Genel Energy Share Discussion Threads

[cyan] 03/8/2016 09:48

"Oil Bulls Have Some Comfort on the Way: Citi"



Brent $42.02

[fangorn2] 03/8/2016 08:40

I'd be more worried about the absence of regular payments mywself..

We're still waiting for June's "tawke" oil export payment,and it's now 3rd August.

So we've slipped from first 10 of following month, to end of following month, to who knows when.

Result - sentiment destroyed. Good effort all concerned.What a farce here and at GKP

[ny boy] 03/8/2016 07:53

The U.S. bank said the global economic outlook was also weak, potentially hitting fuel demand. "We expect global growth to move below consensus estimates," Morgan Stanley said.

Oil markets have been dogged by oversupply that started in the crude sector more than two years ago and which has since spread to refined products, leaving storage tanks filled to the brink, and unsold fuel stored on ships.

[ozzmosiz] 03/8/2016 07:19

Fibs = lies

[sparky333] 03/8/2016 04:59

NY boy wtf are you smoking dude

[ny boy] 02/8/2016 17:41

Fibs for WTI are

$38.84
$35.81

[ny boy] 02/8/2016 17:38

Another lethal dead cat bounce for crude, down again, looks set to test mid $30's soon.

You need a deadly hurricane to save the day, say the worst on record, it's August, renowned for the odd deadly one slamming to the Gulf of Mexico.

[cyan] 02/8/2016 16:36

"Crude Oil May Rebound to $57 Next Year, Analysts Say"



Extract;

Yet, with oil companies’ capital expenditure reductions set to reach $1 trillion by 2020, Simon Flowers, the Edinburgh-based chief analyst at Wood Mackenzie Ltd., said there’s a "ticking time bomb" that will eventually push prices higher. Such reductions may even push demand above supply as early as the end of this year, said Hans Van Cleef, an ABN Amro energy economist.
The lack of investment “will have a big impact on global supply," said Van Cleef, who forecast Brent will reach $70 next year. As soon as the market realizes there isn’t an oversupply and that a shortage is imminent, “that should give a huge boost to oil prices,” he said.
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Brent did climb over the $43 threshold but has now slid again; now at $41.82.
Very volatile

[cyan] 02/8/2016 12:29

Brent $42.88. Would be great to break $43 today.

[bidmsa] 02/8/2016 10:39

WILL SEE HOW PIPELINE AND GAS TALKS PROGRESS BY THE END OF THE YEAR.

[cyan] 02/8/2016 10:32

What did i say; when 'upwego' starts posting here, up we go!

Brent now $42.54

[doshdabbler] 02/8/2016 09:37

Bought a bunch. I reckon a T/O is not out of the question here.

[marvelman] 02/8/2016 09:31

...and do not loose track of this important Turkish interest in the company. They could up their stake at any time at these low levels and perhaps do even more.

www.naturalgaseurope.com/turkeys-bilgin-acquired-10.5-stake-in-genel-energy-29205

[ozzmosiz] 02/8/2016 09:20

Lots of sells creeping through but price is firm at 92

[sparky333] 02/8/2016 09:18

This POO fluctuations is doing serious damage to the long term supply. Why?Because for 2 years investment has been zero and wells are starting to creak, exploration is weak and now with a falling POO again confidence will be shattered again by the industry.The long term effects of this will take years if not decades to recover and will send POO to all time highs in the future as consumption out strips supply by significant margins for years to come. Give it six months and watch the worm dramatically turn.Tick tick, tick tock.

[marvelman] 02/8/2016 09:15

"its all gambling anyway it beats going to the bookies"

Now there's a breath of fresh air. Dead right Lintons.We are all in the hands of the booky market makers in this type of share and yes it does beat putting it on a horse to make money (just). Regards.

Edit....but at least we know it is.

[amaretto] 02/8/2016 08:57

I agree it's got long term value but in the short term I notice that the short interest has increased over the last day or so to 1.9%.

Also as I type Brent is below $42....just.

As per Hawkey, I think it'll get worse before it gets better.

[linton5] 02/8/2016 08:57

I see were your coming from mm lol,hawk just seems to talk more sense and has got logic(wrong or right )who knows.its all gambling anyway it beats going to the bookies anyway. There's more numpties like Stan about though

[marvelman] 02/8/2016 08:50

....you mean the ones that agree with you....well I agree with him and you so I must be very very sensible -))

[linton5] 02/8/2016 08:38

Yip with you Hawkeyes on all that so I've just purchased Good luck,nice to know there some sensible guys out and about 😉

[hawkey2] 02/8/2016 08:26

So heres Hawkeys early morning ramblings for Tuesday......

I think we have a number of things against us at the moment. For a start we have the worldwide oil glut. Its taking longer than people thought for this to rebalance but ultimately it will happen and when it does oil could easily hit 80$ late next year 2018.

We are constantly hearing of production increases and Iran has come back online and ugly increasing output makes things worse. Syria and Nigeria could make things worse. I personally see things getting worse before they get better and can see oil around 36-38$ unfortunately.

The markets are driven by sentiment and this doesn't help as the shorters seem to be running the show and are certainly having an effect on Genel. The overall market has also risen far to quickly so is likely to see a drop and this will likely effect us.

Company specific we have GKP, ISIL, Gas delays, Payment issues.

However.........and you knew it was coming.............

The company is crazily priced at below cash, has 2.5 Billion worth of assets, long term huge Gas project, very low debt, cash in bank to weather the storm, ongoing drilling and production increases, Lowest drilling cost in world and is break even at 20$.

Im also encouraged by the largest ever amount of entrants in our comp which sounds stupid but does show a real interest in Genel. Herd mentality rules the stock market.

So for me its........BUY BUY BUY.....

Hawkey The Analysist.................... (sorry going now..............Taxi for Hawkey please)

Have a great day all.....Live, Love Laugh

[linton5] 02/8/2016 07:41

Well I'm ready to be sucked in again this has been good to me twice purchased 73 sold 93 purchased 84 sold 128. Oil getting ready to rally soon

[stansmith3] 02/8/2016 07:04

cyanyeah maybe ny and up the same guygotta feel sorry for his folks after what he put them through

[ny boy] 02/8/2016 00:02

The truth is mugs keep getting sucked in on each dead cat bounce since 1000p+ current price under 100p, go figure!