I said it's a punt, but the odds are smaller than usual industry standards imv.

Im holding for 10p.

THe sp is up with a strike already priced in....oil seeps on the surface is not a sure bet.....see Uganda drilling....this is valued at 350 million with just possible potential....what is it going to be valued at with a confirmed oil strike a billion ? then how much is Gulfkeystone valued at ? 3 billion....no... Sterling Energy is way overvalued by a mile...leaves no room for any discovery of any kind...

Is the forthcoming 2 for 9 rights issue @ 1.3p already adjusted in the sp?

HALIFAX - I discused this on threads dated 11 September, mainly with Master RSI, who seems to have more of a clue than most thread writers. As Master RSI said, and I now agree, it is not a rights issue but an "open offer". Those who were registered with SEY shares, I think at about the beginning of September, will be invited to buy more shares at 2 for 9 at 1.3p sometime in November i.e an entitlement. One does not have to take them up ( but should do ), and those shares not taken up will be offered to "underwriters". Their is no ex rights price or premium and no exrights date. I guess the open offer may stay open for a limited period of about 2 weeks. At 2 for 9 at 1.3p we are not talking about big money or big share price changes, but I personally think the shares may weaken at that time by a small amount but not significantly.
Also after this it was said that their would be a share consolidation, which is no bad thing. I think you do not have to worry and personnaly I would not try waiting until November for a better price, as you may be late for the forthcoming action. (Refer 11 Sep blogs )

REQUIRED FIELD - Evidently as you keep saying SEY is overvalued, you do not have any ? So why keep singing the same hymn ? As a matter of fact, besides Kurdistan, SEY has assets for sale in USA probably valued now at $100 million, plus small production offshore Mauritania, plus two large very promising acreages offshore Madagascar ( one of which Exxon is said to be drilling next year ), plus promising acerage offshore Eqitorial Guinea / Cameroon, and other interests. If Kurdistan stays stable, SEY will not be priced at 4.25p after they spud in, (December). If they find nothing of course they will drop back, but they do have other things.

rekirkham tks for the explanation, then as we see it as they are "ex" the offer if shareholders/underwriters buy all the shares on offer then at todays price the sp will be 3.75p when adjusted downwards by MM's.So if considering topping up best wait till after the new shares are issued in November, unless of course they announce some good news meantime which drives the sp upwards.

Halifax - Just had a word with my stockbroker. He says although their is an " Open offer ex date", it means that the offer will be sent out to those shareholders on the SEY register at 8 September 2009. It should not be read as the "Ex-Offer date". Confusing is it not ! He said an Open Offer is like a Rights Issue in so far as it has an Ex Offer Date, afterwhich the price may drop to 3.75p as you suggest, but no nil paid shares are marketed. Do you get it ? I just about do.
Therefore the current price of SEY includes the entitlement of 2 for 9 at 1.3p, and is not "ex-offer" ( as I wrongly suggested). Does that help or confuse ???
I suppose in November we shall receive the offer and have to take it up or not by the closing date. ( Unlike a rights issue we do not have nil paid shares )

rekirkham don't disagree but the entitlement to buy the new shares only applys to shares held prior to 8th september as we see it. Therefore if we buy more shares before november then we are not going to get any offer on those shares. The november offer will dilute existing shareholdins by 22% approx.