Sterling Energy Share Discussion Threads

[shujja1] 23/3/2020 09:33

Just bought a 100k today.

45 million in the bank


Market cap 16 million.

Crazy

[septimus quaid] 22/3/2020 08:29

Yes, must rate as one of the greatest puzzles in modern financial history.

The only answer I can think of is that the markets have virtually zero confidence in the BOD, i.e. the markets assume that they might have the money but are pretty much guaranteed to blow it

...by some margin

[shujja1] 21/3/2020 22:33

Sterling retains a strong position on the AIM listed oil and gas sector with a strong cash platform of $45.5 million and no debt or other liabilities. The Company has continued to reduce G&A and focus on robust treasury management, in line with the Board mandate for cash preservation to maximise our ability to deploy capital into new assets. For 2019 the Company hopes to achieve G&A savings in comparison to 2018, whilst

[septimus quaid] 02/3/2020 19:36

2018 full year results came out 22/03/2019, so we should have some news out circa 4th week of March

[ohisay] 14/2/2020 13:06

I reckon they all come in for a round of bridge.
Four no trumps old boy.

[septimus quaid] 14/2/2020 10:28

I sometimes wonder if they even bother turning in for work. Apart from blowing a fortune settling the Chinguetti licence, from an investor’s point of view, they’ve done nothing for years.

[optomistic] 14/2/2020 08:24

Down again...I note the directors are still creating 'shareholder value' or so they will likely tell us in their annual report!

[optomistic] 22/1/2020 08:38

Informative early morning post ;-/

[tarlok] 10/10/2019 14:44

Pps And if if any of the board are watching this thread ,I say again JOG is worth a look ,you missed it 6months ago but its just taken a hit ,so make an offer or tie up and reap proven oil of over 100million barrels in the safe north see, !!

[tarlok] 09/10/2019 06:17

Ps and to the person who brought 18000 shares yesterday...run safe yourself ! It's too late for us !

[tarlok] 08/10/2019 21:55

Found a ruler and it's not looking good ....

[septimus quaid] 07/10/2019 09:17

I wonder, from herein, if it will be possible to place a ruler against the share price and follow the downtrend until the directors have spent all the (our) money to company extinction?

[tarlok] 27/9/2019 23:45

Nope ,I was wrong ,still more sellers selling at this price, now only 9p and seller gets rid of 100000 shares !!

[tarlok] 06/9/2019 15:36

Ps ,really, who is left in Sey to sell at this price ? There can't be a profit at this price .unless it's a short trade ,so the sellers must feel it's only going to get worse ! Either way it looks bleak

[tarlok] 06/9/2019 08:09

However, back to normal now, sellers lineing up ,buy price back down to 10.20,( do wonder who is left to sell ) and brief excitement over this weekv

[cabster] 04/9/2019 08:49

Liquidity awful across the market this morning but this is a steal at this price.
£37m Cash
£20m MCAP
25% freefloat
Target 16-17

[cabster] 03/9/2019 19:02

From Genel 'the Company will initiate a farm-out campaign, commencing late Q3 2019' …

[cabster] 03/9/2019 17:45

£37.13m Cash
£20m MCAP
£0.98m G&A costs annually
25% freefloat
Virtually impossible to buy