Genel Energy Share Discussion Threads

[cyan] 07/8/2018 11:05

Market to book ratio now 0.5.

1 is fair value
over 1 premium value ; "overvalued"
under 1 "undervalued"

Lots of value here!

Brent now $74.23 wow!

[nicebut] 07/8/2018 10:23

Good presentation.

[jswjsw] 07/8/2018 10:12

Despite the divi, numbers are great. Two closes above 290 and we should see a push towards 420 - the location risk premium ought to reduce with such a strong cash position - and NO DEBT!!!

j

[nicebut] 07/8/2018 10:10

Here he is!!

[cyan] 07/8/2018 09:41

Tempting fate, but, the magic 300 number is getting close.

Brent $73.84. US sanctions moves should keep Brent high, imo.

[kulvinder] 07/8/2018 09:35

I would not speak too early Sparky, as you never know with this one, but it is nice to see for once an up day on announcement of results....

[sparky333] 07/8/2018 09:32

Wow up on results day, now that's a first !!!

[cyan] 07/8/2018 09:17

Great news. Highly cash generative and Pesh continues to surprise.

One day the gas project will massively increase earnings. Patience required there .


" In January 2018 Bina Bawi and Miran CPRs confirmed a c.45% uplift to gross
2C raw gas resources to 14.8 Tcf. The upstream part of the project has been
materially de-risked, with 1C volumes more than sufficient for the gas
volumes required under the gas lifting agreement. Following the CPR, further
reservoir engineering has demonstrated the viability of high-rate gas wells,
which in turn more than halves the number of wells required to produce the
volumes under the gas lifting agreement, materially reducing the overall
cost of the project.

A field development plan regarding Bina Bawi gas is set to be submitted to
the Ministry of Natural Resources around the end of Q3 2018, with one for
the Miran field around the end of the year.

Genel is ready to progress the upstream as required, with further investment
to be made appropriate to progress on the midstream. "

Its good to see this line on costs;

"more than halves the number of wells required to produce the volumes under the gas lifting agreement, materially reducing the overall cost of the project."


Brent $73.74

In 3 months it looks odds on US sanctions against Iran will add oil to the list.

The future for the oil price looks robust imo.

[iggyb67] 07/8/2018 09:05

You are usually right NOT. Constructive comments until i read Pees comment

[panagos] 07/8/2018 08:51

300p by lunch.

[d1nga] 07/8/2018 08:47

lol

someone will be picking them up after the analyst call , I'm sure

[milliecusto] 07/8/2018 08:45

Raft of selling

[d1nga] 07/8/2018 08:30

karate boy , in 6/9 months time that oil rate should be up by at least 50% with results from pesh and bina bawi (alone all ours remember) circa 15,000 a day , whats not to like?

upgrade to cpr re pesh about end of year too

[nicksig] 07/8/2018 08:25

This should be trading at 500p+ within a year. Happy to sit and watch

[karateboy] 07/8/2018 08:22

The other thing should not be overlooked in the RNS is that net current oil production is 35,000 bopd.

[d1nga] 07/8/2018 08:06

bina bawi oil , next year by looks of things , lots more to expect from pesh. with new cpr to be issued at year end , all good here

[amr2o17] 07/8/2018 08:04

Makes absolute sense to tackle Bina-Bawi before Miran imo; keep the company as self-sufficient as possible, giving it maximum control over its assets.So easy to over-extend in pursuit of one big goal and end up on your knees to your debtors. This is about as solid a performance as you could wish for - value constantly being unlocked, no major risks being taken on. Couldn't be managed much better in my view, terrific confidence here.

[basem1] 07/8/2018 08:03

EPS figure not as high as I was expecting ?