Genel Energy Share Discussion Threads

[kulvinder] 15/1/2019 08:03

Still no fireworks or rockets, what will it take with this stock, after such a good update, profitable even if oil is 45 dollars, bringing in sh*t loads of cash?

[nicebut] 15/1/2019 07:55

This is what they tweeted:


Management is appraising the most effective model for balanced capital allocation in order to take advantage of growth opportunities, make value accretive additions to the portfolio, and pave the way to returning capital to shareholders at the appropriate time.

Genel Energy
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Genel expects to generate material free cash flow in 2019.

The Company continues to actively appraise opportunities to make value-accretive additions to the portfolio.

Genel Energy
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"As we generate cash we will continue to invest in the business to maximise the value of our portfolio... We are focused on building a stronger company with sustainable and material cash flow and multiple growth opportunities from which to create significant shareholder value."

Genel Energy

Murat Özgül, CEO of Genel: “2018 was a very positive year for Genel, which saw us generate material free cash flow and further transform the balance sheet. An expected year-on-year increase in production means we are set to continue this performance in 2019.”

Genel Energy
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Genel has issued a trading and operations update in advance of the Company's full-year 2018 results, which are scheduled for release on 20 March 2019: …

[ammu12] 15/1/2019 07:53

Look at Ophir trading update and compare this to Genel. Shambles

[gregpeck7] 15/1/2019 07:46

There is nothing bad there. We should be 300 plus already. Let's see if it lights the fuse. I know where I would invest.

[investordave] 15/1/2019 07:45

I hope we have an up day today given the strength of the results. It's long overdue.

[jswjsw] 15/1/2019 07:42

The 'geographical' discount is way too much, IMHO.
j

[nicebut] 15/1/2019 07:40

Even offering twice Genels value would be cheap way of getting the gas....I wonder if that`s why KRG are prevaricating. Probably not- probably just the normal DD by any partner taking so long.

[nicksig] 15/1/2019 07:34

I agree Greg. The other important point that Losses makes above is that GENL continues to be hugely cash generative in spite of uncertainty over POO. That is reassuring given the already strong balance sheet

[gregpeck7] 15/1/2019 07:26

Yes it is a sitting duck. Here's what I do if I'm Rosneft. Offer about 800m for genel. Sell down Taq Taq and tawke interests for potentially 800m. Gas for free. It's ridiculously cheap.

[nicksig] 15/1/2019 07:24

In a 18 months time their cash in the bank could be equal to the market cap

[losses] 15/1/2019 07:24

I like the first para...2018 was a very positive year for Genel, which saw us generate material free cash flow and further transform the balance sheet. An expected year-on-year increase in production means we are set to continue this performance in 2019, with low-cost assets forecast to generate over $100 million in free cash flow even if the oil price averages $45/bbl.

[nicksig] 15/1/2019 07:22

With $334m in the bank this looks like a sitting duck to me

[nicebut] 15/1/2019 07:21

Nice..

Increased net production. Pesh is stunning. Talk of divi or share buy back. FCF yield at 27%. Cash positive- loads in the bank -$334m.

What`s not to like? lack of gas? Talks on going..

[sparky333] 15/1/2019 07:18

Yep huge amounts of cash his year and a dividend is almost certain.Gas kicked down the road again, taq holding up, Pesh booming, twake starting to get tired.Another year ticking along but at least dividend on the cards 10 to 20p is my guess

[nicksig] 15/1/2019 07:17

$164m free cash flow is the headline news. Surely they are in the spotlight for a takeover with this level of cash generation?

[gregpeck7] 15/1/2019 07:17

It's an excellent update, confirms everything we know. Another 10,000 bopd at pesh with what looks like another 10,000 to come when the next we'll comes online.. generating about 350,000 usd of fcf every single day.. they will probably exit 2018 with over half a billion in the bank imo. It's crazy. They need to do a buy back or dividend imo. They are sitting on too much cash you could argue. It should totally underpin the share price though. Consider pmo. That is valued at absolute 2.5 billion when you factor the debt though. How on earth is pmo worth 5 time genel. Also raw taw starting to increase again which is good. I can see it getting back to around 20,000 bopd...

[ayesha4] 15/1/2019 07:16

550m market capDebt freeCash in bank with good free cash flow2019 going to be even betterToo cheap based on fundamentals

[nicksig] 15/1/2019 07:15

Update is as I expected. Stunning free cash flow. Great news from Pesh 8 and tt-32 is ok flowing at 2,000 bopd. And sounds like they will reintroduce a divi longer term. Forget the gas, this seems way off

[martym] 15/1/2019 07:12

Well seems to be silence on the update

[losses] 14/1/2019 21:21

I'm not selling any less than 350

[losses] 14/1/2019 21:20

I think it's peeps de-risking... world economy slowing most due to trade wars... so less oil maybe required.

[investordave] 14/1/2019 19:16

Good or bad?

[warrior boy] 14/1/2019 17:47

I wonder if the MMs know something we don't ahead of the Update?

[nicksig] 14/1/2019 16:41

I don't think anyone's expecting much that we don't already know. The only question we will have answered, I'm guessing, is how much money they have sitting in the bank, which we can probably work out