Invest in Hot Air buy Sterling Energy now!
Well it’s a bad day at blackrock so to speak. Sterling Energy have yet again come up short at their Sangaw drill. Of course we take no credit here for being right once again. Time now for the market to re-assess the intrinsic value left in the stock. Read below.
“VALUATION AND RECOMMENDATION – As of 31 March 2011 Sterling had $105m of cash on the balance sheet, equivalent to 29p/share. Sterling has consistently said it is looking to deploy this cash within exploration ventures in Africa, Middle East and Eastern Europe. We leave our target price and recommendation under review until testing at Sangaw North is completed.” Evolution. sub 20p in my opinion.
I can’t understand why investors keep piling in here. It’s similar in its way to Desire. There’s nothing here but gas,water and Hot Air. Much better to take a look at Dans’ favoured flavour of the moment Matra Petroleum. They actually have oil and whats more plenty of it!
Viva!
Daniel
PS. Jinxed I say. Jinxed!
agreed.
P.S. Aminex is looking tasty :)! no rush but any chance you could have a look?
Dan
How is your attempt to get to £1M going?
N
Treading water!
Dan
I think Dan posted an article some time back.
more to the point whats happening with RKH flow test due anytime this week ?
The last rns says one month but will all know the last flow took 11 days in bad weather.
news soon…………………………
Hey Dan what did you do my last post?
Can you throw us a bone on SLE mate – struggling at the moment!
Daniel
i am a little confused because you said these were “flip of a coin” shares. Don’t remember you “foretelling” anything different to that. Sorry, might be my age but please elucidate
thanks Anne
You’ve not been paying attention here’s some links for you to read up on.
Sterling energy. Penny for your drops!: http://t.co/1Fkq9BD
Sterling Energy The Misery continues……..: http://t.co/FskDGGe
Sterling Energy. A right carry on!.: http://t.co/vW47wfv
Sterling Energy. Carry on Kurdistan!: http://t.co/B51zfyW
Now after you’ve read that you’ll detect a certain position running through them and that is to STAY WELL AWAY! I COULD CARRY ON AND POST LOTS MORE LINKS BUT THERE’S NO POINT AS ANY READER OF THE BLOG KNOWS THAT WE DON’T RATE THE COMPANY AND HAVE MAINTAINED THAT POSITION SINCE THE YEAR DOT.
I did post in the article below that they were “at best a coin-flip” which you are alluding to but this could never be construed as a vote of confidence.
Sterling Energy. Water,Gas or Oil?: http://t.co/MpJGiOG
Here’s the article in it’s entirety.
So just what’s going on over in Kurdistan at Sterling’s’ Sangaw1 drill? That’s the question that investors have been asking. The ill-fated drill has encountered more problems and delays then investors care to remember.
There’s been several hundred emails asking for an update/opinion. So here’s one!
There are rumours floating around that hydrocarbon shows have been encountered however I would urge extreme caution. The sp is reacting to this but the facts are thus.
The chances of Sterling hitting oil at Sangaw are 1 in 10 although the company would have you believe that the recent gas shows actually increase the chance of finding oil. No they don’t. What they do increase is the chance of hitting more gas! It’s becoming obvious to all involved that there is some thing down there in the Jurassic/ Triassic sections of the drill but to all intents and purposes the chances of it being oil are low, there’s more chance of a water find here then there is oil although 1 in 10′s do occasionally come in I would tend to stay well away from the stock, past Sterling history is littered with cock-ups. It’s looking increasingly like a gas deposit from where I’m sitting and this is reflected in the current market price of the stock. I could be wrong and hope I am.
Let’s hope for the sake of all those long-suffering Sterling Holders that the water metamorphoses in to oil. The whisper is It has happened before although that was water to wine! Coin-Flip at best!
Viva!
Daniel.
I hope you have not been investing in them?
alas I hold them from the old 4p days Daniel :o(
Max petroleum spud another well and we are down again
Yet desire can double in price last week despite their being more oil in my car . Unbelievable . Max have found oil about 34 times in the last several months .
Perception. Nothing else.
Dan
Dan – you delete messages you don’t like. Censorship, man. Thought you didn’t like that.
Daniel,
I do not hold any shares in either SEY or MTA but happily sold my 10 mil in SOU in 5.5p. range.
SEY is a good company and will be above £1 within a year – year and a half. The downside is 30p after negative next test announcement. Have nothing to say on MTA but not touching it.