Genel Energy Share Discussion Threads

[pro_s2009] 21/5/2020 08:38

Interesting read:




................The Kurdistan region of northern Iraq is now struggling to repay a $500 million loan from commodity giant Glencore Plc, according to documents reviewed by Bloomberg News. Glencore and rival trader Trafigura Group Ltd. are also in talks to restructure oil-for-cash loans of about $1.5 billion with the Republic of Congo, according to people familiar with the matter. And Chad, one of the poorest countries in the world, is using a clause in its oil-for-cash contract worth more than $1 billion to reduce payments...............



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[soho2] 19/5/2020 07:56

Still not paid!!!

[losses] 18/5/2020 08:29

Definitely won't be 25p... as oil price recovers so will genel in the mean time enjoy the 11% divi

[sux_2bu] 18/5/2020 08:21

could also be 25p

No one knows.

[sharetalk] 18/5/2020 08:20

Genl are a well capitalised money making machine at anything over $30 a barrel. Could be 250p this month.

[frazboy] 18/5/2020 07:45

Losses - I’ll clarify my post. Break even for GKP is $35/bbl. That is due (it’s higher than you would think) primarily to the fact that $21/bbl is deducted for oil transportation and quality. The break even quoted does not include Capex, only G&A, interest payments, Opex etc. And, as point of clarification they’re operating under the terms of a PSC not a tax/revenue model so their monthly income (if it’s ever paid) is not the figure quoted by the ramper subsequent to my post - it’s around 35% of the gross revenue (after deduction for transport costs). Does anyone know the rough terms of the sales contract for Genel?

So, where is April’s payment? Neither GKP nor Genel have reported.

[pro_s2009] 18/5/2020 03:25

GKP - breakeven price is 35$ Brent. Official company RNS, not a typo. Anything below 35$ and GKP is losing money.




...... GKP will maintain a conservative financial position with a clear focus on cost control and cash preservation. At current production levels, the Company covers all operating, general and administrative costs and interest payments with a Brent price of c.$35 per barrel............

[losses] 18/5/2020 03:04

Farz... I couldn't believe when I read $35 breakeven as I believed it was under $20. So you think it's a typo?

[losses] 18/5/2020 03:01

httpS://finance.yahoo.com/news/u-shale-could-crush-oil-190000494.html

[chinese_takeaway] 15/5/2020 11:26

#gkpThey get average monthly Brent - $21 discount So if Brent averaged around $28 April they'll get around $6m gross $5m net.Be announcing takeover sale anyway shortly ,so who cares?!?!

[frazboy] 15/5/2020 11:10

Cyan - I think GKP's biggest issue is that they pay $21/bbl transport costs. Their effective break even (Tramdport Cost adjusted) is really $14/bbl (not the $35/bbl reported) Cash payment from the KRG for April (assuming it's received) for GKP, due today, will cause some to do a double take. At some points in the last month they would have been reviving nothing for their produced oil. I'm not sure what the contractual arrangement is for Genel. Do you know? In short, I think it's not just about the dividend - could be wrong, usually am!

[cyan] 15/5/2020 10:54

I see GKP is now 72p.
Although I would have personally preferred the company paid off some bonds; I have to admit that retaining the big dividend has supported our share price well.

[losses] 14/5/2020 13:53

That's great...

[elcapitano100] 14/5/2020 13:11

The divi was overwhelmingly agreed at the AGM.Now currently at 11.6% yield at 1.06.Astonishing value...which I had a spare quid

[littlepuppi7] 14/5/2020 11:54

Time to move to JKX. Not ridden the oil price rally at all yet, Unlike here, no debt, p2 reserves over 100m and 10,000 boepd production. Probably the biggest bargain out there at 30m mkt cap..15m USD in the bank at last count and NO DEBT. Not many shares avaliable at the current low price so should move pretty swiftly... Also hold a 10% stake in UNB, Ukraines biggest O+G producer probably worth 30m plus....

Summary of recent expectation smashing final results

FINAL RESULTS

FOR THE YEARED 31 DECEMBER 2019

JKX Oil & Gas plc (LSE: JKX), announces its results for the year ended 31 December 2019.

2019 Highlights

-- Revenue up to $101.7m (2018:$92.9m) thanks to increased production volume in Ukraine, despite lower gas prices.

-- Profit before tax up to $30.4m (2018:$14.0m).

-- Cash generated from continuing operations up to $41.4m (2018:$37.3m).

-- Year end cash position of $20.6m (2018:$19.2m).

-- Final bond payment made February 2020, making the JKX Group debt free.

-- Average daily production up to 10,748boepd (2018:8,937boepd).

-- In Ukraine, production up more than 50% to 5,584boepd (2018:3,677boepd) due to continued execution of development plan.

-- In Russia, well workover programme completed and average production maintained at 5,158boepd (2018:5,169boepd).

[cyan] 14/5/2020 11:51

A good set of numbers published today and the dividend makes this company stand out.

"Final dividend of 10¢ per share (2019: 10¢ per share), a distribution
of c.$27.8 million, to be paid to shareholders on the register on 29 May
2020, pending approval at today's AGM "

[losses] 14/5/2020 10:07

This will push higher once the AGM confirms divi later today.

[losses] 14/5/2020 08:12

Will finish blue... peeps are still asleep or digesting the report.

[martym] 14/5/2020 08:07

Market not impressed

[soho2] 14/5/2020 07:07

Excellent update, and we keep the dividend.

[losses] 14/5/2020 03:37

U.S. Domestic Production Drops To 11.6 Million Barrels Per DayYesterday, the API Crude Oil Stock Change report showed that oil inventories increased by 7.58 million barrels.The EIA Weekly Petroleum Status Report has just been released. The report indicates that oil inventories unexpectedly decreased by 0.7 million barrels. This is a very surprising development which has immediately provided support to WTI oil prices.

[losses] 13/5/2020 03:52

Oil Video 12.05.20.UAE and Kuwait Join Saudi Arabia In The Attempt To Improve Near-Term Supply/Demand Balance

[urals] 12/5/2020 10:07

#GKPUK TAKEOVER CODEWhen a person or group in concert acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders....Astaris declared May 11 + Lansdowne May 115.6 %+ 15% =?Doh. https://t.co/GFBu5XVZta