Genel Energy Share Discussion Threads

[w1ndjammer] 25/1/2017 11:20

upwego

£250 p/p and only £1000 down, i dont think so you were buying at 84p


WJ.

[mr roper] 25/1/2017 11:18

upwego, go through the posts, you'll find I sold on the CPR debacle. Few minor trades in between but nothing worthwhile..

Genel, down 93% since listing, and that's without a GKP style d4e...Remarkable management. Oh wait, they'll blame ISIS won't they..lol

Miran gas impairments due in 9 weeks. Bet it'll be an interesting read.

Are the management here working for shareholders or their friends in Turkey..? Hmm..let me guess

[ny boy] 25/1/2017 11:18

At support here.


Prefer (PVR),at least has 100% upside by end of June

[mr roper] 25/1/2017 11:15

Ozz, Not sure comparing national debts of the UK and KRG is really a sensible comparison.

[upwego] 25/1/2017 11:12

Hey Roper

How much did you lose on GKP falling in love with Todd

Honest answer please?

[upwego] 25/1/2017 11:11

only £1000 down with there money :)

[ozzmosiz] 25/1/2017 11:10

Well the UK National debt is much higher, try £1.8 trillion

[upwego] 25/1/2017 11:08

Nickmann

Im £250 per point here now with 15k in the account so nothing to worry about
once them bit bots switch the other way will bounce.

Chilling blance head

[mr roper] 25/1/2017 11:04

political = financial. The KRG are pulling the purse strings, 30bn in debt and also have a few shall few say opaque arrangements with their near neighbours in Turkey.

[cumnor] 25/1/2017 10:43

Biggest risk here is political-not financial. Should KRG show willingness to continue payments and behave rationally in trying to gain a degree of independence then bonds are not an issue with this level of production and cash and the share price will double imo. If they want serious investment then they need to cop on-DNO, GKP and Genl are being watched closely from other potential investors. Otherwise its bye bye to the KRG as they have nothing else to offer except oil, and the Iranians, Iraqis and Turks wont weep too much. imo

[nodoe] 25/1/2017 10:41

and I'm sure they could refinance the 250m.....that is assuming the Krg pay nothing in the next 18-24 months!

[mr roper] 25/1/2017 10:39

er..and that leaves no cash and 250m of debt...and you can't pay the coupons in the interim, so you default and shareholders get pumped..

[nodoe] 25/1/2017 10:30

They can surely use the $400m to pay towards the bond...they paid $50m back 6 months ago.

[mr roper] 25/1/2017 10:26

debt of 650m that needs resolved in 24mths...The market has seen what happened at GKP and possible suspects it may happen here. Certainly a 20% chance, another 6 mths like this and it'll be up to 35%

[cumnor] 25/1/2017 10:22

Back in again-nice. Swamp clearing time-will settle 60s-70s for few weeks and then rise with oil to 90s-100p with POO rising and if lucky 140p on some corporate activity. Traders being taken to cleaners now, and good riddance, on fear but with $400ml cash and rising-and likely to continue doing so as capex down and payments continuing and producing at least 30,0000 bopd and other valuable assets-could be surprises here-a good punt imo, discounting political risk, but with cash exceeding mrkt cap at this level acceptable. We will get the usual trolls predicting 20p (and if it gets there then 5p) but investors should ignore these muppets-if they don't they are not investors-even bigger muppets. imo

[dealer1972] 25/1/2017 10:19

IMO you may get a bounce short term but the trend is still down without any positive news.

[hawkey2] 25/1/2017 10:07

So based on what you have both said gents, where do you think it takes us ??

Thanks

Hawkey

[dealer1972] 25/1/2017 09:50

Indeed but on the daily chart rsi is currently 31.64 so it isn't oversold as yet. MACD looks like a cliff edge!Fast Stochastics % D at 58.57 isn't indicating a buy signal as yet.

[forwood] 25/1/2017 09:30

Draw line on daily chart. Support is 70.25 - the closing price on Nov 7.

Chart that interests me is the 60 min. MACD and RSI showing very oversold. Looking at this I'd expect a short term bounce.


free stock charts from uk.advfn.com

[wantmorethan24p] 25/1/2017 09:17

69p seems support .

[ihavenoclue] 25/1/2017 08:48

* Duplicate post

[ihavenoclue] 25/1/2017 08:48

By the way .. I am not saying GENL has no issues .... far from it lol

[falia] 25/1/2017 08:48

guys look at afg 52m in the bank and mkt cap only 18m, also give divideds

[ihavenoclue] 25/1/2017 08:36

GKP was wiped out by bondholders ... not the same issue here

[mr roper] 25/1/2017 08:36

suspect they'll wait for the results, book a massive impairment on the gas assets then have Tolga Bilgin farm in for pennies while still retaining the 650m debt. Can't wait to see the terms of any farm in, in event of default..Tolga takes all I'm guessing...