Genel Energy Share Discussion Threads

[mr roper] 04/8/2016 19:56

which part of the last post is incorrect?

[cyan] 04/8/2016 18:59

Would be an extraordinarily brave move to short this sub one pound imo.
On a very much more positive note; Brent is on steroids this evening; now $44.17!

[robbiekeane] 04/8/2016 15:06

What will be the payment mechanism for the gas exported to Turkey in the next couple of years? Please don't tell me it's going through the KRG....

[tsmith2] 04/8/2016 15:05

Payment receipt I would expect is imminent?

[cyan] 04/8/2016 12:20

Malcy on POO;



Brent improving now $42.78

[cyan] 04/8/2016 12:00

Oh dear orinocor!. GENL got a payment agreement on the back of their threat to stop development drilling with production decline and falling revenues a serious weapon. After agreement signed we agreed to resume capex.
Playing hardball.

Brent $42.60

[ozzmosiz] 04/8/2016 11:55

> If KRG just decide to stop paying what can GENL do

Destroy the wells.

[orinocor] 04/8/2016 11:51

Well I've sold down a lot here but kept 5,000 shares. GENL paying a $100M in capex this year was the last straw. The bottom line is there is no guarantee they will get paid for the oil produced. If KRG just decide to stop paying what can GENL do? Well they can bend over as they have been doing for the last few years but not much else.

This company has no control and is not independent. It cannot threaten KRG with anything. What can they threaten? To walk away. KRG will just wave bye-bye and take over the oil fields. All in all this is a disaster and it could end up like GKP in a couple of years. With all the capex GENL are spending they will be in a bad spot in a couple of years when the bondholders want paid.

[doshdabbler] 04/8/2016 09:52

Makes sense to me, but would prefer a US/Chinese swoop.

Something will happen soon. The IMF loan is the catalyst

[sparky333] 04/8/2016 09:39

DNO / GENEL merger ?

[dodge meister] 04/8/2016 09:00

The fall in production resumes:

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

[hawkey2] 04/8/2016 08:23

Oil seems to be a bit happier today.

So many conflicting articles around. For sure investment is down billions which at some stage will have an impact and contrary to believe shale and USA production lessens every day. Im hoping we will stay in 45$ territory until end of year and then kick on.

hxxp://oilprice.com/Energy/Oil-Prices/Why-The-Bear-Market-Could-Be-Over-In-A-Flash.html

[wantmorethan24p] 03/8/2016 21:29

good post klassic.wander if the bond holders will win here.
at least we have 2 years grace and the gas project as well.

[cyan] 03/8/2016 20:09

As I type Brent is $43.16. Looks very good for tomorrow as we closely follow POO.

As for cash in hands not covering the debts; that's a very negative way of viewing the position.
If one assumes that GENL is not paid ANYTHING for the next THREE years then there is a shortfall .
Payments have been erratic in timing, BUT, they have been consistently paid.
Even with the distressed POO the current income stream more than covers all costs and coupon payments.

[klassic] 03/8/2016 19:23

I've just skimmed the GKP poster's link above. It's very sad but basically the problem is that the company borrowed heavily and then it's income dried up when the KRG went curly on it's bills. Other IOC's like Genl, Dana and DNO also feel the pain.
It's why retail investors should stick to a basket of blue chips and leave serious risk taking to the professionals who know how to handle the risks.
Having said that, Genl's debt remains manageable, for now, but it's cash in hand isn't enough to cover it's debts. That's why some of us are so concerned about the missed Tawke payment. If this is a re-run of the 2015 payment starvation, then the company is screwed and will ultimately fall into the hands of the bond holders. If something else is going on (which I doubt) the company should say something.

[w1ndjammer] 03/8/2016 18:25

Thanks Cyan you must be feeling lucky...............


WJ.

[cyan] 03/8/2016 15:54

There are two price movers that could help lift us further in the near future; the late payment and the inventory numbers. I am betting on two positives. Hope i am right.

Brent better at $42.43

[cyan] 03/8/2016 13:51

Have sent you a pm W1NDJAMMER

[markth126] 03/8/2016 13:32

Another 20k bought at 92, will look cheap by turn of the year in my opinion!

[w1ndjammer] 03/8/2016 13:24

back in town for a few days, what`s the back in price here, will mean me selling HUR and STAF to buy back my original stake here so tough decision
does anyone think we will see high 70`s with further falls on POO

WJ.

[cyan] 03/8/2016 12:26

Malcy is positive on POO today



Brent $41.93