Genel Energy Share Discussion Threads

[stansmith3] 28/7/2016 12:13

genl is only down twice as much as its debt ridden peers if you count the 5% rise due to traders having advance notice of the recent payment the previous daythey have now left...

[grsl] 28/7/2016 12:12

Here we are with a market cap 50M less than cash with 2.5Bn assets completely ignored, bottom fishers will be here soon and the shorts will be burning.

[grsl] 28/7/2016 12:09

Alem54 thanks I was just checking the correct amount owed and got distracted thanks for confirming.

[orinocor] 28/7/2016 12:02

GENL down twice as much as other oil companies. Now 93.5p

A blind man can see what's happening here. Genel pay us for current production and we invest that back in KRG as capital expenditure. We've enough left over to pay the running costs and the coupon on the bonds. Meanwhile lets forget about the $370M they currently owe us.

[cyan] 28/7/2016 11:58

Hi nodoe. Would be nice to revisit 100p by end of the day but probably unlikely.

The world's nuts as usual with GKP up! Would you Adam and Eve it?

Malcy on POO and GENL today, ummmm.




Keep looking long term imo. GENL will survive and ultimately prosper. If you want to see real carnage; keep following GKP and XEL.

Brent now $43.17

[alem54] 28/7/2016 11:56

'But with $407M cash the net debt is $237M against $2,572.6M net assets'

I think you forgot the amount owed from the KRG - $412 million!

[nodoe] 28/7/2016 11:51

Yes, there is, but add the $400 odd cash also, we would be in a cash rich position!!!! Also the debt not repayable until mid 2019!!
Can see no reason why this is dropping, it is all the mm's frightening the pi's out of shares....my guess is we'll be back near a pound at the end of the day.

[cyan] 28/7/2016 11:48

Imo GENL's fall has much more to do with POO than anything unknown bad news. That brief fall below $43 was unpleasant . Brent now $43.20.

Looking at the latest report the really interesting/exciting story is the steady progress towards development of the enormous gas assets.

Those looking for, or predicting another GKP style disaster had better look elsewhere.

Genel's bonds had a much lower percentage coupon on them compared to GKP; almost half, and GENL has a lot of cash anyway.
Patience required.

[grsl] 28/7/2016 11:48

But with $407M cash the net debt is $237M against $2,572.6M net assets

[alem54] 28/7/2016 11:45

Debt which is due in 3 years time and is very much maneagable and could then be renewed for another decade? The price of oil may be down in the short term but I cannot see it remaining at these levels for a long period.

Plus they also have 406.5 million in cash!!

[swiftnick] 28/7/2016 11:35

Yes, but there is also the small matter of $643.3m of debt...

[stansmith3] 28/7/2016 11:22

grslfunnily enough the poo will also be 6 bucks higher at that pointplease give the manipulation theories a miss

[grsl] 28/7/2016 11:19

When the price gets to 98 to sell they start selling their 5K and 2K5 tranches forcing the price down again and scaring genuine PI's out of their holdings where they start buying to sell again at a small increase, as I said it's been going on for days. On the other hand when he/they decide to bring the price back up to 140 it will happen fast and there will be a lot of PI's feeling mugged.

[grsl] 28/7/2016 11:08

watch him/them right now buying back at 95.25 all the sells they made earlier at 98, it's been going on for days now.

[valhalla3] 28/7/2016 11:06

Looks like.We're heading south again, the fall isn't all down to poo imo

[grsl] 28/7/2016 11:02

Share price here is being trashed by a shorter or shorting syndicate, yesterday he/they had changed their mind and were going to bring the price back up, but were waiting for confirmation from the EIA report which put a stop to it. The shorters are using the oil price decline and the situation in Turkey to unnerve investors. The oil price will turn back up when I don’t know but would expect soon. The results are in line and production guidance maintained so no nasty or great surprises but the drop here from 140 on 1st July is overdone, patience is the key as the bounce back up could be fast.

[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.