Share Name Share Symbol Market Type Share ISIN Share Description
Genel Energy LSE:GENL London Ordinary Share JE00B55Q3P39 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -0.32% 78.50p 77.75p 78.75p 80.25p 76.25p 80.00p 883,423.00 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 343.9 -1,160.6 -417.3 - 218.53

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DateSubject
03/12/2016
08:20
Genel Energy Daily Update: Genel Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker GENL. The last closing price for Genel Energy was 78.75p.
Genel Energy has a 4 week average price of 73.78p and a 12 week average price of 86.60p.
The 1 year high share price is 252.50p while the 1 year low share price is currently 67.25p.
There are currently 278,382,478 shares in issue and the average daily traded volume is 1,761,642 shares. The market capitalisation of Genel Energy is £218,530,245.23.
08/11/2016
05:25
deanroberthunt: The turning point? Genel Energy (LSE: GENL) investors clearly hope so, but they’ll be disappointed to see their shares dropping 11% this morning after the company released its latest trading and operations news. The market is clearly unimpressed by an outlook update that now puts 2016 production “at the lower end of the previously communicated 53-60,000 bopd guidance range,” and the shares have tumbled to 83p. But I think that’s overdone, and we could be looking at a turnaround bargain here. Capital expenditure should now be lower too, and the resulting expectation of 2016 revenue “at the lower end of … $200-230 million” still seems like very good progress to me. And the firm’s Taq Taq and Tawke wells have managed net production in the third quarter of 53,100 bopd — down 8% on the previous quarter, but looking good for the longer term. Genel has received total cash of $163m so far in 2016, and had cash of $405m on its books at 30 September, with net debt of $241m — and there’s a further $437m owed by the Kurdistan Regional Government. To me, that looks like a reasonably healthy financial position, and Genel should comfortably be able to see it through to the profits that are expected to lie ahead. Forecasts before today suggested a loss per share of 7.7p this year, but there’s positive EPS of 4.8p pencilled-in for 2017’s turnaround year. A combination of profit next year plus any further oil price recovery, and that could provide the trigger for an upwards share price rerating. With the shares down 72% in just under a year, I see Genel as a turnaround bargain now.
02/11/2016
20:10
oilandgas1: This is near the bottom.. shorters beware! 1. Another payment in the bag and only sep16 in arrears for this 2016 2. Gas news due. Through the Miran and Bina Bawi gas fields, Genel is set to be a cornerstone provider of gas to Turkey under the KRI-Turkey Gas Sales Agreement. The Peshkabir-2 appraisal well on the Tawke licence commenced drilling in early October and is expected to take around three months to complete. 3. OPEC deal coming by 30nov most likely. 4. Production being ramped up in Q4. 5. Only one months payment behind in 2016! KRG payments Oct: due to be invoiced Sep: no payment yet (~410m due) maybe between 07 - 25nov? Aug: 22.18m split12.2$ (26oct) & $31.33 split pro rata (2nov) Jul: 23.37m split 12.85$ (paid on 28sep) Jun: 30m & 24.91 split 13.7m (8aug & 27jul) May: 24.28 split & 15m split (23jun ) Apr: 16m split & 11m split Mar: 20.1m split Feb: 6.9+1.4$ Jan: 9+1.8m Key facts 1. Oil production $2 per barrel 2. Production Forecast 2016 72kbpd actual so far is on average 56kbopd. 3. KRG payment owed worth 75p to 125p per GENL share - (fact share price will increase and speculation as to how much) 3. The GENL balance sheet is worth £2.5bn or nearly 1,000p per share. 4. IMF Loan of 5.4$ Billion to Iraq to pay all Iraqi Oil companies  5. 10% owned by Major Turkish Energy comp who buy most of the oil 6. Kurdistan Kirkirk pipeline production doubles in 1 week  7. Over 400$ million dollars in the Bank 
02/11/2016
14:22
cyan: http://uk.advfn.com/stock-market/london/genel-energy-GENL/share-news/Genel-Energy-PLC-Trading-and-operations-update/72748336 "- Unrestricted cash balances at 30 September 2016 stood at $405 million ($407 million at 30 June 2016). Net debt at 30 September 2016 stood at $241 million ($237 million at 30 June 2016)" Market value today $266.78 million USD Suggests GENL share price is VERY cheap imo. Brent $47.22
24/10/2016
15:42
pogue: So now perhaps you see why investors are a bit nervy about GENL? Too many ways not to get your cash the share price reflects the uncertainty. Take an extreme example what if they decide sod it all and Nationalise all the oil fields? Won’t be the first country there to do this. Highly volatile area hence low share price. It will bounce around until more certainty is forthcoming which I suggest that is not realistic in the short term. Rising oil price is good but does not tip the scales that far as to make it a safe bet. Trade the dips is the way forward just now.
19/10/2016
06:44
money4me: everything is going up apart from the GENL share price
12/10/2016
19:48
deccer1: So todays announcement of the newly completed wells confirms they are now able to ramp up production at Tawke to 135,000 bopd. That compares to Tawke production of 117,992 bobd announced for July (announced 3/10/2016) thus giving a 14.4% production increase compared to July (and even more compared to June at 114,384 bopd). Combine the production increases (above) with the increases in oil price I mentioned earlier today (below) and it looks very positive. Share price target £4. deccer1 12 Oct '16 - 08:33 - 10139 of 10148 2 0 Edit "our producing oil assets in the Kurdistan Region of Iraq benefiting from production costs forecast at less than $2/bbl in 2016." (Genl, 3/3/2016) "The Taq Taq and Tawke entitlement achieves breakeven at a Brent oil price around $20 a barrel, and promises to be significantly cash generative as the external environment improves." (Genl, 3/3/2016) So when Brent Crude was $40/barrel in H1 2016, they were net cash generative above breakeven to the sum of around $20/bbl ($40 - $20 = $20). With Brent rising to $45 in H2 2016, they were $25/barrel net cash generative above breakeven and with Brent now $52/barrel they are $32/barrel net cash generative; which is a 60% increase in net cash per barrel (after all costs, etc.) in Autumn 2016 compared to H1 2016.
12/8/2016
14:50
golfhelicopter12345: @GRSL That post is a month old now. GENL owed $400m GKP owed less than $100m Would make a huge difference to the GENL share price were it to happen (my estimate + 75p) but I just can't see it, sadly.
24/4/2016
12:47
kulvinder: May 2015, the oil price was approx. $68, and the GENL share price was around £6, I think that says it all - we could see an uplift to around £4 if the price of oil sustains the upward trend to around $60pb by end of the year, this is still lagging behind the improvement in share price as regards ENQ, TLW, PMO to name a few.....surely we get our turn soon....or is that just wishful thinking on my part?
20/12/2015
20:54
karateboy: Any favourable M&A , Genl share price will improve significantly. On the other hand any further down turn in POO, all oil companies will suffer. POO has to recover sooner or later. Below $50 per barrell is not sustainable.it is all about forcing countries such as Saudi Arabia who had build massive foreign currency reserves to start spending it. This will help western countries recovery. We in the West need those reserves back in circulations. Low oil price helping that.
07/12/2015
13:04
kev0856153: kMann, Yes GENL share price has dropped much more than its peers the last few days so clarification on these payments is urgently required.
Genel Energy share price data is direct from the London Stock Exchange
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