Genel Energy - Re: GENL Stream Log - Market Cap has decreased to...

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Re: GENL Stream Log
15:44 29/02/2016
LuxInvest
0 replies 0 0

Market Cap has decreased to $290m, vs. $450-460m of cash on the balance sheet......they should do buybacks at these levels, as they are stating that they are currently producing cashflow break-even due to the new payment mechanism! Ow wait....with todays announcement it will be even more difficult to find funding for the gas project, so unfortunately buybacks and dividends are not to be expected!

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