Genel Energy Share Discussion Threads

[cyan] 06/9/2016 14:24

Brent now $46.36, something of a crash

[sparky333] 06/9/2016 14:03

Also why has Genel and DNO not made a statement as this is material if payments are not forthcoming.

[sparky333] 06/9/2016 14:01

Coupled withy no payments for July and no payments or Aug with June's short by $8m and late.Confidence is shattered

[cyan] 06/9/2016 13:42

Brent $46.82 now. Looks like there is little confidence in any OPEC agreement coming.

[cyan] 06/9/2016 09:54

"Russia, Saudi Fail to Agree on Oil Freeze"



Brent weakening at $47.16

[oilandgas1] 06/9/2016 08:04

This all I found so far leading to good progress and paving the way for the IMF loan to Iraq to have 17% (about $1bn) passed onto KRG.


Kurdistan has lost more than $55 million so far in August, due to three days of export pipeline outages and a drop in production after attacks on the Bai Hassan oil field.The Kurdistan Regional Government's (KRG) oil export pipeline has been down for more than 80 hours this month because of technical problems in Turkey, three oil officials briefed on oil exports said.Production has also dropped after a July 31 attack on the Bai Hassan South facility knocked out around 70,000 barrels

KRG and Iraq agree in principle to coordinate attacks on ISIS and an approach to oil

hxxp://oilprice.com/Latest-Energy-News/World-News/Iraq-And-KRG-Agree-To-Split-Kirkuk-Revenues-5050-And-Fight-ISIS-In-Mosul.html

But overall good news coming..

hxxp://www.iraqoilreport.com/news/baghdad-erbil-export-deal-moves-forward-19687/

[oilandgas1] 05/9/2016 22:08

Yes, seems to have happened.. Just need DNO and Genl to confirm how much they got .. In the next day or so..

hxxp://mnr.krg.org/images/monthlyreports/EXPORTs/KRG_MNR_Monthly__Oil_Production_Export_Revenue_August_2016.pdf

Any word on Iraqi 17% approved on 23aug for KRG?

[hangthedj] 05/9/2016 20:06

$60,346,909 paid out during August to main contractors by KRG according to latest update

I can only find RNS's for receipt of £30m (part payment for Tawke) and $15m to GKP for Shaikan during August.
Both these payments were for June production.

Payments from KRG and notifications by the companies to the market are now becoming so disjointed it's very difficult to follow....
perhaps that's the idea??

[tradesmarter] 05/9/2016 19:19

Last technical view for a while as its now a waiting game, good news is that we attacked the 106 area again and looks like the old stomping ground of 102-106 remains but the charts indicate a big move is coming soon (hope it is up) and the indicators, trading patterns, higher lows, bottom triangle, trend channels etc all "hint" that it should be up...but as you know this is the wild west where anything can happen, but I'm loaded up with 35,0000 of these and now to do the most difficult part.....the waiting! (high risk, but risk/reward offer appealing to me)

Bullish Ascending Triangle (normally good at bottom of chart)

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Buy/Sell signal...no sell signal given this time

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Bollinger...lets hope its North and we can crack open a bottle!

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Trend Channel is UP

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[fangorn2] 05/9/2016 17:10

£60m for July Oil export surely, not last month. we havent been paid for July yet have we?

[dodge meister] 05/9/2016 14:43

hxxp://mnr.krg.org/images/monthlyreports/EXPORTs/KRG_MNR_Monthly__Oil_Production_Export_Revenue_August_2016.pdf

£60m against PSCs last month

[coxsmn] 05/9/2016 14:35

I've added today, good entry price to buy and hold, increasingly positive oil news.Dyor.

[ohdearohdearohdear] 05/9/2016 14:35

Not sure Malcy's view should carry too much weight. He does get more things wrong than right - the latest being PANR of course.

[cyan] 05/9/2016 14:13

"Oil price jumps on Russian and Saudi agreement"



On 2nd September Malcy was interviewed about possible production agreement.
I remain , like him, cynical about the prospects.



Brent now stands at $47.71

[karateboy] 05/9/2016 13:42

Why Kirkuk deal is good?

[berk463] 05/9/2016 09:22

bullocks - forget the IMF loan - very little likelihood that Kurdistan will benefit from that. The kirkuk deal is good though.

[karateboy] 04/9/2016 15:02

That may be one of the reason why KRI is not paying on time. KRI hopes that All their debts to IOC will be paid from the IMF loan which is being organised.

[wantmorethan24p] 03/9/2016 13:28

am have a feeling we may get a lump sum of about $400m hence something brewing.

[golfhelicopter12345] 02/9/2016 20:34

Always good to see a technical update, but I personally invest on fundamentals. Looking for the stocks that can 5-bag over 6 months, and this is one with the best chances as I see it.

[tradesmarter] 02/9/2016 15:11

Quick "technical update"....for now its steady as she goes, but a tad boring!....I've added more just a tad below big number 100p and will add again if we see 95-98p where I feel there is HUGE support.....many shares find good support at BIG number 100 down to 98 and dont see us any lower than that...hoping we can punch back to 102-106 range but the trendline continues to do its job and support will give bounce. I had hoped we could have taken out 106, but a bit of patience and that will be taken out and a run up to around 120 next stop (a close below 95 and I'm wrong)


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med term view still very much my belief and 140 the key area to take out and then backtest support before we make "the real big move"....I'm not bothered about a few pennies movement as I'm looking for the bigger breakout in due course and a quick re-rate

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Personally I think crude will find support around the 43 mark and think we will get some payment news, but not expecting the touted big backpayment, but happy to be proven wrong....if this did come happy days. Slowly news appears to be painting a better future, but for now uncertainty is holding this back around 30% i reckon and my own view is that we should be nearer the £1.80 mark. So if your prepared to take a 10-15% risk, then the rewards could be 100-150% if you can be patient, ride the storm and buy on dips to support line.

View the other week, showed support had risen from 85 to 100 mark and for now that appears to be finding buyers on any "quick dip"

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Best of luck, my view is keep buying whilst "on sale" and keep adding upto 140 in the months ahead and simply hold for the bigger payday.....for now numbers I feel are pivotal as follows:-
140 news required to break this level
120 first target area
105 first resistance area, will break soon then we head to 120
100 support area...buy area 98p with strong support at 95
91p...close below this and I'm wrong and will take 6-10% hit on 96p/100p tranches

[cyan] 02/9/2016 12:58

Putin has his say. Trouble is ; who can trust him to honour any agreement?. Very poor track record.

"Putin Pushes for Oil Freeze Deal With OPEC, Exemption for Iran"



Brent $46.04

[cyan] 01/9/2016 22:21

Brent has slipped these last few days and now is $45.79. Despite this, GENL share price has remained pretty stable. Our share price used to religiously follow POO.

Seems there are some looking at the bigger picture perhaps and hoping that $400m and some M & A may liven things up soon,..I hope.