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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
  -0.30 -2.58% 11.35 10.50 12.20 - 0.00 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.2 -0.5 - 25

Sterling Energy Share Discussion Threads

Showing 33026 to 33044 of 33100 messages
Chat Pages: 1324  1323  1322  1321  1320  1319  1318  1317  1316  1315  1314  1313  Older
DateSubjectAuthorDiscuss
21/5/2020
15:56
New thread for a new era for Sterling energy. £22m mkt cap, $45m in the bank, and a free carry on a Somaliland project operated by big boy Genel 2020 could be the start of a new journey with this relatively new but fairly widely experienced team that must be itching to prove themselves. Obviously the oil industry is in chaos right now, with oil prices having collapsed to multi year lows and many projects being shelved and many others running at a loss, surely now would be a great time for a company with cash to drive good bargains and get their knees under the table with bigger fish in the sector? The oil price is beginning to recover, $35 today, but still $20+ away from safety so the team have to be wise, sensible and responsible so they don't squander their financial advantage. High risk certainly, but opportunities will come.
excellance
21/5/2020
15:16
7-12-20 Tony Hawkins returns as CEO to succeed Mr David Marshall who has, by mutual consent, stepped down. Formerly he worked at Columbus Energy, Lukoil and here at SEY. Prior to Sterling, Tony spent six years at Centrica plc (a FTSE 100 listed utility), where he had several roles, including interim General Counsel for Centrica Energy. SPIRIT ENERGY is a Centrica owned gas producer in the north Sea, and is a perfect fit for SEY. Are we about to help Centrica out with their debt mountain and cash flow problems by taking spirit off their hands? Spirit are much larger than SEY but a RTO into SEY would work well. Sterling is debt free, with a strong balance sheet (about $45m in May 2020) and is fully funded for its work commitments at Odewayne, Somaliland (34%), through 2020 where the Group has a free carry on exploration operated by Genel (50%), and is also well positioned to take full advantage of the current oil market, with a strategic emphasis on securing near term cash flow generative opportunities. The days of Chinguetti and Sangaw are long gone, SEY is essentially a cash shell looking for opportunities, and the relatively new board of directors have a geographical bias towards the east. The board are CEO David Marshall, non exec chairman Michael Kroupeev, senior independent non exec Leo Koot and non exec Ilya Belyaev. While the individuals in this team have a sparkling record they are yet to deliver anything as a team, but with cash to spend and the oil market is chaos they could start to prove themselves imminently. 31-12-19 During 2019 our team intensified screening and pre-selection of E&P opportunities that meet corporate standards and the class of assets targeted by the Group. Some of the key criteria were reviewed and updated by the Board to improve focus and concentrate on added value and secure cases in what has been and continues to be a volatile market. The Somaliland acreage remains an attractive opportunity in the long term, subject to good progress by the Operator Genel Energy which carries our costs inclusive of the drilling of the first well and has a strong cash balance to weather the downturn and fund its operations. Results of the reprocessed 2D seismic data are now ready for interpretation and we are hopeful this will show potential for material accumulations of hydrocarbons. During the year, the operator successfully applied for the extension of the Third Exploration Period, which was subsequently granted by the state authority. Once interpretation work is complete the Operator may elect to proceed to the Fourth Exploration Period which will focus on additional seismic and the drilling of an exploration well. 13-9-19 The Government of the Republic of Somaliland has granted a continued extension to the current period of the Odewayne Production Sharing Agreement ("PSA"). The expiry dates of the relevant exploration periods under the PSA shall now be: Third Period: 2 November 2020; Fourth Period (optional): 2 May 2022; Fifth Period (optional): 2 May 2023; and Sixth Period (optional): 2 May 2024. 23-4-19 Michael Kroupeev is now beneficially interested in 64,315,517 shares, representing approximately 29.2% of the Company's issued share capital. Investors---------Number of Shares-------Total% Waterford -------------64,315,517----------------------29.23% Zion SPC --------------36,611,361-----------------------16.64% Mistyvale Ltd--------34,467,790-----------------------15.66% Denis O'Brien--------15,750,000------------------------7.16% Credit Suisse---------14,930,358------------------------6.78% YF Finance Ltd-------8,831,197-------------------------4.01% Https://www.sterlingenergyuk.com/
excellance
21/5/2020
14:35
If they can't find a financially distressed energy company in this market they should just dissolve and redistribute their cash. Maybe Sterling should become an investment company rather than getting their own hands dirty?
excellance
21/5/2020
14:28
If they can't find a financially distressed energy company in this market they should just dissolve and redistribute their cash.
excellance
16/4/2020
07:41
wow this is going up?
roks
16/4/2020
00:10
If there actually is a cashpile of 45million while marketcap is 16million, why are shareholders not organising and pushing, via general meetings, to wind this up and return cash to shareholders. It is literally a waste of funds to keep this alive.Quite astonished an activist or concert party has not appeared on the scene to take control and lay claim to that cash.Cash
cashandcard
15/4/2020
16:52
'interesting' final results bit somehow I just can't get enthusiastic about Sterling... maybe it's because they have cost me a bloody fortune so far!
optomistic
02/4/2020
09:21
there seems to be interest ,buys appearing ,but unless they buy a oil/gas company now with oil at $20 and a host of well organised company's producing oil at under £50m we know there plans....and its not to produce oi;...
tarlok
31/3/2020
16:17
lol - in relative performance lists sey must be a star in the last 6 months
kaos3
28/3/2020
02:52
Another big risk to me, over and above the BOD have already overseen an incredible destruction in shareholder value, is that they eventually de-list from AIM. At that point, the shares become difficult to sell and difficult to crystallise losses (for offsetting against gains made elsewhere)
septimus quaid
27/3/2020
18:38
£45m in the bank, £16m mkt cap. total chaos out there, surely they could pick up a bargain in these markets? does the board want to stay in the oil industry?
excellance
27/3/2020
17:48
Bit like the Wright Brothers first flight...
optomistic
27/3/2020
13:02
SQ LOL...but oooh look the shares are flying now ;-)
optomistic
27/3/2020
11:16
haha "starling", good one, as in the directors have flown away with our money
septimus quaid
27/3/2020
09:00
shujja..."starling"?
optomistic
27/3/2020
07:12
Starling will buy something I hope . A good producing assets
shujja1
24/3/2020
12:14
They can stay crazier than you for a long long time. These guys are the real deal at doing the square root of FA.
ohisay
23/3/2020
09:33
Just bought a 100k today. 45 million in the bank Market cap 16 million. Crazy
shujja1
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
septimus quaid
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