Genel Energy Share Discussion Threads

[jc_123] 01/12/2022 10:37

There's another Investor meet presentation for the trading and operations update on 17th Jan 2023. Two presentations in 3 months is very unusual for Genel, so I hope something is going to be announced -

in order of likelihood IMO
- a new asset purchase
- good news with Sarta 6
- Morocco farm out deal

[losses] 01/12/2022 10:07

Hopefully. Plenty more cash to come..2023 averageGoldman Sachs forecast $110 oil for next year, but recognizes the uncertainty. On Tuesday, Goldman Sachs’ Jeff Currie, global head of commodities, said that recent downgrades to oil prices were because of the dollar and China.

[sharesure] 01/12/2022 08:17

The company has already stated that the arbitration will take place in the UK in 2024 so it is doubtful that the latest increase in interest is because of that. The company’s massive cash pile and the fact that it is increasing each month gives the Board plenty of scope for doing deals or makes the company a very tempting target in my view.in these times the dividends are also very attractive.

[farrugia] 01/12/2022 08:15

hard cold cash will do it for me

[losses] 01/12/2022 01:49

No that won't happen for years yet. I don't the arbitration process has even started yet.

[tombag] 30/11/2022 23:40

Maybe refund of GENL damages due to cancellation of gas project. ICG and KRG currently discussing budget.

[rangor] 30/11/2022 16:45

It's because I sold a chunk of my shares the other week, just before the recent rise. Grrrr.

[farrugia] 30/11/2022 13:53

I was going to say it could be the somaliland assets as they really sound promising with that accidental find of oil press article some months ago. But i think its something else and its something related to Genel. GKP and Forza Petroleum aren't moving much

[farrugia] 30/11/2022 13:44

i this at this point people with stocks based in the Northern sea would prefer to hold shares in an oiler in Kurdistan. THE IRONY OF IT ALL!! A SUPPOSEDLY SAFE JURISDICTION LIKE THE UK GONE TO THE DOGS.

[the count of monte_cristo] 30/11/2022 08:01

Hopefully not on one of their pipes:)

[losses] 29/11/2022 15:09

Agree something is up... a leak somewhere.

[losses] 29/11/2022 15:07

That's incorrect as divi was paid in October. The next divi payment is in April 2023

[phillis] 29/11/2022 13:08

really?

I think not

[the count of monte_cristo] 29/11/2022 11:37

Surely this is why people are buying, because the stock goes ex-div on Monday

[tombag] 29/11/2022 05:04

Hopefully, a divi is in the works.

[farrugia] 28/11/2022 16:11

someone knows something here.

[chopsy] 28/11/2022 13:44

Somaliland drill next year is something to look forward to.

[losses] 28/11/2022 13:35

I've been invested here for 6 years now. They've never done much with cash or work lol.Hopefully the new CEO can get his finger out and put the money to make more money.

[sharesure] 28/11/2022 11:53

With all of the company’s cash in the bank, prospects of more in two years if they get an arbitration award in the company’s favour and continued positive cash flow meanwhile a re-rating might be what is driving the share price up, although I wouldn’t rule out the prospect of a bid at some stage. Anyone else have a similar hunch?

[1jedi knight] 28/11/2022 11:39

Big buying going on thats all.

[losses] 28/11/2022 10:03

Interesting... oil down a fair bit in the recent days and we are up 7%Has sone news leaked regarding any acquisitions or new activities.

[wolfofhounslow] 13/11/2022 16:33

ERDOGAN: BLAST IN ISTANBUL IS A SUSPECTED ACT OF TERRORISM

[farrugia] 09/11/2022 14:43

the problem with Genel (i'm not saying it is a bad company) is that they just stand there and don't do much.

Look at Forza Petroleum (also operating in Kurdistan) in contrast

[officerdigby] 05/11/2022 13:26

Ok look here.https://gov.krd/mnr-en/publications/contracts/