||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Sterling Energy Share Discussion Threads
Showing 32926 to 32946 of 32950 messages
|Notice of the Annual General Meeting of Sterling Energy Plc to be held at The Law Society, 113 Chancery Lane, London, WC2A 1PL on 25 April 2017 at 11 a.m.|
|The AGM is next week. A good opportunity to register now and then query the BoD directly....|
|The salt is rubbed in the would of long termers who sell is that the Company has so much cash you would get double if they just returned the cash to shareholders.|
thought sangaw was going to be our great saviour 6 years ago or whatever it was , if you believed everything SEY told us there was oil supposedly gushing from behind every rock out there and we all believed them
if the truth be known SEY have lost alot of people alot of money which has no doubt ruined a few lives along the way because of there gross incompetence , has there ever been another oil exploration company who has never actually found any oil ?|
Re Somalia, even if Sterling discover the biggest oil well in history, getting the oil out of these bent, tinpot dictator countries (masquerading as democracies) is fraught with difficulties.
Take GKP, virtually going bust trying to get money out of the KRG, despite actively pumping oil from their "world class" discovery.
So you have SEY, sat on a large cash pile, with cavalier type directors desperate to drill a hole anywhere because that's what they get off on (and who cares anyway, it's not their money they're risking).
Whereas any sensible person would just hand the money back to the shareholders.
Not that this will make you feel any better but my own losses in SEY are roughly double yours.|
|Well I'm now in rant mode.
The recent RNS regarding reduction in capital is a case in point, sneaked out on the back of a Notice of AGM.
The reduction in capital makes no sense and achieves nothing*. All it indicates is that the director's minds aren't fully focused on finding oil but are more concerned with corporate shenanigans.
*unless it is part of a journey to marginalise the existing small PIs into oblivion.|
|Re today's RNS, a step closer to getting our cash back?|
|Tick-tock, slowly whittling down the (shareholder's) cash reserves to nothing.|
|Two trades this morning 1 share each trade...big day in front of us LOL|
|Many thanks Slowracer. I took small positions in both GPX and SEY last week hence hedging my bets ! The below link to peace talks in Geneva now this Thursday.
|All very speculative but IMHO GPX will be in the driving seat, not SEY. No way that SEY would or could takeover GPX. GPX has an oil well asset worth hundreds of millions assuming Syria sanctions are lifted some day. But it will need cash to restart operations once sanctions lifted, and they dont have any cash.
This is the mirror image of SEY which has some cash (~$90M) but no very prospective assets to develop. So SEY's cash is looking for a 'home', and GPX's valuable oil field is looking for cash. And they are both controlled by Waterford and associates. Draw your own conclusions.|
|Slowracer. £ 4 mill. facility
Name of Lender Commitment
Waterford Finance & GBP1,492,000 (37.30%)
Investment Limited GBP1,258,000 (31.45%)
Blake Holdings Limited GBP1,250,000 (31.25%)
ME Investments Limited
TOTAL GBP4,000,000 (100%)
May I ask your thoughts re any future acquisition of GPX by SEY ?|
|GPX look like another E&P* outfit.
One last throw of the dice for SEY shareholders?
*Exploration and Prayer|
|I think they may be all or mostly Waterford nominees.
In my view they won't give cash back to shareholders but will use it in GPX where it has potential to yield much better returns.|
|888IC. New board members as of end 2016, do look at SEY website.|
|More likely the cash will be used to finance the restart of oil production at GPX once Syria sanctions are listed.
Waterford effectively control both GPX and SEY, but GPX has no cash and will need lots|
|There is so much activity in the oil and gas sector at the present time it is beyond belief that the board of SEY have done absolutely nothing with the vast pile of cash they have been sitting on for several years(apart from drawing their salaries of course!)
The incompetent disgrace continues and its about time they gave the cash back to the shareholders.|
Waterford Finance 29.9%
Misty Vale Ltd 15.6%
Denis O'Brian 7.6%
Banque Heritage 6.7%
That I think is all the Major holders.|
|Envious or what?!
During my time with SEY, I've gone from a regular trip to the barbers to a DIY buzz cut (and doesn't take long).
I would need two lifetimes to recover my losses in SEY.|
|Just noticed that. Over 16% eh. hmmmmmmmm.
Seat on the board. Changes afoot?
Similar to what's happening at BLVN right now? (COC ousting Board - also just over 15%)
"Anything" positive would be nice.
I think my hair was dark brown when I first invested in this stock.|
|YF over 16%...they took a while to report that transaction...21st June 16!|