Genel Energy Share Discussion Threads

[ohdearohdearohdear] 15/8/2016 14:52

You don't believe everything a poster writes on here do you Cyan :-)

I don't believe a word of what you write - I have noticed you around various bb's.

But POO WILL drop into the 30's. Genel WILL test the 70's again. Within two weeks.

[cyan] 15/8/2016 14:48

Amazing !. A new poster turns up commenting on the best time to buy GENL after this incredible GKP post;

ohdearohdearohdear 18 Mar'16 - 19:11 - 474996 of 510866 1 1
Oilman.

I have registered on this site to ask you a question. I am a long term holder of many years and an average of well in excess of 100p.

For the first time I am very concerned about my investment. Could I please ask for your current view of the situation?

Thank-you.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

"For the first time I am very concerned about my investment".

You are in GKP that deep and it took you until March to get concerned!

[pogue] 15/8/2016 14:45

Yup the price of oil rests with Putin. If he starts a proper war in Ukraine or agrees and actually cuts production. Either is possible.

[ohdearohdearohdear] 15/8/2016 14:31

Genel will be a good buy once POO has hit mid to high 30's in a couple of weeks time.

[cyan] 15/8/2016 13:48

Good afternoon pogue.
Its difficult , in my view, to see a comprehensive and successful production agreement.
Yes. the Saudi's would like, actually NEED, a rise in POO but they are not in control.
They aggressively undercut POO in their failed attempt to destroy US shale.
They started the slide and now they can not arrest it.
The boots on the other foot now as their arch enemy , Iran , undercuts them.
Venezuela is in a desperate way so its no surprise they are flying all over the world seeking coordinated actions.
I wish them luck with the Russians who have a terrible record in 'honouring' production agreements, and anything else for that matter.
For near term sharp price action with POO ,i fear we have to look to the skies for another flock of 'black swans'
Maybe Mr Putin will blacken the skies.

Brent $47.33

[seball] 15/8/2016 13:45

Genel undervalued and is my pick in the sector to rerate the most on oil price recovery.

[pogue] 15/8/2016 13:25

I agree with you Cyan, I presume you agree with the link you posted its just OPEC talking up the market. Odd how GENL is not tracking the oil price though.

[cyan] 15/8/2016 10:54

Good morning GRSL.
I do not read 'British bulls'. Not likely to after I saw a posting about them tipping ,not long before de-listing ,that POS & Chrisoil 'investment' ,Sefton Resources (SER).

[cyan] 15/8/2016 10:49

"Oil Rises to Three-Week High on OPEC Supply Freeze Speculation"



Brent $46.93 now

[newswseller] 15/8/2016 08:56

Seriously lagging behind all other oilers now, screwed ones such as PMO, IAE racing ahead

[grsl] 15/8/2016 00:38

British bulls have a buy signal....... you can also clearly see the 178.1 buy last week on their chart

[golfhelicopter12345] 14/8/2016 17:08

Last time Brent traded at $47.25, GENL stood at 116.5p.

Expecting a positive start to the week on that basis alone.

[cyan] 13/8/2016 09:14

I do not see £10 soon especially after the reserves downgrade. However, in 4 or 5 years we may see those gas fields adding serious value. The world is an uncertain place and one must expect the unexpected, but, i think £3-4 in 4 years should be easily achievable .

I note Brent has been rising very steadily over last few days; will start the week at $47.16

[grsl] 13/8/2016 01:21

Someone doesn't buy £1.3 mln worth of shares at a near 80% premium for no reason.

[grsl] 13/8/2016 00:57

Sentiment also drove this down along with the missed payments, oil price, oil glut, ISIL etc but Sentiment will also drive this up.......patience is the key here only 7 weeks to the end of September.

[markth126] 12/8/2016 23:21

Yes but wasn't the fall due to reductions in reserves and wasn't the £10 start a tad high to begin with!!! I hope you right as that would be happy days

[nodoe] 12/8/2016 21:19

They've come down from 10....so a rise to 3/4 could be an easy retrace!

[markth126] 12/8/2016 20:34

Do you really think that this can go up to 3-4 quid? Got 50000 of these so that would be some rise! Happy days

[cyan] 12/8/2016 17:12

Like your Style golf. It would be nice to see our share rocket!

Blue touch paper time?

Putin likes rockets too;

Ukraine Crimea: Russia sends new air defence missiles

[golfhelicopter12345] 12/8/2016 17:07

I'm going to revise my +75p comment.

$400m due /1.30 (exchage rate) is £307m. Divide this by shares in issue (249m) and you get 123p per share. At present, the market is questionning whether all of that would be paid, so attributing little value.

If the $400m was paid, it was also transform the risk premium for operating in Kurdistan and allow GENL to re-rate towards a conventionaly O&G valuation. Balance sheet is worth £2.5bn or c. £10 a share.

Immediate upside of c. 100p and then re-rate to north of 350/400p?

Time for a Pint!

[grsl] 12/8/2016 16:08

I only just found it today, and haven't seen it posted anywhere before, it's been bugging me all week why someone would buy £1.3mln Genel shares at 178.1, maybe just maybe that's the reason.

[golfhelicopter12345] 12/8/2016 15:50

@GRSL

That post is a month old now.

GENL owed $400m
GKP owed less than $100m

Would make a huge difference to the GENL share price were it to happen (my estimate + 75p) but I just can't see it, sadly.

[grsl] 12/8/2016 15:35

Tuesday buy of 767,640 @ 178.1, can anyone explain this, I've not seen any cancellations for that trade?