Genel Energy Share Discussion Threads

[losses] 25/2/2021 19:19

Been chilling for 2 years lol

[cos1959] 25/2/2021 19:01

a bit slow but just need to chill it will happen

[chopsy] 25/2/2021 14:31

We will catch up, hopefully. We are in an uptrend. We are awaiting the gas deal news for Bina Bawi. That could add a pound to the shareprice in a flash. But we remain unloved, not least by nicsig who doesn't update the oil charts any more. And by Hawkey2 who no longer updates and pastes his "reasons to be cheerful". Well the unloved shares are sometimes the best so here's to hoping.

[phillis] 25/2/2021 14:04

Brent at $70

[losses] 25/2/2021 10:36

What on Earth is going on?All oilers rocketing apart from this!

[phillis] 23/2/2021 13:30

wonder how much back $ with the next payment due

[milliecusto] 18/2/2021 19:27

Barzani’s advisor: they agree with Baghdad regarding the region’s oil and Sesta's destinations02/18/2021 11:01:36The advisor to the President of the Kurdistan Democratic Party, Massoud Barzani, announced that the Kurdistan region agrees with the federal government regarding the region's share in the fiscal budget for 2021 and the oil file therein.Masoud Haider said, in a press statement, that "there is already a consensus formula between the regional government and the federal government, which stipulates the region’s commitment to deliver 250 thousand barrels of oil per day, in addition to 50 percent of the border crossings imports, and it is assumed that this agreement formula is final.The fact that the federal government has included it in the draft budget law that falls within its responsibilities and constitutional jurisdiction. And that "some parties have covered this issue, and brought it into the framework of political negotiation, and the regional government, in turn, showed flexibility in this matter, and communicated with most of the political blocs in the hope of reaching a formula of agreement that satisfies both parties, and an opportunity to bring views together to resolve the remaining issues between the region and Baghdad, includingðŸ¦?>>> THE ENACTMENT OF THE OIL AND GAS LAW

[cyan] 18/2/2021 18:25

I think the spark will come when the KRG agrees acceptable terms to develop Bina Bawi which has 37 million barrels of oil and an absolutely huge 8.2 Tcf of gas. This development has been in negotiation for a long time. These remarks were published last year in an RNS dated 3.11.20; " Bina Bawi (100% working interest and operator) · Genel continues to seek a response from the KRG to our proposal submitted in August 2020, which would enable the Company to progress the next stage of activity at Bina Bawi · Our proposal highlights the need to engage regional gas buyers on volume and price discovery and to improve project definition by undertaking the detailed front-end engineering of both the upstream and midstream processing facilities · Until a satisfactory response is received, Genel will maintain capex discipline, and will only commence investment upon certainty of alignment with the KRG and a clear path to monetisation " The gas volume is very impressive indeed. There have been problems progressing the gas assets ; so much so that GENL wrote down the Miran asset. That area contains another extraordinary amount of gas; 6.6 Tcf . It also contains circa 93 million barrels oil and condensate. One hopes that these assets will be progressed as the value is potentially transformational for Genel. A development agreement regarding Bina Bawi should significantly lift the sp, imo. If and when....

[milliecusto] 18/2/2021 18:13

It's will adjust to a higher sp, just needs that spark that creates some attention

[cyan] 18/2/2021 13:42

The current strength in POO is most welcome and will help all volume producers especially GENL who have some of the lowest costs. This article suggests we may be heading into a significantly higher price environment; at least for a few years; https://www.telegraph.co.uk/business/2021/02/17/peak-oil-demand-coming-first-brace-almighty-supply-crunch/ The real potential upside in Genels fortunes still remains the gigantic gas assets. We have been waiting a long time for that to flow in volume.

[the count of monte_cristo] 18/2/2021 11:08

Saget - like GKP?

[geckotheglorious] 17/2/2021 16:16

Wasn't there some guy called Nicebut that posted prolifically here... but has disappeared. Might explain the lack of traffic.

[saget] 17/2/2021 15:02

Maybe it is because we have all found slightly more interesting shares to also invest in...

[losses] 15/2/2021 21:23

Can't believe oil 63 and we are still stuck in the 150-60s

[chopsy] 15/2/2021 15:47

Me too, thx.

[workrider] 15/2/2021 15:26

Chopsey that guy you was asking about was named HAWKEY 47 he gave us all hope to stay with Genel i don't what happened to him but i wish him well

[chopsy] 11/2/2021 13:59

The low-production cost per barrel of USD2.8/bbl in 2020 helped deliver asset level cash generation of USD74 million in the year.

[chopsy] 11/2/2021 13:56

Obviously not back up to 2019 levels owing to oil price impact.

[chopsy] 11/2/2021 13:55

2020 results in 5 weeks time.

[chopsy] 11/2/2021 13:50

Well the price goes up and down, but we seem to be in an uptrend since last April, which is good. We wait for transformational news, which could come at any time (e.g. Bina Bawi gas commercialisation deal). Corporate action could ensue, farmin, farmout, Horn of Africa, Morocco. Who was it on this BB who used to post "reasons to be cheerful", that was good, highlighting the fundamental plus points, the latest of which is strengthening oil price? Dividends get paid, cash position builds, net debt reduces. Life goes on. Cash cow comes to mind.

[cos1959] 11/2/2021 11:33

what's going on here?

[sbb1x] 11/2/2021 11:20

I can't get a live quote

[sbb1x] 10/2/2021 15:40

Lovely draw oil draw#GKP#PFC#EIA Report#Crude: -6,644#Cushing: -0,658#Distillate: -1,731#Gasoline: 4,259#Production: 100#brent #OOTT #Oil#oott

[losses] 08/2/2021 19:53

Very surprise we are still in the 160s! Definitely lagging with the market