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Call me dramatic but at what point when fundamentals are so out of sorts with the share price do management owe it to shareholders to do/say/comment/action something? (if indeed they even have to). This is simply ridiculous now
Just letting it all out now but will take a break from boards as sure people get fed up with me moaning. I wondered if i contacted the company and asked if they could comment on the share price and whether they feel it is performing in line with expectations they would tell me to do one? This is seriously not right. There is simply no way that if we are being told the correct facts the company would be valued here. To think i thought 300 was a joke and we can barely hold on to 230 now. Management must do something to stop this nonsense
Well on the positive side at least the DOW and ftse are recovering a little. Oil as well. Obviously this share won't but we all knew that already as it never follows the market up only down. GKP and some other oilers bouncing nicely
Anybody think this dog has bottomed or yet more pain for us? It never tracked oil up to $87 and now oil is down will it keep dropping? I guess yes because its Genel but surely value must be around this level?
Just waiting for the moment when this isn't the worst energy/oil stock on the entire market. Is there anything that will make this share go up?? literally anything? Ignores oil price, ignores market rises, ignores production and cash increases, yet falls on pretty much every single scenario
lol, well its good to be back ad feeling the good ol Genel pain again. No rise with the oil rally, no rise when the ftse is up and now the full force of a 10% decline in 1 day on the back of another good update. Love this share lol
Thanks JL, I got no idea what i'm doing. I just see cash of near $300m a mcap of 670m, 40,000 bopd and potential of more. Monthly payments of 32m and rising each month. I don't know whether this goes up, down or sideways but hope with $80 oil this is a growing business and one day it's success will be recognised
I'd argue that Genel BOD are well aware of that. They frequently mention M&A. Besides, its is not like there is a shortage of cheap oil or other assets in Kurdistan either. Not saying you are wrong- clearly the market doesn't like this company else it would be far higher. Guess time will tell. It is actually unnerving me how cheap this is and I fear i am missing something really obvious and that worries me more
I guess we will just be stuck in the 230's until cash matches market cap. If thats how long I have to f**cking wait then i will. No other share in any sector would perform this poorly with the numbers in that trading statement. Any and every metric possible this is outperforming. When these crooks stop messing about then it will rise
Swore i wouldn't do it but im back in. A bit disappointed in myself for doing it and hope i don't regret it but with oil at these prices and Genel backing up the truck with the amount of cash they are pulling in as well as 'significant' production hikes at year end I figure if in the market this is probably as good a place as any. I want to be in a company thats making money and profit and these guys are in spades. Management are top notch. I need to keep my emotions in check and stay off the board and stop watching share price however as it'll drive me mad. But if you believe in the company and prospects then thank the market for giving you the opportunity to buy at these stupidly cheap prices. No need for me to ramp just read the numbers in the trading update and thats what has swayed me
Impossible to understand how a company that keeps building (huge amounts) cash on a daily basis with continually improving production and a high oil price is basically on a downward trend. The better this company does the more it drops. Why do people invest!
$100 oil, $500 in the bank, 50,000 bopd, heck even if the gas was flowing it feels like we would still be stuck in the 240's. This share is a total anomaly, back in the old days people used to invest in fundamentals and value. Now its just trash junk aim shares and charts. Read the update and explain how this is not even up 1%
I wish I knew or somebody, be it an analyst or the company could help explain what is required or necessary for this to advance and see some kind of 'fair' value. I personally don't know what it is, is it political as that seems reasonably stable? is it cash or production, which keeps rising day after day? Is it Isis which has now basically gone away? Oil price not high enough? Progress required on other assets? Anyone else have any sensible opinions on this? The market does not like something as looking at the update today to a casual investor like me the share price should be far north of here and even here it is stalling
Hugely undervalued, has been for ages. Why the market does not seem to care about an almost debt free oil producer churning out circa 40,000 bopd, with cash in the bank, oil in the $80's and billions in assets/resources I have no idea. But it does not seem to!