Genel Energy Share Discussion Threads

[sbb1x] 11/3/2021 15:24

Gonna have to take the price up to find sellers, everyone knows this and gkp will hit 300 in a few months.

[chopsy] 10/3/2021 17:07

Thx, nicksig

[nicksig] 10/3/2021 16:21

Updated been busy

chopsy25 Feb '21 - 14:31 - 3309 of 3365
0 3 0
We will catch up, hopefully. We are in an uptrend. We are awaiting the gas deal news for Bina Bawi. That could add a pound to the shareprice in a flash. But we remain unloved, not least by nicsig who doesn't update the oil charts any more. And by Hawkey2 who no longer updates and pastes his "reasons to be cheerful". Well the unloved shares are sometimes the best so here's to hoping.

[sbb1x] 10/3/2021 15:31

EIA week ending 3/5Crude oil: +13.8MGasoline: -11.9MDistillates: -5.5MRefiner utilz: 69.0%Impld mogas demand: 8.73Mbpd#oil #OOTT #eia #crudeoil

[sbb1x] 10/3/2021 13:46

This should be in the 200s at least

[cyan] 10/3/2021 11:36

The KRG have had historical issues with cash flows and this has, for periods of time, impacted payments to the producing companies.

Its a mystery to me why the KRG have not yet agreed terms with GENL to exploit the gigantic gas resources that could provide massive revenues for may years to come.
You would think it would be a priority .

I have been waiting years to see the gas reserves unlocked as their revenues would be transformational to our company and would see us, imo, way North of £4 a share.

[losses] 10/3/2021 10:13

I'm finally in profit here after 2-3 years 178 average .. but still can't fathom we are still under 200 share price

[cyan] 10/3/2021 10:09

Very good RNS . Should reassure that GENL can continue ; "...the payment of a material and sustainable dividend"

[sbb1x] 10/3/2021 08:34

Brent was 54/55 in January.So next payment I would expect at least 7.5 million in debt repaid.

[officerdigby] 10/3/2021 08:08

chopsy10 Mar '21 - 07:50 - 3355 of 3357
0 1 0
Not so sure about my own calculations. At the current repayment rate $2.4m per month, it would take >5 years to get back the full receivables reconciliation. What I don't know is how to find out the monthly Brent average that is applied to the formula.

January (in GKP RNS)

[sbb1x] 10/3/2021 08:02

Good morning Brent was 54/55$ in January.So next payment should be 30millon plus imo.

[ammu12] 10/3/2021 07:59

The receivable recovery payment relates to unpaid invoices from 2019 and 2020. For each cent above a monthly dated Brent average of USD50/bbl, 0.5 cent per paying interest barrel produced will be paid towards monies owed.

[chopsy] 10/3/2021 07:50

Not so sure about my own calculations. At the current repayment rate $2.4m per month, it would take >5 years to get back the full receivables reconciliation. What I don't know is how to find out the monthly Brent average that is applied to the formula.

[ammu12] 10/3/2021 07:36

Yeah atleast they are paying + darts forecasted to increase...this is a money making machine!!

[chopsy] 10/3/2021 07:33

Just as an example, if Brent was $60 and static, it would take about 3 years for the reconciliation amount of $159m to be paid. At 60 we get $5 per barrel extra toward this. Of course the price of Brent will vary, and production working interest will hopefully increase, so it may be shorter.

[ammu12] 10/3/2021 07:33

With the outstanding yes...So we can assume roughly same numbers going forward...23m * 12 = 246m fcf Genel should be valued at a billion pound company.

[ammu12] 10/3/2021 07:17

23.9m nice

[losses] 10/3/2021 07:04

Genel Energy PLC: Receipt of payments for KRI oil salesPlus 2.4 mil for Dec

[sbb1x] 09/3/2021 21:32

#API#Crude +12.792M VS Est.-0.833M#Cushing +0.295M#Gasoline -8.499M VS Est.-4.167M#Distillate -4.796M VS Est.-3.667M#OOTT #OIL $CL_F

[sbb1x] 09/3/2021 15:53

All eyes on ut tradeClose 195 ?

[soho2] 09/3/2021 15:47

Let's hope!

[ammu12] 09/3/2021 14:46

Maybe tomorrow...