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looks more like insiders trying to take it private... Oil company's including supermajors are all slashing budgets/CAPEX.

No Oil company can budget for M&A in this price environment, including DNO and GKP!!

... but at what price??

Longtermviews... to be honest i think QIA and hedge funds would have saved the company by now had they had the intention to do so... Not that they do not want to but cash alone would not save the company.
SXX needs funds + new managment + solid plan... and IIs understand that.
Funds are the easiest the raise but only with a solid plan...

I got no doubt 15lives

Guys, as much as i would love to see SXX doing it alone and recovering (especially at such cheap valuation) reality is that the company is priced to bankruptcy ... have never witnessed any company recovering from such low valuation simply as it has no leverage over any negiciations.
the problem with voting NO is that:
- there is no sound plan to take the company further (i.e. the company would be in an even tougher position to negotiaate with any 3rd partie for assistance)
- the current management/board does not beleive it can take the company further alone (SXX does not have necessary funding/time to even its management).
All i can say is that voting NO is an unprecedented gamble you really need big balls to go for it!!

Genuine Good luck to all on here!!

Dont forget margin calls on short positions!!!

when you're stuck between a rock and hard place, nothing else matters... best option is to delay as much possible hoping for a miracle to change your fortunes (at best), or use that time to build a strong case to blame everyone else for the bust (at worse)... that is what ARMC are doing
No point is closing the shorts anytime soon...

...once ARMC starts buying back shares to close its short position... they will have to buy back almost 1/5th of the outstanding shares!!! no wonder they're going mental...

look at TSLA SP meteoric rise mainly driven by massive short positions closing too.

Bring on 17th of March...

Kazakhstan oil contamination Olliesky

We now have lost:
- 1mbpd from Libya
- 50kbpd from Iraq
- 200-300 kbpd suspended from kazakhstan
- 200kbpd from Nigeria
and the market is worried to lose 260kpbd of demand from Corona??

This is non-sense...

whish that were fully reflected in the SP...

In a nutshell... there's not a major lack of new projects out there...

The world is very well supplied due to:
- Record Shale (+4.5mbbl/day added in the last 2-3 years)
- Giant fields coming only (Johan Sverdrup and Guayana)
- 4mbbl/day spare capacity from OPEC countries.
So Venezuela and Iran production drops have been more than offset.
$40bbl oil price did not last long enough create a major supply deficit or even to cancels a meaningful amount of project.
the only thing that would fundementally change supply fundementals would be decreasing US Shale oil production. till then we are stuck range-bound with potential downside in case of economic downturn.
Only savior of POO would be a full blown war... but then again could Genel and Kurdistan survive in such scenario?

thats the best thing that could happen to Iraq...

sorry Any armc employee***

To be fair I don’t think any ARMC would be stupid enough tonthink that his presence on Lse bb would bring fortunes to his company ....

Fair point Illaqueens... i still have doubts on the effectiveness of this exercise... especially in the context of "providing material reeturns to shareholders" moto...

im struggling to understand the point of this buy back...SP barely up, they wanna maintain it low andonce they comlpete the Buy back the price would easily drift back towards 1p...
Looking like such a waste of money!!
Can anyone give me a logical explantion on the Buyback only and not on potential potential projects bla bla...

Hawkey, since the recent peak of 224p in Begining of November GENL has gone down 21%... while POO has cone up 11% during that same time.
This decoupling mainly due to Iraq related problem from uncertainty, to payment delays and now attacks.
And all this despite Genel's great performance and class management.
The issue here is clearly not the company so your comments on projects, production and future potential are on point but all these are irrelevant to the SP as it is mainly driven by sentiment in the region and that sentiment is totally opposite to the stellar new coming out the company itself.
So do expect further downside regardless of POO.
As for POO... the market is very well supplied and with ample spare capacity (3.5mbbl). not even Abqaiq bombing were able to meaningfully affect prices. The only thing that could actually result in a meaningful spike in POO is the closure of the straight of Hormuz which carries 16-18mbbl/d... and that, for a long time period.
Supply fundementals have been very strong... and that has been demonstrated by the fact that no geo politcal event regardless of its magnitude has been able to shift these fundementals.
Also, do you reallythink that a Megalomaniac narcissit like Trump would settle for a tie? read his book The Art of the Deal... you will undetstand his way of thinking.

Hi guys,

I did mention the risk of Kurdistan being bombed couple of day ago but was branded as a party pooper :(
Do not expect any de-escalation any time soon... this is the start of something Yuge... even if the US does not immediately retaliate expect continued attacks on US bases by Iraqi proxies.
When was the last time a government offically attacked the US and proudly annouced it publically let alone threatening every US base in the Gulf and even Israel... Never!!

No one is safe in Iraq now especially not US puppets in Kurdistan.

Hawkey your awesome but c'mon mate !!

Lets just hope production is not disrupted and payments keep comin. GLA