Global Energy Development Share Discussion Threads

[dugganjoe] 14/6/2011 10:51

Managed to buy on the bid!

[lw425] 13/6/2011 21:47

cb

last year on about half the output they made a small loss.

problems though include trucking the oil due to pipeline constraints, escalating industry costs etc: they might make maybe 4m sterling profit on the current output. they've made that sort of money before and the share price never really made it above 125p, even in 2008.

i believe they also pay the government royalties, on top of the tax. i think gross profit is currently around 27%, partly due to the trucking costs, then knock off admin ect:

i've been pondering the valuation problem. i consider the issue is that the core reserves have not been drilled yet. they are not even close. next year but targets seem to have slipped before so who knows. given the fact that they ain't found any oil in that core area yet, i reckon that's the reason for the current price. then add on the political risk in the eyes of mr market

they have loans and what profit they make will no doubt be invested on the next two drills which again are not in the core area. thinking ahead then, if the next two drills are successful and they announce say 3200 barrels in say 8 months time it might not make any difference to the price, the reason is all this oil is coming from the non core area. only when they hit oil in the core area perhaps will mr market cut the valuation more slack. just a few thoughts.

so that's why the price is what it is perhaps?

[cyberbub] 13/6/2011 21:02

So if they have 100% of 2000 BEOPD, would it be fair to say in a very broad sense:

2000 x 320 days x $40 profit / 1.6 exchange rate - 30% tax x P.E. 10 / 36M shares = over 300p per share??

Is there something else holding this back to 75p? Large admin expenses? Is it the perceived political risk of operating in Colombia? Poor management? Is it the heavy API of the oil?

[nils214] 13/6/2011 14:32

very strange, just tried a dummy sell for 10,000 shares and was quoted 66p!! But when I tried only 1000 they wouldn't quote...I think the mm's are trying to steal some shares!! fkng 66p, they're avin a larf!!

[ohisay] 13/6/2011 13:50

Political dvpts rather overshadowed by the good news on output last week.Worth keeping an eye on for those peruvian assets



Investors in Peru's mining sector will not have welcomed Monday's news that Ollanta Humala has won the country's Presidential run-off, with slightly more than 51 per cent of the vote. Peru's stock market fell nine per cent before trading was halted, with mining shares down 15 per cent. Buenaventura, a Peruvian gold and silver mine operator backed heavily by Blackrock, fell as much as twelve per cent in New York, whilst Hochschild Mining fell eight per cent in London.

The aggressive response from investors signals comes on the back of fears that Ollanta Humala remains loyal to his former political ally, Hugo Chavez. Humala has in the past supported sweeping nationalisation, with a particularly threatening focus on the gas industry and on the broader resources sector.

[nils214] 13/6/2011 12:55

anybody thinking of selling please do so now as I have put a buy order in with a 76p limit ;-) If u sell 'em to the mm's at 75 hopefully they will fill my trade.

[loafingchard] 13/6/2011 11:53

Nice buying op . Fib retrace level reached .

[wooster4] 13/6/2011 10:57

nils - don't react to duggan - he posted exactly the same last week!! 2200 bopd irrespective of whether next is duster!!

[nils214] 13/6/2011 10:46

this year...

[teacup2] 13/6/2011 10:42

Anyone know when they are drilling T4?

Notice they said they would drill T4+T5 'through partnering efforts or internal development'. Are they considering farming out here then?

[dugganjoe] 13/6/2011 10:24

Winterflood only bidding 73p

[dugganjoe] 13/6/2011 09:07

its falling now

[nils214] 13/6/2011 08:00

dugganjoe...so one duster will wipe out the revenue from T2 &3? 2200bopd will be totally ignored and the share price will crash as a result? Can you provide some back up to your argument as I would really like to hear it, or is this just a throwaway -ve dermapers comment? I suspect the latter...

[teacup2] 13/6/2011 07:14

I make the Peruvian asset as valued by Gran Tierra around $28m alone.

[dugganjoe] 12/6/2011 23:28

I hope the well being drilled doesnt end up being a duster because this could see an almighty crash , could go either way

[lw425] 12/6/2011 22:08

yes 100% - all of it.

means revenue doubled. will be making serious monthly cash now. crazy market reaction.

[cyberbub] 12/6/2011 21:53

Just looking in here - is the 2,200 BOPD 100% to GED?

[teacup2] 10/6/2011 20:23

I think a lot of the buyers at over a £1 have probably been shaken out over the last few days. Doesn't get away from the fact that 2200 bopd, in what i believe is a relatively low tax environment, means a lot of cash is going to be generated from here on in. With oil prices staying around the $100/bbl mark i think the company should be largely self-funding to achieve it's loftier ambitions. Might see a bit of bridging in the short term though.

Colombia in general is looking a better place to invest just now. Politically, it looks like the investor friendly regime currently in place is going to win the elections and Farc appears to be a diminishing force. All good for GED.

[nils214] 10/6/2011 12:58

at 72p if we ever achieve full value with the share price you are looking at a 20 bagger assuming we are not taken out earlier at around 10 quid a share. No ramp, just facts!!

[milliecusto] 10/6/2011 11:49

its a buy ay 72p..no more....don't listen to the rampers who got caught on the last spike....

[glasswala] 10/6/2011 10:57

This is being manipulated to fill an order. Don't let the MMs rob you. Check your Stop losses as this will rise back up by the end of the day. The MMs are desperate for stocks so let them pay the full price.

[nilip] 10/6/2011 10:53

Have the hedge funds got hold of this one by the goolies and they're shorting it to the hilt or what ?