Sefton - A tiny and very undervalued oil company

The buying is strong when the spread is narrow. If the MMs kept the spread at 7% or less I believe the overhang would be bought quicker.

I for one, wouldn't want Sefton to use their hard earned cash to buy back shares. They need the cash to balance the books, for workovers, to drill new wells at Tapia, to develop CBM and all the other profit driving activities. Buying back shares would only cause them to have to raise cash for these activities later on.

At least the overhang has been reduced by over 2.5 million today.