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Shame i did not buy back in yesterday! Fantastic news and as always with this share underappreciated news and grossly undervalued. That piece alone adds a few thousand bopd at least and to many a share would be classified as a significant rns. For Genel it is just business as usual. One day the market will wake up
Oil not even down 1% and this down another 5%? Its weird how with oil still high oil shares (not just this one) always get smashed with any general market dip. At least other oil shares enjoyed the recent rally however.
Balanced view JL. You become attached to shares as maybe some others have experienced. I guess when Genel has approaching on half its market cap in cash (ok a slight exaggeration but not too far off) producing circa 35,000 barrels of oil a day at very low cost, has many other prospects and oil is at these prices you would hope management would have a few more answers than what they are currently providing us with. What i am saying is this share price is pathetic and they need to start relaying that to the market. This is down 10% on a week when arguably it should be up 10%. Nothing goes up in a straight line but this is seriously underperforming right now when we are led to believe the company is outperforming
This share is still tempting me but what on earth gives here with the share price? I sold out at this price when oil was $15 lower. How and why is this performing as badly as this, all this has done is drop throughout the entire oil rally. I realise update is on Wednesday. Lack of news all the time here never helps
Your right JL. Think i better log back off and go into hibernation again. The share price is farcical here but cant be bothered to buy back in and put up with all the games. Management really need to just communicate a little, probably be 500p if they did!
Could anyone bullish or bearish explain to me since for ages i have never understood this. How or why is it possible for an oil company producing more oil, more cash, more free cash flow, more profit, more growth to drop like this when oil is consistently rising? I mean this is down 4% today alone and 8% on the week alone? I would understand if it remained flat but what is a logical reason for this or is applying logic just pointless??
Cant believe im saying this but tempted to jump back in here. Oil has put on like $20 and this has basically done nothing. On the one hand this has been a total dog the last couple months- look at it today down 3% when it has risen nothing, worst performer during oil rally now worst performer on the way down. However surely an oil company producing the sort of cash we are has to be worth more than this. I really need to stay away from this board as i get itchy fingers. Just can;t figure out why this is performing so terribly when oil is doing well
You say that Boyobach but having looked at the oil price rise its risen about $15 this last month and that has to translate to something beneficial? Genel was 300 when oil was at $60 (i think) so there is a disconnect. It has just fallen despite oil rallying. I think every oil share bar Ophir has performed significantly better than Genel the last couple months and now Genel will fall with them despite not rallying with them. Don't miss shares i must admit i'm just glad to be out as its a joke. Good luck to all and hi to all the regulars on here. JF
Been a while since i logged back on here. Haven't really been looking in since selling up a while ago. Noticed the huge surge in oil prices and am simply amazed how badly this share has performed the last month all things considered. With oil here and DNO doing all the heavy lifting god only knows how management have managed to let Genel underperform to this extent. Will always have a soft spot for this company and wish you all the best, hopefully plenty more rise here yet but crikey they really need to start doing something to help
Still can't bring myself to buy back in here despite the value seeming to be on offer. This must surely be the worst stock on the entire London stock exchange. How can an almost debt free producer of oil with oil around $79 as i type be down another 3%. This has dropped 50% on an oil rally. Risen nothing at all and now is dropping with the rest of the market which is now rallying again. Guess see what happens on Thursday but it is almost incomprehensible for a share to perform as badly as this. May as well have kept with Nick Cooper and let him finish off the job and put shareholders out of their misery as this new guy has done FA but collapse this even further
No probs bunks. Think my average is around 320ish. In a way i want to stick it out and see break even and i was almost there!. But in all the years I have held here this is the most confused i have been as to what is going on with the share price as I don't understand why it is performing so dreadfully or why the volume is off a cliff. I don;t like things i don't understand, and i am not prepared to watch my money disappear again here. The management at Genel are fantastic but i do fimd myself wondering with everything they have at their disposal how can they not be creating significant shareholder value with oil near $80 and oil barrels out the ground at like $2? If they pulled a few levers this could be £4, 5, 6 etc but in honesty im sick and tired of waiting. Have said it for 3 years and it never comes!
Thanks guys, loved sharing the board with you lot and Genel is a great company. If only it could rise as quickly as it fell from £10 now everything has fallen back into place. Thought this would crush £3 without even blinking and yet here we are back 30%, i repeat 30% lower than last month off of the back of good results and a higher oil price environment. Have lived and breathed this company but it has finally broke me and i am getting too old for the stress. Don't mind volatility nor weakness for valid reasons and market changes but this has gone way way way past taking the p*ss now and the company have never intervened to stop the BS that happens here so i may as well check out before they keep on dropping it further. Cannot fathom it but have come to the conclusion that this is simply not allowed to rise- have no idea why or the reasons but i just am not prepared to put up with it any longer. Have sat patient for a long long time and this never holds on to gains. Wish you all good luck and hope that £5 party comes soon, probably will now i have finally given up :) Cheers JF
Got nobody to blame but myself for this. Had 2 opportunities to get out if i wanted to at 300 but maintain it was still too cheap at this level. At this rate i will be out and I won't ever be investing again. Fundamentals count for nothing. This will soon have lost 30% of its market cap in one month with oil rising daily and production and cash rising daily. Investing is a mugs game and i am done. The company won't defend the share price so i need to protect capital i have left
I don't buy all the Bilgin stuff. It cannot have done this much damage. This is so weak and persistently poor i just don't know what Genel has said to ruin the sentiment so badly.With oil where it is and production where it is something has to be up because nobody cares and the market for whatever reason does not like Genel. If all is good we should not be at this share price and people would be buying, end of story.
With oil up over 10% the last month this has managed to shed 25% in value. And now oil is off 1% (actually is it up today a touch?) we have been pummeled along with the rest of the oilers. Become pointless watching the stock drop daily lately so have not been looking as much. Unless the company say something then we will just continue to get the s**t kicked out of us i guess. Strange how even the debted up oil companies are arguably holding up better than us. Nobody interested in highly cash generative and profitable oil companies, well not in our neck of the woods seemingly. Come on Genel give us something to get us moving again! (upwards!!)
Frustrating the heck out of me JL as i just want to know what is going on! Results ticked up to 300 and it has just collapsed for no apparent reason and is completely and utterly dead now- no interest whatsoever. All of this despite oil having risen over 10%. Lots of theories but none of them explain this magnitude of fall or lack of interest. What gives? I know BOD don't like to communicate much so maybe just profit taking