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

GAV,

If so, it will mean a whole lot of re-calculating being done in the city to factor in >$40 per barrel, all very positive for SEY.

Glad I added the other day, they may be in my portfolio for some time!

also added- target med long term hold

interesting - 3 MM sales and the price is still there.....

Burren taking a dip on one good one bad drill result.

Hardman looking cheap at 74p mid.

Lots of others looking a bit sick today.

Cancel that on Burren, back up again, cor wish I had bought on the drop...........

There's a hell of a lot of red trades and some very large ones in fact no buys at all! what's going on?

.

bid is 18.25 - ask is 18.50, so any above 18.30 will most likely be buys.

Too small a spread to make it easy to work out which is which but looking at the trades you can se that I am most likely right. (that'll make a change).

Drop today seems to be in line with some general selling accross the sector recently. Although I do feel that we held up quite well whilst others have fallen before we did today. General market for small caps seems pretty dire right now, end of tax year shifting perhaps.

I agree gav got to be end of tax year.

MS

everything is all sqidgy (technical term). have to agree with the rest of team SEY

Team SEY has spoken and I agree with the other members. We have the tax year ending in a few days and Q1 also ending tomorrow. Some locking in profits seems to have spooked many on other threads/boards. I wonder how many of these people may have been over-leveraged in stocks that have rocketed end of last year/start this year and now realise they didn't want as much exposure when they move downwards as we have now.

Anyway, once we get into April hopefully we shall get rid some of the squidginess from the market! Should have some oils reporting over the coming months also which should be fun!

Double witching hour as end of quarter coincides with end of tax year - all the funds want to show balanced books and all taxpayers want to crystallise appropriate gains to optimise CGT.

It's a liitle hairy to watch some of the real penny stocks with wide spreads showing quite such red margins, but logically they can't all have suddenly developed deteriorating financial prospects across all sectors.

Roll on April 6th when I suspect we will have to be quite quick to get in at these current prices.

SD

Well put Stockdog. Yes it is a little hairy at the moment, but for those of us holding the actual shares and not leveraged it's a bit easier just to ride it out, especially if you are holding for longer than 5 minutes! As you say, they have not all of a sudden become back prospects.

Gav,

Nice recovery from the pullback today, SEY has remained strong during the last couple of days, in the face of the AIM resource stocks onslaught.

My guess is this is because we are a PRODUCER, as well as an explorer, and results, which I think will be excellent, are due in May.

Andy,

Agree that we held up well during the recent sell off in the small caps especially. And as you put mention, we did seem to get a bit of a bounce again late this afternoon which is nice to see.

This is what I really like about SEY, the fact that we are not an out and out exploration company. We have excellent production in the GOM and an exciting drilling program and prospects in other areas. Doesn't do any harm to have the assets in different areas. Results in May should be good, but May 2006 should be even better.

Ive got the latest Evo note, drop me a line if you want it. Same goes to everyone else of course.

Stockdog,

Send me another message and let me know your email address. Need that to send you the note.

Gav

I'm sure you all heard the news yesterday from Goldman's re the possible oil price spike to $105 bbl, but for those that may have missed it, thought I'd post the piece.

NEW YORK (AFX) - Oil prices are rising enough to begin to meaningfully
reduce energy consumption, Goldman Sachs analysts said Thursday, predicting
per-barrel trading is in the early stages of what it called a "super spike"
period.

Oil prices could reach $105 per barrel, up from a previous $80 estimate,
according to Goldman's research note.
"The strength in oil demand and economic growth, especially in the United States
and China, following a year of $40-$50 per barrel WTI oil has surprised us...

The reason for this adjustment in view is that persistent high prices are
improving the financial position of key oil exporting countries and could serve
to keep potential revolution at bay," said analyst Arjun Murti.
Crude-oil prices climbed sharply, touching a one-week high of $55.55. The
contract for May deliver was last up 2.1 percent at $55.10.

Goldman raised spot forecasts for WTI spot oil to $50 for 2005 and $55 for2006.
Murti also said earnings consensus for oil and gas companies ought to grow by 21
percent and 35 percent, respectively in 2005 and 2006, as those stocks stand to
outperform the broader market.
"We believe the sector has as much as 80 percent total return potential upside
to super-spike-adjusted peak values that correspond to a scenario that assumes a
100 percent probability of a super spike," he said.
Murti recommends adding to positions in the oil sector "at current prices, on a
pullback, or even after rallies," and raised 2005 and 2006 earnings estimates
across the board.

His top picks in the sector continue to be Exxon Mobil , Amerada Hess , Bill
Barrett Corp. , Devon Energy , EnCana Corp. , Murphy Oil , Newfield
Exploration , Pioneer Natural Resources , Premcor , Questar Corp. and
Suncor Energy .

Gav,

Thanks for the info!

Well some tasty looking trades again today, and some look like sells, but as long as the price holds up, I've stopped worrying about them.