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

sounds very much like a forced sale

cynic

re - sounds very much like a forced sale

The company has been trying to sell the US assets for a very long time now


re - and further amounts may become payable depending on future oil and gas prices over the next three years.

that is a good deal, if considering the prices are expected to be on the rise, so further money should be recoup from that.

personally, i shall stay away from this company .... though there may be good profits to make on 0.25p moves, provided you remember to bank them! ..... there are so many tasty fish in the sea at the moment that i see no need to try and pick at the plankton, especially as some will assuredly turn out to be poisonous

Cynic - Please list the tasty fish for us, and let us see your recommendations, rather than passing empty comments.
I'm not trying to put you down but I am looking for ideas.

in such a booming market it's hard to know which still have the most legs, but any of the following are worth a look ....

TLW, AFR, AMEC, CEY, CSR, POG, KAH, PMO, MCRO, WMH, FTSE, DOW

how many do you want?

Thanks Cynic for some ideas - I will trawl through them. I know AMEC was tipped in the Sunday Telegraph. Tullow's oil in East Africa is said to be waxy and may require a heated pipeline, but I shall have another look at it, together with the others. I have not traded indexes before such as FTSE or DOW.
I usually do day trading with CFD,s and Direct Market Access, following the free charts I get when logging into my IG Index account ( although I do not now do spread betting ). I seem to remember that you trade CFD,s.? Thanks again.

i'm certainly not nearly brave enough to day-trade ...... seems to me, that unless you have very sophisticated methods and discipline and a very deep wallet, it is the certain road to perdition

What makes me think that when GKP calms down : there will be a part switch over to this.....I think the only way to play SEY is the "free ride syndrome".....buy a lot : it rises (we hope) and sell half later and leaving the remaining amount on an all or nothing sort of thing....those in at a lower price can do the selling at a lower price of course....risky but Gulfkeystone are pulling this one up.

required field - What you may consider with SEY - They will have the "Open Offer" and probably share consolidation in November, which if you take up the offer you will have 11 shares for every 9 now but at a reduced price, which as I see it may not effect the value much; plus they may start drilling in mid December, and probably get near to the first geological level by about ?? mid february, which means others may buy in anticipation of an oil find. If you do not want the risk sell all or half towards the beginning of february. I think that would be a far play. I don't see any bad news ahead, as the bank problem is now sorted, plus they may get a farm in partner for Madagascar, or clearance with the boarder disute near Cameroon.

the bad news would be a duster, and that would be a disaster for a plankton company/share like SEY

required field - Alas there could be a problem with those guys in Bagdad, and the "illegal" Kurdistan oil drilling contracts, but Kurdistan oil exploration has probably now got too well established, and Bagdad needs the cash !

none of that matters one jot if SEY fail to find commercial quantities of oil with their first try ..... you have or should have read that the odds are about 4/1 which is about the norm

Yes....and today's news is good because selling the USA assets could have gone on for another 6 months or so, perhaps longer...even though I still think this is overvalued,... if the market prices it up : it goes up....the offer will not have any bad effect on the sp at all in my opinion and I reckon we shall see 8 or 9p for the sp way before any oil is discovered.....this does look a lot better than a few months back......we need to check the seimic on this new well....

Evolution says 6p and if they hit oil, many times that.

no wonder that the share have been a bit weak lately .........


Westmount disposes of 15m Sterling Energy shares

Westmount Energy says that it has disposed of 15m shares in Sterling Energy at a price opf 4.7p each.

The Company says that it now holds 65m shares in Sterling Energy and 5.1m shares in Desire Petroleum.

The Westmount Board comments that the next six months should be an exciting time for Sterling and Desire with drilling expected to commence in Kurdistan on Sterling's acreage and the long awaited rig will in November commence its voyage to the Falkland islands with drilling planned by Desire for early 2010.

so why are they selling?

Precisely !....at a guess : probably profit taking with free ride on a certain amount of stock and now capital in hand.

I am talking about ME..

Just bought in, going to take the gamble on Sangaw. Impressed Mr Denis O'Brien EX Deputy Governor Bank of Ireland has a 14% interest in the stock.

http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10183461

Must be Rights Issue time for these boys very soon?