Genel Energy Share Discussion Threads

[hawkey2] 12/9/2016 20:52

20 (+1) GOLDEN REASONS TO BUY GENEL

World Class Management (Nat Rothschild Tony Hayward, Ozgul, Monuhan)
Morrocan drills
New Iraqi Oil Minister
Debt to Equity less than 1
Possible Kurdistan Indépendance vote
Some of lowest Production cost in the world.
2D Seismic to start in Somaliland in December (massive area)
Peshkabir to be skidded in October
Payment of Approx 25$ million due any day now.
Massive Gas fields development being planned
Market cap 7x less net assets
IMF Loan of 5.4$ Billion to Iraq to pay all Iraqi Oil companies
2.5 billion dollars in net assets
Oil over 50$ a barrel.
Tawke gross production up to 135k bopd from Jan 2017
Approx 150-200k extra oil per day through pipeline
Over 400$ million dollars in the Bank
10% owned by Major Turkish Energy company
Oil & Gas law negotiations this week
ISIL on verge of being defeated
Worldwide Production deal being discussed

[hawkey2] 12/9/2016 20:49

Can anybody confirm the value today. Looks like the highest in months to me ????

Hawkey

[w1ndjammer] 12/9/2016 15:10

Hi cyan

yes trying to find oil stocks these days with half a chance of make decent money,
is difficult but genl has to be near the top.

I sold my HUR too soon but still got 30p only paid 10p didn`t want to get to greedy
looks toppy to me now with a £400 mill mcap but who knows

if you get time cast you eye over this outsider I bought couple of weeks back and have added again this morning." TLOU " quality bod with proven track record of turning two startups with just a few mill, into multil billion co`s which were sold to shell and BG our Kevin could learn a thing or two from this co. re: bomono

WJ.

[orinocor] 12/9/2016 14:56

I'm watching and waiting for an entry point. However given there is a material uncertainty as to when, or if, they will ever get paid for the oil they produce, I'm looking for a steep discount. 10p may be a decent price.

[cyan] 12/9/2016 14:53

Hi W1NDJAMMER,
Said I do not continually post regarding my trading but, for what its worth I have been buying today again.

Not long to the end of September.....

[w1ndjammer] 12/9/2016 14:49

well I have been buying today, first since my sale a few months back, I see during that time the website has been updated and is now much easier for newbies to understand.

you will see that their is more to Genel than just Tawke & Taq Taq
like the 11 tcf of gas which looks like the project is finally gaining traction

or the 2 billion barrels of oil they are targeting in Somaliland with the 2D seismic starting in a few months time

plus lots more...........

WJ.

[cyan] 12/9/2016 14:40

Brent perked up a bit to $47.56. Its weakness today has not been helping either.

Here is Malcy today

[orinocor] 12/9/2016 14:39

Add on the $100M capital expenditure for this year and GENL are a very cash flow negative business.
This is not a sane investment.

[cinques] 12/9/2016 14:38

But it's fair to say that it's looking pretty sick.

Where's the moolah, MNR?

[orinocor] 12/9/2016 14:38

The KRG have already finished off GKP. That's one down.

Who's next?

[cyan] 12/9/2016 14:20

What constant 50k sells?. Exaggerating a bit aren't we?

Last 50k trade was a BUY at 13.22hrs

Brent $47.30

[bulltradept] 12/9/2016 13:45

Volume's not high though..

[sparky333] 12/9/2016 13:35

Looking very sick with these constant 50k sells

[ohdearohdearohdear] 12/9/2016 12:49

80p would offer a good opportunity to buy I think. The markets these days are not about fundamentals, but chart theory it seems.

[sparky333] 12/9/2016 12:45

I would not be surprised if rothchilds took Genel private.

[dros1] 12/9/2016 12:34

FT today

New Age, an Africa-focused oil explorer backed by Och-Ziff, the US hedge fund, is considering an initial public offering that would put it among the UK’s biggest independent oil companies by market capitalisation.

A beauty parade of investment banks angling to work on the potential listing will start in coming days, according to people briefed on the matter, marking the first firm step towards a stock market listing.High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [e-mail] to buy additional rights.

New Age has previously held talks over a mooted £2bn takeover by Genel Energy, another independent explorer chaired by Tony Hayward, former chief executive of BP.

However, those discussions are no longer active and the company is looking at other options for returning cash to investors, including an IPO. As well as Och-Ziff, shareholders include Vitol, the oil trading company, Kerogen, an energy-focused investment company, and Hopu, the Chinese private equity company.

People close to New Age stressed that preparations for a flotation were at the earliest stage and that a decision to go ahead would be subject to signs of recovery in the oil market. “They are in no hurry,” said one person involved in the process. “It could be 2017 or 2018. But they want to be ready when the market turns.”

There have been few oil IPOs since crude prices collapsed two years ago, causing a commensurate crash in asset valuations. Many analysts and industry executives believe oil prices will recover as excess supply is gradually taken out of the market, although opinions differ widely over the likely timing and extent of any rebound.

People close to New Age said the company was under no financial pressure to float having raised $1.4bn of equity and $500m of debt in the past four years. The aim of a listing would be to provide liquidity for investors by selling existing shares, with no plans to issue new stock.

[sparky333] 12/9/2016 12:14

Year lows coming again soon, markets due a correction and Genel will fall in tandem coupled with unknowns around payments. All very messy and very poorly managed.Silence is the worst thing to do.

[ozzmosiz] 12/9/2016 12:02

a sea of red today on the SM. I have 16 on my watch list across different sectors, all red.

[bulltradept] 12/9/2016 09:46

Excuse my ignorance, but I thought GENL was an Aim stock is this the case? Could someone please clarify? Thanks

[fangorn2] 10/9/2016 16:25

.golfhelicopter123459 Sep '16 - 21:08 - 9892 of 9895 0 0
Bit of an assumption to say that no RNS = no payment?

Not really at all.

All Kurd Oilies are opperating on fumes - payment for their Oil exports is a matter of survival, for some that's more imperative than others.

ie "It's extremely price sensitive!"

ie "It has to be RNS'd"

ie Fact it hasn;t been RNS'd means it therefore hasn't been paid.

Go phone the company.

[oilandgas1] 10/9/2016 16:22

Apologies I thought it was 2016!