Genel Energy Share Discussion Threads

[panagos] 11/9/2017 16:09

prolly 2mrow or by Wednesday

[ragewarrior] 11/9/2017 16:07

Do we get paid this week...

[dmore2] 11/9/2017 16:07

everyday the banksters try to drop this at 9:30 and then at 4 it makes a come back :)

[panagos] 11/9/2017 16:05

Poor chaps who sold out today...this is gonna end flat or even positive..

[cyan] 11/9/2017 15:01

ihavenoclue;

You may disagree with what I say today, but, I have have traded this share for 5 years and done OK.

Was my judgement so "rubbish" in June?


"ihavenoclue26 Jun '17 - 15:04 - 18482 of 20218 0 0

cyan26 Jun '17 - 14:10 - 18477 of 18481 0 0
We are all back in the managing expectation game with 150p not looking so far out of the question as things stand.

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

?? 150p looks a million miles away at present IMHO"

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

POO does impact this share, imo

Brent $53.19

[rangor] 11/9/2017 14:50

Fair point.

[panagos] 11/9/2017 14:38

nah, dno share price is rock solid.

[rangor] 11/9/2017 14:37

I suspect there are jitters about the upcoming referendum on independence and potential impact on stability in the region and KRG finances.

[panagos] 11/9/2017 14:33

Feels like some big boy wants to get a nice round 150p fill eh?

[ihavenoclue] 11/9/2017 13:58

cyan ... what a load of rubbish ... no influence at all ... the share price dropped when Brent went over $54 !!

[cyan] 11/9/2017 12:23

Very thin volume panagos. It seems poo has been the main influence on our daily share price

Brent now $53.70

[panagos] 11/9/2017 12:10

today it will drop a lot on thin volume, but it will be back up tomorrow, no worries.

[panagos] 11/9/2017 09:14

they never have stock, cause no-one is selling below £2.

[losses] 11/9/2017 08:31

What a con by mms... couldn't buy any at drop few mins ago... looks like they have no stock

[gemlotte55] 11/9/2017 07:54

Well if no partners found by early next year they will have to go alone. With recent events on payments and rise in share price makes case for fund raising a little easier

[onetomany] 11/9/2017 07:51

300% upside? Much more if you analyze today's results https://www.seeingmachines.com/wp-content/uploads/2017/08/SEE-FinnCap-note-August-2017-1.pdf

[panagos] 11/9/2017 07:50

I would prefer a major partner that could take us out when the project is progressed.

Also gives added comfort in the capital markets when issuing funds if there is a major company as a JV.

[gemlotte55] 11/9/2017 07:48

Wouldn't surprise me if they went Solo or 50percent on developing gas field.

[panagos] 11/9/2017 07:46

capital issuance in the works?

I'd imagine as the cash flow is comfortable now we would only issue debt or equity for something extra like Gas development?

[panagos] 11/9/2017 07:44

hxxp://pjtpartners.com/what-we-do/

Premier advisory and capital raising services for every challenge

PJT Partners delivers a comprehensive range of advisory and capital raising solutions to achieve our clients’ strategic objectives. For every challenge, from the straightforward to the complex, our team of veteran practitioners brings together proven experience and fresh thinking to drive the highest-quality outcomes.

[panagos] 11/9/2017 06:13

https://seekingalpha-com.cdn.ampproject.org/c/s/seekingalpha.com/amp/article/4104254-iraq-markets-realignment-regional-interests-post-isis

[panagos] 11/9/2017 06:11

The Kurdish Regional Government of Iraq [KRG] concluded a series of agreements with a number of Exploration & Production (E&P) companies operating in the region [DNO ASA (OTCPK:DTNOF) (OTCPK:DTNOY), Genel Energy (OTCPK:GEGYF) (OTCPK:GEGYY) & Pearl Consortium]. The agreements settled: (1) outstanding receivables of about USD 1.5 bn in return for increased field ownership & relief on certain obligations; and (2) a USD 2.2 bn legal liability in return for cash and increased acreage. The deals provide the companies with increased financial and strategic flexibility to ramp-up production while addressing investor concerns on the Kurdish Region of Iraq [KRI]. In return, the settlement will have a positive effect on the KRI economy crushed by multiple financial crisis since 2014. At the same time reports have circulated that the KRG is settling a dispute with the Central Bank of Iraq [CBI] by returning about USD 2 bn to the CBI, from about USD 5 bn of commercial banks' deposits held at the CBI branches in the KRI frozen by the KRG since 2015. While, there are many views on the proposed KRI referendum later in September, the settlement with the CBI argues for a grand bargain in the making between the KRG and the Federal Government of Iraq [FGI]. Arguably, the oil settlements were made possible by flexibility gained by the entry of Rosneft in the KRG through: (1) a long-term forward oil sales deal part of a total USD 3 bn forward sales agreements signed with a number of oil traders in February; and (2) a deepening agreement on E&P in June, which together would support the view that a KRG-FGI bargain has international support or mediation.While these developments will not have an immediate impact on the equity market, never the less, combined their positive impact on the economy should add fuel to the expansionary economic effects produced by the reversal of the forces (escalating costs of war & collapsing oil prices) that crushed the economy and squeezed liquidity over the last 3 years. Ultimately, this will be reflected in increased liquidity in the equity market, but it is important to note that the market's hoped-for recovery will likely be in fits and starts with plenty of zig-zags along the way as liquidity is still scarce with a time lag before it can filter down into the economy.