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Share Name Share Symbol Market Type Share ISIN Share Description
Sterling Energy Plc LSE:SEY London Ordinary Share GB00B4X3Q493 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.35p +3.20% 11.30p 10.90p 11.30p 11.30p 11.30p 11.30p 8,243 09:02:36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.4 -1.5 -0.7 - 24.87

Sterling Energy Share Discussion Threads

Showing 32701 to 32722 of 33075 messages
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DateSubjectAuthorDiscuss
29/10/2014
07:40
I got the impression from the IMS that the Chinguetti production was no longer covering SEY's operating costs and that they were dipping into capital reserves. Can anyone confirm this?
septimus quaid
29/10/2014
00:14
Directors granted options at 40p under a long term incentive plan. What a disgrace they have been asleep at the wheel for years. They should be made to give back the salaries they have drawn for the last five years for non performance. They could give us all 40p by handing back the cash they are sitting on and have been for years.
888icb
28/10/2014
22:18
why would it drop under 20p? I make it Cash = circa 30p and no debt. Licenses to sell or farm out. no reason to do a discounted placing. Director buys in last yr from 36 to 41p area.
surfer2
28/10/2014
09:58
another underperforming company where the the directors are rewarding themselves shareholders money by means of ltip as in cop and by coincidence they share some of the same directors, it is time ltips were replaced with stip where if they don't perform they get the sack.
finjam
27/10/2014
12:50
price should be 20% higher from here to reflect cash balance alone - circa 30p
surfer2
24/10/2014
10:51
Interim Management Statement shows that SEY has £66 million in cash but its market cap is only £55 million. The company has done nothing of note for years and it begs the question if its not going to do anything with the cash they should give it back to the shareholders.
888icb
19/10/2014
01:16
last year interim statement 24/10, something is on the way here
mozii
13/10/2014
11:41
Mozii 25 Sep'14 - 03:23 - 5833 of 5841 0 0 but Chariot is not producing yet... I think they got better chance with Genel is Somalia than with Chariot in Namibia, as Chariot already had an agreement on thier Morrocon assets. Surely we are due to some updates very soon... no , i mean that a combined entity of Sey and Char (for example ) might have sufficient cash to buy decent production and reduce the pure exploration portfolio a bit either via further farm outs or sales. what level of production would 1/2 or 3/4 of a 200 million $ cash balance buy...
surfer2
13/10/2014
08:04
Have we a bid on the way?! Don't hold.
rayrac
09/10/2014
18:37
Mozii 21 Jul'14 - 23:33 - 5812 of 5831 0 1 another company that shows how irrational the market can be trading below cash value with $110m with 220m shares in issue which make it $0.5/share = 30p/share also trading below nominal value of 40p that's without even valuing in the facts below * a company with zero debt * a company that is producing oil * a company that is making revenue gross/net * they had their share of cost already paid by Genel for Somali license * they increased their share from 15% to 40% recently is Somali license am I missing something? do I get this all wrong?
surfer2
09/10/2014
14:33
Mkt cap 55 million pounds. Cash of 110 million reported 2 mths ago = 68 million pounds. no debt. producing 450 bopd. large carried acreage positions. 4.3 million in EBITdA. Director buys and Options exercised at 36-40p area. companies cash, assets and 3 yrs of net profit valued at negative of around 10 million Pounds ?
surfer2
05/10/2014
09:41
It's just being walked down along with all oilies because the price of oil is down. Mindless, but logic means nothing. Sterling does actually produce small amounts of oil so technically it is affected, but really the whole sector is utterly bombed out. Belatedly picking up Septimus Quaid's question in #5828, the Aberdeen outfit actually produced some good news last week, so any confusion might have been beneficial. And, oddly, Waterford (Sterling Energy's major shareholder) recently also took a significant position in Sterling Resources. Oligarchs at play?
wbodger
30/9/2014
14:13
Could be being walked down to hit a few stops or flush a few bored/frustrated holders out. Maybe someone wants your shares ? If they do want your shares....why?
billy two cocks
30/9/2014
13:55
sept 2014 presentation showed no debt and cash of 68 million Pounds equivalent at todays exchange rate. Mkt cap right now 48 million pounds. profitable and appears to be trading 20 or 30% below cash. assets and profitable production free ...???
surfer2
30/9/2014
10:23
Yes hxxp://www.sterlingenergyuk.com/html/operations/ambilobe.html
billy two cocks
30/9/2014
07:04
http://www.proactiveinvestors.com.au/companies/news/57858/pura-vida-energy-brings-moroccan-oil-to-melbourne-sydney-luncheons-57858.htmlIn addition to its carried interest in Mazagan, Pura Vida has a 80% operating interest in the Nkembe block offshore Gabon and is taking up a 50% interest in the Ambilobe block offshore Madagascar from Sterling Energy (LON:SEY).did the company mentioned anything about this deal before?
mozii
25/9/2014
03:23
but Chariot is not producing yet...I think they got better chance with Genel is Somalia than with Chariot in Namibia, as Chariot already had an agreement on thier Morrocon assets.Surely we are due to some updates very soon...
mozii
24/9/2014
12:34
Mozii 21 Jul'14 - 23:33 - 5812 of 5831 0 1 another company that shows how irrational the market can be trading below cash value with $110m with 220m shares in issue which make it $0.5/share = 30p/share also trading below nominal value of 40p that's without even valuing in the facts below * a company with zero debt * a company that is producing oil * a company that is making revenue gross/net * they had their share of cost already paid by Genel for Somali license * they increased their share from 15% to 40% recently is Somali license am I missing something? do I get this all wrong? same puzzlement here..... imo they need to buy production of 5000 bopd rather than spend tens of millions drilling a single well. one way to achieve that would be to merge with another africa focused small cap who have cash and no debt.a Chariot oil merger would give the new entity nearly 200 million $ in cash and no debt with a huge Africa portfolio. a few k bopd is useless...target needs to be 5000 bopd.
surfer2
18/9/2014
10:56
Sterling doesn't borrow from YF Finance (or anyone). YF Finance hold about 9.5% of Sterling's shares. hxxp://www.sterlingenergyuk.com/html/investor/capita.html
billy two cocks
18/9/2014
10:28
Nibbling down over the last few days. Wonder if we are getting mixed up with Sterling Resources the Aberdeen based outfit?
septimus quaid
16/9/2014
14:37
Good write up here. Sterling is James Faulkner's small cap of the week hTTp://tiny.cc/7279lx
windass
08/9/2014
17:10
Yep not to clever , will they ever find oil apart from at Halfords ?
puffin1
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