Genel Energy Share Discussion Threads

[sbb1x] 04/12/2023 10:50

Still think 54p bottom

[last of the mohicans] 01/12/2023 16:56

Losses,

I wasn't sure it was going to hold up today played it very cautious bought back 10K early this morning 71.721p

They were looking for a premium at that time & were quoting over 72.2p for 10K until that 10K sell at 71.4p went through ahead of my trade.

So they were showing signs of a lack of stock, but I continue to think it might be part of the game.

I was wondering if they were going to crash the price late like yesterday & did try to sell the 10K again at 73p near 4pm but even although that was the quote they wouldn't offer me more than 72.85p So I passed as they clearly weren't short of stock & as I'm 15K under holding wise as it is didn't want to be short of any more over the weekend. So just holding what I've got.

GLA

LOTM

[justiceforthemany] 01/12/2023 16:19

YET ANOTHER INCENTIVE FOR BAGHDAD TO REOPEN THE PIPELINE
According to officials, Turkey has lifted the force majeure invoked over technical issues and reopened the pipeline. It can therefore begin charging the Iraqi government for pipeline tariffs under the terms of the 2010 Amendment. Tariffs would total around US$25 million per month, creating a financial incentive for Baghdad to settle competing compensation claims with Turkey, resolve budget and revenue sharing issues with the Kurdistan Regional Government and restart oil exports.

APIKUR estimates the Federal Government of Iraq is incurring over US$1 million per day in financial penalties for not meeting its obligations under the ITP agreement.

[losses] 01/12/2023 15:15

Added a few in 71+ area today.. hoping for a move into the 80s next week

[siddiqur] 01/12/2023 13:25

Ut is a direct buy and sell between investors no middle man as in the market makers

[kris akabusi] 01/12/2023 11:07

So, does anyone know what that UT was all about? Share price seems unaffected.

[last of the mohicans] 30/11/2023 21:57

Shareho1der,

Yes.

So instead of seller to MM & then buyers purchasing from MM's (usually at a higher price) in the auctions (UT) it goes straight from seller to Buyer.

The key things to watch for in the 16:35 auctions, is the volume traded ( because you really need to double it compare it to the volume for the rest of the day or half the existing volume number to miss out the MM role in the process) & the price, was it completed inside the last known MM quotes, if yes to the buy side or the sell side ( this indicates if there were more buyers or more seller at the agreed matched price. Or if it occurred outside the last known MM quotes, then that means it was a lopsided auction & could hint at a lower or higher opening price the next day compared to the closing quotation.

Given the volume & price of the 3.6M auction (7.2M of volume if comparing to that of the rest of the day) at the lowest price of the day. We should expect to see a weak opening in the morning for Genel unless there is news that breaks overnight.

LOTM

[shareho1der] 30/11/2023 21:33

Does that mean the stock went straight from sellers to buyers?

[losses] 30/11/2023 20:21

Uncrossing Trade is a trade where buyers on the bid and sellers on the ask match together in a single trade, eg at the end of an auction period.

[shareho1der] 30/11/2023 19:51

Does that mean with UT, it is difficult to know if that 3.6m is a buy or sell?I am a novice here.

[mickinvest] 30/11/2023 18:11

Iraq cutting production by 211k bopd in Q1 2024.

[losses] 30/11/2023 17:15

Someone needs the cash for Xmas pressies lol. The lower it goes the harder the rise once the line is opened up.

[justiceforthemany] 30/11/2023 17:07

That was the UT actually.
Market cap is approaching value of net cash.

[last of the mohicans] 30/11/2023 16:53

Wow 3.6M in the auction at 72.0p that is not a good sign at all

LOTM

[shareho1der] 30/11/2023 16:42

3.6m dump at 72p. What is going on here?

[last of the mohicans] 30/11/2023 16:39

hmm you were right Losses very poor finish.

I managed to sell that 10K & 15K more at 74.14p & 74.05p when I saw the trap, probably should have reacted sooner.

Anyway still banked a profit on that 10K which will cover the losses on the 15K bought previously.

did try to buy the 15K back at 72.41p but order didn't get filled & lapsed

Getting really hard to judge all there tricks at the moment :(

Wow 6.4% under performance on the day to GKP OUCH !!!

GLA

LOTM

[shareho1der] 30/11/2023 16:33

I am sure this will go into the 50's by next week. More cash burn by a useless Company.

[losses] 30/11/2023 16:12

I'm not buying any at the moment as I have a feeling we could be creeping into 60s soon. We need to have 75p close to prevent that.

[last of the mohicans] 30/11/2023 14:42

Losses,

I guess you filled your boots this morning with the "free" cash on offer ?

Sadly I only had enough spare cash for a 10K purchase.

Anyone else top-up ?

GKP's outperforming us yet again .... by a mere 4.5% this time.

GLA

LOTM

[losses] 30/11/2023 14:37

Nice buy.. hopefully a close above 75 will take us back to 90 eventually.

[justiceforthemany] 30/11/2023 12:35

The directors got their buys all wrong again.

[doctortakeover] 30/11/2023 10:17

Looks like good news on way.I expect GOI to approve the cash to settle IOC overdue back payments at their meeting tomorrow.