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I take it your ‘charts’ will be showing a more negative slant tonight then ;)
come on Boyo, don't be like that ....
Too busy taking my profit there Leem.
Back to business tomorrow - could be 82 by the looks of it. But who cares? 10% plus in a day....
https://invst.ly/qb6oo
What’s the Boyo-meter chart saying is that a rejection of 82 area?
Directors pumping and dumping ...me thinking!
Bloody management useless.....eh
Wtf
Payments!!
Yep - doing Ok and levelling out at..... f me have you seen it go?
I don't think we're doing badly today - We're down the same amount as o.p the last time I checked. Yes DNO is up 9% and the big boys are doing considerably better than us but I don't expect less volatility than a Shell or a BP.
Ocelot - US Shale will certainly survive, it's just the over leveraged producers that won't. 'Big Oil' will step in and hoover up the best of the resources and then control cap-ex better. It does mean that OP will still have a ceiling governed by Shale and pretty soon we'll know where the floor is! My guess is OP ultimately in the $40-$60 range, perhaps in 12 months, with G maybe 150p at that stage on 2019 levels of production and payments re-established.
Leem...go find yourself a life you pathetic individual ....
Going well again today. This share is shocking
Goldman Sachs suggests those who will emerge in a healthy condition from the crisis are the low-cost producers (we can all name one of those!) and ... US shale, because of its flexibility.
It is, therefore, the high-cost conventional producers who will suffer.
... A senior Russian official said that while they hadn’t spoken to Saudi Arabia yet, Moscow had no plans to increase production given the current market situation...
https://www.bloomberg.com/news/articles/2020-04-01/saudi-arabia-resists-trump-s-attempt-to-broker-an-oil-war-truce
Worth a mention that dno is flying and most other oil companies are reasonably flat. Two stooges this and GkP so far only
Doesn’t seem worth betting against it Boyo. If this share is good at one thing it’s disappointment. Looks again to be the weakest performer. No idea what the pump to 117 was about but since then it’s lost it’s mojo entirely? Have to see what happens with payment situation but with Q1 up they haven’t said anything reassuring but when do they
Leem: It's lunchtime, so let's look at that blue escalator: https://invst.ly/qb2jp
Still watching then.
hi .. Jokickass
First please don’t buy or sell or hold on my advice or others.....here we only give views that can be ramping or deramping to serve one’s interests or maybe not!
I bought GKP and sold recently at profits then re entered again recently with nearly double your holding at average of 63.5 p but intending to hold a bit longer..
The last rns from gkp was good and the ceo did hint more or less that they cannot carry on without payment from krg and delayed expansion and dividends payment on hold...
To me it looks like threats to krg revenue and krg knows how much damage they can do to oil companies and kurdistan investing outside confidence in the future if they want Kurdistan to thrive and them staying in power..
I can’t see delays in payments are an issue for the time being but non payments declaration by krg (they haven’t said that either) will be alarming but cannot happen on longer term as no company can function and give what they ever produce for free and carry on at huge cost loss to themselves!
Stopping production at this early is not a good an option for G or gkp imo as it will become very complicated politically and soured relationship ....and to restart functions will takes long time too at huge loss of revenue for both sides...
I feel the two main issues now is the Coronavirus and oil price chess war...and these two will end and oil price will have to rise and with all the technology we have now the virus will be defeated too..
I take risks in my investment at all my current majority oilers holdings but I haven’t yet committed new cash but rotated into cheap?!trashed Oilers like G and gkp..
Again you could well be right and wiser than me ...dyor as always and GL
Hi Hasiba,
I am holding around 20k shares myself bought at a average of 2 quid, the only fly in the ointment as I see it is even if the shares were 10p they would still be expensive, as no one is paying for the oil we are producing, so it would be cheaper to halt production then we could save on the salaries of the workers and keep all the oil in the ground then reopen when oil price higher.
Yep.
Anyway, I'm taking a break till lunchtime - at which point we'll have a better idea if G is going to stay on the 'down' escalator (blue) now that we've got to the 82p level, with 76 the next floor down: https://invst.ly/qb0v1
Agree Boyo. Genel were pretty confident payments would continue and ‘it wasn’t like before’. Someone mentioned further down they must have known for a while KRG were having issues months ago which is why telling investors it’ll be ok or words to that effect is a bit unfair
Well we are up to date really, Leem: KRG are in default until further notice and production is tailing off whilst OP is low and COVID19 affects operations. Frankly, I'd prefer production to stop entirely whilst it is unprofitable but I realise that's an over-simplistic approach.
Still can’t help but feel what a disgrace The payment situation is bordering on deceitful constantly reinforcing payments would continue (based on knowledge at the time) this was for prior payments. Payments now and onwards is different with oil down but how can they expect people to invest when they treat investors like this. 82p for Genel is tragic and they should be constantly keeping market up to date but don’t
Watching closely this morning Leem, to see what will happen at 82. The trends are following a pattern but volatility - the spread of prices within the trend - is much reduced compared to yesterday morning: https://invst.ly/qa-oo
Still actively trading Boyo? Performing poorly the last few days, BP and shell doing ok. 95p now back to support.