Genel Energy Share Discussion Threads

[wantmorethan24p] 17/2/2017 21:17

already priced in the impairments are.its only a £200m company now with assets worth around £900m

[mr roper] 17/2/2017 19:58

Rupert should lay off the crack pipe. Did he mention the two impairments that are in the post? Nope.....

[wantmorethan24p] 17/2/2017 19:49

does he mean a BIDDER,.....





Rupert Hargreaves
Fool.co.uk 17 February 2017

In fact, the company's larger more established peer Genel Energy (LSE: GENL) may be a better investment as it has a more predictable outlook.
A solid bet on oil prices
I believe Genel is one of the best and most conservatively run oil companies trading in London today. As the oil industry has grappled with a cyclical downturn during the past few years, Genel has been able to escape most of the industry's troubles thanks to its cash rich balance sheet and low production costs. What's more, the group's experienced managers have proved to be a steady hand on the tiller during these stormy times.
Indeed, during 2016 to conserve cash in lean times, Genel cut capital spending to a range of $90m to $110m but thanks to better than expected cost savings, spending came in at $61m for the year. For 2017 capex is expected in be in the region of $125m, although based on past performance I wouldn't rule out a lower figure at the end of the year.
To fund spending, as well as cash generated from operations, Genel reported an unrestricted cash balance of $408m at year-end. Company production guidance for the year is 35k to 43k bopd.
Unfortunately, City analysts aren't expecting Genel to report a profit until 2018 but rising oil prices could change this forecast. And if the company reveals better than expected numbers over the next few months, the shares could quickly re-rate higher. Put simply, time could be running out to buy Genel.

[wantmorethan24p] 17/2/2017 19:48

not genel its gkp..

we can still go back to £10...in the next few years.
am awaiting for new licences in Kurdistan.

a new land grab ..

[wantmorethan24p] 17/2/2017 18:53

Early production from Peshkabir and transport of oil to the Company's gathering, processing and export facilities at Fish Khabur 12 kilometers away is under assessment.



SHOULD GET NEWS ON THE ABOVE SOON.

[wantmorethan24p] 17/2/2017 18:22

genels got good management than GKP.

[wantmorethan24p] 17/2/2017 17:26

thanks Kulvinder.

[kulvinder] 17/2/2017 17:12

Rupert Hargreaves
Fool.co.uk 17 February 2017

In fact, the company's larger more established peer Genel Energy (LSE: GENL) may be a better investment as it has a more predictable outlook. 
A solid bet on oil prices 
I believe Genel is one of the best and most conservatively run oil companies trading in London today. As the oil industry has grappled with a cyclical downturn during the past few years, Genel has been able to escape most of the industry's troubles thanks to its cash rich balance sheet and low production costs. What's more, the group's experienced managers have proved to be a steady hand on the tiller during these stormy times. 
Indeed, during 2016 to conserve cash in lean times, Genel cut capital spending to a range of $90m to $110m but thanks to better than expected cost savings, spending came in at $61m for the year. For 2017 capex is expected in be in the region of $125m, although based on past performance I wouldn't rule out a lower figure at the end of the year. 
To fund spending, as well as cash generated from operations, Genel reported an unrestricted cash balance of $408m at year-end. Company production guidance for the year is 35k to 43k bopd. 
Unfortunately, City analysts aren't expecting Genel to report a profit until 2018 but rising oil prices could change this forecast. And if the company reveals better than expected numbers over the next few months, the shares could quickly re-rate higher. Put simply, time could be running out to buy Genel. 

[kulvinder] 17/2/2017 16:33

Maybe some news has leaked _ who knows the truth about the machanics of this gambling casino?

[wantmorethan24p] 17/2/2017 16:30

disappointed end to the week.

[wantmorethan24p] 17/2/2017 15:41

yup probably having an early weekend.

[gregpeck7] 17/2/2017 15:31

Steam coming out with low volume. Buyer will be back next week.

[mr roper] 17/2/2017 15:29

genl negative.

[wantmorethan24p] 17/2/2017 15:07

brent crude going positive

[wantmorethan24p] 17/2/2017 14:04

keep buying.

[wantmorethan24p] 17/2/2017 13:46

i am calm.
waheguru ji.

[mr roper] 17/2/2017 13:36

champers back in the fridge by the look of it... Chart still firmly in the downtrend. Still, on the positive side, one week closer to the impairments being booked.

[cool hand kev] 17/2/2017 12:44

Fridays always are it being POETS day

[wantmorethan24p] 17/2/2017 12:27

very quiet todsay.

[wantmorethan24p] 17/2/2017 12:26

not interested gergpeck7

[gregpeck7] 17/2/2017 11:14

L2 been quiet since mid week..Uen up 40 percent last 2 sessions before today.. pulling back then off again imoIt's under the radar..10 m mcap 2000 bopd production and no debt...Will be 10p soon.

[wantmorethan24p] 17/2/2017 11:05

whats level 2 saying.