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Genel gets its payments for May; $30.4 million which included $3.5m 'receivable recovery'
$141 now owed by the KRG.
Last month G was paid a total of $26.3m (net G share including receivables recovery and RSA payments) for April’s oil production. This compared to $31.1m for March - when OP was around $1 stronger and the month was a day longer. Hence my comment that the payment was about $4m below (my) expectations. The shortfall was largely due to an apparent drop in Tawke revenue which was $2.6m down on the prior month plus a related RSA amount, so was around 13% below my expectations. This could, of course, have been due to timing.
The next payment will be for May’s production, when I reckon Brent was averaging $68 - higher than all previous months in ‘21. So it seems reasonable to expect G’s net share of revenue to match or better March’s figure of $31.1m. I certainly hope so.
I think it's usually only worth looking at intra-day prices if you are contemplating selling or buying.
and there's GKP down 1.59%, it's a good thing we're not wildly swinging on KRG payments, market expects us to be paid.
I am going to have to stop looking as the intra day prices, it was never productive but feels more and more futile these days ....
20% off expectations is huge, something appears to be priced in at the moment to about the same tune so maybe all we need is a payment to meet expectations and as Hydro says..... Boom, or the flip side, nah let's not go there.
The question is what is going on to address this, if my pay was down 20% there better be a blimin good reason for it eh
Ha! Our expectations seem to be a lot more modest than they were three years ago!
.... which is perhaps just as well.
Last month's payment was about $4m down on expectations - can it get worse?
Indeed, we might even get paid in the next few days eh, might even get us back to fair value, lighteng could strike.
If not a BSD then the closest we have had for sometime.
All non red font prices welcome.
UT147.00 +7.40 (+5.30%)
with brent flat, it's a start
Yeah, you mean late late 2020 (end of Nov/Dec), well Im not getting BSD excited yet today, down 3% now up 3% - probably finish flat... GL
The unfortunate fact about G is that, whereas the likes of BP, RDS and GKP have all dropped back recently, none of the others have dropped back to their late 2020 support level: https://invst.ly/vjfer
G has undoubtedly been the worst of the bunch since mid-March. https://invst.ly/vjfjl
is there a limit to how out of order these MM can be intraday?
LP 141.8 having touched 135 earlier. Nuts
first thing I thought we might be finally out of the dog house, schoolboy casino error, of course they can't resist the opportunity to test the mid 130's again.
the only green interval for this share now is the 5Y view which is +43.18% (some of us remember that time well!)
5 days -2.38%
1month -11.87%
6months -9.00%
YTD -5.03%
1Y -6.68%
Thanks to the KRG and G-IR, nice work.
Crude up 1.7% and Chevron, Exxon etc. down... nuts, when the reverse happens everyone gets creamed, as we witnessed Monday.
well the trend continues, o.p up a fair bit now since yesterday [UK close] and everyone (but GKP) down.
no worries Jim - you did all the heavy lifting pointing it out.
what's up with our Volume today then?
19k is crazy low, even by our standards, maybe an IT glitch somewhere, maybe you could go and have a look Jim - lol.
Al good.
Bunks - thanks for saving the world from my poor IT skills - I did try to copy it honest (twice) - but it came over as plain text, not a hyperlink.
TVM.
Maybe, the under investment in new fields we have been hearing about for years is going to finally catch up with share price and availability of oil. So far there is plenty of it (except at Taqtaq ! Lol)
Hopefully the guy is right. It is what we want to hear ... whether it does happen that way is another matter. Energy (oil!) is failing out of love with investors because everybody from media to politicians is banging on about fossil fuel being bad etc ... and it us driving investors away from the sector.
Whether it can change back to what it was before.... who knows? It is likely to improve a bit I think ...
(Can't get the staff) courtesy of Ed1 on RDSB:
The disconnect between oil majors share prices and oil price is extreme at the moment.
https://www.zerohedge.com/markets/extremely-disconnected-energy-stocks-face-explosive-short-squeeze-jpm
Now be a good boy Jim and post it on here please
Interesting post on the RDSB forum at 2216 Tuesday which links to an article citing some reasons why oil producers' share prices have diverged from the oil price.
Obviously G have their specific issues but all companies suffering to some extent as Boyo's charts illustrate.
Author predicts a correction on the way - let's hope so.
o.p still rising, shame we didn't recover as much as we maybe should have today, some of the bandits were up well over 5%, and I don't include DNO in that who were nicely up +4.8%.
I just can't visualise where our ratio recovery with o.p is going to come from, if anything we're falling further behind where o.p was at the close.
They should move it up if the market holds, volume looks ok, certainly higher than GKP today. Scare tactics as usual, playing on PI emotions.