honestsid, I think you will find that you are wrong .......it's nothing to do with the Canadians buying or selling, SLE I believe always had exemption from being a reporting issuer since they bought Realm......it's just taken the Canadian's 3 years to make it official..............
"quite a lot of news coming up before the end of the year"
as there was 2009, 2010, 2011, 2012, and 2013. Trouble is it has never ever been good enough news to do anything but bring the share price down. And that is a fact laid proven by past events and news.
Guess the future? Or wait and see what happens and buy on the way up. Catching the falling knife is often a mistake made by private investors.
This is so low now ... a PENNY SHARE, that if any thing eventually comes of all the supposed irons in the fire there will be ample opportunity to turn a fast buck, rather than wait and wait and wait. Trouble is, there are so many shares in issue it will take one heck of a fantastic RNS to get this up even 50% and if it rises 100% it will be sold off and profits taken very quickly by those (like me) who are no longer desperately waiting to reach an unreachable high average SP.
Except linksdean of course who told us yesterday his average is only 2p ...LOL. (impossible)
There may be some comfort in the following, posted on THE TSX (BKX) BLOG;
Kramer says margins/ hedges causing oil price
Cramers Version, Why oil price has Dropped
Investors tend to assume that when the price of oil tanks, as it did today with its $4 decline, than there must be something wrong with the fundamentals. What if it the oil market is just like the stock market, and the buyers and sellers are actually controlling the market?
Cramer doesn't think this is a ridiculous idea. He suspects that the real force that is controlling the price of crude is the buyers and sellers themselves, as a result of forced liquidations and margin calls among overly bullish hedge funds. To gain further clarification the "Mad Money" host turned to Carley Garner, technician and co-founder of DeCarley Trading to explain how this could really happen.
According to Garner's research—based on a chart of the West Texas crude that shows CFTC's commitments of the big institutional players—in June, speculators were holding net long positions in crude futures. When the price in oil began to fall, the speculators in the market began to suffer losses as a result. However, the hedge funds selling crude did not sell, and are now being forced to sell because they bought these future contracts on margin. Now that the value of these contracts has dropped, the margin clerks at investment banks are requiring them to put up more capital or sell their positions.
Garner indicated that the price of oil may continue to go down until these forced liquidations are completed. "Worse case, Garner sees oil bottoming in the high $70s, and at that point, she expects a big rebound, because crude is already in incredibly oversold territory that almost demands a bounce," Cramer said.
Here is the good news: Cramer thinks that as soon as the weak handed bulls have finished selling, the markets will reverse when they are flushed out.
Genel Energy will issue its interim management statement for the third quarter on 13 November. Genel will host a capital markets day for analysts and investors in London on the same day, starting at 1400 (GMT).
A live webcast will be available on the website (www.genelenergy.com), and will be available for download with the presentation shortly afterwards.
At 9:08am: [LON:GENL] Genel Energy share price was -14.25p at 675.75p
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