Genel Energy Share Discussion Threads

[pslamb] 21/2/2017 14:35

What's happening at DNO?? Big increase today

[wantmorethan24p] 21/2/2017 14:33

here come the YANKS.

[kulvinder] 21/2/2017 14:30

Too many false dawns here - need to see a sustained move above £1, then maybe, just maybe we will see a raise with the likes of KAZ and Glen.......

[ozzmosiz] 21/2/2017 14:23

handle break out!

[nicksig] 21/2/2017 14:13

Looking good here. Go GENL go

[wantmorethan24p] 21/2/2017 14:03

its come to life...are the yanks buying.???

[wantmorethan24p] 21/2/2017 14:01

here we goooooooooooooooooooooooooooooo

[jotoha2] 21/2/2017 13:22

Lovely chart stockriser , all we need now is more news to really get this one moving.

[wantmorethan24p] 21/2/2017 12:35

looks good...for a massive re rate

[stockriser] 21/2/2017 11:34

Remember that chart the other day - looks like the share price is now breaking out from that handle

[wantmorethan24p] 21/2/2017 11:17

57.22 brent

[wantmorethan24p] 21/2/2017 10:18

brent on fire...

is that me putting the kiss of death.

[wantmorethan24p] 21/2/2017 10:05

brent crude 56.71


will it hit 57...today.

[wantmorethan24p] 21/2/2017 10:02

nice 20k buy.

[wantmorethan24p] 21/2/2017 09:59

whilst nothing happening here have taken a small punt on premier oil...

its like watching paint dry here.

only for a qik trade.may be a daytrade job.

its fallen from 95p to 77p in a matter of few weeks.

[wantmorethan24p] 21/2/2017 08:17

that article keeps cheering me up the more i read it.

not gonna fall for w1ndjammers scaremongerring.

[wantmorethan24p] 21/2/2017 08:17

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] 21/2/2017 08:12

this is for w1ndjammer>>>>>>>>>>>>>>



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] 21/2/2017 08:02

keep buying anyway...

the battel for west mosul is going well.

[wantmorethan24p] 21/2/2017 08:01

looks like another quiet day today.

[wantmorethan24p] 20/2/2017 22:41

just checking its gonna be decembers.


unless they pay both dec and jan

that would be a bonus.

[wantmorethan24p] 20/2/2017 22:29

payment news this week hopefully.

are we due januarys.