Genel Energy Share Discussion Threads

[last of the mohicans] 20/12/2023 16:41

Sadly very little trading in the afternoon

Never got near the 80p mark.

Both had poor closing auction prices & Genel under performed GKP by 4.3%

Well maybe tomorrow will be different!

GLA
LOTM

[last of the mohicans] 20/12/2023 14:18

s34icknote

Yes GKP is motoring ahead alright.

Genel are underperforming by 5% right now which is just plain crazy in itself.

Still think we will get to 80p today

GLA
LOTM

[s34icknote] 20/12/2023 12:25

Gkp motoring

[last of the mohicans] 20/12/2023 11:59

I'm predicting we're going above 80p at some point this afternoon

GLA
LOTM

[last of the mohicans] 19/12/2023 16:16

damn bots won't come & play :(

If one of them had been half awake we would already be at 77p :(

Who knows maybe we'll get real action from them in the last 5 mins to set things up for tomorrow morning.

GLA
LOTM

[s34icknote] 19/12/2023 15:43

Let's remember the 3 million pound director purchase at 82p

[s34icknote] 19/12/2023 15:42

Looking strong .They are more than breaking even so cash staying intact till pipe line opens !

[losses] 19/12/2023 14:56

Back to being interesting again.. bought a few in the 60s. Let's see how far we get this time..

[kris akabusi] 19/12/2023 13:59

QUBE appear to have closed/reduced their GKP short position

[last of the mohicans] 19/12/2023 13:01

Could be an interesting afternoon if that premium on the 26.9K trade is anything to go by.

Just waiting to see if the bots are truly coming to play this afternoon or are just teasing us with minor action.

GLA
LOTM

[last of the mohicans] 19/12/2023 12:35

Hi Martym,

Have you tried buying any volume today ?

If you have you'll see the premium they want for 10,000 shares!

----------------

Worth noting the price of the Genel bonds has increased, company might be spending that extra cash buying them in from the market & thus reducing future interest costs.

LOTM

[maxplus2] 19/12/2023 10:08

https://www.upstreamonline.com/production/norwegian-operator-s-growing-optimism-for-iraqi-kurdistan-prospects/2-1-1572825

[maxplus2] 19/12/2023 10:05

https://www.dno.no/en/investors/announcements/dno-kurdistan-production-continues-to-climb-2023-12-19/Today News from DNO

[last of the mohicans] 19/12/2023 08:43

Very surprised that DNO didn't give a further update on what's happening with regard to the overdue amounts.

They managed to get back $8M in October (which meant around $2.9M to Genel)

Never the less the bank balance is growing & its obvious they are the ones pushing GKP out of the market due to the better quality of the oil which is easier for the refineries to process.

GLA
LOTM

[martym] 19/12/2023 08:12

Damp squib

[s34icknote] 19/12/2023 07:52

Pinching sales from Gkp

[andy scrimgeour] 19/12/2023 07:08

Happy with that. 8.2 mill in October, nearer 10 in December on 4 mill costs.
Wait to you see, it will mean a good day for gkp..😆

[milliecusto] 19/12/2023 07:05

Good Rns, income improving, should see a now more sensible Share prices

[losses] 18/12/2023 22:21

Guaranteed won't happen in 2023.

[maxplus2] 18/12/2023 20:57

I'll believe when it happens. Right now, it's just noise and no action

[milliecusto] 18/12/2023 20:05

From LseCould restart in 3 daysraq Considers Budget Change to Restart Oil Flow From KurdistanBy Charles Kennedy - Dec 15, 2023, 2:36 AM CSTIraq’s government is studying options for amending its budget in order to be able to pay foreign companies operating oil fields in Kurdistan in a bid to restart the flow of oil from the northern semi-autonomous region.“We are discussing the draft amendment of the relevant article along with the parliamentary financial committee,â€? Prime Minister Shia al-Sudani told Bloomberg, adding that companies operating in Kurdistan “are waiting for the amendment to be done on this article in order to be able to pay for the production cost.â€?Iraq is currently exporting oil only via its southern oil export terminals, with around 450,000 bpd of exports from the northern fields in Kurdistan shut in since March due to a dispute over who should authorize the Kurdish exports.Brazil Won’t Cap Its Oil Production Despite Joining OPEC+ GroupBrazil Won’t Cap Its Oil Production Despite Joining OPEC+ GroupThe impasse followed an International Chamber of Commerce ruling in a dispute between Turkey and Iraq regarding Kurdistan oil. The ICC ruled in favor of Iraq, which had argued that Turkey should not allow Kurdish oil exports via the Iraq-Turkey pipeline and the Turkish port of Ceyhan without approval from the federal government of Iraq.Since then, attempts have been made to resume exports by finding some common ground for organizing the approval process but none has produced an actual result. Technically, Kurdish oil flows to Turkey should be able to resume since Turkey reopened the pipeline earlier in October. Despite this, there has been no forward movement and the real struggle now remains between the Iraqi federal government and the Kurdistan Regional Government.Last month, hopes about a deal were renewed when Iraq’s oil minister Hayan Abdel-Ghani visited Erbil to discuss the matter with the Kurdistan Regional Government. "First step is to agree with the region and companies on adjusting their existing contracts to be consistent with Iraq's constitution. We could reach a deal in three days," Abdel-Ghani said at the time.By Charles Kennedy for Oilprice.com

[last of the mohicans] 18/12/2023 13:32

BP just stopped using the Red Sea for shipments.

The importance of the pipeline just went up a few notches.

GLA

LOTM

[milliecusto] 18/12/2023 13:30

Too much oil disruption happening, won't be this low for this long

[losses] 16/12/2023 14:39

All smoke and mirrors since March.

[kris akabusi] 16/12/2023 12:21

https://oilprice.com/Latest-Energy-News/World-News/Iraq-Considers-Budget-Change-to-Restart-Oil-Flow-From-Kurdistan.html3 days, ?