Genel Energy Share Discussion Threads

[mr genel energy] 24/1/2017 08:02

a classic tree shake by the market makers.

[mr genel energy] 24/1/2017 08:01

just hold on


keep buying...

[oilandgas1] 24/1/2017 07:55

Solid news..

1) payment back payments & higher future payments are continuing and will be going up.
2) production down as expected but stable
3) Peshkabir-2 well news in early Feb
4) Capex understood at 100-125 for 2017
5) costs contained and reduced in 2016

[mr roper] 24/1/2017 07:55

net debt = 0 for GKP. They have 106m bucks cash v 100m debt.

I see they are priming for the next impairment charges in the results. Miran and Bina Bawi. Probably part of the strategy for Bilgin to pick this up for the bare minimum. Gas assets anyway. They won't want Taq Taq and the Tawke share can be punted pretty easily to DNO for pennies.

[mr genel energy] 24/1/2017 07:55

5-10% down today...
or an early tree shake to trigger some stop losees...

am well covered.

[mr genel energy] 24/1/2017 07:53

am expecting director buys or that gas company buying more.

[gemlotte55] 24/1/2017 07:52

See at taq taq production is 80 percent from 5 of the 18 wells, so if and when the keg start paying regulary then they should be able to up production alone on work over programmes. Here's hoping

[mr genel energy] 24/1/2017 07:49

do not forget back payments due

gkp do have debt $100m i think.

[mr genel energy] 24/1/2017 07:43

at least they are managing their costs very carefully unlike GKP.

$408m in cash.
capex going down
gas news soon.

so overall positive.

[nicksig] 24/1/2017 07:33

Yes I can see this being taken out this year - @40,000 production + $420,000m would be a bargain for a £500m offer. Maybe Bilgin aren't after the company themselves but are taking a large position with this in mind?

[golfhelicopter12345] 24/1/2017 07:28

Taq Taq in serious decline the only real negative although nothing game changing either way. I see us in the 70's on this update.

[sparky333] 24/1/2017 07:27

Let's see what the market thinks but can see us getting hammered yet again early doors.

[ozzmosiz] 24/1/2017 07:24

Yep, why set expectations too high when you might not beat them, whereas set them low and you can exceed them.

[gregpeck7] 24/1/2017 07:24

Ps also agree on us being taken out.. the Turks are not buying for no reason.. they could get genl for 160p ish I would say at the moment , that won't last forever.

[gregpeck7] 24/1/2017 07:23

Agree sparky the market cap is so low I don't see how this is a negative or will drop..I think it's up from here

[mr genel energy] 24/1/2017 07:23

gkp are worth £300m and are prodicing 40,000

we are producing between 35,000-43,000

and we have other assets ..

but yet our market caop is only £230m

[sparky333] 24/1/2017 07:22

Red day today IMHO but them again when hasn't it been Red when an RNS comes out.I personally think the benchmark for 2017 has been set very low so as to surprise to the upside rather than disappointment after disappointment.

[sparky333] 24/1/2017 07:19

Agreed nicksigTAQ TAQ is in terminal decline and would need a lot of cash to get it back up which until KRG play ball on payments isn't going to happen but this has been offset in part by Twake.Overall disappointing but cash is good and increasing, and considering our market cap is significantly less than our cash position as well as owed around £2 per share a lot of value still in Genel.This Gas venture is becoming torturous but now prices are rising and the big boys will be oozing cash again shortly it will be snapped up when I have no ideaBut the bottom line is we are only £220m market cap

[ozzmosiz] 24/1/2017 07:18

Cash looking excellent and costs also better than expected.

[mr genel energy] 24/1/2017 07:15

a reasonable RNS.

am expecting DIRECTOR BUS..

nothing on ISIS...??
thet ar being defeated.

[nicksig] 24/1/2017 07:14

Not good reading on Taq Taq as expected. But cash position strong - 400m + latest payment. And still a producing in large quantities compared with any other companies with this sort of market cap. 2017 exploration plans could be more exciting. Will probably see the share price drop a bit but still a lot of value here. All imo

[gregpeck7] 24/1/2017 07:12

I can't see anything in there that at these prices should do anything other than support the share price ..

[mr genel energy] 24/1/2017 07:10

over all happy as costs are under control.