And Oil Price has been rising rapidly since London Market close!
Monday will be an interesting day for oilers.
This BB is supposed to be a constructive one to be fit for purpose but today it looks really sad and low life by some posters.
Please guys let’s have a grown up post for the benefits of investors in JOG..
And also for the non holders..please give it a rest and go away..
DNO has stated that gross production at the Tawke licence in the KRI including the Tawke and Peshkabir fields, is expected to average 100,000 b/d in 2020 with a year end projected rate of 85,000 b/d absent any new wells. ‘The operator believes the reduction in oil production is reversible with a restart of drilling as and when the market recovers.’
Genel has been amongst the best performers in the sector lately, todays 128p being well more than double the 53.1p low mainly due to its low cost production, flexible and strong balance sheet and a management aware that all options, including dividends are open to them. Having visited the region last autumn it is clear that operations are growing, with significant upside even at lower oil prices, for these reasons I remain very comfortable with Genel at these levels.
The only way is up for G towards 136 p (after the drop of ex dividends day tomorrow)and for oil Price towards $40 Brent soon..oil demands is on the up and oil supplies cuts in place . Oil inventories draws in big numbers in the last consecutive weeks and more to come to bolster the OP ,rigs counts massively down ,Shale with their backers gambled and lost .
The speculations of G sp drop to 96 are wishful thinking!
Any drop below 115p I will consider buying in more..
Don’t underestimate the giant G.
Holding strong .
As always dyor
Dividends 11cent per share=roughly 8% but SP normally goes down on ex dividends day by the same amount!
Yes uncertainty about Krg payments is an issue for me and other shareholders obviously...
Krg has a bad history of this....
My favourite Holding among oilers now are Jog and Trin...
Definitely seems to attract speculations on the BB on two opposite camps!
The reality is that HUR just started producing oils at a Very low cost breakeven in comparison in the same industry and making good profits plus a pile of cash in the bank accumulating on the balance sheet.
Yes quite few bumps on the way and the Media ,are not helping the SP ,though the facts are there and top analysts still give it positive views and add to this the recent 400k Shares bought by bod Who paid on average 11p on 28/4/2020....
Speculations and facts are wildly apart and I rather stick to the facts with the well experienced and reputable bod on the helm than listen to BB speculations of doom and gloom..
HUR SP below 7p is like buy 1 and get another half price and still getting them cheaper than the BOD recent buys who know the company better than any of us....Surely they wouldn’t throw their money away if they didn’t know there is some profits ahead for their investments..
Holding strong here..
“ You know it makes sense Rodney “
As always dyor please
The overall feel of the discussions that are going on by several healthcare companies Which are showing interest in a RTO of Motif seems unusual to take this long unless the goal is not only to use Motif shell status as a vehicle to acquire the quick access to the market but more like a merger /partnership like between a big boy and Motif to developing Iclaprim much further and something was happening and showing it as a big winner behind the scene for the new company, otherwise why would there are several of them keenly are interested and is taking such a long time to finalise the deal!
To me it looks that Motif is now aware of this sudden change in the desire of acquiring Motif /Iclaprim at cheap price but Motif is continuing to resist to let go cheaply and obviously..From the delays in issuing an RNS to all shareholders and desperate trying to let current PIs to sell now cheaply by perhaps deploying this numbers of deramping posters to scare the weak holders .
This is not the usual shell company RTO used cheaply to access the market ....The delays so far is a very positive signal for a higher offer in the offing to take over Motif..
So what’s the acceptable price to be acceptable to Motif...definitely not the one we see in the current SP and must be much higher...Or they would have thrown the towel long time ago ..
You can also see there are less and less trading volume but bigger trade of buys and as the weak holders already sold and scared to come back but the hard core (us) are not easy lots to give up so expect more aggressive and more volumes of negativity posts on the BB as a last push before announcing the RNS..
Just me thinking loud..but holding very strong!
As always please dyor
Current SP reflects disappointment but well overdone..
In reality it is a technical issue and clearly stated in the rns it was a suspension which resulted in lower production. To me is a temporary issue to investigate alternative solutions but at the same time looking into ways to rump up the other well oil production to a higher level of increasing oil . The bonds issue is more than two years away and we heard this so many times before by the same posters..
IMV the current SP is a good opportunity to invest and I have added big number on here on the low share wave yesterday..
I am positive on HUR prospects from here and confident too that the bad news is now done with..
Volatility will continue and shorters abound together with day traders to take advantage and gain from this panic among weak holder to scare them to sell and increase SP gyrations...
Holding strong here and looking forwards for next week..
Genl..SP as with other oilers ..not Genl specific .
HUR ...luckily sold most recently with a good batch of Genl to buy healthcare,bio pharma and support service Shares and also added to my big holdings of TRIN..
But still kept some HUR residual and lost a bit today but added lots today at average of 6.24p...as I think it was well over done and will rise from here...just imo..
Still hold cash to deploy on a good dips...
Thx Leem1 for your concern!
Waiting for Krg payments but I don’t think today decline was related as it was bouncing in wide range and stayed over 120p for long enough to give me confidence next week....though really a bit uneasy with the payments issues by the Krg as I still hold big numbers in both G and Gkp and both in decent profits and don’t want to let go!!
No news is good news...
“Having no information means that bad developments are unlikely, as in I haven't heard from them in a month, but no news is good news. This proverbial phrase may have originated with King James I of England, who allegedly said “No news is better than evil news” (1616).“
Confirming Motif is in no rush to throw away the towel yet!
***SEVERAL healthcare companies are interested in a RTO***
Let’s hope they are not wasting their time to discuss the best offers on the table...!
“Does anyone believe what is said on a forum moves the sp ?”
Yes as the majority holders are private investors and this explains why so many Non holders are deployed to post repeated negativity to scare the holders and force them to sell..
Quite obvious to me...and many