Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Somebody's trying pretty hard to find excuses that justify bad decisions...
...it's simple you would have been over the moon congratulating Genel and its management for their achievements had you triple/quadrupled/ even 6x your investment had you bought at 50p.
If you wanna keep holding, look at value not price... if you understand this concept you'd be much happier and confident.
otherwise... just give up mate...
Why are people complaining and blaming their st*pid investment decisions on the company and management...
It's a shame, you had the choice of buying at 50p and/or £3/4/5+ .... you chose the latter... dont blame the company, you're in full control of your money's worth...
My advice: sell all your portfolio... investing is not your thing
heard that before...
always and forever the weakest of all...
...buiness is good ... metaphorically speaking... lol
i cant disagree 1 bit with that...
Time to move on Kids
Funny how Hawkey turns from blind ramping to "wondering" as soon as he sells his shares....hmmm just saying... still love ya tho (i think)
anyhow here are the reasons.
- North Sea ... long term production decline, more efficient to divert income from sales of North Sea assets into higher growth projects. Long Term thinking... with Chevron's size sacrifising a bit of short term production for long growth is common practice... it does affect EBITDA but generates cash for investment and most probably registers gains on sales of assets... everyones happy.
- Kurdistand... theyre not selling they're bringing in a partner that is well connected with the Locals, Turkey and Azerbajian... rememeber everyone hates the Yanks (Chevron is guilty by association) and historcall Amercian companies have been able to take off in Kurdistan (regardless of american "support" to kurds, trust is not great to say the least). Bringing in local partner will sure helps... oh yea and what better reputation boost for Genel for partenring with a major...
Dont underestimate geopolitics in this.
Hope this helps... will you get back in now??
...immaculate timing, just as planned... as usual... lol
Steale... a simple google search of US production will show u that ... if your not familiar with those production numbers u really shouldn’t be anywhere near any oil stock
Have you realized that in just 1.5 years... shale has added over 3.5m bod thanks to OPEC's 1st cuts... what do you is gonna happen in the 6 months with high prices and even more 50% more rigs that in 2016/17??
No im a holder ... at much lower prices than yesterday's price (sold some at 123p tho)...
But a realistic holder not like the emotionally involved short term thinking amateurs who jump in on excitement to end up getting burned with the herd...
Its simple u prop up prices=> u encourage oversupply... time to learn from previous mistakes ... remeber 2017?
...now let shale replace your 1mbod cut in the next 6 months...
Oversupply will continue well into 2019 despite any OPEC cut... the trend is your friend I’m afraid…
The only solution for higher prices will be the imminent reverse of shale production... either through surprise decline in production, lack of liquidity from markets (through financial crisis, or loss of investors confidence from the historical lack of returns) or increasing cost of funds from higher interest rates.
The question is, what will be the catalyst?
Meanwhile expect more greying hair MRD
...is crashing towards single digits... generally good for oil prices in the short term before all hell breaks loose...
Start panicking when inverted ...
going BONKERS... tutututuuuuuuuuuuuuuuuu
its ok.. i kinda missed you...
Marshall2810 ... finally someone who agrees with me... go tell the MTR BB that... and face the hysteria...
Mrd... do you mean that hole you piped down into after your hair got grey??