Genel Energy Share Discussion Threads

[losses] 07/3/2024 16:51

htTps://shafaq.com/en/Kurdistan/KRG-Minister-supports-resuming-oil-exports-via-SOMO-after-Paris-Arbitration-decision

[justiceforthemany] 07/3/2024 16:19

Production cost agreed?

[kris akabusi] 07/3/2024 13:55

Creepage leads to boomage

[greengremlin] 05/3/2024 16:50

Quiet on here

[maxplus2] 01/3/2024 10:10

But shareholders won't know the outcome immediately

[hangthedj] 01/3/2024 09:00

Final day of 2 week arbitration case.

[bri15] 29/2/2024 14:32

Vrci is going to multi bag,soon.

[geckotheglorious] 29/2/2024 14:31

The Kurds dont have any money because Iraq hasnt consistently paid them their budget share for yeaars...

[justiceforthemany] 29/2/2024 13:17

Apikur playing hard ball.
US will stop the billions in aid they give to Iraq unless ITP exports resume.
Sudani would have to be even more stupid than he seems to not agree to this.

[phillis] 29/2/2024 09:30

Only that the Kurds don’t have any money to pay damages if they lose

[kris akabusi] 28/2/2024 16:52

Anyone heard anything re arbitration?

[losses] 27/2/2024 15:35

We are net cash not in debt.

[officerdigby] 27/2/2024 15:13

To the point:"..Genel will continue to review allocating capital towards the reduction of debt at opportunistic prices, while not materially impacting the availability of capital for the addition of new cash-generative assets.. "

[officerdigby] 27/2/2024 15:09

They are net cash to approx $120m..Keeping bond debt for strategic reasons (I think).Costs (I'm not sure) $10-20m a year.Bought a chunk back recently at 93% on $Now is ~$248m?

[shareho1der] 27/2/2024 14:15

It is the huge debt that is weighing down this Company compared to GKP which is debt-free.

[midasx] 27/2/2024 12:37

Arbitration hearing over half way through. Someone knows how things are progressing!
Substantial damage award would be very welcome as per the $2.4 billion awarded to Dana v KRG in 2017.

[worldquant] 27/2/2024 09:39

Russian are in a hurry, they own half the pipeline and bought 5 blocks in Kurdistan few years back

[losses] 26/2/2024 19:11

From what I've heard the Turks are in no hurry as they get plenty of Russian oil.

[justiceforthemany] 26/2/2024 17:38

Erdogan visiting Kurdistan next month. Oil resumption is part of the agenda.

[neilyb675] 26/2/2024 14:06

82.60 - 82.90 (GBX) at 14:05:45
on Market (LSE)

[ozzmosiz] 25/2/2024 17:06

Lies. Filtered

[s34icknote] 24/2/2024 09:54

The Federal Supreme Court in Baghdad has ordered the Kurdistan Regional Government (KRG) to relinquish all oil and non-oil revenue to the Iraqi Federal government, amid the ongoing dispute between Baghdad and Erbil over the latter's unilateral oil operations and separate contracts with foreign oil companies. Baghdad has invalidated oil company contracts with the KRG and is not honoring them in the "transfer" to federal hands. In other words, Baghdad is trying to renegotiate these contracts in its favor and from a clear position of leverage. But the latest move this week is the most significant one yet, with Baghdad effectively seeking to take control of the KRG's finances completely-not just oil revenue.

[justiceforthemany] 22/2/2024 14:40

Not another pump and dump surely? WTF.