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GED

Global Energy Development (#GED) announces RTO - now a US subsea oil vehicle owner

2017-01-16 00:30:21

Global Energy Development; tough times to come for AIM’s oilies

I am really surprised at the number of commentators and ordinary shareholders, who view the current valuation of oil stocks as a God-given buying opportunity. As I’ve written before, all the evidence suggests we are in the early phases of an aggressive global price war. Saudi Arabia (and for that read OPEC) appears determined to crush the US “fracking boom”, through a sustained campaign of price suppression. Times are almost certainly going to get a lot tougher before they improve. Any talk of farm-outs or a flurry of deal making seems greatly misplaced. This morning, Global Energy Development (GED) released an announcement, far more in keeping with the times.

By Ben Turney | Published 2015-01-08 06:28:03 |

Global Energy (#GED) - partner walks away from farm in deal in Bolivia given oil price slump

2015-01-08 00:29:56

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Recent Comments

KUSSSB7 Nov 2026

As a layman I have a much clearer picture, thankyou.Please repeat podcast following Anthropic IPO.

Podcast: Tom Winnifrith & Barry Downes - the Implosion of the AI bubble

BURIEDTREASURE7 Nov 2026

Barry says "if this trade unwinds it does completely crash the economy" as if there is a way to avoid it. By some measures the biggest bubble the world economy has ever seen cannot be kept inflated indefinitely, nor can it be made to deflate slowly and gently float down. Or at least that has never been seen with the biggest bubbles the world has ever seen previously. Interesting times ahead.

Podcast: Tom Winnifrith & Barry Downes - the Implosion of the AI bubble

MAYFAIRMAN7 Nov 2026

Please produce some data to back up your claim that the government by which you mean the Bank of England as the government has no control over the money supply, is printing money. What is increasing, is it M1, M2 or M3 and by how much? I strongly suspect that the inflation we are seeing today is input cost inflation, largely caused by the increase in energy costs as a result of the war started by the orange faced idiot and his puppet master Netanyahu. Energy costs are pervasive, influencing every aspect of the economy and your suggestion of reducing the taxes on energy is populist nonsense. Would you have the government borrowing even more money than it is now, or dare I say it, printing money?

Tom Winnifrith Bearcast: on inflation, on Barry Downes and on being a mega bear

PHIL55667 Nov 2026

Benefits increases of 3.9%. public sector pay increases of 3.3%. 4.1% increase in minimum wage.I have no idea where some inflation comes from?Though of course all these people have to choose between heating and eating.

Tom Winnifrith Bearcast: on inflation, on Barry Downes and on being a mega bear

MAYFAIRMAN6 Nov 2026

Money printing schmoney printing, what you say makes no logical sense. Inflation can have many causes and money printing is certainly one of them, but neither the Federal Reserve nor the Bank of England are printing money at the moment. If they were printing money they would not need to borrow money. Why would you borrow money at 5% if you can print it? Both countries are borrowing huge amounts, record amounts, ergo they are not printing noney. And you call your self an evonomist!

Tom Winnifrith Bearcast: on inflation, on Barry Downes and on being a mega bear

PIEROTLUNAIRE6 Nov 2026

Not exactly a share structure designed to maximise liquidity or discount to NAV!!!Contains some good companies including my fave Zegona which has been on an absolute tear for 18 months and is fated to be taken out by Telefonica at £25-30 per share versus £17.5 now.À far easier to do 2x, though, is CHRY at 66p with a 130p NAV and is in wind up mode. Basically it is a 10% stake in Starling Bank plus some other stuff. Starling is an IPO in 2-3 years time on the NYSE (and also holds a very valuable software co, Engine). So there shd be 2 years worth of growth plus the elimination of the illiquidity discount on top of current NAV.Waz Shakoor says he has weighed in heavily on this name, as have I.

Marwyn Value Investors – interims, “a number of different routes to further value creation” BUY