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Very good post GAG.
I think what frustrates people is they cant clearly hang their hat on what Buy backs do.
Having said that they clearly "DO" good stuff unless the whole stock market is wrong.
Another decent day so far.....Im still very concerned that oil and especially gas are far to high at present and this could start a whole load of problems.......
Andriod who is that.?
Who is that..?
Pappalazz,
No offence was intended I just thought there might be some help on the boards.
Surely the boards are for helping each other and general discussion. You will note I have also posted some helpful links so it’s a 2 way street surely...
Agree 100% Tartine.
It’s a time for being brave, facing up to what’s ahead and looking after family, friends and neighbours.
As it’s going to be a very difficult week I won’t be posting after today until Friday.
If it’s good that fantastic and if not then we just need more patience but in the coming weeks the lunatics are likely to be at large so rather than getting angry or frustrated I’m having quality away time.....
Hawkey
By the sound of it governments worldwide will be needed to bail out many many industries and large business..
Airlines,
Cruises and Cargos at sea.
Land transport cars and lorries....
Which would you bail out first or some in each sector?
Hawkey
Got to say that short term and by that i mean 6 months or less i am concerned about all markets especially oil.
With literally nothing going on in the whole world how much oil is the world really using..
Add to that that Saudi, UAE, Russia and share will all massively increase production over the coming week plus the huge discounts they will offer to protect market share....well its doesnt look all Roses ahead ....
Life changing times ahead for many......
The only certain thing is that no one knows what will happen and where this will end...
Troubling times even for Old Hawkey.....
Hi hasiba,
Its think it a number of things which are pulling people down.
Corona Virus
World Oil Price
Genels performance
Daily Negative News every day
Future uncertainty everywhere
And a big one....Weather
The one thing for everybody is were are all in it together. Some much more so than others, Im well over 6 figures down temporarily.....
Could things things get worse short term....Possibly. .....Payments, Dividends, Production Tawke, Taq Taq....Thats the honest picture.
However will things get massively better longer term.....You bet......
Much higher oil prices
Huge increase in production, Sarta
Some truly massive gas fields
Massive potential in Qara Dah & Somailiand
Cheap Acquisitions.
Bigger Dividend.
Come and join us for the ride of your life.............
Hawkey
Well said Dodger but like Bunks and all of us it’s frustrating.....
Here’s to a Friday Club Cider and better days ahead...
Just think how you would have felt if you were LTH of PMO or TUL or numerous others with hefty debts....
Hawkey
Whilst nobody can say the last few days have been anything but totally horrible its worth keep Genel into contact with other peer group shares.
Genel has been one of the best performing shares in this group so far this year..
GKP
PMO
DNO
PHAR
KOS
ENOG
CNE
HUR
So as always it going to be a bumpy ride but there are still many many REASONS TO BE CHEERFUL....
Hawkey
Genel is a company with amazing assets and low production cost.
In line with nearly every oil company in the world the share price has been decimated.
If you are at all concerns sell your shares and good luck to you.
A couple of things worth remembering are:
Genel has some of the lowest production cost in the world.
Genel can break even at 30$ oil.
The world cannot sustain oil prices this low.
Its just another day at the offices unless you need the money now......
Hawkey
A huge gap in the performance of GKP and Genel today.
Between 8 and 10% difference on the day........
Just can't think of any reason why. I know they ended up close as usual but on the day seemed very strange ???
Any thoughts ??
Hawkey