Genel Energy Share Discussion Threads

[martym] 17/8/2018 15:01

What is going on with this share??

[amr2o17] 17/8/2018 13:38

Sounding more glass half empty to me but take your point :)Depressing at the mo in light of the underlying integrity of the business, but it'll turn at some point I dare say, a bit of stability on the Turkish situation will no doubt help; at least that's not as dire as it was...just hope that someone tells DT to stop trying to sabotage the global economy, or maybe a black swan event could happen like his wig gets trapped in a wind turbine or something.

[nicebut] 17/8/2018 13:32

All oilers have disconnected with the PoO too...which doesn`t help. I sound a bit glass half full sorry.

[nicebut] 17/8/2018 13:28

That old chestnut!

Occams razor...sp down, folk selling!

Which unfortunately ties in with Bilgin and the Turkish economic non-sense. IMO

if they`ve got 41m to shift it might be a long few months.

[rangor] 17/8/2018 13:27

The share price bounced off 235 on July 6th,and then hit 300 a few weeks later.
This is just the current (wide) trading range and it'll be back at +300 shortly. Currently a great opportunity to buy a few more.
The director's wife was buying at 225 a couple of months ago.

[panagos] 17/8/2018 13:21

bilgin had 42m shares and sold half a mill.

the whole issue is that he crossed back the 15% reporting level so it had to be strategic move somehow.

I smell a bit of an M&A action

[nicebut] 17/8/2018 13:20

cyan,

There`s no volume because there`s no buyers (or not many) so they keep dropping the share price trying to fill the sell order or orders. IMO

[losses] 17/8/2018 13:19

How much has he sold and how much does he (bilgin) own altogether?

[teamwork1] 17/8/2018 13:18

Ride it out it will come good

[cyan] 17/8/2018 13:02

Hi nicebut,

The volume does not suggest any further significant sales, imo. Just after the results we hit 300p; what has changed so drastically to warrant the drop?

Here is good news

Read the rns from yesterday;




As previously stated, production at Peshkabir has more than doubled to
35,000 bopd, following the successful Peshkabir-4 and Peshkabir-5 wells.

Peshkabir-6 and Peshkabir-7, completed in August, are about to undergo
rigless test production lasting several weeks. Two more wells are then
scheduled in 2018, with Peshkabir-8 to spud in 10 days and Peshkabir-9 to
spud in October.

The operator has set a new Peshkabir production target of 50,000 bopd by year-end.

Early production and successful appraisal has raised previous field 1P and
2P reserves estimates. Peshkabir-6 also has the potential to unlock further
Cretaceous and Triassic reserves.

With Peshkabir successfully launched, development drilling is set to resume
at the flagship Tawke field, where workovers of existing wells have
stabilised production above 85,000 bopd.

The operator expects production to also increase at the Tawke field,
dependent on the success of new wells in the second half of the year, when
two wells will be drilled in the main Cretaceous reservoir and two in the
shallow Jeribe reservoir. Engineering work has also begun on the enhanced
oil recovery project at Tawke, based on the injection of Peshkabir gas.

[cyan] 17/8/2018 12:54

Hi panagos, I did get that impression.
This is not dead money. We have serious increasing volumes of voil being produced from Pesh.

Also the Miran oil field development in , maybe, 6 months. More volume production.

Of course we also have the really huge upside from future gas developments. This company is NOT stagnating; quite the opposite.

[top tips] 17/8/2018 12:51

Check out Petro Matad - MATD ahead of results on its 6 well fully funded onshore drilling program targeting 2 billion barrels recoverable.

[nicebut] 17/8/2018 12:50

Trouble is if Bilgin is selling then it could have a way to go yet....Very annoying but hey- its under-valued at c300p hopefully another ii will step in when they think it`s cheap enough? Might be waiting a while for that, too!

[panagos] 17/8/2018 12:40

cyan just filter topaz... from the "going back to 80p crew"

[cyan] 17/8/2018 12:35

Only chart i am looking at is Brent's. now $71.86

[topazfrenzy] 17/8/2018 12:34

You'll wake up one day and see it marked down 30-50%, best to get out now, this is dead money as best scenario

[topazfrenzy] 17/8/2018 12:33

Chart says double top with 110p as next stop

[cyan] 17/8/2018 11:19

POO is having a better day. Brent risen; now $71.63

[kulvinder] 16/8/2018 18:44

Well done mate, wish I had done the same - it appears cash is king at the moment - the market is too jittery from day to day...

[hernando2] 16/8/2018 17:39

Th sanctions and Turkey in trouble have just started..its that that is my concern , happy to watch for while, if i miss 5 0r 10% thats ok.. good profit was made in the run up to here and its in the bank

[losses] 16/8/2018 17:36

Didn't work today lol

[losses] 16/8/2018 17:35

Surprised we ended up at the bottom end today... was hoping for 260-70 close.

[nodoe] 16/8/2018 17:33

The political situation has been going on for years!!!

[hernando2] 16/8/2018 16:18

Long time to go for me...watching but I can see some more uncertainty with the political situation..perhaps in months or two