Genel Energy Share Discussion Threads

[redhammy] 28/7/2016 11:00

Have you thought about offering your services as an advisor? I'm sure they hadn't thought of asking for more money.

[orinocor] 28/7/2016 10:42

KRG: Genel can you do something for us?

Genel: Yes what's that?

KRG: Bend over.

Genel: Sure, glad to.

[orinocor] 28/7/2016 10:40

In freefall now. Tanking more than its peers.

GENEL need to demand a bigger percentage of oil revenues now. Tell KRG we ain't spending another penny in this god-forsaken hell hole until you pay what you owe us.

[ny boy] 28/7/2016 10:37

Tiddler compared to the majors, no one will bid for these, the big players just wait until they go under, then buy what's worth buying for pennies in the £ ..it's brutal out there, only the strong will survive, global recessions coming up too. Shareholders end up with nothing, which happens often.

[golfhelicopter12345] 28/7/2016 10:27

At 97p, market cap still c. £265m so no tiddler despite share price slump.

[ny boy] 28/7/2016 10:22

Heading for a big slide if crude fails to hold @41.75

Needs to hold 100p too

[orinocor] 28/7/2016 10:14

So GENEL have ear-marked $100M capital expenditure, mostly Tawke and Taq Taq, for 2016. The KRG can't believe their luck because they still owe GENEL $370M!
Talk about gullable, the KRG must be laughing their heads off.

The demise of GKP is probably due to a multitude of factors such as the oil price and being over-geared but the KRG had a big hand in what happened to GKP. Shameful.

[golfhelicopter12345] 28/7/2016 10:03

Cyan, I would agree.

Weak oil and I couldn't see anything to get too carried away with in the figures (in truth, nothing overtly worrying either).

Need to find a level and then rebuild. Will be watching out for broker notes now but can't see too much change in sentiment or price targets ither than marking the price of oil to market.

[cyan] 28/7/2016 09:59

All things considered GENL has performed well this morning, so far. Brent is very weak at $43.33.
Here is the latest EIA report with lots to digest. The easiest to get a handle on are the crude stocks;

07/22/16 Week Year Crude oil 521.1m up 1.7m in the week ; which is 61.5m up on a year ago

[bulltradept] 28/7/2016 07:57

Not sure about that.

[withoutt] 28/7/2016 07:46

I know we knew most of what's in the latest RNS, but that won't stop the markets hitting this for six again.gla.

[wantmorethan24p] 27/7/2016 16:41

thats one RNS .another 1 is due.

[cyan] 27/7/2016 14:45

Money!



extract;

Genel's net share of the payment is $13.70 million.

The payment reflects full settlement of the invoiced amount for June 2016 oil sales, and incorporates $20.82 million towards contractor monthly entitlement and $4.09 million towards recovery of historical receivables.

[cyan] 27/7/2016 11:43

Good morning champnchip.
If you have bought in recently you have done well, imo . As for the higher prices GENL has seen; very good for those that bought and sold at the right times. I have no complaints as this is the one oiler I have done well out of. Plenty of other disasters to my name though! lol.

Brent $44.33

[wantmorethan24p] 27/7/2016 11:16

expect a payment RNS soon.

[owencoffin] 27/7/2016 10:50

good morning cyan. they are , at least the shareholders are. the bod ,past and present have been paid very well and they created jobs and training for a kurd workforce.

[champnchip] 27/7/2016 10:45

'Time to be very grateful you invested in GENL'

lol. genel have been on the downtrend skislope from the day it listed, save for a brief move to £11. I doubt any of their investors are grateful. (apart from sepil and the ones who got free shares.)

[cyan] 27/7/2016 10:24

Good morning owencoffin.
GKP are in a right mess. They have had to give up 3 of their 4 blocks and Algeria is history.






Time to be very grateful you invested in GENL.

If only Brent would pick up a bit; now $44.42

[alem54] 27/7/2016 09:58

so what is making it climb today - news of payment or this? hxxp://rudaw.net/english/middleeast/iraq/27072016

[owencoffin] 26/7/2016 23:51

cyan
26 Jul'16 - 22:57 - 9341 of 9343
'There's big money to be made, in the future, from those gigantic gas reserves. There is not any 'comparison' to GKP , end of'
---------------------------------------
don't gkp also have gigantic gas reserves in shaikan.( and gigantic gas reserves left abandoned in Algeria, where everyone also said there was 'big money to be made')

[owencoffin] 26/7/2016 23:46

Mr Roper
26 Jul'16 - 21:19 - 9339 of 9341 1 1


genl look like gkp but 18mths behind..



orinocor
26 Jul'16 - 21:33 - 9340 of 9341 1 0


not even close





-------------------------
they've lost 90% of their flotation price in five years. gkp floated at about 60p. so close enough.

[cyan] 26/7/2016 22:57

GENL are in this region because of the huge reserves . Yes the politics have been difficult but there is hope. Basically the KRG were given an ultimatum regarding payments if they wanted drilling to continue and production to rise.

An agreement was completed which included addressing the huge outstanding debt owed to us.

There's big money to be made, in the future, from those gigantic gas reserves. There is not any 'comparison' to GKP , end of.

[orinocor] 26/7/2016 21:33

not even close

[mr roper] 26/7/2016 21:19

genl look like gkp but 18mths behind..