Genel Energy Share Discussion Threads

[olieslim] 24/1/2017 10:37

sp = bilgin territory

Expecting a farmin. And they know it.

GL

[cool hand kev] 24/1/2017 10:23

Are we nearly there yet?

[mr roper] 24/1/2017 10:23

"material impairment"..what happened the last time they said that..?

[jotoha2] 24/1/2017 10:20

The Krg have confirmed that payments will continue , giving us confidence to plan production for 2017 , that is all we needed to hear, in for another 100k , reminds me of Charter from lows of 30p to £12 per share , boom boom.

[tsmith2] 24/1/2017 09:44

Retest lows?

[francoismyname] 24/1/2017 09:42

Gold taps and Gold Bath just purchased.

Looking to buy a Lamborghini on the next leg down.

[1959cos] 24/1/2017 09:32

news not gone down to well.

[mr roper] 24/1/2017 09:31

where do you think it's going, Ozz? 50p? 100p?

[ozzmosiz] 24/1/2017 09:26

MrR, we get it, you don't like GENL

[mr roper] 24/1/2017 09:21

looks toppy.

[ozzmosiz] 24/1/2017 09:19

market cap almost under £200m

[mr roper] 24/1/2017 09:19

Company production guidance for 2017 is set at 35-43,000 bopd

how do those numbers look at 35kbopd?

Genel have always underperformed/hit the lower end of their own projections.

[upwego] 24/1/2017 09:12

Another £50 Per point added

thats me done now £250 Riding

[oilandgas1] 24/1/2017 08:56

That should have said

Production down but revenue stable

2016: 56kbopd average
(30*28+ 26*35) = 1.750m per day
2017: 43kbopd
(28*38+12*50) = 1.814m per day

These figures are based on Platts Dated Brent less a $5/bbl discount for Taq Taq and $12/bbl for Tawke, with $4/bbl of these discounts reflecting handling and transportation costs.

[gregpeck7] 24/1/2017 08:49

Agree, bit of a flush going on probably flushing out some credit traders then this will move up.. I thought it was a solid update... the share price is close to bits record low it's not like it's trading at an all time high here!!

[utrecht_00] 24/1/2017 08:44

this was always going to drop regardless of the rns, but there is a lot to be positive about in it, cash at bank actually gone up year on year, costs under control, oil price up and if regular payments are made then the bonds due in 2 years are not an issue. TAQ taq will keep on steadily declining but thats well baked in. Its been a tough 3 years or so but things finally look to be stabilising.

[deanroberthunt] 24/1/2017 08:41

another $1bn impairment cometh

[1959cos] 24/1/2017 08:40

dean didn't know you had eyes for the pope.

[deanroberthunt] 24/1/2017 08:38

more chance of NY Boy calling something right :)

[deanroberthunt] 24/1/2017 08:37

more chance of Jimmy White winning the Snooker 2017 World Championship

[deanroberthunt] 24/1/2017 08:36

more chance of shagging the pope than getting their monies owed back here...