I cannot believe the amount of emails currently piling up in the blog’s in-tray vis-a-vis Sterling and a good entry point. There are many investors who if they carry on here will be carried away by “the men in white coats” currently reports of an increase in white hair happenings are unconfirmed.
The penny just doesn’t seem to of dropped with some investors.
Sterling Energy have consistently failed to deliver share-holder value over many years. Research their track record. Share dilutions ,share consolidation, broken promises of a return of funds and down right sharp practices particularly regarding the sale of the USA assets which were deliberately stalled until they had rinsed stock-holders out of many millions of pounds via the shotgun fund-raising. “Coincidentally” the USA asset sale went through just after the completion of the fund-raising increasing the company’s capital.
Sterling used to be led by the aptly named DICK STABBINS who was pushed aside to mollify investors. But dear Dick is still there creaming in pay and expenses. In fact the whole board are a shambolic set of ageing Vampires sucking the very life blood of investors. Poorly managed and misfiring in Kurdistan just as they were poorly managed in the USA. It’s like backing a horse punters should study the form.
Now don’t get me wrong the carry on in Kurdistan could very well end up actually finding the oil BUT to my mind there are better companies out there to invest in not least Xcite,GKP,NAUTICAL,ENCORE,DESIRE CAZA,PETROLATINA, BP and good old Rocky hopper currently changing the lives of many of those who have held through thick and thin! In other words why the hell would you want to burn your brain cells out on this company?
The stock will turn your hair grey in a matter of months! Current holders should invest a few pounds in Grecian 2000!
I sincerely hope for all still holding that the Kurdistan drill hits oil otherwise all hell will break loose.