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

cynic - you obviously do not have a good handle on this one then?

It is the CEO's intention to sell the Company if the Market fails to recognise it's worth.

The interims should be interesting, they arrive on Thursday.

SWW,

I agree, they need to clarify the royalty payments, and hopefully the interims will explain the payment structure better, and then as you rightly say, I hope they blow those analyst figures into next week!



georgetrio,

I first bought at 8p, and have averaged up at varying intervals since then.


Cynic,

In the immortal words of a certain John MaCenroe, "you cannot be serious!"

ANDY
LUCKY YOU, 8P is a very cool price, i got in at 18p,20p,then 25p but still good price

Profit forecasts for 2007 cut by 10m by brokers consensus forecasts not helping but again more buys than sells and down she goes, 14p at this rate and that would be forward PE 13, is that about right for oil and gas producers?
Good earnings expected with interims but was that factored in before the problems at Chinguetti? The next few weeks should be interesting, as Amvescap were accumulating when sp in 20's will they be back in for more at these prices?

andy they will be flying in imho as this has to be either some big gun pulling out or there is going to be some bounce when intrims hit in 7 days

remember this will be in profit wether 10mill is taken off or not

and with other companies drilling around this area as far as i know sey gets a cut if they find anything over a certain production level

so if hnr find somit big sey get a cut as far as im aware

so yes the price is falling but imho what a bargain if it drops more ill have to jump back in as this is a no brainer

even if there was a takeover on the horizon the price would be well above were we are just now

dyor but im a happy bunny

excellent opportunity to buy. lovely SEY.

Dead cross on the chart suggests further falls in my opinion.

well getting cheaper, even though the company is still top banana in my opinion.
one can win when losing. strange thing. will not sell half a share to anyone. hold on tight. best luck

From yesterday's Indepenedent, a probable cause for the savage drop of the last few days.


Rumours of a very large seller in Sterling Energy sent the stock 2p worse to 16.5p. Market makers said the seller had grown impatient with efforts to place a line of stock and was "becoming more aggressive". Almost 36 million shares changed hands, about 18 times more than the average daily volume.

Andy
yes, i have seen those sell off. if the seller got in at the wrong time, he can only blame himself or herself. maybe he/she got in at 30p. Expensive buyers.
Patience will pay.

Can't say I will be buying more till I see the results and a Broker Note.

Be nice to know who sold and why?

But look at the buying today though, whats going on here.

KBC Peel Hunt on Oils

A dire sp performance today and for recent days, totally overdone IMO.

Found this little comment which should give some relief:

SYDNEY (XFN-ASIA) - Woodside Petroleum Ltd said its Chinguetti oil field off the coast of Mauritania is now producing around 33,000 barrels of oil per day (bopd), having partially recovered production after encountering reservoir problems in June.

SWW - Nice link, thanks. Useful information. Interims are due out tomorrow so was expecting a bit of a rise in the sp.

If it does not rise during the morning tomorrow, (11am onwards) provided the Interims are good, then I will declare this stock out of favour in my portfolio and out it vey reluctantly in favour of an in favour stock like, errr...........

Um.........

Hmmmm........

Pass.

I'm getting bored again.

Got it.

Premium bonds.

sea try arc

but dont tell anyone i said so ok

wonk wonk

dyor

barclays are offering 0.1% on their current account