Global Energy Development Share Discussion Threads

[cyprussteve] 16/4/2014 08:45

Updated brokers targets - make of them what you will !!

16-Apr-14 Northland Capital Partners Buy 196.00 196.00 Reiteration
16-Apr-14 Nplus1 Brewin Buy 196.00 196.00 Reiteration
28-Mar-14 Northland Capital Partners Buy 196.00 196.00 Reiteration
30-Jan-14 Northland Capital Partners Buy 186.00 186.00 Reiteration
16-Oct-13 Northland Capital Partners Buy 186.00 186.00 Reiteration
19-Sep-13 Northland Capital Partners Buy 186.00 186.00 Reiteration
01-Jul-13 Northland Capital Partners Buy 186.00 186.00 Reiteration
26-Apr-13 Northland Capital Partners Buy 186.00 186.00 Reiteration
12-Apr-13 Northland Capital Partners Buy 214.00 186.00 Reiteration
27-Mar-13 Northland Capital Partners Buy 214.00 186.00 Reiteration
12-Mar-13 Northland Capital Partners Buy 214.00 214.00 Reiteration
12-Mar-13 Westhouse Securities Buy 279.00 279.00 Reiteration

[hyperboreus] 15/4/2014 19:24

This announcement may have been overlooked by some followers of GED as it was issued at 15:52hrs which is unusual for GED at any rate.



As ever with GED the 'expected' rig mobilisation date is to be much later than the 'six weeks' indication in the statement dated 10 March, however one positive from this announcement at least is the fact that they have started communicating to some degree again with UK shareholders.

[cyprussteve] 15/4/2014 18:05

New Brokers note above - the target prices are interesting.
Ciao
Steve

[yorgi] 10/4/2014 12:54

Whether or not there is some "ballax" about I thought from what I have read that the sell off has been overdone and have taken the opportunity to buy some today.

Thanks for the IC article Paleje.

[jakecook] 09/4/2014 22:45

If/when they find oil instead of dirty water...

[dlku] 08/4/2014 18:54

If/when they find dirty water instead of oil you will drop a ballax

[loafingchard] 08/4/2014 16:25

Took a few today , I'm a sucker for ballax

[paleje] 08/4/2014 14:09

Well ic's other column today BZT is currently up 26% so clearly not everyone thinks they talk 'ballax', if you're sat on heavy paper losses you're going to be peed but to newcomers this might look interesting, clearly not at the moment though.

[dlku] 08/4/2014 13:02

nobody cares about the IC they talk ballax





if this one finds dirty water l then plug and abandonment like rio merde which came heretofore

[paleje] 08/4/2014 12:54

IC has reiterated Buy today inspite of results, not pasting the whole article just the conclusion:-

"....True, it's fine banding about some blue sky numbers but for investors' perception to change, and to finally kick start the share price into action, what is needed now is some upbeat news on the drilling front. So although I was unimpressed by the profit shortfall last year, given the hidden value in the shares, I am happy to give the company the benefit of the doubt ahead of results from the first well.

Please note that around 86 per cent of the company's issued share capital is controlled by the top nine shareholders, so Global Energy's shares can be volatile due to the low free float. I have also taken into account the fact that the shares are trading at support around 68p and are heavily oversold with the 14-day RSI below 30. They are also priced around 25 per cent below their 200-day moving average. In other words, given the low free float and the technical set-up, any positive news on the first well is likely to have quite a dramatic impact on Global Energy's share price. On a bid offer spread of 67.25p to 68.5p, I continue to rate Global Energy shares a buy."

[fuiseog] 07/4/2014 17:51

I'm out of the country and haven't been checking share price F*6$k, I'm in the red, after all these years, the idle barstewards.

[dlku] 07/4/2014 14:28

Reminds me of Ascent Oil, so expect more disappointment with sp

[purple11] 03/4/2014 09:54

looking for the 63p entry here gla

[philo124] 31/3/2014 10:22

Director sells? lol.

[pugugly] 31/3/2014 10:21

Mr market seems to have made up his mind. Stop losses ? or followers of ST have decided to cut their losses. While the core value looks impressive the history of achievements to date suggest current managment are incapable of realising value from the assets. Could be an interesting gamble if it falls sub 60p (imo etc)

[salpara111] 30/3/2014 17:07

I would bite their arm off to get shot of mine for 116p right now!

[philo124] 28/3/2014 14:57

799p, now that is a laugh.

[sportbilly1976] 28/3/2014 13:05

Equity Development comment on the results today:


Global Energy Development ('GED') petroleum production and development operations are concentrated in oil-rich Colombia, a country in which the management team has decades of experience in pursuing a long-term strategy of finding and developing reserves.


The farm-out of Bolivar is what the market has been waiting for. It lends concrete substance to the argument that the group has enormous potential from its undeveloped massive reserves of oil in Colombia. Furthermore, the end 2013 reserves report confirms continuing production and positive cash flow from the group's core business in Colombia's Llanos Basin.


The 2013 results announced today also confirm the continuing strengths of the core business in terms of cash flow and balance sheet, with net borrowings down to a very modest 11% of net equity assets.


We see a solid 'core' business valued at 116p per share, well above the current 76p level. Our 'potential' value is a hefty 799p per share, with Bolivar (discounted for risk) accounting for 524p of that.

[fillipe] 28/3/2014 11:01

I've taken some again just now.....I reckon that this mid-70p area is as cheap as it will get.

Picking some up GED at about this price and then sitting it out for an uptick has done well for me since the first lot in 2010 and then similarly on a good number of occasions since.

Much contrary to my nature I've learned with GED to be patient - both waiting for the buy time and then for an uptick.

Good luck all

f

[fuiseog] 28/3/2014 10:31

"...but you just cannot predict anything with GED"

They always seem to manage cash well but disappoint on the operations front.

However, sitting here at break even after this mornings 9+% fall, even with 3 paid for wells to be worked/poked in the year ahead it's difficult to have confidence in their strategy no matter how good it looks.

So I'm not disagreeing with you HP.

[hyperboreus] 28/3/2014 10:30

Don't take it to heart Philo, I see that that Northland have actually increased their target price this morning to 196p from 186p, are they having a laugh or what?

Last comment from me for the time being but it will be interesting to see what ST makes of the disappointing results.