Genel Energy Share Discussion Threads

[gregpeck7] 22/8/2017 08:16

BHP pulling out of shale.. Cant turn a profit at 50 USD.

[panagos] 22/8/2017 08:08

Eeer is the spread 4p?

[gregpeck7] 21/8/2017 21:30

For anyone that has not listened, a great Q + A at the end of this.

[gregpeck7] 21/8/2017 15:52

Oil market being well and truely manipulated.. some more big draws tomorrow would crank up the pressure again.

[losses] 21/8/2017 15:36

Oil price not looking roses... down nearly 2% all of Friday gains nearly gone.

[losses] 21/8/2017 15:06

Struggling with 123... gets knocked back every time when bid approaches

[panagos] 21/8/2017 14:47

getting ready to explode upwards?

[gregpeck7] 21/8/2017 13:56

Oil stocks taking across the board now.. must be time for a cyclical move into oil.

[cyan] 21/8/2017 12:08

Brent $52.69. that helps

[panagos] 21/8/2017 09:46

this week 140

[gregpeck7] 21/8/2017 09:36

130's coming

[hawkey2] 20/8/2017 18:54

REASONS TO BE CHEERFUL....

Oil up nearly 4% on Friday
Hayward and Rothschild gone
New Chairman
New World class CFO
New Board members
Payments now regular every month for 19 months.
80% of all shares with major institutions.
Very small free float.
5 Major holders in total
Kurdistan Referendum / Bagdad deal Immenent
Roseneft lending KRG up to 3$ billion
Roseneft agree massive exploration & development programme
China potentially buying into Rosneft
GAZPROM announced as looking at Kurdistan.
USA advanced stages of building biggest base in the world in Kurdistan
KRG budget deficit now in surplus each month.
KRG have signed 2nd compliance audit for overall accountability
KRG Record production & revenue for 2017
Moroccan drills / farmin due to be announced soon
New Iraqi Oil Minister wants to work with us.
Some of lowest Production cost in the world.
2D Seismic moving at speed in Somaliland and being increased.
Peshkabir 3 results due next month.
DNO exceptional results due next week
3 new wells bring drilled in Tawke to increase production
OPEC countries have extended current arrangements
Massive Gas fields deal at conclusion stage due by end of year
Market cap 6ish x less net assets
Positive world bank meeting involving KRG
Taq Taq production more stable.
KRG oil production to be over 1m BOPD with 5 months
Net debt paid down considerably & reducing every month
ISIL defeated.
Breakeven at less than 20$ per Barrel
More Receivables / New licence possibility soon.

Nope....Cant think of any reasons to buy Genel.....LOL

Hawkey

[gregpeck7] 20/8/2017 10:51

Tonight's early trading will be interesting. Is the glut myth exploding?

[cyan] 20/8/2017 10:46

Brent will start the week at a very healthy $52.83

[hawkey2] 19/8/2017 20:45

Courtesy Boobird on LSE chat

An article in foreXlive reckons that oil jumped $1.80+ on Friday because of following reasons, although reason 4) doesn't make sense to me ... a fire means less demand for oil NOT more.

1) The power grab continues in Venezuela

Venezuela's pro-government constitutional assembly said it's taking over powers of opposition-led congress. The continued turmoil raises the odds of a disruption in production or some kind of action from the United States. The jump in crude prices came soon after the Venezuela headlines hit.

2) Drop in drilling rigs

Shale drillers are starting to adjust to prices below $50. After months of a relentless climbs in drilling rigs, the number fell by 5 rigs this week in the second decline in three weeks.

3) Better signs on demand

Non-US demand for physical crude is outstripping the regular seasonal patters, according to a Bloomberg report. The backwardation in the crude market, especially Brent, is a good sign (depending on who you ask).

4) A refinery fire

A Royal Dutch Shell refinery in Deer Park, Texas caught fire and will need to reduce output for at least a week to repair the damage.

5) Better risk appetite

Some of the strength is based on the better mood in broader markets after Bannon's departure.

[hawkey2] 19/8/2017 20:40

Powerful Friends.....Interesting

There is a great deal of interest around about China and Russia playing big time in Kurdistan.

But what about Uncle Sam ???

They had the boots on the ground and made the sacrifices of lives, dont for one minute think they won't be coming out to play.

They are building their biggest embassy in the world, yes in the world in Kurdistan.

You get nothing for nothing in this world so when will Uncle Sam play his hand.

What do you think ???

Hawkey

hxxp://www.kurdistan24.net/en/news/ada17889-d55e-4458-bc88-606b2c4196fe

[hawkey2] 19/8/2017 20:39

60$ OIL

Ever major producing government wants it over 60$.

Just think about this 20 TRILLION $ worth of projects ,yes the number is correct, that have been cancelled in the last decade. The low hanging fruit will run out shortly and at some stage we will be looking at an imbalance which significantly pushes the price of oil up.

For me this could be within the next 2-3 years.

I really think next week will be a good with with oil price, DNO just for a start.

As always...WTFDIK

Hawkey

[gregpeck7] 19/8/2017 17:12

This will rocket Monday. Game of high stakes being played out. As hawkey says who will end up with the gas though?

[ihavenoclue] 19/8/2017 16:25

oilprice.com/Energy/Energy-General/Oil-Prices-Boosted-By-String-Of-Bullish-News.html

[gregpeck7] 18/8/2017 23:09

Chinese looking to buy into rosneft it seems

[gregpeck7] 18/8/2017 20:03

Getting close to 53 usd!!

[gregpeck7] 18/8/2017 19:48

Fire at largest refinery in the USA and reduction in rigs... booom Monday.

[kulvinder] 18/8/2017 17:16

It currently flying for some reason GP7...hope it keeps going for Monday Morning Opening Bell.

[gregpeck7] 18/8/2017 16:48

Market shuts and oil hits 52 dollars a barrel in blink of an eye lol.

[panagos] 18/8/2017 12:01

forget 105 m5 this will be 140 in a week or two