Genel Energy Share Discussion Threads

[geckotheglorious] 28/5/2021 09:32

Resumption of leisure travel will surely see Opec / Opec + resuming pumping and returning those 2million+ barrels per day no???

[kris akabusi] 27/5/2021 19:02

POO touching 70 bucks, imagine what the slingshot effect of resuming leisure travel will haveBooooommmmmmm!

[sbb1x] 26/5/2021 20:10

If they do I might consider buying back.

[ammu12] 26/5/2021 17:22

Reckon the mms will take this down to 120 region imo

[nobull] 26/5/2021 13:46

Genel are spending $200m on drilling for reserve increases, if I've understood it right; GKP,$60m for production increases. Buy-backs will either increase the regret cost or boost the exploration success reward.

[aero340] 26/5/2021 12:42

Time for a share buy back.

[cyan] 26/5/2021 09:59

"...the recovery payment will be USD3.1 million. The override payment will be USD8.2 million. Given the proposed new schedule, Genel expects to receive both payments shortly."

We will be paid. Massive overeaction; we have seen it before.

[nobull] 26/5/2021 09:54

"120p highly possible", only, in the absence of an oil price crash, if the appraisal wells on Sarta and Qara Dagh all fail to increase the resource size, I wonder?

Does anyone know why, when Genel suffered $320m impairment charge (due to falling oil price last year), that impairment charge can't now be reversed?

I get the point about more diversified subsurface risk over 70 wells on 4 blocks compared with GKP's far fewer wells on one block, Shaikan.

However, net production guidance is still 33k bopd, whereas GKP's might grow by beginning of Q2 2022. Any other points, I've missed, apart from different sensitivity of cash flow changes per barrel (arising from recovery of the deferred receivables) to oil price changes? Thanks for any help.

[cyan] 26/5/2021 09:42

We are clearly oversold . Getting silly. Am hoping this is the bottom.

[ammu12] 26/5/2021 09:39

120p highly possible

[linton5] 26/5/2021 09:32

Yip looking that way down to elbanko for end o month bargains

[topazfrenzy] 26/5/2021 09:29

Looks like it wants to go to 120p which would mean back up the truck time

so cheap now

[elcapitano100] 26/5/2021 08:58

Oil price up - check.Genel payments in - check.Genel share price down - check.All is well in the world again

[ammu12] 26/5/2021 08:43

Looks like genel won't be getting it and market doesn't think so

[senator] 26/5/2021 08:39

...and it provides no relief to the depressed share price.

[elcapitano100] 26/5/2021 08:25

Payment in (phew) but no overrides/overpayments. Imminent (allegedly)...

[sbb1x] 25/5/2021 18:00

Still no payment disgusting

[soho2] 25/5/2021 15:49

Let's hope you are but would not bank on this... still, we have to wait ....

[officerdigby] 25/5/2021 15:38

Thought is maybe they (DNO/GENL) have more balls and there are some more negotiations going on about back payment before pay up. Having had the current KRI financial issues explained in that online web seminar thing (I posted on here) I'm a bit more willing to accept the reduced payment. But normality is they pay or delay when they want to.

[elcapitano100] 25/5/2021 15:05

Didn't realise that GKP had been paid for March on 20/5 - very strange and explains why the share price is so limp.Should we start to worry?

[officerdigby] 25/5/2021 14:42

Elcap - more to pint the other companies been paid. Just DNO/GENL

[elcapitano100] 25/5/2021 11:12

Last monthly payment was April 13...just throwing it out here...

[soho2] 24/5/2021 12:18

And some overdue $$$

[cyan] 24/5/2021 11:22

Oil moving back up; Genl goes down...oh well.

Lets hope some good drill news will give our share price a lift.

[officerdigby] 20/5/2021 23:01

Roundtable: Spotlight on Kurdistan and Iraq



from here




from GKP thread. Worth a listen: GENL CFO, GKP CCO and some others discussing issues..