Genel Energy Share Discussion Threads

[o92mlboa] 02/1/2023 19:33

What are your thoughts on clean energy companies like cmg cleantech or fuelcell?

[chopsy] 02/1/2023 14:28

Can you please post the article here?

[tombag] 02/1/2023 11:45

Somaliland is not important to GENL. We should steer clear of it.

[erbullion] 02/1/2023 11:26

How important to Genl is Soaliland?

[tombag] 02/1/2023 10:20

No foreign power recognises Somaliland's sovereignty. Why did GENL agree to get involved in this (with Taiwan of all entities)? Another reason to put GENL into runoff now!

[bondholder] 15/12/2022 13:19

Agree completely.

[sporazene2] 14/12/2022 07:24

bondholder - Majors are offloading 2nd phase producing assets as they look to re-position their portfolios . So from my POC, deals are there to be done from what I can see. However my issue is not necessarily being at the top of the cycle, it is more the competence of the Genel team to screen and select the right asset as well as, negotiate the right deal. After all the team is almost the same crew that have proven themselves to be completely incompetent operators with the Sarta debacle. In particular, I would point to technical director Mike Adams who is now supposed to be leading technical due diligence on potential acquisitions. He should be relieved of his duties. I need to go back through the numbers but I would say capex on Sarta is going somewhere between $200-$300m and from memory current production is gross 4k/day with very modest 2P.

[tombag] 13/12/2022 23:40

Fully agree Bondholder!

[bondholder] 13/12/2022 20:32

Management talking about spending >500m buying assets at the top of the cycle. Madness.Put the company into run offPay off expensive loanIncrease dividendWait for arbitration award

[gregpeck7] 13/12/2022 19:19

Can't believe how bad sarta has turned out to be!

[officerdigby] 13/12/2022 09:46

What you all need to realize is all drilling expenses are paid back (over time) via the PSC! So if they don't spend the monthly payments will drop (over time).

[sporazene2] 13/12/2022 08:37

Confidence in this mgt finding the right assets to buy is low IMO. Look how much has been wasted on Sarta

[bulltradept] 13/12/2022 08:10

Buy below £1.20 if it gets there..

[bondholder] 13/12/2022 07:35

Management appear very slow to admit what is obvious to outside observers. Does not bode well given the hubristic statements about buying new assets

[bondholder] 13/12/2022 07:33

Sarta a complete dog.

[daniel levi bmd] 12/12/2022 08:04

Posted late last night.

If you missed it.

FYI

Balochistan The Last Great Onshore Oil, Gas & Mineral Resource Play On The Planet.... Coro Energy *BUY*


Dan
x

[thebabe] 11/12/2022 15:47

HTTPS://twitter.com/ChicagoJack5/status/1601543730565361664?s=20&t=eJ3cfBuzMFMKnoUPo5Vrcw

[losses] 04/12/2022 18:40

So looks like less oil will automatically mean the price shoots up.So not sure what they are think when applying these sanctions on Russia.Shooting themselves in the foot again like the sanctions on Russian gas and now every single household in the west is paying the orice

[losses] 04/12/2022 18:30

The Opec cartel has warned it could take immediate action on adjusting oil output as the group of producing nations braces for the fallout of fresh Western sanctions on Russia.Opec, which comprises 23 nations including Saudi Arabia, said it was maintaining its policy of reducing production by two million barrels per day which came into force last month and will run to the end of next year.However, the group said it was ready to "meet at any time" and could "take immediate additional measures".It comes as oil markets prepare for renewed volatility, with fresh price caps set to come into force on Russian oil on Monday. The EU, G7 nations and Australia have all agreed to set a cap of $60 a barrel in a bid to stop Moscow from profiteering from oil exports in the wake of Vladimir Putin's invasion of Ukraine.The caps, which were agreed last week and will come into force on Monday, coincide with an EU ban on seaborne crude imports from Russia.

[chopsy] 01/12/2022 12:36

Morocco farm out would be great. I was previously in CHAR 8-> 20+ and I am in PRD 6-> 9, so I like the proximity to Europe and the gas assets there.

[phillis] 01/12/2022 12:16

I have experience of an arbitration claim
It will probably take 18 months after Feb 24 unless one of the parties caves in
Dont get your hopes up