Genel Energy Share Discussion Threads

[nicksig] 04/4/2017 10:30

Go go GENL. Come on partner up with Rosneft and get the share price to £1.50

[cyan] 03/4/2017 10:55

Brent is holding up well at $53.53.

[panagos] 03/4/2017 08:37

70p by EOD?

[carla1] 03/4/2017 08:36

43 p buy order still live

[richie666] 03/4/2017 08:25

Cheaper Panagagos!

"As you can see here we have great conviction in our Buy call on Genel and anticipate a material re-rating as news flows on the gas asset this year. The market is either ascribing no value whatsoever to 11tcf of gas assets, sees further writedowns at Taq Taq and indeed Tawke or expects no further recovery of the historic receivables. That can be the only justification for the current stock price.

We see value here at Align towards the £2 per share level and believe the price weakness this last week unwarranted thus providing a renewed buying opportunity."

[panagos] 03/4/2017 08:16

Cheap as chips?

[richie666] 03/4/2017 07:36

New Buy recomm we have just put out -

[cyan] 01/4/2017 11:13

With POO getting stronger and starting the week at $53.67; should be a decent week for our share price ; fingers crossed.

[panagos] 31/3/2017 16:43

"Drangonfy doji" canddlestick, ultra bullish for Monday.

Good w/k all.

[carla1] 31/3/2017 16:05

43p buy order still live !!

[nicksig] 31/3/2017 15:34

They should just partner up with Rosneft and move things on

[nicksig] 31/3/2017 15:31

Go go GENL

[kmann] 31/3/2017 13:52

oil moving higher again.

[mr roper] 31/3/2017 13:44

zero debt..lol...best lay off the crack pipe for a while

[kmann] 31/3/2017 13:22

Net debt only $200mil now, so easy as oil price is up and stabel, payment, regular and stable, money owed being repaid. DYOR.

[panagos] 31/3/2017 12:42

what do you mean zero debt in two years kMann...how in earth are the going to repay $750m bond?

[cyan] 31/3/2017 12:41

For those uncertain what 11tf may be worth.

11tf is equivalent to about 1.896 billion barrels of oil (bboe)

[kmann] 31/3/2017 12:12

MAx return on the bond is 20-25% + 2 years intrest. Genel could be back to 120p+ in two years and zero debt.

Worst case scinario, bond gets rolled over. I'd be swapping bonds for equity. Same risk.

[cyan] 31/3/2017 11:33

My understanding is that our 11TCF has upside potential. Holding 100% gives us lots of bargaining power.

[panagos] 31/3/2017 10:54

Not an expert, but i feel a reputable farm in partner for the development of the 2 gas fields would remove most of the uncertainty around the bond re-financing pressure which is 2 years down the road.

Would can not just ignore 11tcf. Zohr recently discovered offshore Egypt may hold 30tcf and considered the largest gas find in recent times.

[cyan] 31/3/2017 10:41

Does not have to be a debt for equity swap. The worst case I could imagine is a new issue of bonds to pay off what (little?) remains of the current bond issue.

[panagos] 31/3/2017 10:34

bonds are trading 22% off their par value.

shares lost 94% of their value since IPO.

If there will be a haircut in the bonds bonds holders will lose some money.

If there is a debt to equity swap shareholders like most likely lose most of their money.

So, it all boils down to if genel can remain cash flow positive imho and survive under the existing shareholder structure.

If yes, shareholders buying at these prices should make some good returns.

[pogue] 31/3/2017 10:22

why will a lot of people sell bonds and buy shsres? The main reason people buy bonds is for low risk and the income.