Genel Energy Share Discussion Threads

[money4me] 10/10/2016 16:50

lets see the money come rolling in and the share price move upwards. Christmas is coming and the little blighters need feeding

[cyan] 10/10/2016 15:19

Brent $53.64 WOW!

[ihavenoclue] 10/10/2016 14:44

pogue
10 Oct '16 - 10:53 - 10116 of 10117 0 0

Looks like shorters are looking to take us back to 89p. Another trading opportunity beckons I feel.

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You either need to use my name or you should've gone to specsavers ;)

[cyan] 10/10/2016 13:58

Interesting viewing;

"Oil Bulls Jump in After OPEC Deal"

blob:

Brent $52.62

[pogue] 10/10/2016 10:53

Looks like shorters are looking to take us back to 89p. Another trading opportunity beckons I feel.

[svenice7] 09/10/2016 19:42

I say it will be up tomorrow. We are more likely to get paid from now on.?

[svenice7] 09/10/2016 17:35

Implications for GENL? hxxp://ekurd.net/warrant-arrest-kurdistan-oil-2016-10-09

[dmore2] 09/10/2016 04:35

16% owned by nat rothschild

hxxp://www.4-traders.com/GENEL-ENERGY-PLC-9445424/company/

[hawkey2] 08/10/2016 20:53

23 GOLDEN REASONS TO BUY GENEL UPDATED (Today)

Oil at 52$ a Barrel
KRG Record production & revenue for 2016
Moroccan drills farmin due to be announced soon
New Iraqi Oil Minister
Debt to Equity less than 1
Possible Kurdistan Ind�pendance vote
Some of lowest Production cost in the world.
2D Seismic to start in Somaliland in December (massive area)
Peshkabir to be spudded or any day.
Payment of 45$ arrears due any day .
Massive Gas fields development being planned
Market cap 7x less net assets
Positive IMF meeting last week involving KRG
2.5 billion dollars in net assets
Tawke gross production up to 135k bopd from Jan 2017
Largest KRG oil in Sept for over a year.
Over 400$ million dollars in the Bank
10% owned by Major Turkish Energy company
5% now owned by Fidelity International
Oil & Gas law positive statement
ISIL on verge of being defeated
Opec Production Deal announced.
Breakeven at less than 20$ per Bar

[gnawe] 07/10/2016 16:21

See the normal market boy fix being played out.

[banksy] 07/10/2016 16:17

Poo up, other oilers up, this was down, crazy

[helicopter123] 07/10/2016 15:58

hxxp://mnr.krg.org/index.php/en/press-releases/564-krg-publishes-monthly-production-and-export-overview-for-september-2016

[helicopter123] 07/10/2016 15:57

hxxp://mnr.krg.org/index.php/en/press-releases/561-krg-publishes-monthly-production-and-export-revenue-overview-for-august-2016

[helicopter123] 07/10/2016 15:56

September saw ave daily exports of 564,808 bopd (Aug - 411,727) at $36.10 ($32.44) raising $611m gross ($414m). IOCs allocated $75m so expect payment RNS shortly from GKP/GENL/DNO.

We may be turning a corner here and if so GENL equity very cheap IMO and could re-rate quite rapidly.

[helicopter123] 07/10/2016 15:41

Latest KRG oil report makes for encouraging reading. Sales up, price achieved up. If volumes continue to improve, and $50 oil holds, KRG in a much stronger position to resume payments.

[cyan] 07/10/2016 12:30

Malcy is very positive today;



Brent $52.45 I like it!

[deccer1] 07/10/2016 11:29

Actually the last payments for Tawke and Taq Taq covering July included the full amounts invoiced for July plus something towards historical amounts invoiced. Its getting better and the improved oil price will ramp up receiveables.

[pogue] 07/10/2016 11:04

reason we are not being paid is they have too many expenses increase the amount of money they have and they have less problems paying, if you are trying to be negative at least think a bit before posting.

[money4me] 07/10/2016 10:36

yes. you still have to be paid though

[deccer1] 07/10/2016 09:00

money, an increase in oil price definately does contribute to increased revenues and much more proportionally than the increase in price.

There is a little gem of information relating to the exported component of the production in the 6 month results on 28/7/16 :

"Pipeline export realisations for Taq Taq and Tawke for the period are estimated by Genel at $35/bbl and $28/bbl respectively. These figures are based on Platts Dated Brent less a $5/bbl discount for Taq Taq and $12/bbl for Tawke, with $4/bbl of these discounts reflecting handling and transportation costs. Brent averaged c.$40/bbl in H1 2016."


i.e. Brent at $40/bl gives:

Tak Tak $40 - $5 = $35 and Tawke $40 - $12 = $28.

So with Brent now at $50 that will give:

Tak Tak $50- $5 = $45 (+28%) and Tawke $50 - $12 = $38 (+ 35%).

So Brent rising from $40 to $50 translates into a 28% increase in unit revenues from Tak Tak and a 35% increase in revenues from Tawke.

[pogue] 07/10/2016 08:59

However rising oil price means more money for landlords hence more chance of being paid.

[mbmiah] 06/10/2016 22:49

This will rise when there is some kind of definitive indication that IS have been neutralised - the oil price rising is only good for the landlords.

[valhalla3] 06/10/2016 16:13

Money, you hit the nail on the head there, as we all know, markets don't like uncertainties and just recently thas exactly what we've had re lack of payments. Until they can have a years payments paid in full and on time then the markets will shun genl. IMHO ďyor etc