Johandesilva
08 Feb 2017
Re: brought "Smart move JohndeslivaHow much did AFREN set you back? "-----cr50% of my dealing account having moved my HUR holdings to average down AFR.cr90% of my SIPP (though I do have a main company share scheme)My current holding all in profit across a diverse sectors and all HUR pay a dividend: HUR, VOD, CPI, IBT, BHH, JPGI, ATTGenel here looks to be following its down trend but I remain possitive about Genel in the long run.
Clarence Beaks
07 Feb 2017
Re: brought PS : Johan, a wise move I'm su
Clarence Beaks
07 Feb 2017
Re: brought One other thing oily - how come you keep putting me down of late? Do you enjoy kicking people when they're down?We used to be iii friends.....
Clarence Beaks
07 Feb 2017
Re: brought True oily, true. Sadly XEL we discovered was run by lying useless c***s. HAWK is just useless in all forms (but amazingly still alive unlike XEL) and Genel thankfully I didnt have too many off despite a high buy price.Fear not, Ive taken a major step back lately on shares, probably needed it too. Why im not overly interested in oil shares much longer, though ithaca interests me a bit not that i have any.
Johandesilva
07 Feb 2017
Re: November's payment received I strongly considered getting in on this news as the share price is in a buy area on the chart.The rally in oil related stocks is for risk off companies only
Simbrad
21 Jun 2016
"Market Reaction: neutral. In line with last month, Genel received only a partial payment for May export at Taq Taq. Last month, the balance was received a few days later. Gross production at Taq Taq over the first two months of 2Q16 is a bit below our forecast for the full quarter." FirstEnergy Capital note out today, up on Research Tree
LuxInvest
16 Jun 2016
These KRG payments are a nightmare, even with deferred revenue contracts from majors like Glencore they dont seem to be able to pay the oil companies! Strange that it takes so long, because in the MNR monthly reports it states that an amount has been allocated to OCs. Also Genel shouts but until sofar doesnt deliver.....how about that Equity stake in mid/up- stream projects gas business. Although they stated that an equity partner is expected to be presented in 2016, they should run a little harder with this underperformance of the last year or so. In latest presentation it states that the field development contract is expected to be awarded in Q2. Also the Pre-FEED expected to be completed in H1.......so we have another 2 weeks! If it stays silent it doesnt give a picture of confidence! In my opinion, one of the only reasons the stock still holds without the prior mentioned arguments is the fact that this Turkish energy company bought a stake......we know how it goes in these countries....does this party know something we as regular amateurs dont know?
wolfofwallstreet
29 Feb 2016
who runs these companies 'the modern day conman'. However annoyed again at the incompetence, i have also topped up at these prices to average down at just over £1. Still profitable at these oil prices and they have a bit of cash why don't they buy Madagascar Oil market cap £7m and have billions of barrels of oil (apparently you can never be too sure) would soon bolster the reserves.
LuxInvest
29 Feb 2016
Market Cap has decreased to $290m, vs. $450-460m of cash on the balance sheet......they should do buybacks at these levels, as they are stating that they are currently producing cashflow break-even due to the new payment mechanism! Ow wait....with todays announcement it will be even more difficult to find funding for the gas project, so unfortunately buybacks and dividends are not to be expected!
LuxInvest
29 Feb 2016
There must be coming a rather good story during the results presentation, as every minor disappointment will be a reason for more holders to sell. I think it is also curious that this reservoir adjustment news is coming today, while coming thursday is the day that the results are supposed to be presented. Looking at the volumes, some big players are also buying around the current levels op 75-80p, what a coincidence that some big players are adding up at current levels, helped by the announcement today! What happens at that company and with this share is some nice food for UK lawyers......remember what happened with the reserve scandal at Shell, lawsuits followed for the next 10years!
LuxInvest
29 Feb 2016
wow somebody is selling this thing aggressively!
LuxInvest
29 Feb 2016
Hayward is a crook, he was also sailing with a big smile during the big BP oil spill. He was laughing during the call today as well, the arrogance is just unbelievable. Although I would find it quite funny as well if I would have sold 350k shares for well over 300p a piece!
LuxInvest
29 Feb 2016
The selling of Sepil and Hayward now makes sense.....what a bunch of crooks, unbelievable......comes in handy that CFO Ben is ex-JPM whom are continuing to rate Genel as overweight....unbelievable how hard all holders on the BB here are f.cked in the asssssssss
LuxInvest
29 Feb 2016
Bunch of crooks.......credibility is gone and this reserve adjustment unfortunately is a deathblow to the company. It will take years to restore credibility and create some value, no wonder there is a big seller on 90p that is pushing the share down! Its just unbelievable.......
LuxInvest
01 Feb 2016
So unfortunately I am getting less bullish everyday, I can now only hope!!! I hope that international support will re-emerge, maybe after the American elections after which the Americans will finally support the Kurds financially! Another hope due to rumors is that Sepil is forced to sell his holdings in Genel as he will be involved in the company that will run the gas Midco, but again we will have to wait and see what happens with the gas project if the POO stays lower for longer!!
