The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Haven't looked in here for a while since selling. Despite oil rallying lately this is still dropping and going nowhere. The management of this company are a disgrace and should be ashamed- how they manage and get away with this much share price destruction and still sit at their desks, do F all and get paid for it i have no idea. Complete contempt for shareholders
Oil up, oil stocks up, GKP up near 300 and this down- yet again-. Have absolutely no idea what is going on with this share. You would think an oil company making more money would equate to a rising share price. The most I have been confused in a long time holding here. Have a good bank holiday weekend all, shame that it looks like a rubbish end to week yet again. JF
Nail on head Hawkey, precisely why I need to decide what to do. If the company are just going to sit about and let DNO do all the lifting at Pesh and the share price tread water (or drop severely as is the case now) then its not what I am here for. Gas should be sorted now lets be honest, heck even Bina Bawi oil should have been agreed back in March. This is going backwards and that is what is annoying me. This share could be far far FAR higher than this, heck even 300p this is undervalued but we have to get on and DO SOMETHING. Ups and downs dont worry me too much, this has been at this price a couple months ago and I was not too concerned ...but I do not see what the point is of increased cash flow and production increasing at Pesh when the share price just drops. We need to expand and quickly
I said i was taking a break from here and still am. TBH after 5 years in G if i had logged back on before 4:30 today I likely would have sold since the performance and progress here is past being a joke now. Every single oil company up oil up energy up. Seriously, what on god's earth is going on with this share? This is down 25% and is still dropping. GKP is up and over 40p higher than us ffs. Hawkey have you spoken to the company as i know sometimes that you do, wondered if they had any insight as to what is happening here???
Taking a break from here as if i continue watching i will end up selling as sick of this share now. How this continues to perform THIS badly i have no idea. GKP and DNO are doing ok. Unless management do or say something or deliver something then guess we are f**ked as this needs something to give it a boost. See you guys in a couple weeks. All shares have ups and downs but this is taking the p*ss now
I wish Genel would stop dilly-dallying JL and get on with some of the projects. Gas has been harped on about for donkeys years and I really expected some progress on this by now. I think the summer volumes, oil slightly off and the Turkish nonsense combined with a 'lack of any blockbuster or meaningful news' has meant some are exiting... for now at least. Its difficult not to get despondent and equally you cannot say the board are doing a bad job at all. For me it is time for them to deliver something however, pesh is all well and good but DNO are managing this. We have to press on or risk treading water. For a company generating the FCF Genel are the share performance has been dismal. The last 3 months have been depressing. I am staying on the Genel train but i keep saying to myself ffs Murat, Big billy, Esa lets get this show on the road, its about time! Sorry i'm waffling
Agree Rangor. More I think about it the more confused I am with the drop this week. Now obviously i could be missing something but the market liked the results i assumed and this went to 300. Maybe digested them and price softened but what has caused this level of drop I have no idea. Turkey has no real influence on Genel, the gas tie in is not priced in anyway and their operations are in Kurdistan. Bilgin might have triggered some panic but do not see that worthy of 25% drop. If you believe in the story i guess just buy some more at bargain prices. Always has to be something with Genel to hault progress it's as if the market wants us to fail. Lots to like and progress continues yet it looks for reasons to be negative- be it payments, isis, kurdistan even now this has all stabilised its looking for something else. Ignore debt to almost zero, increasing production, cash of 30m landing monthly, fcf etc and focus on any negative possible!
Whats with all the low predictions? Yes this is currently a dog but what has actually changed? This randomly drops 25% for not much reason other than Turkey and a seller speculation and now everyone goes negative and says this is heading to 200 or less? I am not saying it will or won't just don't get the bearishness right now. I am perplexed at the drop but cash and production increasing and debt going down daily yet this has been pummeled 25% and you guys reckon more? I reckon 260, totally at odds with what is happening here since those good results and DNO news. This was at 300 last week and everyone was screaming higher
Just wow. Still in shock about this. Wouldn't mind so much if there had been some bad news rather than good as well as good results. What the heck would bad news do to the sp here does not bear thinking about. A 25% drop for no apparent reason. Time to sulk, cannot believe this share sometimes
Oil up and this continues to fall again. Consider me stumped. Crazy to think this was 300 just last week. Traders milking this at least whilst investors shafted. This shouldn't be at these levels so god knows. Time to switch off- as usual...
One day when this company produces 100,000bopd and has its mcap in cash maybe the share price will rise. Until then have to put up with this c**p
This is starting to turn into a dog, no idea what has happened since this popped to 300. Progress being made and clearly no interest or impact on share price. Will continue holding but beginning to wonder what the point is at the moment. Summer lull or just no more short term upside
Defeats the purpose of investing, since you invest in a company and when it does well you usually prosper. Nothing not to like and the results mean nothing since this is back to where we started now