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Didn't get chance to comment yesterday but covered by rest of posters. Usual non delivery and disappointment. Am used to it now with this company and management but it doesn't make it easier. Feels like just checking off the years now with nowt happening on any front. Something must change here, a new CEO would be good. Bored of it tbh so I will leave it there but something must change. The running of this company and lack of progress is just unacceptable
Wouldn't make any sense to 'store' news for the TU. Why would they- the share price has halved as a result of their lackluster progress (and oil weakness) so sure they would have said if anything material happened. If 2018 was exciting (Murat speak) then i dread to think what a slow year would look like. They have killed us
Anything material would have probably been announced separately. No news, no volume, no interest. Hardly surprising anymore. This share has been dead since March 18. Expecting nothing from TU tomorrow (par for course now with this company/management team) so hopefully no bad news and some indication of what they have done the last 9 months would be good. Still completely amazed at how badly they have handled the last year. If no corporate activity/progress then ok these things happen- but at least run the company, look at dividends, share buy backs, advance 'an' asset, or simply communicate
I know i'm critical but i absolutely salute Genel management for being able to have a company with this amount of cash, production and assets and somehow delivering no value to shareholders and a share price that is this comical. It takes some doing but they have done it and done it well
Good to see us falling again anyway. Not that Genel management are bothered as they couldn't care less about investors for the last 12 months. GKP doing ok.
Thanks Greg/Hawkey for comments. At least these jokers have to give a trading update tomorrow so we might have a clue what is going on. We can then look forward to another 3 months of silence
Gregpeck- appreciate its purely speculative... but any reasons for thinking this or just because news is overdue? Just wondered what kind of vibes were coming from them?
I could be wrong but i am not sure why everyone is saying production might be dropping off. The DNO offer document itself quotes 'DNO released its unaudited third quarter trading statement for the nine months ended 30
September 2018. The following has been extracted without material adjustment from the unaudited third quarter results' That is where production numbers are from, and we know the numbers. Does not seem current to me. Presumably if it was a material announcement Genel would have mentioned it. Notwithstanding this, the lack of news or progress is to me bordering on negligent and is damaging and if Genel cannot see this or do not care then we are in trouble. There is little news and then there is this.....a total blackout . Completely unacceptable in my opinion as there should be developments of some or any description. It is just ridiculous now.
Go on Big Al..... sock it to these jokers and bring shareholders value!
I do agree. I would not put up with the chronic and continued underperformance of this share if i didn't. None of us want silly wasteful or rushed decisions and pointless updates. Or debt. Would just be handy to find out what is going on and why with asset development. It is so frustrating to witness a company with this amount of cash and assets languish down here and management not really seeming to be bothered about it. There are any number of things they can do if no material news
No doubt comeonvog. But I have been saying same for years. Management just cannot or won't make progress here. It may even be out of their hands. Colossal potential but something actually has to happen else we go nowhere. You cannot be silent in an E&P company, you need news and things to be going on else people won't invest
Everyone lost faith Whitehat. No news in 9 months despite several assets. Total silence, therefore no reason for anybody to invest when don't know what is going on
Most oilers moving upwards. GKP smashed through 200 easy. Not this dog of a share, down again. No matter what the update says it is difficult to see this not selling off purely because of the sheer stupidity of leaving it so long without ANY news. If its good it wont be good enough. If it is average or bad then it will sell off. What on EARTH are genel management doing and why are they ruining (or should i say ruined) sentiment- because that is what they have done now. For crying out loud what is going on
Be amusing if Sound energy (i.e a cash strapped nonsensical aim outfit with little prospects and a load of hot air) overtook our market cap. Remember when UKOG had a higher market cap than us. When we have £2 billion in cash in the bank our share price 'might' get to £3. We will still be sat here moaning wondering what management are doing lol. There cannot be many, if any, companies on the market with such inability to grow shareholder value as this. May as well just sell the company seeing as they can't be assed to run it effectively
Broadly up with oil and the market. Treading water. It is actually at the point now where moaning is pointless. This could be £3, £4, £6 a share you name it, but not with this incompetent lot running the show. Someone mentioned can you imagine DNO management running Genel. We would be off to the races. Got all the ingredients to return massive growth to shareholders but i'd go as so far to say they refuse to do anything now. Hand full of aces but would rather sit on their hands and let us languish for a year
Fair enough. Makes very little sense however that this is down on a very bullish day for the market/oil stocks when it is in play. It should be strengthening the deal/share price really. Any kind of progress on Fortuna or Tanzania would see this re-rate so why sell now. Seems clear that the offer, if one materialises, will be sh*te hence share price dwindling. Entirely pointless selling down here at this price may as well just let it re rate as 28k bopd next year and with any luck oil price improving
Almost debt free 25k bopd producer valued at £300m. That is not considering the huge assets (and a long list of them). Ophir need to change their name to Hurricane energy. A non producer valued at £1 billion! God knows why Ophir is so unloved, yes Fortuna was a non starter but the way the market pins the share price down here is insane
*well technically our company, but we have to wait several months at a time for any real information
Seems everybody is in the dark regarding what our plans are. Hope its not another year of no news or progress. Although way things are going wouldn't put it past Genel BOD. I remember around March last year this share was formidable. It bucked the market and the oil price. It caught the market and everybody's attention. It gathered interest and the prospects looked fantastic. No matter what comes in the future good or bad I will always struggle to understand what would possess any company to totally shut off from the market like they have and crush sentiment for almost a year. Why don't they consider more regular news flow, good or bad. As no news seems to be scaring private investors and panicking the market. Guess it is their company and they can discourage investors and manage it badly if they wish and we can always sell up- its a free world