Genel Energy Share Discussion Threads

[hopeful holder] 17/1/2023 12:15

The market appears to agree with you. I would have liked to have seen more investment and plans to utilise and invest our cash in existing and new assets far quicker.The plans seem slow and pedestrian.

[topazfrenzy] 17/1/2023 11:17

Dividend looks safe at this level if the statement is to be believed

[hangthedj] 17/1/2023 08:36

Perhaps an explanation for the delayed payments will be asked during todays presentation but doubt we'll get an informative answer.

Not really that far behind yet as double payments this month would set us back on track but slightly worrying no doubt.

[ashkv] 17/1/2023 07:34

CATALYSTS GENEL - Jan 2023:
Resumption of Payments from the Klepto Kurdish Administration - SHORT TERM
Brent Price- SHORT TERM
Successful Drills to Sustain/Boost Tawke and Taq Taq Production - SHORT-MID TERM
Kurdistan Political / Resolution - SHORT-MID TERM
Deal Announcement to put cash on balance sheet to work - SHORT TERM (Hopefully)
Morocco Farm-Out - ??? UNCERTAIN ???
Somaliland Drill -MID-LONG TERM
Miran and Bina Bawi Arbitration - LONG TERM

[ashkv] 17/1/2023 07:27

Genel cursory overview / metrics with today's Update RNS - Genel Energy PLC: Trading and operations update

Share Price: 130
GENL Current Share Price vs 52 Week low of 116.4p on 26 Sep 2022: 11.68%
GENL Current Share Price vs 52 Week High of 200p on 5 May 2022: -35.00%
Brent Price: $84.50
Brent Current Price Performance vs (18 Aug 21)Low of $65.33 (GBPUSD 1.36): 29.34%
Shares Outstanding: 278,689,585
Market Cap GBP: £362,296,461
GBPUSD: 1.22
Market Cap USD: $442,001,682
Cash (31 Dec 2022): $495,000,000
Debt (Jan 2023 Update - $274mn Bond Due 2025): $274,000,000
Net Cash: $221,000,000
Receivables ($38m override not included): $68,000,000
Projected Net Cash with Receivables: $289,000,000
Net Cash Plus Receivables as % of Market Cap: 65.38%
Production Actual 2022 (FY GUIDANCE 30-31kbpd): 30,150
Production Guidance 2023 (FY GUIDANCE 27-29kbpd): 28,000
Enterprise Value (USD): $221,001,682
Enterprise Value (USD) Including Receivables: $153,001,682
EV/BARREL (USD) 2022 AVG Production: $7,330
EV/BARREL (USD) 2023 Mid Guidance for Production: $7,893
EV/BARREL (USD) 2023 Mid Guidance w Receivables: $5,464
Dividend Yield (2022 Total Dividends of 16 cents per share if same as 2021 as guided in HY 22 Results): 11.35%

[phillis] 16/1/2023 17:48

K
Sorry
Wasn’t trying to be funny
Didn’t read previous posts

[releasethekraken] 16/1/2023 12:55

August and and September invoices, for Shamaran, Genel ,gkp,And presumably DNO , all overdue..Coupled withe the change to Kurdistan Blend lifting agreements....So be interesting to hear what Genel say..It's possible this is a positive as could be linked to Baghdad recognising legitimacy of PSC , quid pro quo , Kurds aligning with SOMO pricing...

[releasethekraken] 16/1/2023 12:55

Phillis , none as you already know.

[phillis] 16/1/2023 12:53

any payments received recently?

[releasethekraken] 16/1/2023 12:43

August and and September invoices, for Shamaran, Genel ,gkp,And presumably DNO , all overdue..Coupled withe the change to Kurdistan Blend lifting agreements....So be interesting to hear what Genel say..It's possible this is a positive as could be linked to Baghdad recognising legitimacy of PSC , quid pro quo , Kurds aligning with SOMO pricing...

[geckotheglorious] 16/1/2023 12:32

"Be interesting particularly regards all Kurd oilers not being paid currently"

Ah didn't notice this.
Last payments:

Genel
1st Dec'22:-"Receipt of payments for KRI Oil Sales in JULY 2022

5 months behind

GKP
11th Nov'22:-"Shaikan Payment Update for July"
A gross payment of $57.7 million ($45.3 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during July 2022.




No payments for GKP since 11th November.
Now 16th January -that's another two months slippage.

Kurds, Iraqis simply cant be trusted to pay up it seems. The in arrears keeps slipping.

And yet no RNS /News announcement from GKP. Where's the December payment, let alone the January one now overdue. Ditto for Genel

[releasethekraken] 16/1/2023 11:56

Be interesting particularly regards all Kurd oilers not being paid currently and the change to Kurdish Blend let alone anything else

[jc_123] 16/1/2023 11:04

i'm not holding my breath...

[releasethekraken] 16/1/2023 09:40

Update tomorrow

[losses] 12/1/2023 20:17

Just added more today at these levels.

[losses] 12/1/2023 20:16

They have loads of cash and pay a hefty divi.. so keep collecting the dividends until the management get their finger out and spend the stash on something profitable.

[wolfofhounslow] 12/1/2023 15:51

Management can't be trusted

[arja] 12/1/2023 11:29

chart shows strong support at ths 122 level where is has been a number of times but seems it could hang about at this level for a while . With this stock, I would worry about the management as I seem to remember being suspicious about their aims and integrity when it floated in about 2014 I think

[losses] 11/1/2023 15:44

What's going on price dropping really low but unable to buy even a few shares! There's no stock so looks like MMs are trying to accumulate stock.. so only want you to sell

[gregpeck7] 10/1/2023 10:20

Shambles this mgmt.

[bondholder] 06/1/2023 11:50

Fingers crossed the management have not spent our equity on another failing adventure.

[erbullion] 06/1/2023 09:21

Trading update 17th January