Genel Energy Share Discussion Threads

[nicksig] 17/7/2017 09:08

Morning panagos

[panagos] 17/7/2017 09:06

Good morning.
Looking strong today.

[1959cos] 17/7/2017 08:43

could see a rise from here.

[nicksig] 17/7/2017 08:37

Looks like the selling has dried up. For the moment!

[gregpeck7] 17/7/2017 08:16

Wakes wakes genlOil heading higher.

[gregpeck7] 16/7/2017 23:09

Oil looks to be heading higher. Roll on tomorrow . 95p to fall imo.

[nicksig] 16/7/2017 11:49

Thanks for posting that kulvinder. Interesting times ahead for Genel

[kulvinder] 16/7/2017 11:30

From LSE BB;gregpeck7Posts: 280Off TopicOpinion:No OpinionPrice:93.00FT article...https://www.ft.com/tour.https://www.ft.com/content/cca0016a-49e0-11e7-a3f4-c742b9791d43Companies valued at less than £300m on the lower reaches of the London Stock Exchange would not normally be considered a matter of national importance in Turkey.But Genel Energy's shrunken share price - currently trading at less than a 10th of its level when the company floated in 2011 - belies its potential to help Turkey reduce dependence on Russian gas. Genel is in talks with potential investors including TEC, a state-owned Turkish energy company, to develop the Miran and Bina Bawi gasfields in Kurdish-controlled northern Iraq, 350km from the Turkish border."Turkey has a strategic interest in the project," says Murat Ozgul, Genel's chief executive. "They are looking to diversify their sources of gas and [northern Iraq] is the closest and cheapest option and, politically, it is the right one."Genel is counting on the Miran and Bina Bawi fields to revive its fortunes after a succession of setbacks since it was set up six years ago by an array of prominent UK and Turkish investors. The company, until recently led by Tony Hayward, the former chief executive of BP, became a standard-bearer for efforts to develop rich oil and gas reserves in Iraq's autonomous Kurdish territory.After peaking at £3.1bn in 2014, Genel's market capitalisation went into a tailspin as crude prices crashed and production from its much-vaunted Taq Taq oilfield fell far below expectations. Incursions by Isis militants in the region struck another blow as oil revenues owed to Genel by the Kurdistan Regional Government (KRG) were diverted to its peshmerga army in their fight against the jihadi group.Genel's travails have been watched closely in Turkey - and not only because the company is 23 per cent controlled by one of the country's richest men, Mehmet Emin Karamehmet, whose Cukurova conglomerate spans telecoms, construction and energy.

[cyan] 16/7/2017 09:30

Hopefully we will have a positive start to the week with Brent passing $49 last thing Friday. $49.01

[gregpeck7] 14/7/2017 19:20

Big week next week imo chaps of oil does not crater again. 106p for Friday.

[ihavenoclue] 14/7/2017 17:31

Second shoulder complete at 97p then lift off ?

[cyan] 14/7/2017 12:51

double post.sorry

[cyan] 14/7/2017 12:50

Something to read on various oil extraction techniques;



Brent doing well today at $48.68

[saget] 14/7/2017 12:44

Look at PANR shoot up today, just shows what can happen when you start developing gas.

[cyan] 14/7/2017 09:42

Good work Hawkey2.

Here is an extract from your excellent link;

"Advancing a lower carbon future requires many building blocks, and natural gas will also be one of the most important.

This argument is strengthened when you consider that around 10% of total energy-related greenhouse gas emissions could be avoided if all existing coal-fired power stations were switched today to state-of-the-art gas-fired plants.

That is, of course, not practical, but it gives you a sense of the importance of gas.
The advantages of natural gas are clear and at BP we are evolving our production portfolio to contain a larger proportion of gas.

Six out of the seven major projects coming on-stream this year will produce gas."

==============================================================================


Worth reading on in the article where regional projects are mentioned.

As for POO; at least its holding up well today with Brent now $48.43

[nicksig] 14/7/2017 06:47

Yes. The future is gas

[hawkey2] 14/7/2017 04:38

Very very interesting speech from the CEO of BP.

Especially the Turkey Gas bit........

[hawkey2] 14/7/2017 04:37

That will do.

Having called it right today after a throughly unglamorous day Im calling it Blue again tomorrow due to the continuing oil price rising.

Anything from 93p upwards would be great.

Hawkey

[saget] 13/7/2017 22:13

hawkeye: it means the share price is likely to go over a pound, in the short term.

[hawkey2] 13/7/2017 20:20

What does the mean for us IHNC.

How long does it last. Whats the likelihood of it happening. Has it happened to Genel before.

Thanks

Hawkey

[ihavenoclue] 13/7/2017 19:52

Inverse head and shoulders nearly formed from June ?

[pogue] 13/7/2017 19:52

I won't be pinning much hope on the oil price cyan
hxxp://oilpro.com/links/40476/nigeria-politely-declines-opec-invitation-to-cap-production