Genel Energy Share Discussion Threads

[daniel levi bmd] 19/8/2016 10:19

FYI

Sound Energy Moroccan Gas Discovery "As Big As Belgium?"

Big Money play...

Dan
x

[cyan] 19/8/2016 10:17

Here is a VERY optimistic article;

"Merrill Lynch Expects A 46% Jump In Oil Prices By June 2017"



One lives in hope! I want whatever that author is on, lol

Brent $50.63

[cyan] 19/8/2016 09:59

Oil breaks back through $50 but Opec output-freeze deal ‘highly unlikely’



Brent $50.50

[cyan] 19/8/2016 09:42

Every silver lining has a cloud;

"OPEC Freeze Wouldn’t Be So Potent as Gulf Rivals Pump More"



Brent $50.45

[golfhelicopter12345] 19/8/2016 08:24

Brent still over $50 and very minimal upside at GENL.

So much positive news developing.

These could snap higher very quickly when folks catch on.

[cyan] 18/8/2016 21:12

There is a logic in the article; that there may well be another interested party. The suspect list could be quite large and I am intrigued as to why the author highlighted GENL.
In the recent past , I read that there had been 18 companies looking over GKP but none made any acceptable offer.
Not too long before any other party will have to emerge from the shadows. Fascinating situation.
I compare GKP's position with XEL. The clock is ticking there but no offer has emerged. It seems there is a serious risk that XEL is the next AFR. You would not think it if you read all the BB's; especially LSE!

Brent $50.83 as i write

[golfhelicopter12345] 18/8/2016 21:03

Taking on GKP would transform the reserves position but I would rather they did not get into a bidding war. DNO Offer looks quite rich already.

[cyan] 18/8/2016 17:44

I really would have expected GENL to be around 120p with Brent now $50.74. Is there so little faith in this POO holding?

Here is an interesting very speculative article where GENL gets mentioned as an example of another company interested in GKP. Ummmmm , VERY speculative.

Is that credible? Is our lagging performance linked to some suspecting GENL has a GKP plan?
Wild speculation on my part.

[seball] 18/8/2016 16:39

This share is a coiled spring. This will bounce higher tommorow. Oil price looking very strong.

[cyan] 18/8/2016 15:54

Brent appears to have made a decisive move above $50; Brent now $50.40

[sago2] 18/8/2016 15:47

Move POO on the up genel waiting for a miracle. Should pop soon

[dodge meister] 18/8/2016 15:30

Interesting, DNO market cap is around the equivalent of £931m

[golfhelicopter12345] 18/8/2016 15:05

@dodge Meister

Certainly not all cash, but a mixture of cash and paper would be very feasible.

[dodge meister] 18/8/2016 14:43

DNO couldn't afford £2.60

[jotoha2] 18/8/2016 14:43

Not to long to wait before we see where this is heading.

[seball] 18/8/2016 14:34

No way would they accept £2.60.

[jotoha2] 18/8/2016 14:06

Am sure major holders here will allow a takeout by DNO , around £2.60 should do the trick.

[golfhelicopter12345] 18/8/2016 12:52

Link to the DNO presentation with information on Tawke plans and rationale.

hxxp://hugin.info/36/R/2035818/758271.pdf

Also some commentary on reasons for the GKP Offer.

IMO the GKP bid very opportunistic. If this failed (as I think it will), will DNO turn to Tawke partner GENL?

[golfhelicopter12345] 18/8/2016 12:18

No, nothing mentioned along those lines in the conference call. Did you listen to it? Striking how positive DNO were on Kurdistan and upside potential.

[ohdearohdearohdear] 18/8/2016 11:21

Really? Nothing to do with the KRG insisting on that "investment" (greasing the palm) before they allow DNO to buy GKP for a rock bottom price - the rock bottom price that was caused by the KRG's corrupt practices?

[golfhelicopter12345] 18/8/2016 11:05

DNO very happy to commit to significant capital investment at Tawke based on the current payment regime. I think that's all we need to know.

[ohdearohdearohdear] 18/8/2016 10:50

No payments. Corrupt KRG.

[ohdearohdearohdear] 18/8/2016 10:50

No payments. Corrupt KRG.

[seball] 18/8/2016 10:48

Positive developments.