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

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????

Nice uptrend!

You lot are lucky. All I've got is a banana.

MS

You did but I'll forgive you, Prop.

:o)

Have a good weekend.

It's a big banana though.

MS

Financial Mail on Sunday (Page 14 Share prices)

City sources are predicting a major deal this week for Sterling Energy. It's shares rose 1p to 18.5p last week, valuing the group at 147 million.

Sterling's chief executive Harry Wilson, has been doing the rounds of City Institutions looking for financing for a major deal.

The half-dozen banks he has seen are said to be impressed by his plans and one or more have come up with the backing to do his deal.

Sterling's main strengths lie in oil fields in the Gulf of Mexico and off west Africa, and it is in the latter that Wilson is thought to have idenitified what one source called a 'company transforming' deal.

END

Hil: Raw fish -- my American sushi-loving friend Susan took her son for sushi. He said "look Mom, wrigglers!" That's right, the folks at the next table were eating stuff That Was Still Moving.

Talking of still moving, I'm back in SEY.