Genel Energy Share Discussion Threads

[valhalla3] 05/7/2016 18:33

Lol, I know what you mean cyan 're following Brent, if Brent falls, it just represents a buying opportunity for me.

[cyan] 05/7/2016 16:02

Good afternoon valhalla3.
Its just that our share price movement almost invariably follows Brent's price. Its how the market is presently valuing our company and not really surprising as we do pump a lot.

Oh NO! Brent now $47.92; panic stations ! lol

[valhalla3] 05/7/2016 15:56

Cyan you're obsessed with Brent! Lol

[cyan] 05/7/2016 15:48

Brent's slipping badly, now $48.12 and an ugly looking chart

[cyan] 05/7/2016 09:27

Brent weaker at $48.97.

Worth a read.

"World’s Top Oil Trader Says Prices Won’t Rise Much Further"

[cyan] 04/7/2016 11:29

Malcy on the differing POO signals. Also GKP woes and a fair comment on XEL ; another company under stress.

[cyan] 04/7/2016 09:58

Nigerian troubles.

"Nigerian Oil Militants Claim 5 Attacks in Blow to Cease-Fire"



Brent now $50.59

[bidmsa] 04/7/2016 08:30

The Kurdistan Regional Government (KRG) and Iran are reportedly looking to enter a co-operation deal that would see Kurdish oil exported to Iran.

The two sides are planning to build a pipeline that could transfer as much as 250,000 barrels of oil per day from Kurdistan to Iran, Al Jazeera news network has reported.

A deal has yet to be officially signed, as technical aspects and political implications are still being debated, the Middle East news broadcaster has said.

However, if finalised, the deal will reportedly include exporting both oil and natural gas.

According to reports, Kurdish oil will probably be pumped to Iran from fields in the Sulaimaniya and the Kirkuk regions, although the latter is currently part of an ongoing disputed area between the governments of Iraq and Kurdistan.

No further details have been revealed ahead of an official announcement.

KRG currently has plans to export as much as 20bn cubic metres of natural gas a day to Turkey by the early 2020s.

Reports put Iraqi Kurdistan's gas reserves at around 5.6tn cubic metres.

[bidmsa] 04/7/2016 08:11

£1.79 PRICE TARGET BY BROKER

[cyan] 03/7/2016 10:28

We will start the week with POO strong. Brent at $50.60

Here is a thought provoking article;

"Is America's Thirst for Oil Just an Illusion?"

[cyan] 01/7/2016 14:40

Malcy on events affecting POO and GKP gets another mention.



Brent now $49.70

[cyan] 01/7/2016 11:56

Good morning orinocor . Our share price follows POO very closely.
I suspect there is still a lot of uncertainty as to whether we are on the cusp of recovery, or, as some pessimists foresee , another year of depressed POO.

Personally , after being disappointed too many times before,i still lean on the bear side.
We have had a number of what can be called 'black swan' events which have contributed to lifting our SP; significant outages; for example the Canadian fires.
The black swans can fly away and 'normality' return.

Exchange rates movements can be double edged swords, swings and roundabouts.

As has been stated before , our fortunes will be made from the gas in the longer term.
Brent now $49.50

[orinocor] 01/7/2016 10:52

Surprised these are not a lot higher.
The oil price has effectively gone up 10% the last week with the £/$ exchange rate now just 1.33

[cyan] 30/6/2016 11:48

Good morning jotoha2. Very possible move to over 140p.
The POO has been bouncing around in a relatively narrow range; roughly $48 - $52 for a little while.
We must keep an eye on the rig count and US production numbers. Over $50 and the shale producers will produce again it seems.
Suspect we will be in this POO price range through the summer.
To get our share price really moving will need a definite move over $55 and stay north of it.
Patience required for the best gains imo.

[jotoha2] 30/6/2016 11:11

Will she push through the 140 this time.

[cyan] 30/6/2016 09:25

A very strong POO performance yesterday and today. Brent now $50.94.
A series of favourable events and numbers have combined to lift the price.

A new piece of news that adds to the price support;

page 16 article in the City am newspaper is a worth a read.

"Norway's crude sector threatens strike amid falls"

[bidmsa] 28/6/2016 14:11

Broker Forecast - Goldman Sachs issues a broker note on Genel Energy PLC

Tuesday, June 28, 2016 - 12:10
Goldman Sachs today reaffirms its neutral investment rating on Genel Energy PLC (LON:GENL) and raised its price target to 141.80p (from 113.90p).

[valhalla3] 28/6/2016 12:17

It's all a gamble cyan. Like predicting the wind.

[cyan] 28/6/2016 09:38

Our greater long term prosperity will be based the supply of gas to Turkey for sure.

In the meantime we are buffeted by some uncertainty in the markets which have been rather volatile.

We have had a strong bounce back in the share markets this morning and POO is looking much better with Brent now $48.24.

[bookbroker] 28/6/2016 09:12

It would be nice to see either some corporate action here, or this apparent gas deal signed and sealed!

[bookbroker] 28/6/2016 09:11

I don't see why oil should fall to far, there is Mexican and Canadian oil to come back, however most of the Mid-eastern and Russian production is maxed out, demand should not tank necessarily, you are seeing shoe of the supply/demand imbalance closing currently, although speculators will exploit moves and exaggerate accordingly!

[bookbroker] 28/6/2016 09:11

I don't see why oil should fall to far, there is Mexican and Canadian oil to come back, however most of the Mid-eastern and Russian production is maxed out, demand should not tank necessarily, you are seeing shoe of the supply/demand imbalance closing currently, although speculators will exploit moves and exaggerate accordingly!

[dodge meister] 27/6/2016 21:25

US oil production continuing falling:


hxxps://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&;s=WCRFPUS2&f=W