Genel Energy Share Discussion Threads

[panagos] 10/10/2018 11:39

City monkies will take this to 300 a d beyond

[kulvinder] 10/10/2018 11:19

Looks like the "City" boys & girls are finally awake!!!

[losses] 10/10/2018 11:10

Are we there yet!!!

[carla1] 10/10/2018 10:34

Pana...who said it would be a hard day for you today and a sell the news !!

[sparky333] 10/10/2018 10:28

All I know is we are a company that is ripe for takeover.Swimming in cash which is now higher than the bond.Growing reserves, growing revenue, growing cash pile etc, And riculously cheap.

[cyan] 10/10/2018 10:21

Which government? GENL , although london listed ,is effectively a Turkish company.

Kurdistan would be content and Turkey very happy. I do not see what the UK government could do or even want to do.

[hatfullofsky] 10/10/2018 10:12

There will be a lot of Government intervention on any offer by ROSNEFT, the political climate to all things Russian is very poor at the moment.

[panagos] 10/10/2018 09:47

losses...agreed

gap filled now the only way is up!

[nodoe] 10/10/2018 09:41

So let me get this right...a debt free oil company, that will be producing in excess of 40k bopd by year end and a probable pe of 7 and dropping fast. with massive assets....mmmmm...

[lw425] 10/10/2018 09:33

Get the gap at 230p filled for starters!

[losses] 10/10/2018 09:16

City wakes up 9:30 lol

[kulvinder] 10/10/2018 09:13

I am surprised none of the analysts have said a peep as yet - after such great news....hence the price is dipping a bit at the moment - hope it not a sell on news stock, need upward momentum to hit that £3 again.

[cyan] 10/10/2018 09:07

Very positive update. Production is growing fast with PESH an outstanding asset.

As I wrote yesterday the Miran oil will, in plateau phase of production produce 10,000-15,000 barrels for GENL. That is for the medium term future maybe 18mths to 2 years away.

The really gigantic assets are the gas fields. The update has two short extracts;

·" Field development plan ('FDP') submitted to Ministry of Natural
Resources ('MNR') regarding the 34 MMbbls of 2C light oil at Bina Bawi,
with the FDP for the Bina Bawi gas development well advanced and set to
be added to this submission shortly. The submission will enable
completion of the discussions with the MNR in relation to the
optimisation of value creation from Bina Bawi "

"Through its Bina Bawi and Miran fields, the
Company is positioned to be a cornerstone provider of KRI gas to Turkey
under the KRI-Turkey Gas Sales Agreement."

It seems all but certain gas field development will follow after Miran light oil is flowing. ROSNEFT commitment to the gas pipelines and Russia's heavy investment in Kurdistan provides confidence.
Speculation regarding a takeover of GENL has been going on for a while. One might logically speculate whether ROSNEFT is interested and at what price.

Time will tell but its clear GENL has an excellent base of assets to keep it busy with Somaliland next year might open up new opportunities.

Brent $85.20. Excellent

[losses] 10/10/2018 08:55

There's a gap and empty void between your ears lol.. this can't go to 180 Mate... wake up

[nicksig] 10/10/2018 08:55

He’s clearly short

[hatfullofsky] 10/10/2018 08:53

LW425 - Lots of market comentary on oil heading to $100 this year.

[losses] 10/10/2018 08:51

Buy the dips guys... city wakes up 9:30

[lw425] 10/10/2018 08:51

Until Bagdhad rubber stamp the Kurd oil contracts you'll never get anything approaching full value here.

In the meantime the long term chart looks toppy as hell and heading for a 180p target as crude retraces from it's current sugar high.

[panagos] 10/10/2018 08:42

they are actually called synapses.

[nicksig] 10/10/2018 08:40

You have some gaps in your head

[lw425] 10/10/2018 08:40

Gaps lower down need to be filled