Genel Energy Share Discussion Threads

[cool hand kev] 06/7/2018 09:07

Y the share price fall represents a buying opportunity?

[teamwork1] 06/7/2018 09:06

Am in at 2.77 so making a big lose

[cyan] 06/7/2018 09:05

Agreed panagos.

Much of the 'leg work' has been done towards ultimate exploitation of our gas assets.

Importantly we have ROSNEFT committed to building the gas pipeline.

Also we have signed the gas supply contracts (in Feb 17)so we have a handle on earnings; $1.20 per thousand cubic feet from well head to processing facilities.

We have an in depth CPR which INCREASED our reserves numbers .

Based on previous field life predicted production profiles , we can calculate gross annual earnings in the plateau phase. That is circa £400 million EACH YEAR.

You can see from the calculations that , basically, GENL's business will approximately double in earnings.

[sparky333] 06/7/2018 09:03

This is painful to watch

[panagos] 06/7/2018 08:57

cyan

to put it into perspective Zhor at offshore Egypt is estimated to contained circa. 30TCF and is considered the largest Gas find of the last decade!

Genel has estimated 13 TCF

Zhor is OFFSHORE, implies huge cost of extract and transport

Our fields are ONSHORE, much lower cost of extracting and transport

I mean is sooooooo simple to see that we have only scratched the surface with GENEL's share price upside.

[cyan] 06/7/2018 08:52

For anyone with a proper handle on the value of our gas assets and a belief in their commercialization ; imo, should not overly fret at the present share price

Some, with vision, may see an opportunity.

Trading volume is tiny.

[d1nga] 06/7/2018 08:47

Cyan , that was my point
Personally don't think they'll carry through on the threat but who knows for certain and it has happened before

[cyan] 06/7/2018 08:26

"shut the strait of hormuz"

Probably unlikely, however, remember this GENL's oil is pumped North to Ceyhan in the Mediterranean .

If it did happen, our oil would still flow extremely profitably

Brent now $77.40

[dmore2] 06/7/2018 08:21

it will never happen

[d1nga] 06/7/2018 08:18

IF Iran retaliates and carries out its threat to shut the strait of hormuz , you'll see $100 oi in pretty short order , they've done it before , will they do it again?

[amr2o17] 06/7/2018 08:01

This is an interesting summary of Trump's ludicrously contradictory behaviour in terms of global oil strategy, and the growing signals of an impending supply crisis that he's ably ensured is coming:https://oilprice.com/Energy/Crude-Oil/Do-Trumps-Tweets-Point-To-Another-Oil-Crisis.html

[yasharsad] 05/7/2018 23:38

Use google translate. Iranians are talking about 100usd per barrel now. https://www.radiofarda.com/a/f8-iran-to-trump-oil-will-cost-100-per-barrel/29345804.html

[yasharsad] 05/7/2018 23:36

The worrying thing is that the £2.50 resistance line has broken down. It may need a confirmation, however.

[cyan] 05/7/2018 22:09

I think charting is little better than reading tea leaves.

We all know there is a GIGANTIC gas project being planned which , effectively, will double the size of the business.

We als know there has been speculation over a number of recent years that GENL might be an attractive takeover target.

Out of the blue ,; news could land on developments that a chart can not foretell.

[panagos] 05/7/2018 22:09

Bought genl for 70p....sold a big chunk when i doubled but not lettimg the rest go for less than 5 quid.

[yasharsad] 05/7/2018 22:02

I was in kaz too. And sold it between 2.50 to 3.50. And regretted it when it smashed £10. Thats why i havent sold genel.

[basem1] 05/7/2018 21:58

Any Chartists out there ? I'm in deep and wondering whether to bail short term until the trend changes.

[teamwork1] 05/7/2018 21:46

Genel reminds me of kaz, I was in kaz at 4.50 then dropped hard and when it recoved I sold them and after that it went up to 11 pounds.

[panagos] 05/7/2018 21:31

Its like buying a tenner with £2.50

[panagos] 05/7/2018 21:31

Reason to be cheerful:69p EPS when oil was $50100p of EPS for 2018?a P/E of ten would value genel at £10.

[yasharsad] 05/7/2018 21:30

Someone enlighten me please. Why shares in gkp are stronger when we have better fundamentals??

[kulvinder] 05/7/2018 21:13

Thanks Buddy

[hawkey2] 05/7/2018 20:13

REASONS TO BE CHEERFUL

Oil production increasing every month.
KRG finances now looking secure due to oil price/increased production
Muqtada al-Sadr election winner is inclusive and pro Kurds
USA biggest base in the world built in Kurdistan almost complete.
Kirkuk oil transporting deal being discussed.
Iraqi paying some Kurdistan salaries.
Massive support from European countries for KRG
ISIL defeated.
Oil on the rise very likely 80$ a barrel soon.
Venezuela & Iran, Libya situations likely to keep oil price rising
Saudis desperate to get oil over 80$ and higher for IPO.
Worldwide demand much higher than anticipated touching 100m BOPD
API drawdowns regular and Worldwide oil glut now gone
Future oil shortfall now very likely due to historical lack of investment.

Rosneft has lent KRG up to 3$ billion
Rosneft involved in massive exploration & development projects.
Rosneft already building several Gas pipelines.

New Chairman, New World class CFO, New Dynamic COO
Payments now regular every month for 36 months in difficult circumstances
Payment increases due to payment "R" factor worth over 400$ million
July payment of another 25-30$ million due in coming days.
Free Cash flow huge over 140$ million last year and much higher this year.
Over 70% of all shares owned by only 5 major institutions.
Very small free float. Hard to buy large volumes on occasions.
New Bond issue securing finance for 5 years.
Some of lowest Production cost in the world.
Market cap 3ish x less net assets.
Debt free end of year.
Breakeven at less than 20$ per Barrels.
GKP now committed to increasing production spending over 200$ million
Gazprom increasing production in Garmian
Shamaran increasing production Atrush

Peshkabir producing 30k BOPD any day now & higher by end of year.
Peshkabir 4, 5,6, 7 either completed, testing or producing.
Tawke production robust. Confirmed by company
4 more new wells being drilled in Tawke in 2018.
DNO committed to spending record Capex in 2018. 50% more than last year.
Taq Taq TT29 new oil find confirmed, 145 meters deeper than thought possibly more to follow.
Taq Taq CPR stating new reserves.
Taq Taq major drilling due to be commenced now. 2 more wells this year.
Bina Bawi & Miran updated CPR showing huge increase in resource 27% + 78%.
Bina Bawi recent site meeting, oil could be flowing within 6 months.
Confirmed no rush to achieve GLA, when its best for Genel
New CPR No price or volume risk with either Gas fields
Genel now financially able to go it alone on upstream project. No partner needed.

Somaliland 2D Seismic being processed, drilling expected next year
Somaliland massive basin akin to Yemin, unexplored.
Somaliland potentially 2 Billion plus barrels of Oil.
Somaliland huge port being built near our acreage

[hawkey2] 05/7/2018 19:58

Patience.....Its all good......

A very unpleasant few days with to say the least some dodgy MMs pushing the price
down for lower than expected or many are comfortable with.

I posted an update directly from the IR dept of Genel last week and really do not believe we have anything at all to work about long term. In fact Im more confident than ever.

Remember the long term bit is the key. Thats where the future is with Genel. The journey has only just begun but don't expect massive % changes day after day. It just won't happen Genel has after all had one of the largest share price rises of all oil companies so far this year.

This is a great company with amazing assets and potential.

I for one have some funds ready to get stuck in tomorrow so we have another rocky day.

As always there are many REASONS TO BE CHEERFUL.......

Hawkey