Genel Energy Share Discussion Threads

[seball] 06/10/2023 08:00

IRAQ AMBASSADOR...

The Ambassador of the Republic of Iraq to Ankara, Mr. Majid Al-Lajmaawi, announced the Turkish side’s approval to immediately resume oil exports from the Iraq-Turkey oil pipeline. This decision follows his meeting with Mr. Alparslan Bayraktar, the Turkish Minister of Energy and Natural Resources, on Wednesday, October 4, 2023. Turkish technical teams have completed the technical and logistical procedures related to resuming the flow of Iraqi oil through the pipeline, and the matter is now in the hands of the Iraqi side.

In response, the Ambassador expressed the appreciation of the Iraqi government and people for this Turkish step and expressed Iraq’s readiness to resume oil exports as soon as possible. He emphasized that the resumption of oil exports would greatly enhance and strengthen Iraqi-Turkish relations in a manner that ensures the mutual interests of the two neighboring countries and achieve sustainable development"

Letters to operacional staff to return to duty: the oil must start flowing next week; there's too much at stake for it not to; the Iraqi government need the revenue and the political issue with Turkey has been resolved. A phone call and the pressing of a button is all that takes to transfer 1 billion. There is too much at stake for it not to happen now. I am in.

[seball] 03/10/2023 21:58

Directors were topping up @ £1.20. These are a steal for those willing to buy and hold imo

[losses] 03/10/2023 20:49

It will be ok once the line opens up... 90p will look like steal!

[filterwest] 03/10/2023 17:36

I was a plonker buying at 90p.

[losses] 03/10/2023 15:39

Same here added a few around 81

[topazfrenzy] 03/10/2023 11:22

Opportunity to top up so I did!

[jedclampitt] 03/10/2023 10:02

3 PDMR went long effective last week tune of 1,200,000.Timing of exercise with inside knowledge saved themselves a lot of tax if they had delayed exercise post export restart announcement Follow them and their money.

[justiceforthemany] 02/10/2023 20:56

3-4% drop in oil price today means there is a real chance finally of this happening. A significant amount of the market cap here is in cash already.

[losses] 02/10/2023 20:12

Looks like people are still wary of the line opening up. Looks like we will have to just wait for the physically opening news to see 30-40% uptick

[johnhemming] 02/10/2023 17:24

>I would have thought bond price moves in the opposite direction to the share price.
Although on the RNS the news is about bonds, in the rest of the world the news (for this stock) is about the reopening of the oil pipeline which was the key issue for this company.

[shareho1der] 02/10/2023 17:00

I would have thought bond price moves in the opposite direction to the share price.

[johnhemming] 02/10/2023 15:50

I would not expect many bond holders to take the opportunity of selling their bonds at a discount now the pipeline is being reopened.

I have not checked the bond prices, but I would have expected them to move up on the news.

[shareho1der] 02/10/2023 14:50

What is the meaning of this bond buyback, is it good or bad news?

[losses] 02/10/2023 10:45

Yeah should be around 130-140 on pipe line opening

[topazfrenzy] 02/10/2023 08:35

Price action on this bond buy back news shows that when pipeline reopens we'd be looking at a 30%+ surge

[blackhorse23] 02/10/2023 08:21

Switching to GATC

[losses] 01/10/2023 21:03

Nothing new they do that every fews to disrupt the extremists there. Iraq is with Turkey and never seems to retaliate

[sbb1x] 01/10/2023 20:53

TURKEY SAYS IT CARRIED OUT AIR STRIKES IN NORTHERN IRAQ, DESTROYED 20 TARGETS OF KURDISH MILITANT GROUP PKK

[topazfrenzy] 27/9/2023 09:51

Let's hope so! I want a special divi too when things get going again lol

[losses] 26/9/2023 21:23

Yes I believe so Topaz... I'm thinking open around 120 from current share price of80

[bondholder] 25/9/2023 13:05

The gas arbitration alone could be worth far more than the market capitalisation today.

[topazfrenzy] 25/9/2023 11:54

Will this shoot up 30-50% once pipeline reopens?

[wewillwin20] 25/9/2023 11:09

Get in crcl quick