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Oil near $80 a barrel and this still at all time lows. Every other oiler basically doubled this past 6 months. Utterly speechless at this disaster. Company with recent acquisitions should be circa 25k bopd with minimal debt if i understand correctly. Just cannot believe what management have done here, should be far higher than this!
Think its the lack of news Bunks but some oilers also not doing that well. Wider market taking a hit. Starting to get frustrated at lack of news now, there is so much going on, drilling, exploration, gas etc
No value for Fortuna in the share price anyway yet still drops over 10% on delays that are already known. Even oil at $78 has done nothing for the this company over the last few months like it has for all other oilers.
A gamble yes, but discussions still active. Very little value attributed to anything with this company anymore since its been destroyed so badly and sentiment in the gutter. Maybe they will/wont get the funding sorted but taking a punt and putting a few away in bottom drawer
What the heck have they done to this company. Oil at $77 and this near all time lows. Surely been one of the if not the worst performing oil shares ever. How could they screw this up so badly
At least the market is heading in right direction for now and oil approaching $77. This being controlled and behaving like a dog (as usual). Have to sit tight and hope some positive - and long overdue- news is inbound
I'm back in. God knows why as this share never fails to disappoint. Often wonder if it'll ever be allowed to recover. Never known a share quite like it that gets trashed repeatedly no matter what. In a fair and ordinary market this would be �7 now
I realise that it is just guess work assuming this Rosneft deal has anything to do with Genel, but lets just say we do have some involvement here would it not be unusual to have this in the public domain prior to any official rns release? That said it does not give away much detail?
but does anyone have any sensible suggestions as to if this complete and utter cr^p beating down this stock will ever end? Shorts increasing yet again, why do people so badly want this company to drop? Its not like it is doing badly, oil is doing ok, what the hell is it they know that just relentlessly makes this be forced down? I know at this price it is good value for the medium to long term but it is whether i wait a bit longer. It has been over a year since sfo and no other company on the market has been subjected to as much abuse as this. Need to decide whether to tough it out or sit out a bit longer
I'm still here bunks, been through darker days than this. F*ck the mm and this nonsense, yea i am pi**ed off at the drop but oil has softened a few bucks and all hell breaks lose. Obviously i can't predict the future but trust that with oil here and the cash coming in and the management team extracting value from the huge assets we have we should do well. Just have to ride this out and hope it comes to fruition
Sh*t day but not alot better across the entire market. Was so so close to selling this morning anticipating this move- would have bought back in of course. Hoping Murat, Bill, Esa and the team soon put a rocket under this share price and give us lift off. I am waiting patiently for it, fingers crossed! I am keeping the faith
will also just add to what i said earlier, management missed a trick here. There is alot of excitement and retail interest here. They should/could have communicated recently a little more of whats going on/news
but had a feeling this morning this drop was coming. Very nearly sold a chunk earlier as market looks unhappy as do oil shares currently. A little annoyed but still a firm believer in Genel so will have to ride it out and trust my judgement and the upwards trend