Great views and discussion today. Ultimately we can discuss buy backs etc all day long. I think it was a good move and it firmed the price up a little. Still believe that Genel managements focus should remain on delivery and results. Including landing bina bawi, acquisitions and building the business. We are not seeing much evidence of this (yet). They need to understand and appreciate that the market won’t attribute value until we see some proof of execution. Bill has to be aware of this. Short term measures and promises won’t cut it. It is taking to long for them to get this imo. Massive potential and rerate if they do- and that’s what we are positioned here for. Huge upside. Good weekend all
I’m on holiday but stupidly looked in here to see Genel is still being Genel. Can’t fathom how this share is so terrible. More cash and more oil and we just drop month after month. I thought that they would have a plan Bunks, post the buy back to build on the momentum with a string of newsflow. I should known better however! At least results soon and we can see what’s going on with progress. Not like we are told any other time or news is used to bolster the price lol, anyway back to the sun. Oil has recovered a bit by looks of things not that Genel ever recovers with it. I also note that oil dropped $6 on deescalation of Iran tension. Now it’s back on with a drone strike oil has risen $1.... same old same old, bs manipulated market- hedge funds will be lapping it up
It’s just a shame to be honest. 3 weeks worth of hard fought gains gone in 3 days. Same over and over again. All because oil drops $2. Yet if it gains back that $2 we don’t gain it back. Wish the company would get the gas bits going that way we have something other than oil to be manipulated. Anyway signing off, back next week
I’m supposed to be off and am this morning but to remark on Boyo comment on is this a good investment? Well no is the short answer as no matter what we can’t seem to get any return on our investment. Last 10 months says it all. However why sell when the underlying business seems to performing well and they are throwing off cash? Therein lies the dilemma and significant frustration as absolutely nothing makes the share price move north. It just tracks oil price and only downwards despite us doing very well even at $50 oil. If we could detach from oil price to a certain extent and were valued on assets, production, cash and progress I don’t see why we can’t be a fair bit higher than this. Sub 200 is a kick in the teeth for shareholders and we just need some meaningful news to get us going
Sorry hawkey if aimed at me. Ive been adding not selling, just observing that any strength gets sold into. I’m taking the week off. Agree with you this is crazy cheap hence frustrated that never moves up that’s all
I’m probably going to do what everybody else seems to be doing and trade portions of my holding. Shouldn’t have to but you simply cannot make money holding this share. Every rise sells off. Enjoy the week guys and keep the faith
Totally agree dodge but by god you need patience with this share. When you look around at other companies with sky high valuations and debt coming out their ears and we can’t even rise in any situation. Seems a pipe dream 300p hard to believe Genel was at that price a year ago when things were nowhere near as good as they are now
And back into the 1’s we go. Shouldn’t be surprised with Genel, will teach me for being optimistic lol. Trying to invest in a share that does not respond to all the right triggers, buy backs, oil price increase, cash increase, production increase, director purchases etc. This isn’t even a market anymore when oil drops 25 cents and this will fall 5%
Genel and gkp just keep receiving huge chunks of cash monthly and as each month goes by the share price seems to almost go backwards. They have expenditure but neither should be struggling like this at the current ridiculous prices.
I don’t want to get excited over nothing and I probably am, but I’m sure billy will want to make an entrance and bring us shareholders some news. Most of us left are believers just need a few bits of the puzzle to come together. Come on billy boy!!!!