Member Info for Jim800

Imagine how bad yesterday would have been in the US without the 123k BB!

Almost like they knew it was coming 😀😀😀

It’s been on a slide since the spike up in September on news of IOCs agreeing export deal.

Slide started immediately on realisation Genel /DNO weren’t in the export deal.

I don’t see any reasons to rise at present but nor do I see any reasons for it dropping to the 40s. At present it’s only moved by oil price. It’ll take some factual news for a decent move in either direction - not just Oily’s mum’s tea leaves,

Mr Positive.

What is the value of IP for technology that has never been proven to work outside a university laboratory. Even their technology demonstrator only demonstrates that the tech is not commercially viable - hence the current share price.

By all means have dabble at short term trading and you might win - there is no long term investment case here as has been repeatedly proven over the last 10 years.

Are numpties arguing amongst themselves with no reference to Hex a precursor to a share price move?

Hope so 😀

They’ve repeatedly said at investor events there will be no dividends until geographical diversification is sorted - so several years away yet.

Just bear in mind that Simms has been proven wrong on every post he has made over the last 3 years 😀😃

Anyone buying the last few days and getting out quick might make some money - the technology or the company won’t!

In September (which you’re quoting) the expectation was that all IOCs would act in unity -and that a deal was near - that turned out not to be the case for DNo / Genel.

You may be correct that an export deal and back payment arrangements are closer than we think - but I can’t see any evidence of that. Indeed progress on payments for those IOCs who are exporting seems limited from GKP news. They’ve had initial $16/ barrel payment for Sep and possibly part of October but no news on actual pricing following consultants’s report on production costs and nothing on monies owed. No-one is even sure current deal will last beyond December. -let alone an election.

Possibilities certainly, actual RNS facts certainly not - yet!

Mav - 2 reasons it’s not helpful.

Firstly, they have a limited resource and they’re choosing to increase capex to sell it locally for half of what they’d get at international prices! Get exports sorted then ramp up production.

Secondly, they have said repeatedly they’ll only bump production up once exports and back payments are sorted out. They’re not doing what they have said they’d do so a rubbish negotiating tactic.

Now there may be an export and back payment deal being agreed we’re not aware of - in which case it might be a good idea but we don’t know that!

Or wishing they sat tight this morning and bought now at 57.6!

Start as many different threads as you like - still no Genel specific news to move price upwards.

It may come next week, next month or later next year - but until it does, buying is a gamble based on DNO’s uplift to production (and focus on Norwegian coast), not investment based on facts.

rock red,

uncertainty over timing of next steps in takeover.

uncertainty over completion date and transfer of money for shares.

v slim possibility of deal collapsing.

prior performance of wood bod. nothing too simple for them to **** up!

Someone offloading 41 or 42 shares every 10/15 seconds or so today. But seemingly no buyers out there.

With that and continued HH slide at least there are reasons for today’s fall.

That’s a full week of “bumper days” from Oily (again with nothing to support) yet share price is down 6.4%!

Mystic Meg you aren’t!

Continually wrong you are 😀

Wonder why Genel choose not to release an RNS saying back payments sorted, production increasing and export formula agreed?

Either they just don’t want the share price to rise - or perhaps none of these are agreed yet!

Nice rise, but 40% of f all is still f all 😀

Anyone struggling to buy can have mine - suspect most holders are still waiting for their holding value to exceed dealing costs.

Crazy US after hours volumes again yet UK down on opening!

I wasn’t saying GKP was better than Genel.

But surely GKP is a much more likely takeover target as it’s not a subsidiary to DNO and is debt free. It’s also getting export prices and not tied up in loss making ops on Morocco and Somaliland (I’m assuming Oman will come good in a few years).

I hold both, one is blue and I think is more likely to pay a dividend soon with consequent share price increase. The other is Genel with no chance of a dividend until Oman is flowing and little sign of share price rise til they start exporting and receiving back payments.

Time will tell,

Reality check!

It’s an article based on 2 brokers (one of whom gets 2/5 in reviews and the other who gets 3/5).

They project target prices of 80p and 90p so an average (clearly stated as a consensus in the article) of 85p.

It’s not a strong buy - it’s a buy recommendation.

Why the continued attempts to mislead - even with the articles you post yourself?

Other IOCs now getting paid for exports (see GKP RNS today). Genel still missing out on that.

Doesn’t seem to have hurt US volumes and a crazy after hours price jump on 400k shares even with HH down 5%.

Bodes well for tomorrow’s UK price opening.

I’m not sure that down 4% is commonly defined as a “great day.” 😂

On market watch they have got a bit confused with Dec name changes,

I agree with Vista’s figures and the individual detailed movements by shorter reflect these numbers.