Share Name Share Symbol Market Type Share ISIN Share Description
Sterling Energy LSE:SEY London Ordinary Share GB00B4X3Q493 ORD 40P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 15.00p 14.50p 15.50p - - - 28,000 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 3.9 -6.9 -3.1 - 33.01

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Sterling Energy (SEY) Discussions and Chat

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Date Time Title Posts
27/4/201719:39sterling energy - a new beginning - sangaw 20106,068
28/9/201609:23We need a 'Sterling' effort to move the sp north in 20096,128
12/2/201509:32WHAT THE FUCK IS GOING ON ?106
02/12/201416:20STERLING ENERGY (A sterling performance in the making)20,229
17/4/201118:28Depth Chart3

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Sterling Energy (SEY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-05-26 15:20:0915.2513,0001,982.50O
2017-05-26 11:05:1614.7615,0002,214.00O
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Sterling Energy (SEY) Top Chat Posts

Sterling Energy Daily Update: Sterling Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SEY. The last closing price for Sterling Energy was 15p.
Sterling Energy has a 4 week average price of 14.75p and a 12 week average price of 14.25p.
The 1 year high share price is 18.25p while the 1 year low share price is currently 13.25p.
There are currently 220,053,020 shares in issue and the average daily traded volume is 116,800 shares. The market capitalisation of Sterling Energy is £33,007,953.
ohisay: I very much doubt they'll do anything substantive - those 3 neds resigning last year just about sums SEY up.
septimus quaid: These type of small, Wild West style, oil exploration companies are purely binary. Unlike other small caps, there will be no gradual emergence into profitability. Instead, they either discover a producer/exporter well (joy but with 10% probability) or fail (virtual loss of your investment and 90% probability). No amount of charismatic management is going to change the geology, oil, water, gas or governmental risks associated with a given explorer well. They (the management) might influence the profit/expenditure sharing arrangements with other parties and they might have the experience/background necessary to optimise the test drill cost/efficiency/choice of location. ...but geology not. The unusual situation with SEY at the moment is that the share price is low compared to its cash reserves. So, with the exception of the Chinguetti decommissioning costs (and heaven knows how long that hand wringing exercise is going to go drag on for), anyone buying in now is getting their roll of the 10 sided dice on the relative cheap.
888icb: It is interesting that YF Financial became a 15% holder in April 2016 but the Company failed to RNS this until 5/1/17 due to an oversight. I don't believe that it was an oversight. I accept that the Directors only come out of hibernation for a few days per year to collect their unearned salaries. But as they have done nothing for several years other than sit on a large pile of our cash which is not reflected in the share price, it seems incredible that they failed to report a major change in a shareholder which was probably the most exciting thing that has happened for years. The Directors continue to be an absolute disgrace.
888icb: A little movement on the share price such that we started Sept just below 15p and today we are touching 18p. The last time we saw 18p was May 2015.
puffin1: Looks like a Ski slope the share price ! think i will cut my loss in the New Year and Quit nothing good for share holders to keep holding , Management still taking a large slice of the pie for zilch
hugepants: You are ignoring current liabilities of $17M. There's also inventory and trade receivables of $5.5M. Netting that off takes 3.5p per share off your total. I think another reason for the current share price is SEY has a drilling commitment that isn't all that attractive re risk/reward. See posts #5865 and #5866 by ghhghh. After drilling there may be only $50M left.
mick: By the way, looking at the share price performance over the last month it's clear that this was a 'leaky' well. Those in the know were given the opportunity to exit before the bad news.
septimus quaid: Trouble is SG1 is right, sterling's news control is as leaky as a colander and always has been. Usual form is to get a dip in share price prior to announcement of a dud. Actually, not sure what happens when there isn't a dud 'cause that's never happened before.
888icb: The news flow from SEY continues. Great news that the drill bit is turning and at someone else's expense ie Murphy Oil. If this hits what they hope to find then it will be transformational for the share price. Let's hope this is SEY's year after all the years of inactivity.
clunes100: Based on 3.666bn barrels and 40% recoverable. 3.666 * .4 = 1.4664 * .08 (SEY contract) = 117.3m * .6 (addax farm in effect) = 70m profit barrels to SEY The questions are then: How do value reserves? Political situation/risk? Production rates? Commercialisation costs? Timescales? Quality of oil/porosity of rock/decline of fields/further discoveries? Further farm out, financing costs or dilution? Capitilisation of SEY in profit and reserve terms = SEY share price? If you said oil recovered in 20 years = 70,ooo,ooo * 80 ($) = 5600bn / 20 = 280 / 1.6 (£) = 175m p.a. Reserves P1 (?) Cash and other assets versus costs (costs also recoverable against production)? I don't see £10-15 share price unless production is prodigeous, recovery is high and more discoveries are made or the field is heading to the 5-10bn barrels. I struggle with the short term share price value and think that a takeover is the only thing that will realise share price vlaue in the short term until; the field is proven up, commercialised and significant oil revenues are produced and all this assuming a favourable and stable political environement. Don't get me wrong, I hope for a couple of bags on news but 10 bagger in the short term is unrealistic. Can anyone make something of my figures in terms of sp, I would be interested along with the reasoning.
Sterling Energy share price data is direct from the London Stock Exchange
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