Member Info for Jim800

Spelling bee

When you say the opposite view to yours you actually mean “the correct view.”

will people who haven’t a clue what they’re talking about please stop writing absolute ******?

as the sensible posters have reiterated time and time again there is $42m of potential dividend money to be used to pay individuals dividends or buy a small number of shares from them at 5% over market rate. off course you can’t sell your share and get the dividend for it, nor can you sell your share and keep it!

david spellacy if you could get your clever cousin david numeracy to post whilst you up and do something else it would be much appreciated.

come back gg - i’d rather talk about dec not actually having any gas and buying it all at spot price on a daily basis to match hedge desks. ffs stop!!!

Tazed - if you could write that in understandable English you’ll hit a wider audience.

AoC - perhaps the asset sale was just getting rid of an asset they never planned to develop at a price they liked.

If we assume constant producing assets with normal decline rate then production will fall. But if they bring other non-producing assets online it may not. Though doubt it’s worth doing that in a low price environment.

Dividend hasn’t changed since Nov 22 (probably announced Sep 22) so I don’t think increased dividends have had a negative impact on SP.

However a decrease would have a significant negative impact as lots of us are here for the dividend not capital growth (though both would be nice).

Years ago the gas from BB fields was the reason for investing. The oil was merely a sideshow to fund gas field development.

Doubt Genel could afford to develop BB until pipeline is reopened and decent reliable sales payments are back and regular.

Has anyone got any thoughts on when the outcome of the tender offer might be made public?

Settlement date at end of March or prior to that in an attempt to influence / infirm the wider market?

Or does it depend on the take up? Lots of take up early news, feeble take up delay til last moment.

That’s an interesting perspective Zebra.

If you’re correct and the offer is aimed at the US market that’s a clever way of keeping everyone happy whilst supporting share price, removing shares from the register and saving on future dividends.

Easyinvester - congratulations, the most stupid post I’ve seen since GG left!

The dual listing was an attempt to increase availability of us funding (for future acquisitions and expansion). The consolidation was a pre requisite of this.

The slide in share price was in parallel but not due to US listing. I’d add a general ESG aversion in the UK and some specific negative journalism on methane emissions to Mr Gs post.

How can there be no intrinsic value in the company when they have declared assets and ongoing hedged production?

Lots of shares held by BoD (over 3% by Rusty) so I think their interests are pretty well aligned with ours.

Guess we should expect a mix of opinions - but yours are factually incorrect and a bit irrational.

Still, tender offer a good way out for you if you really think what you type.

I’ve never understood that.

What’s the point of having cake if you can’t eat it?

Sorry - that should have read operating in KRG (not Iraq).

Mobiles and no glasses always a recipe for disaster 😲

Seem to have broken through that pesky 980/981 resistance level of the last month or so - theory says that should now be a support til next significant move.

The less aware amounts you may have missed the fact that KRG has spent years trying to be independent from Iraq (politically and financially).

Iraq has also deemed all oil companies active in Iraq to be operating illegally.

No way Iraq is going to pay KRG’s fines.

Go read any political news from the region over last decade.

Doesn’t matter whether it’s an out of court settlement or a in court settlement if the defendant can’t pay.

I’d say Genel’s case is a dead cert. However getting payment will be nigh on impossible. KRG haven’t had any income since pipeline closed. Can’t see Baghdad bailing then out!

Money is in Turks buying more, then opening the pipeline up - the arbitration is a sideshow.

The Wednesday - thanks the clearest explanation so far.

Why others feel compelled to pontificate on stuff they clearly don’t understand is totally beyond me.

Always good to point out how much money you're dripping into the local economy.

Thought the questions were pretty sensible as well.

Perhaps they see DEC as the most ESG “friendly” O&G stock out there. If they start to trumpet DEC’s green (ish) credentials they’re more credible than the Snowy brothers.

They’ve got a messily £3m, many many months after it was promised and a JV ( with no funding).

Compare promises with reality - stark difference.

vls shares cancelled and company taken private with shareholders getting 0.25p for their shares.

lots of comparisons with eqt:

- inability to get their promising tech proven at industrial scales.

- treated more like a science project than a business.

- inability to raise funds commercially, successive raises diluted holdings enormously.

- late consolidation didn’t help.

i bought 3 lots of green aim shares (eqt, vls and getech) about 3 years ago with oil and gas dividends hoping one would make it. now one has failed and eqt and getech both in intensive care - meanwhile shell and bp continue throwing off cash. esg investing my ****!

SD - don’t start clogging up this board with logical, fact / numbers based arguments; most patrons here seem to prefer personal insults, conspiracy theories and random speculation.

Facts will not be entertained!

SD - well for something meant as "not serious" it wasn't very funny, ironic, witty or entertaining!

Guess readers can now just assume anything you say isn't serious (which begs the question why bother).

The fall in price is far more than "just another chance to buy in cheap." I'm a believer in the strategy and am seriously overweight in both SIPP and ISA as all the evidence I can see points to a patient hold being rewarded in the interim with a decent dividend and in the longer term with a SP back to a level where the current return to investors gets back to a more normal looking 10-12%.

However, the fall and continued lag show that the market doesn't like the story at present (many potential reasons have been discussed on here so I won't repeat but varying from credible (debt levels and confusing financials) to the bizarre (from GG).

Views in risk / reward will vary dependent on your interpretation of the info out there but it certainly is not a definite buy -big time at present in my opinion.