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Took a few more as well today at a premium price 1.08p ....atb
Seems to be very low volume / Trading of shares , which is imo a good thing are these shares held tightly by management and institutional investors???
Picked up a few more , happy to pay £1.07
Can’t wait till they hit that 5 Billion Resource , that the future upside, imo
just wait for it plunge off some poor news then they'll be a real divi bargain though 108p is pretty good anyhow
Not sure you can say they have an exit plan. Exploratory drills in other dubious areas - and their record on new wells being productive is pretty poor recently (before they start on write downs).
Huge lawsuit with a bankrupt defendant - doubt there's much chance of anything there.
Declared strategy is to peruse M and S exploratory operations whilst looking to buy a producing well - the latter is where the focus and immediate returns might be found.
Still holding for the dividend but SP movement in the next few years will only come from confidence in certainty of KRG / Iraq exports with regular payments or an acquisition with immediate impact on the bottom line.
Seems to be decent movement in Sp. Are Genel close to announcing a deal in Morocco or drilling news update ?? Other oilers in Kurdistan seem to be pegged back , at least Genel has an exit plan and huge lawsuit case early next year
Very nice a near 10p dividend, will look forward to that , if price still sitting at current levels it be crazy not too add more, imo
Hopefully we hear some progress regarding Somaliland drill date over next few weeks ,
The team surely have had time to focus on this with operations suspended ATM in Kurdistan
could have them even cheaper today
got them at 113.8
My dealers trying to get me £20k of these right now
Yesterday was the key date not today.
Today is the Record day Must be a holder as Today is key to those to be in receipt of Dividends if you sold in the last few days you won’t be receiving anything
At least they have a plan , to exit the Country and discover new oil fields in Somaliland and Morocco , unlike GKP who are at the mercy of KRG
Think as only news is oil flow problems, payments not received, arbitration ongoing, no idea who is in charge in KRG / Baghdad, the fact we’re operating in contravention of recent Baghdad court rulings etc etc I think they’re better off just keeping quiet and working hard in the background to see what they can improve then report on.
this is one company that defintely needs some news apart from "payment received" or not on occasion
Added a few more at £1:18 brought average right down , sometimes you just go with instinct
GLA LTH
Agree Opulentia, spot of divi stripping going on, added but freely admit the solution is taking considerably longer than expected, assuming an agreement can be made!
Yes:
https://www.hl.co.uk/shares/shares-search-results/g/genel-energy-plc-ordinary-10p/dividends
All the best
Is it ex-Divi day today ?, hence the 4.5% fall?
Could be a good opportunity to pick some more up prior to drilling news in Somaliland ?
Another geo-cultural area with no UN recognised jurisdiction. Clearly I was entirely wrong about the KRG issue being settled in a week or so.
Added a few more of these today, I’m here for the upcoming Drill in Somaliland , this could be the Key to Genel being a “Country Maker” looking at the history of Somaliland when Genel and Taiwan Partner start flowing oil , other states will start looking seriously at Somaliland to be recognised as a Democratic Country to do business with
Hopefully the drilling will start in next few months
For a few of these today , dividend looks fairly good and before news arrived about the oil taps being turned back on got some while sat at low Sp put these as a buy with my GKP holdings
Nice rise yesterday but back down with a bump today - all on no generally available news. Impossible to make a sensible investment decision at the moment. Probably have more luck with Tripod Lad in the National tomorrow.
To use this cash to start drilling some new basins and opps. ASAP.
KRG is just a time bomb IMO.