Genel Energy Share Discussion Threads

[gregpeck7] 12/6/2021 19:02

I like both. QD will be huge.

[nobull] 12/6/2021 10:04

Ammu12 "Genel used to be above gkp lol... Crazy undervalued" Not necessarily undervalued. GKP blew a lot of cash on buying in, in hindsight, overvalued GKP shares. This on its own increased the levels to which GKP shares had to fall as the oil price crash changed GKP's eps forecasts to lps forecasts, and the loss of cash off GKP's balance sheet shortened the time the company could survive a period of prolonged low oil prices: all that contributed to GKP's underperformance compared to Genel, I wonder? The effect may now be about to reverse as GKP's envisaged production volume increases lift the share price above the price paid for the shares bought in, assuming GKP is successful increasing production by 11,000 bopd. Genel is blowing nearly a quarter of its book value on exploration that should increase its resources; GKP is blowing a smaller amount on lifting production. As someone with a GKP interest, I think increased cash flow from production increases is to be preferred to resource increases; the latter take longer to feed through in increased cash flow. Of course if Genel stumbles on a monster discovery e.g. at Qara Dagh, sure it will outperform GKP. Genel maybe will be grossly undervalued with hindsight, but for now until the drilling results come through it maybe isn't undervalued compared with GKP, I wonder? JMV. I don't own Genel but I follow it with interest. P.S. Does anyone know why the Finnish CFO resigned from the Board? P.P.S. A further factor in GKP's underperformance was probably that it passed its dividend, and Genel didn't; GKP's dividend is now bigger than Genel's, so that may also be a factor.

[gregpeck7] 11/6/2021 11:46

Feed across to here. Both plays are a bargain.

[ammu12] 11/6/2021 10:11

How much cash does genel gas compare to gkp ?

[saget] 11/6/2021 09:27

Um, GKP is rising on good production news… No good news, means no share price rise… Guess which category Genel, unfortunately, falls into.

[geckotheglorious] 11/6/2021 09:22

Ammu Genel is STILL ABOVE GKP. Genel Market Cap £424m hTTps://www.bloomberg.com/quote/GENL:LN GKP Market Cap £380m hTTps://www.bloomberg.com/quote/GKP:LN GKP operations update quite bullish,hence move upwards this morning.

[ammu12] 11/6/2021 08:42

Genel used to be above gkp lol...Crazy undervalued

[gregpeck7] 11/6/2021 08:28

Gkp breaking out. Genl will follow.

[soho2] 10/6/2021 10:23

Yes I guess.... would be good to hear about money owed to us too...

[gregpeck7] 10/6/2021 10:22

Maybe have to wait till today for 160. Should be heading to 300 for me, so this is like a 2 for 1 sale!

[ammu12] 10/6/2021 10:04

Looking good here..

[losses] 09/6/2021 13:20

Oil looking better 72+

[gregpeck7] 09/6/2021 09:00

Revving to 160 today folks

[gregpeck7] 04/6/2021 14:05

Oil heading for 72 we know the Kurds have form but I'm comfortable with the genel balance sheet being able to deal with the fun and games. Ultimately chevron are now a partner which will help and it's in all parties interests to ramp production.

[d1nga] 04/6/2021 13:23

Its the payment issue, everyone too frightened for the chance of KRG doing the usual tactics of non or delayed or reduced payments plus looking likely they will never sort the gss prospects out, must admit that they are cheap barring all those concerns 🤣😂🤣 I currently hold

[cyan] 04/6/2021 13:17

Have to agree; Genel has been chronically undervalued for years. Don't laugh; but a few years back UKOG overtook Genl in market cap; very briefly I should add

[gregpeck7] 04/6/2021 12:56

Thanks losses. I am expecting 200 to 250 pre QD result and then over 300 if it comes in as I expect. I think we could be looking at the largest field in the KRG. That's not in the price. Tullow is trading at a market cap of 3 billion when you include debt. 400m here. This should be able to double easily in the current environment.

[losses] 04/6/2021 12:51

Cracking timing Fir your share purchase here!

[gregpeck7] 04/6/2021 12:40

It's a cracking shot.

[cyan] 04/6/2021 11:52

Good morning gregpeck7 I repost that photo you linked to on LSE bb, here; hTTps://twitter.com/01l_m8nd8r1n/status/1400727330658656257/photo/1 We have a healthy 40% interest in this

[gregpeck7] 03/6/2021 16:37

Genel's high-potential drilling campaign has now begun, with the QD-2 well having spud on 19 April 2021. This well is set to appraise the crest of a 50 km long structure at Qara Dagh, around 10 km from the location of the QD-1 well, which flowed light oil in 2011, despite being drilled down dip and in a sub-optimal manner in an era predating Genel and Chevron's much evolved understanding of the subsurface situation and required drilling strategy. Results from the QD-2 well are anticipated in late Q3 2021. As we step up our work at the field, we are further ramping up our social investment programme, working with local companies to deliver projects that respond to the requirements of local communities. That's been drilling ahead for almost 2 months soon....

[cyan] 03/6/2021 16:28

We want another drill like this; hTTps://uk.advfn.com/stock-market/london/genel-energy-GENL/share-news/Genel-Energy-PLC-Update-on-Tawke-PSC/76264689 "A total of 11 zones in a 1.2 kilometre horizontal section of Cretaceous and Jurassic reservoir in the Peshkabir-3 well were individually tested and flowed successfully, of which ten were oil zones and one a gas zone. The oil zones tested an average of 5,340 bopd per zone on a 64/64" choke, with the highest individual test rate of 7,200 bopd. A multi-zone combined production test totalled 12,500 bopd on a 128/64" choke from five zones."

[losses] 03/6/2021 16:26

That's true about the gas.. but don't think that's going to happen this year.

[gregpeck7] 03/6/2021 16:25

PS is Hawkey still "around"? Looking forward to some interesting discussion.