We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Genel Energy Plc | GENL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.80 | -2.65% | 66.00 | 11:01:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 67.10 | 66.00 | 67.50 | 67.80 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 06/2/2025 09:13 by shareho1der DNO Results Reflect Robust Kurdistan Productionhttps://ww |
Posted at 05/2/2025 08:57 by totalgeek69 You obviously didn't attend the investor meeting. Good luck with your investments. |
Posted at 05/2/2025 08:53 by maxplus2 Let's see - I doubt they will give a dividend. This rise on Monday appears to be a dummy rise - more investors are sucked in. Management are doing nothing. |
Posted at 04/2/2025 11:08 by totalgeek69 I attended the investor meeting today. Questions were asked about the dividend and the reply was that it will be reviewed in March based on the conditions reopening of the pipeline. |
Posted at 03/2/2025 10:16 by justiceforthemany Investor call tomorrow. |
Posted at 02/2/2025 12:39 by totalgeek69 Budget Amendment has been approved.. Congrats to all Kurdistan Oil investors... GKP, DNO, GENL and Shamaran.. |
Posted at 04/12/2024 12:19 by justiceforthemany +442076595100CFO/Investor Relations Give them a verbal volley if you prefer. |
Posted at 02/12/2024 22:53 by sporazene2 I didnt need any reminder of how utterly incompetent GENL Mgt and BoD have been over the years but this frames it. Not only were they negligent in managing the gas assets despite the tripe they fed investors but they compounded that by throwing good money after bad with this counterclaim, extremely questionable judgement. The latter likely to cost investors IRO $50m. this whilst drawing huge salaries, including massive bonuses. Absolutely stealing a living. I think it's time they were put out of their misery. |
Posted at 12/11/2024 16:51 by plasybryn S P Angel Brokers today:Genel Energy (GENL LN) 80p, Market Cap £224m: Stable operations Genel announced average 3Q24 production up 5% q/q to 21kb/d from the Tawke field (25% WI), which continues to deliver steady production to meet domestic market demand and generate positive cash flow Following the $75m bond buyback, the Company now has $191m cash and $66m debt maturing in 4Q25, resulting in net cash of $125m and a reduction in ongoing interest payments. Genel retains an overdue receivables balance of $107m owed by the KRG and expects any resolution to include the offsetting balances owed by the Company, which at the end of October amounted to ~$50m. The timing of the award from the London-seated Miran and Bina Bawi oil and gas assets arbitration is not certain but is expected before the end of this year. A steady operational update from Genel that has generated $20m free cash flow so far this year, with the Company anticipating maintaining a net cash position of $125m through to YE24. Genel’s flagship Tawke field continues to drive robust cash flow generation from gross production levels of 80kb/d and opex costs of $2/bbl, where a restart to exports could more than double free cash flow levels to $100m net per annum. To this end, lobbying continues to break the current political impasse so that international exports of Kurdistan oil can resume in a manner that properly rewards IOCs that have chosen to invest in Kurdistan. For investors, upside could still potentially come from any of four potential catalysts in the near-term: reopening the export pipeline, recovery of the receivables, value accretive M&A and success in the arbitration against the KRG. |
Posted at 12/11/2024 13:18 by sporazene2 i didnt watch the investor meet presentation the most recent have been dull and uninspiring. I think they have been saying for quite while they are looking for acquisitions. I hope its not the same people that spent all that money on sarta as they clearly have competence issues. Indeed for them to be looking for so long at acquisitions in a capital starved sector and not deliver anything is a pretty glaring demonstration of incompetence in itself.I think the arbitration effort is pretty much lose lose for GENL, we will never get paid by the KRG if we win, they are skint. Given we now have substantial net cash and look to be cashflow positive why are they not using some of the free cash to buy back some stock? |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
