Member Info for Boyobach

I agree bunks - my re-buy was undoubtedly a risk. But I'm more relaxed about it because it's more under control as I've spread the risks elsewhere - with RDS as far as oil co's are concerned. I will potentially use 'stops' for a while as I can't watch a screen all day, which has cost me dear this last week.

Looks like the 82p support may hold - subject to OP.
RDS on the way up today and I'm hoping G takes the cue eventually.
https://invst.ly/q3wwu
I decided to restore much of my G holding and now back to 80% of what I held a week ago.
The 20% reduction will probably remain permanent - as part of a general re-balancing, at no net cash cost so far, and my net cost per G share has actually reduced slightly. I 'm hanging on to 'new' cash in case of further market falls.

That's rather absurd Leem - G is a small company, the last week has been a global economic tsunami . You said yourself, cash is king. If you are serious and have some cash then you really should be focused on what you are going to do with it and when - not worrying about G.

Worse than that for big oil, JL, here's RDS back to May 2005:
https://invst.ly/q3k8l
If you've got cash......

Here's the last six days comparisons (5 minute ticks showing OP out of hours) - no points for spotting when the US market opened today (Chevron drop)
https://invst.ly/q3k2-

well better than 67 or lower!!

There's a bit of latitude as these supports and trends are rarely penny perfect - within a couple of p either way.

Note that G is now dropping at twice the rate of OP.
Even RDS is falling faster than the underlying commodity (they are also a gas company, of course)

For those that can bear to watch, here's G (5 min ticks) v Brent and RDS (usual colours) showing the behaviour near the 90 and 82p support lines I've mentioned previously:
https://invst.ly/q3jo4
Let's hope 82 holds....

To be fair, before I appear to be emphasising the 67p level a bit too much, there are smidgeons of hope at 82 (nearly there) and 74p:
https://invst.ly/q3gmw
Will be interesting when US opens.

The strain on G (and the other KRI co's) compared to the likes of RDS etc has become more apparent since the weekend.
G's 90p level came and went and, bunks, I chose not to get back in at that level.
Conventional wisdom - based on G's history - would probably be that it could well be headed for 65-70p and that might be a suitable re-entry point. But who is going to buy into a company that isn't being paid when there are plenty of other bargains out there? G entered this particular battle at a clear disadvantage and that is beginning to show. The G:OP ratio survived at 3x until Monday but has since dropped to 2.53, the minimum since I started tracking it over a year ago. Assuming Brent is headed for $30 (optimistic according to most pundits) G would see 75p without weakening further v Brent. At $25 we are talking 62.5p. These numbers fit with the chart's predicted low. But would I buy back even at that level? It would be tempting but hardly prudent. https://invst.ly/q3fet
The very least the KRI should do, given the problems caused by their payment delay, is to extend the Receivable's deal.

I agree JL - they need a steady nerve to steer through this.
The drop in OP, if sustained, will seriously dent the ultimate value of the over-ride payments.

Same as everyone else Leem - market out of control.

https://invst.ly/q3bgo

G's chart doesn't go any lower than 90 trend-wise. Next stop 67/70 ?

https://invst.ly/q3bl3

An interesting article Hasiba and a lot of common sense in what he says. He suggests $45-$50 might not be reached until sometime in 2021, which would significantly reduce G's revenue and consequently might only restore the sp to the 130-160 range.
It's a gloomy vision as far as G is concerned.

At times like this we all need to have a strategy Hasiba - and I wish you luck with yours. For all of us, much depends on market recovery which - as you have pointed out - is inevitable given time. Positioning to make the most of the situation - which has already been an opportunity in some respects - is key. It could be a very busy time.

'don't know' - typo

It's difficult to call the bottom Hasiba. We just down know if the Saudi-Russian posturing is just that or even if it is a genuine policy difference. Covid-19 looks set to be a feature for the next month at least - inevitably deepening the cut in demand for oil for some time yet. Today G (p) hit a ratio below 2.8x Brent ($) so if OP falls to mid $20s, as some are suggesting, then that would put G at around 70p - coincidentally close to the 67p baseline here: https://invst.ly/q2-bo and setting G's sp back 3 years.
I haven't used any cash yet but, if I eventually do, I'd much rather catch a balloon floating up than a knife that's falling.

Let's see what happens at around 90
https://invst.ly/q2ym0
Need to bear in mind that OP could yet drop into the $20s

Make that 60% out, bunks.
https://invst.ly/q2yil
Unlikely to sell more and might re-acquire the last tranche at 92p,