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OPEC meeting on Monday and an almost certainly a cut but it the demand side which is key....
If they can continue to control it and given our finances we might have seen the worst....
If the negative press and media are right then things are going to rumble on for a while yet....
And for once none of us really have a Scooby Doos.....
Any thoughts.......
Hawkey
After the usual craziness of this morning it’s good to see us more solid at lunchtime....
Who knows what’s next...USA is key and we could be in for a decent rally or further panic set in and we then carry on this journey....
What frustrates me most is not really having any idea about what really happening as the major players have self interest at the heart of their figures (China, Korea, Iran etc..)
Will we have a vaccine soon, will all this blow over....
Only a fool would predict the outcome of this bad boy.........
Hawkey
Yes did NYC in Dec 2018.
Make sure you have plenty of insurance and cash for an extended stay.
Have to say It risky traveling anywhere at the moment. We have whole schools down here being home quarantined.
So far the USA have been lucky but its only time boefre the virus hits them. Cant see things really poking up until a virus arrives which depending on who you is is very soon or 2 years away........
Wish I had kept some cash....There are bargains everywhere at present.
Keep up the fitness and don't get stressed........
Hawkey
When will the masses stop dancing the brown quickstep media hype and sensationalism and take a look at the reality of the situation. Latest figures state very low mortality rates and only slightly increasing contraction rates - I don't mean to belittle the individuals, or their families, who suffer any loss, far from it, but I don't remember the world going insane over the outbreaks of influenza that happen world wide every year. They say this has no cure - nor do the majority of influenza strains. They "fiddle" around the edges with so called city lockdowns and "self isolating" - talk about "after the horse has bolted" e.g. if one member of a family home self isolates, do they tape up the door and feed them fish heads through the bedroom window - no, there is obviously interaction and then the rest of the family going around their daily business...
Look at the victims who have contracted and unknowingly travelled only to find themselves showing symptoms at the end of their journey - mingled through busy airport (people going everywhere) then sat in confined space for x hours with a few hundred other people - need I go on.
We're either f**ked or it will just blow over - lets not encourage the hype and try and keep some normality.
Is this "cyclic" or is it "sicklic" - couldn't resist....
Anyway, back to glass of petrol - got to keep demand going somehow and surprisingly fiery...
Hi Mayor,
I think all bets are off where Genel or oil or anything could end up.
Sky news reporting over 3 trillion yes 3 trillion been wiped off stock market since Monday...
Personally am in the comfortable position of not needing my investment money for a few years so as upsetting it is to see my investments drop by thousands and thousands each day, selling makes no sense to me at all....
Hang on in there. Try not to get worked up to much and enjoy life away from the boards.......
Hawkey
You only put Tullow on there to pain me...LOL.
Very interesting chart and true that sometimes we just see our shares with blinkers on.
Genel considering everything is in a decent place and when the tide turns it should stand us in good stead.
Hawkey
Not long till our results now. I’m normally a nervous neris but this time strangely comfortable holding knowing the issues are non KRG or Genel....
Next month could be huge for us...note could be.
Dividend increase
Buy Backs Recommenced.
Qara Dagh spud date.
Sarta update....production in summer
Bina Bawi deal
New acquisition.....
Many many REASONS TO BE CHEERFUL.....
Hawkey
I’m with you Boys. The fundamentals haven't changed at all so why should our strategy.
In a bizarre way this could play out in our favour long term with regarding to Shale, Worldwide government investment, QE etc....
It’s not the first time Genel or the world have faved such issues.....It won’t be the last......
Hawkey
An excellent post as always Boyo.
I think a couple of the major major advantages of being in Genel is the current no debt situation and also the very low of cost of production.
At 30$ per barrel they break even and at 40$ a barrel they can maintain their dividend.
So share price aside for now Genel still have many Reasons To Be Cheerful.
Have to be honest though, I can see things getting worse short term with the blooming Virus and therefore the stock market and us but hopefully a vaccination is not to far away.......
Heres to a good outcome soon.....
Hawkey
Thats a very kind offer of you Leem1 but I fear you are not a man of your word as you previously said you were going to stay away and didnt.
You don't hold any shares in Genel but constantly spout your negativity here and very very rarely on other boards.
I done think your behaviour is strange at all, in fact I think its completely premeditated and calculated.......
You my son are the kind of person I very much pity. When you look in the mirror and reflect on your post....What do you see...I know what I see.
This is my last every reply to any of your post. Please try and stick to your word and refrain from posting. The board will be a much better place without you.
Once again I wish you everything in life that you deserve............
Hawkey