Genel Energy Share Discussion Threads

[losses] 01/5/2020 00:43

Norway Announces Oil Production CutsNorway has officially announced that it will be cutting its oil production from June 2020 to December 2020. Norway will start with a production cut of 250,000 barrels per day (bpd) in June. After this, the country's oil production will decline by 134,000 bpd.In addition, Norway will delay the start-up of several oil fields until 2021. As a result, the country's oil production in December 2020 should be 300,000 bpd less than initially expected.

[losses] 28/4/2020 14:05

Yeah could get suspended... I don't think it will...approval at the AGM on 14 May 2020.The payment timetable is below:Annual General Meeting: 21 May 2020Ex-dividend date: 28 May 2020Record Date: 29 May 2020Payment Date: 29 June 2020

[soho2] 28/4/2020 13:31

Re: Dividend... they can still withdraw it... ( I hope they don't), this is still a possibility

[cyan] 28/4/2020 13:19

We are very cheap and retaining the dividend has helped support.

I would have actually preferred they used funds to buy the bonds with their not cheap 10% coupon.

Our huge cash piles gives us options. Those bonds do have a maturity date.

[sux_2bu] 28/4/2020 12:54

Oil and oil futures have a leak.

[chinese_takeaway] 26/4/2020 16:46

Baghdad to pay Kurdish IOCs proposal for oil deal.Today 13:46Shafaq News / Kurdistan Regional Government delegation negotiating with Baghdad revealed on Sunday a proposal to the federal government to hand over all the region's oil in exchange for paying the dues of the oil companies operating in the region.The Minister of Planning, Dara Rashid said in a press conference held after a meeting with the Presidency of the Region's Parliament that our efforts are continuing with Baghdad to reach a complete solution regarding the region's share of the budget.We submitted a proposal to Baghdad to hand over the full Kurdistan oil in exchange for the federal government paying all the financial dues to the oil companies operating in the region, He added.A delegation from the regional government visited on 19/4/2020 the federal capital Baghdad and held a series of negotiations on the share of Kurdistan in the budget in addition to forming the new Iraqi government headed by Mustafa Al-Kadhimi.

[sux_2bu] 23/4/2020 16:06

Fek. Be careful lads. Keep your eye on the ball, just incase.. https://www.zerohedge.com/energy/oil-storm-really-big-storm?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

[milliecusto] 23/4/2020 11:29

Oil rebound is just a 'breather' - prices will likely turn negative, analysts say https://www.cnbc.com/2020/04/23/rebound-in-oil-is-temporary-prices-will-turn-negative-again-analysts.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

[d1nga] 23/4/2020 11:03

Close that short Mr Wilkes before its too late

[losses] 23/4/2020 09:25

Still 4-5 weeks to go so they may still suspend it. I hope they don't though.As previously stated, the Company intends to pay a minimum dividend of $40 million per annum. This will be split between an interim and final dividend, to be paid one-third/two-thirds. The final dividend reflects this split and will be subject to shareholder approval at the AGM on 14 May 2020.The payment timetable is below:Annual General Meeting: 21 May 2020Ex-dividend date: 28 May 2020Record Date: 29 May 2020Payment Date: 29 June 2020

[soho2] 23/4/2020 07:08

With GKP suspending their dividend, I am still surprised that we are not (although not complaining)....

[losses] 22/4/2020 23:36

httpS://uk.finance.yahoo.com/news/brent-crude-oil-price-hits-105014169.htmlSaudi oil tankers holding almost 40m barrels of oil could be left stranded off the US coast as Donald Trump considers a block on crude imports to help prop up the US oil market.

[oapknob1] 22/4/2020 23:26

Saudi Aramco has started to scale back production from its maximum capacity of around 12 million barrels per day in preparation for lowering its output to 8.5 million b/d in May,

[sux_2bu] 22/4/2020 14:02

140p for the gap coming

[sux_2bu] 22/4/2020 13:41

Gonna blow.

[sux_2bu] 21/4/2020 19:45

ColonelDrake has posted on another site, basically my thoughts too ColoneDrakePosts: 2,766Price: 16.28No OpinionRE: June WTI down 40% at 12.50$Today 19:18It certainly is astonishing. June contract now trading almost inline with May contract which has jumped over $45pb from -$37pb lows. This is not an oil market - it's a paper trading casino and it's embarrassing for the financial industry to see it's dirty washing hung out.Meanwhile in another galaxy calld the DOW30, Exxon, a multi US Oil major is trading down by 0.2 cents or roughly 0.5%. It was actually higher at $41 a share. Futures? What oil futures? If Exxon stock isn't blinking, then I don't see why Tullow or Premier or or Enquest or Hurricane are blinking.Looks to me like they are desperately trying to rollover contracts from May to June so that the ETF book doesn't have to fold. Metaphorically, it's like lowering a bridge to meet another bridge so they can get across with no fuss and avoid a complete collapse of the trading index.My guess is, that when this settles later tonight and tomorrow, Oil will be ticking up again and the May contract holders (now June holders) can get some relief.Paper trading 10 times over is just speculation so it's no wonder it's all over the place when the barrels can't be delivered.

[sux_2bu] 21/4/2020 19:16

These rapid movements only effect pi's on leverage trying to take on the pros. And losing, as always.

[sux_2bu] 21/4/2020 19:13

July is being traded. What site you looking at coz its giving you false info.

[ronwilkes123] 21/4/2020 19:10

The July future ??It's June that matters

[sux_2bu] 21/4/2020 19:08

Price racing up, for now. Traders certainly putting shots across the bows of world leaders

[sux_2bu] 21/4/2020 19:07

I wonder if the BoD of Genl are going to pick the good parts of distressed Oilers going down the pan. Genel are swimming on cash.Exciting times :-)

[ronwilkes123] 21/4/2020 19:06

July futures won't be highly traded yetThe 18 dollars is key

[sux_2bu] 21/4/2020 18:59

Just google it, or check ig , that what I'm looking at July futures around $23 June now 18, at time of typing.