Genel Energy Share Discussion Threads

[sparky333] 05/1/2019 13:12

Dividend !! Or script dividend 5p affordable and would send a big message.£14m drop in the ocean.

[soho2] 05/1/2019 12:59

A dividend, (the 1st of many) would not go a miss!!!

[hawkey2] 05/1/2019 12:16

Trading Update.....Any Thoughts ??



Posted this last week but few responses so I thought I would Repost.


Financial Update
Since 1st October over 100$ has been received in proceeds from KRG
Free cash flow in the last 3 months has been over 50$ million
Cash (excluding all debts) stands at over 50$ million

Production
Tawke production remains stable at just over 80,000 BOPD
Peshkabir production has increased to over 60K BOPD
Taq Taq production has increased from 12k BOPD to over 15 BOPD

Bina Bawi field development plan has been agreed and work will be start on this field in very near future.
Miran field development has been submitted to KRG and is still under discussion but is expected to be agreed within the next 2-3 months.
Somalialand seismic very encouraging and discussion under way with potential partners with aim to drill first well end 2019, early 2020
Sidi Moussa 3D seismic completed and a drill or drop decision to be made in 2019 after interpretation.

Gas…Final decision and drill or sell to happen in 2019

What do you think ???

Hawkey

[kulvinder] 05/1/2019 09:31

Thanks Nicksig, yes there does seem to be a sign that appears to signal a reversal of the downtrend that we have experienced since Aug 2018. I had a little stab myself using bigcharts a couple weeks ago, and the chart I drew at that time around 156p I think, suggested that the share was ready to buy back, as the blue line had crossed the brown line, with my limited knowledge of charts. Long may it continue. Personal opinion we may see it go up to around 250 in the short term with a pull back to around 200 before a run up to 350 as the gas news hopefully filters in this year.

[nicksig] 04/1/2019 23:15

hi chopsy. Yes I don't tend to use advfn charts but I don't have the patience to work out how to load up other ones onto this thread. As you say, no moving averages have crossed yet but trend reversal is something to think about if you know where the major pivot points and areas of resistance are. I had a sense we were up against a key point of resistance yesterday at 186p and the increase in volume today was telling as I think this has been ta traded for some time. I agree it is all a matter of interpretation where you draw the lines and if anyone wants to offer a different take I'd be keen to see it!

[chopsy] 04/1/2019 23:10

Thanks for the pretty pics. As I have said we can only find trend reversal after the event. You have nicely shown us coming out of your downtrend channel, but it is only yours, where you chose to put the lines. No golden cross as yet. I hope you are right. I wouldn't put too much store on it though.

PS. logcharts are better.

[nicksig] 04/1/2019 23:08

kulvinder make of this chart what you will - this is just a rough stab without being able to find my glasses! A pretty clear downward channel has been in place for months now. There was strong support at 150p and you can see that the share price bounced off the upper limit of channel at 186p yesterday. If you are looking for positive signals then the this channel seems to have been broken today and the moving averages are starting to turn upwards. On my reading there is no sign - chartwise - of anything explosive just yet but they are looking more positive. Just some fairly basic thoughts that I wouldn't take too seriously

[nicksig] 04/1/2019 23:02

free stock charts from uk.advfn.com

[nicksig] 04/1/2019 16:36

Another excellent auction and a close at the high of the day

[cal57] 04/1/2019 15:39

$58.03 now

[cyan] 04/1/2019 14:43

$57.42.. hello!

[kop202] 04/1/2019 13:08

Genel makes Stockos FCF screen. Surely it will rerate soon

[nicebut] 04/1/2019 12:48

Nice to see some buying that`s for sure- and the right direction at last-

[kulvinder] 04/1/2019 12:17

Thanks Nicksig, look forward to that.

[nicksig] 04/1/2019 12:10

In the meantime, nice 50k buy there at over the ask

[nicksig] 04/1/2019 11:57

Hi Kulvinder. I will try to post a chart tonight. Of course, it's just my interpretation

[kulvinder] 04/1/2019 11:40

Nicksig, what is the chart saying to you? Would appreciate what you assume from it.

[nicksig] 04/1/2019 11:09

In the meantime the chart looks very good to me

[nicksig] 04/1/2019 11:08

Yes it would be nice to know what the reason is (if there is one) and what the strategy is in attracting potential partners. It looks to me like that gas isn't priced into the share price at all at the moment and I guess there is a reason why. If they can make progress on this then an share price of £10 isn't unrealistic. At least that's what I'm hoping for

[sparky333] 04/1/2019 11:08

190 proving difficult today. It will cave later today if POO and Dow play ball.

[nicebut] 04/1/2019 11:05

True but if the KRG won`t agree the new FDP because they want the gas developed too then its` a bit catch 22 for Genel if they can`t complete the gas development deal, for whatever reason- perhaps even the KRG not agreeing the small print?? (We don`t know know the reason)....Genel are getting on with what they can and coining it from the other bits...I`m not complaining about that.....Though the gas development is a little frustrating.

[nicksig] 04/1/2019 11:01

Yes I agree nicebut and I thought at the time that they could have bought back even more bonds. They've turned things around but operationally have been very quiet on all fronts (except those managed by DNO)

[nicebut] 04/1/2019 10:58

It might be painfully slow but progress has been made on Taq Taq, on the debt (IE Debt free), and FCF is highest it`s been for some time. Then we have the DNO bits which are progressing very well- Well peshkabir should be...