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

Morning all. Good start to the day.

morning...just had a lovely marmite and cheese panini with a double espresso macciato from starbucks. lovely. 4 quid though for a bite of brekkie is a bit annoying but with SEY starting nicely it pays for itself just a few times over!

anyway chaps, this quid by xmas speculation. my take is that we have all been around a while and need to keep our head out of the clouds and focus on the real news and prospects (all stated with the upmost respect to Team SEY). if we have a strike, i put the shares at 40 to 45p. if that is followed by a second then the shares will head steadily north. reality is that we need to prove the field and then onwards and upwards.

i really meant it when i mentioned the discovery discount, but for these to manage a quid i think we need solid results with multi well success.

my view...quid by end of Q1 2005. don't shoot me for being cautionary, i would be delighted to be wrong and see that quid by christmas.

a few buyers on the pad...i bet that 200,000 seller is the rollover punter from yesterday...

Well proptrade.

I like your cautionary note and your taste in a good breakfast.

i can but try...big miss on easyjet, i had a real fancy for them at sub 120 but missed it. bugger.

Mee too.

I saw it go down when I had money all tied, made some available and was waiting, like you for sub 120p.

The only time I have won is with Fusion OIl & Gas, but that was daylight robbery by the predator, Sterling Energy, I think was it's name.

Just as well things have gone from good to better otherwise I would be cross >>:-(

Win some................

Couple of trades gone through buy at 19p, one a very nice 320k.

Yum yum!

just saw that as well...20p chaps

Found this on an other BB. Thought you guy's might be interested.

MS

Badtime,
re the discussions on the other thread, i think if you are looking for the 'jewel in the crown' in terms of a long term buy and hold it is SEY.
although it has its special days in terms of share price rise(like today)i believe it is really a share that will steadily track upwards over a long period of time.
with their own wells and those acquired by the Osprey acquisition now working at full production these wells alone have at least 15 years supply of gas and this will ensure ongoing increases in profits and cash flows for many years to come.
equally important is they have no need for any further financing unlike virtually all the other smaller oil and gas cos.
the Fusion acquisition on the other hand is where free rides on other companies
r and d and capital expenditure off Mauratania will kick in commissions and royalties from the 2005/6 financial year and will lead to a quantum leap in the size of the co.this allied to their own licences off Madagasgar,stakes in Guinea Basau and other places secures the long term future of the company and will lead to SEY becoming a much bigger player in this market over the next 2 years and beyond..
they have put in place a near perfect strategy which should significantly reward patient investors.
imo,a great share to have in the non trading part of anybodys portfolio.

badtime - 22 Oct'04 - 08:56 - 1672 of 1676


All points noted barry.

Hectorp - 22 Oct'04 - 09:47 - 1673 of 1676


Good post barryrog. You've prompted me into one of my rambles now.

Short term there will be glitches of course, but your case states that its a long term aquisition stock, build a holding and add on any weakness, look to 2-3 years ahead and find you have probably doubled or trebled on your investment .
meantime we do have short term resistance around 19p and this can only be broken through on further good news.
This of course is balanced by this Price of crude which I think is a spike, allow that our oil stocks are vulnerable to short term corrections when (!) the POO comes back into the $30's.
Even so, a POO of $34-38 in 2005, is hugely beneficial to profitability of all our oil stocks including SEY.
If at the end of 2005 crude is still at least $34, all our current oil stocks prices will be higher yet on this alone. and even at $34, we would still be in a 'high crude price' environment.
all IMO of course
H.

Nice bit of research ms.


I am having a sandwich sent over from last weeks packed lunch which I forgot to eat!

Just like the one British Railways use to sell. All curly and crusty at the edges.

MS

quite agree,(not about the curly sandwich, yeuk) think low downside with this one with massive potential.Already small profit just waiting for the good news which will have us "gushing" with happiness.....sorry

gushing...word of the week award!

Toad in the hole and salad tonight, boys.

now that's a very good dinner. stodge with some salad. me, I prefer toad in the hole with mashed potatoes and beans. so that's stodge with more stodge and just to finish off a bit more stodge. Apple pie and custard will be perfect to round off the meal. Don't forget that my pie has apples in it. So all in all my meal will be just the same as yours, stodge with some fruit!

Mmmmmm...nothing better. i am having japanese which i normally love but now you have distracted my tastebuds!

Sorry, Prop. The thought of all that raw fish does nothing whatsoever for me.

me neither now you have mentioned the taod in the hole (tell me u are not having gravy..i might need you to post some if u are!)

I wouldn't dare ruin all of that light and crispy batter by soaking it in gravy.

:o)

my humble apologies...did i commit a faux pas????