Genel Energy Share Discussion Threads

[utrecht_00] 23/1/2017 11:40

i think regardless of what the results say tomorrow the share price will fall. But if you are positive in this mid/long term an opportunity to buy in cheaper- if you are bearish then an opportunity to make quick money- so something for everyone here.

[upwego] 23/1/2017 11:24

I bet the MMs are holding it down at an agreed price for bilgins next batch :)

[francoismyname] 23/1/2017 10:53

No one saying well done to me.

Sour grapes

[sparky333] 23/1/2017 10:38

If cash is still $400 that is £330m at current exchange rate.

[mickyboy2] 23/1/2017 10:33

Compliance is great -- it’s been really fantastic,” Al-Falih said Sunday. “Based on everything I know, I think it’s been one of the best agreements we’ve had for a long time.” Photographer: Jason Alden/Bloomberg

OPEC and other oil producers agreed on a way to monitor their compliance with last month’s historic supply deal, putting global markets on track to re-balance after more than two years of oversupply.

The countries have already cut oil supply by 1.5 million barrels a day, more than 80 percent of their collective target, since the deal took effect on Jan. 1, Saudi Arabia’s Minister of Energy and Industry Khalid Al-Falih told reporters in Vienna.

“Compliance is great -- it’s been really fantastic,” Al-Falih said Sunday. “Based on everything I know, I think it’s been one of the best agreements we’ve had for a long time.”

Saudi Arabia, Kuwait, Qatar, Algeria and Venezuela met counterparts from non-OPEC nations Russia and Oman to find a way to verify that the 24 signatories to their Dec. 10 accord are fulfilling pledges to remove a combined 1.8 million barrels a day from the market for six months. They intended to prove the Organization of Petroleum Exporting Countries is serious about eliminating a global glut and dispel skepticism stemming from previous unfulfilled promises.
Monitoring Mechanism

Kuwaiti Oil Minister Essam Al-Marzouk, who chairs the five-member monitoring committee, emerged smiling from the hour-long meeting with a message of success: oil producers were in “total agreement” on the monitoring mechanism and wouldn’t accept anything less than 100 percent compliance with the cuts.

The committee, comprising ministers from Kuwait, Russia, Algeria, Venezuela and Oman, will meet next on March 17 in Kuwait and again in May. OPEC’s secretariat will present it with a report on the 17th day of each month, the group said in a statement. A technical group, consisting of delegates from each of the five committee members along with OPEC president Saudi Arabia, will meet each month to prepare the report.

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The monitoring committee will assess data submitted by each producer country, along with information from agencies such as IHS Cambridge Energy Research Associates, Argus Media Ltd. and the International Energy Agency, Russian Energy Minister Alexander Novak said. The committee will evaluate compliance with production targets only, though the technical group may also look at export data to support its analysis, Novak said.

[gregpeck7] 23/1/2017 10:23

Bought another 600 this morning staying small but like what I see..

[nicksig] 23/1/2017 09:50

Sparky - so you think the cash position is roughly the same as the current market cap?!

[kmann] 23/1/2017 09:47

When a "related" party increases their holding 50% before results, you would expect positive news imo.

[upwego] 23/1/2017 09:30

£50 added in for £200 per point now

[1959cos] 23/1/2017 09:02

mms games.

[mickyboy2] 23/1/2017 08:57

DNO & GKP been paid ours will be later or tomorrow imo

[mickyboy2] 23/1/2017 08:50

some big buys coming in this morning.MM must need shares hence price drop

[mr roper] 23/1/2017 08:50

payment news well received....

Now just waiting on November, December and Jan. Now will probably arrive around 1st week in March.

[mr genel energy] 23/1/2017 08:40

keep buying and holding.do not for the silly tricks from the market makers.

this share is undervalued.

[francoismyname] 23/1/2017 08:34

The king was right again...

Will you lot ever learn

[kulvinder] 23/1/2017 08:33

Here comes the raid to take your shares off you before tomorrow's update.

[mr genel energy] 23/1/2017 08:31

bought 200 a point at 85p..

dowm £700 in 30 minutes..


why is this being held back???

[mr genel energy] 23/1/2017 08:25

market not yet woekn up to the potential of this company.
completely out of favour

[mr genel energy] 23/1/2017 08:24

bought some more this mornig.

[kmann] 23/1/2017 08:04

Another paymernt. Note the cash amount RISING!!!!

[francoismyname] 23/1/2017 07:56

Look and learn

[upwego] 23/1/2017 07:52

Looking good time to chill out and let the share price take care of it self

Well undervalued stock

[nicksig] 23/1/2017 07:48

Hopefully the tide is turning for GENL: the discovery at Peshkabir, Bilgin taking a major stake, and resumption of payments