Genel Energy Share Discussion Threads

[gregpeck7] 09/8/2017 13:24

Interesting that shorts increased by 0.09 so they still had 0.45 on short.. they have to buy back at some point and I am stunned they are shorting here but will all help when they buy back. I suspect they may be selling into the 130 momentum buying to try and stop the breakout.. I've said before I think shorts are hiding just below the declaration level and this confirms it.

[gregpeck7] 09/8/2017 13:24

Took another small amount.. going to keep accumulating sum 130..Gp

[panagos] 09/8/2017 13:16

Oh, forgot the Ukraine guy..

[panagos] 09/8/2017 12:59

Trump
Kim Yong Un
Maduro
Erdogan
Putin
Assad


Eeeer, does the world look like a safe place right now?

[cyan] 09/8/2017 12:57

1st July article;

"China braces army for North Korea emergency as attack choppers moved to border"

[cyan] 09/8/2017 12:52

I heard somewhere that there have been certain Chinese troop movements.
China has intervened before regionally. Who remembers their war with Vietnam post the US leaving?

Brent $52.45

[traidemark] 09/8/2017 12:42

Hi cyan. Ref China that thought has never crossed my mind but it's more than viable. The last thing China want is a unified Korea on their doorstep. I agree it's not wise to underestimate trump I just can't see the DPRK striking first. Surely that would be suicide. However today's threat is not ignorable but is surely an empty reaction to trumps fire and fury comments.

[cyan] 09/8/2017 12:30

Good afternoon traideMark.

I would not under estimate the risky behaviour exhibited in the US/DPK.



Obama messed up by creating a red line over Syria and then bottling it.
Trump DID strike at Syria.

I think it quite possible Trump will do the 'unthinkable'. Trump has al-sorts of political issues at home.
Remember how unpopular Thatcher was? The Falklands war turned her reputation around.
Trump may see giving DPK a bloody nose good for his ratings.

Frankly, I would not be surprised if China engineers regime change by marching in.

[filterwest] 09/8/2017 12:27

I totally agree. 150+ coming soon.

[traidemark] 09/8/2017 12:11

Too many positives not too be invested here ! The market has seemingly all but ignored the ridiculous threat from DPK also. Just a tantrum because of restrictions imo.

[cyan] 09/8/2017 11:36

I would be pretty content if we could move into the $55-$60 range; that would be a significant break through and a poke in the eye for experts who say we are stuck in a $45 -$55 range .

Brent now %52.42 ; excellent

[panagos] 09/8/2017 10:07

If Venezuela defauls sometime this year I can see oil price at $60, $70 even $80.

Venezuela has $5 billion in debt maturing before the year is out – both in sovereign bonds and in debt payments by state-owned oil company PDVSA.

[gregpeck7] 09/8/2017 10:04

Brent surging now.

[filterwest] 09/8/2017 09:54

This at least going up to 150+. GLA

[gregpeck7] 09/8/2017 08:01

Even with lower output because of improved terms cash pouring in from taq taq . If we can get output back to even 20,000 bopd we really are laughing.. I guess it helps OPEC with cuts!

[gregpeck7] 09/8/2017 07:59

Opening higher imo

[traidemark] 09/8/2017 07:58

More millions secured. Very nice.

[panagos] 09/8/2017 07:36

cash is pouring in like clockwork indeed, that's what a share price likes!

Taq taq seems to be stabilising too.

[jungmana] 09/8/2017 07:32

Want a cheap oil producer. Take a look at Trin. Great update out there today.Dyor always

[kulvinder] 09/8/2017 07:21

Payment made like clockwork.What's not to like?

[cyan] 08/8/2017 23:36

Hot off the press and thanks to a useful LSE poster; for you iggy reference BLVN;

[cyan] 08/8/2017 21:30

OT comments regarding BLVN for iggyb67;

The plan appears to be break up and return assets proceeds to shareholders.

The principal asset is ETINDE an already farmed into asset of which BLVN retains a 20% interest with $40 million USD of free carry on appraisal drilling which could add 2 TCF to the volumes and hence greatly increase overall value.

I reckon that 20% could be worth North of £77m sterling, BUT THAT IS MY GUESS WORK. Malcy has previously written that the new team in charge already have a buyer lined up. However that was in March.
I suspect that they are looking to maximise return by staying in until the drilling has been done. A better return would be the result.
Important to note BLVN will get a $25 million USD payment on FID.

Movement forward has been delayed by issues with the Cameroon government who now want a free carry for their 20% interest contrary to their previous agreeing to pay their share of costs.
There has also been some disagreement about the best off take solutions.
There lays the issues that have eroded confidence to the share and the impatient to walk or not invest in the first case.
However; ETINDE is a class asset with serious upside potential.
You will note BLVN is debt free, has an enormous cash pile (thanks to the farmout) ,and a very low share price.
Long term ; its a no=brainer , BUT that's MY OPINION. Check over the numbers for yourselelf and factor in the slow politics and then decide if its for you. One for the patient but , as AIM shares go, one of the safer ones to invest in , IMO.

[iggyb67] 08/8/2017 20:52

I did initially have a glance but totally forgot to investigate this share but can see that it has gone up over the last few weeks. Whats your short and long term thoughts....

[cyan] 08/8/2017 19:58

Good evening iggyb67.
Did you look over BLVN and the numbers and buy? Its been moving up in recent days.

[iggyb67] 08/8/2017 19:04

losses - about time those Arabs realise their tactics of trying to flood the market and get control of the global oil with their deep pockets will back fire on them,