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

So now according to Fido's post every time dragon moves up 10 p it's equivalent to 5% but if you bought at 10p it's another "bagger" or 100%. This would have been quite difficult to imagine when dragon was at 10p I guess. I think this is what Peter Lynch and Warren Buffet are alluding to when they talk about themselves as being "long term greedy". They're not looking to move in and out because the real winners come from long, long term holds of years when the old price seemed unbelievable. Nothing but a distant memory. And in Peter Lynch's case it's then the case to start looking for more companies which could have an "unenvisageable" rise. But I think it's a difficult skill trying to imagine or visualise something in the future that seems ridiculous and far-fetched at the time.

Saintserf,
Sterling like Dragon are a long term hold. I can remember when Dragon moved from 20p to 40p and everyone bailed out thinking they had sold at the top. Dragon at 2.00 are now a 20 bagger and the best bit is that my own personal long term target is 12.68.
Likewise Sterling are a long term play as seen by their prospects in Kirdistan which will take a couple of years to come about, but the market always moves well before so you are looking at a lot of near term upside as well as Mauritania`s oil market quadruples within 2 years.

Not far now almost a double bagger for me,

40 opto,,make it a 1!!

OK Dave :-)

To aLL,

I was in SEY in Sep 05 and sold in Feb for personal reasons. Do you think its worth getting back in???

Saintserf, Fido, thank you for talking some of the best investment common sense I have read in a long time. Am now sitting with a smile on my face imagining the days when people won't bat an eyelid at a 2p rise on BLR - nice if it happens!!

Meaning no disrespect to other posters here, as lots of you have made some very interesting comments. Am not in SEY, by the way, but like to drop in regularly to get a feel of opinions.

hi jameel .....easy answer ... yes!

Jameel, that must have been a big Valentine's bouquet - hope she was worth it!

I am sure others are more qualified than me to comment, but going by the shape of the chart alone, I'd be very encouraged about this one. Production increases look to be good to advance the SP considerably.

PS - Cynic thinks everything sucks, so if he's tipping it, it has to be good ;o)

With regard to Kirdistan and in general Iraq, it is difficult to stress strongly enough just how important Sterlings presence in the country is. At the moment they have an MOU with the Kirdistan government and are at present conducting field studies. More importantly they have a right as part of that MOU to negotiate a PSA. This makes it probable that a PSA will be signed in the months ahead.
Although the following piece has nothing to do with Sterling, it does give an insight into how important Iraq is going to become over the next few years and for Sterling to have gained a foothold is of immense importance and is IMHO not reflected in its SP.

http://www.afterdowningstreet.org/node/9998

soul - don't be a cheeky boy or I'll come round and smack your botty!

LOL - for making me laugh, the next round's on me! :o)

so come to the London meet-up .... hope to get some sort of consensus on date and expenditure/restaurant during next week

cynic,

Is that a meet up for SEY holders?

Cynic, If your smacking Booottyyy (as Americans call it) Botty (for Afircanos) and simply ass for us British.... then can I volunteer first? Hard slaps ending with much measured soothing ones THANK U..lol

Boy Cynic, if you're recommending SEY thats a first... Im in once I get my next salary!

Valentines, I guess she was worth it for 2005/06... Need to find a new one...lol

Andy - perhaps I need to copy onto this site, but the thread is entitled "get together" in Traders Room

Just a snippet from the Shares Mag.

"BUY -STERLING ENERGY (SEY) - 29.5p (STOP LOSS 23.5p)

Sterling Energy is on the verge of a shift into a cash-rich oil and gas explorer and producer. This is no flaky hot air and hope story but one of serious future profits growth, and the shares will be catapulted much higher"

. working on this one, sorry.

Whatever way you look at it, this company is going to see exceptional growth over the next few years, and brokers are recommending it as a strong buy.

Year Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-06 57.90 24.30 1.10p 28.4 0.1 +400% n/a 0.0%
31-Dec-07 109.20 67.80 3.00p 10.4 0.1 +173% n/a 0.0%

Cynic - thanks, would like to but it's a bit far from Frankfurt. Maybe some other time!

Soul,

"a bit far from Frankfurt"?

You could probably get to London faster than the tube from West Ruislip!