Global Energy Development Share Discussion Threads

[wynmck] 18/12/2012 18:38

Goldman moved to Neutral but upped tgt price from 189 to 194p

[philo124] 18/12/2012 18:29

Downgraded to neutral, c184p target?

[adam] 18/12/2012 16:42

Also tipped by Goldman Sachs.

[philo124] 18/12/2012 16:37

Good Close.

[philo124] 17/12/2012 15:34

Nice move.

[2gekko] 17/12/2012 15:31

Good Afternoon chaps

It's been tipped by Simon Thompson of Investors Chronicle

His 3 month target,which he describes as conservative is 140p, the article no doubt will be in Fridays magazine

[philo124] 17/12/2012 13:56

Looked before lunch and thought the fizz had stopped. So nice suprise.

[biggest bill] 17/12/2012 13:56

Given the small size of almost every buy, it looks suspiciously as if a tipsheet might have tipped ged as a buy.

[biggest bill] 17/12/2012 13:24

Over 50 buys have been reported in the last 90 minutes; somebody definitely knows something.

[wooster4] 17/12/2012 13:04

that rise came from nowhere - news leaking i think!

[foreverhoping] 06/12/2012 17:23

lots of volume today...

[loafingchard] 06/12/2012 14:34

Another 25k buy this morning .....

[lowflow] 04/12/2012 12:16

GED CEO S. Voss has acquired another 12500 shares at 108p, reported today at 10.12.

I would think that Jefferies has a reasonable view about the interest from all potential buyers of the Bolivar field by now. GED CFO/IR Anna Williams said that Jefferies is estimating that the disposal or farm-out of the Bolivar field will be finalized in early Q1.

I think a disposal of the block is the more likely option.
The block has 37m barrel of 2P reserves, so GED only need to get $1,76/barrel for the 2P reserve to recover the whole market cap by divesting the Bolivar block. And in this scenario the buyer wouldn't pay anything for the unconventional potential. When Exxon farmed in to the block to the south of the Bolivar block they valued that block to app. $100m (based on the farm-in terms). Exxon did own the Bolivar block back in the 1980 so they know the geology.

Steve Voss, GED CEO seems to be betting the farm, but he also knows what Exxon and Shell was offering GED in the past 12 month to farm-in or acquire the Bolivar block.
We should also remember that GED has been one of the most disciplined AIM listed E&P companies when it comes to spending cash, they have never raised equity since the stock was listed in 2002. Steven Voss has been the reason for the spending discipline and I would think that he wouldn't buy as many shares as he has done the last 2 weeks with his own money unless he knew that this would work out well.

[philo124] 04/12/2012 07:42

Showed my 10 year old son the 1 year chart & asked him where he thought the
price was going to, then showed him the 3 year chart; he was pretty pleased
with himself as he had said 130p.

[foreverhoping] 03/12/2012 12:59

its just the 130p barrier. break that and we're flying

[geraldton1] 03/12/2012 12:42

GED was over 300p in 2005 (when it was less interesting) but now that Steve Voss has finally bought a decent amount of stock (and nobody knows this company better than he) I think you can safely assume he thinks its worth a lot more!

[philo124] 03/12/2012 12:32

Just looked at the three year chart; interesting times.

[wooster4] 03/12/2012 12:29

can't accuse him of his interests not being aligned!!! As i mentioned a few weeks ago, a little buying has a dramatic effect.

[philo124] 03/12/2012 12:28

Chart looks pretty good now.

[lowflow] 03/12/2012 10:02

CEO reported today to have acquired another 25000 shares. The CEO has over the last 1.5 week bought 188000 shares, increasing his position with 153%.

[philo124] 03/12/2012 09:38

Can't be many free shares left to Buy.

[wooster4] 30/11/2012 13:22

eric - i take confidence from the directors knowing more than anyone and that the fact that they have been buying in significant quantities.

[eric76] 30/11/2012 08:00

Seems they have a seller, explains the relative weakness yesterday but only 1.3m shares to go tops so perhaps not such an issue medium term?

[hashertu] 29/11/2012 22:08

Druinsky. Post 1724.
What has that post got to do with GED?
Shale oil and oil shale have very different properties.

[adam] 29/11/2012 16:38

weird share price reaction