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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Genel Energy Plc | LSE:GENL | London | Ordinary Share | JE00B55Q3P39 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.30 | 1.47% | 89.80 | 89.30 | 89.60 | 91.00 | 88.50 | 89.00 | 398,020 | 16:35:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | 84.8M | -5.6M | -0.0200 | -44.75 | 250.07M |
Date | Subject | Author | Discuss |
---|---|---|---|
03/11/2017 09:23 | I am looking nearer the £1 for risk of the loss of past revenues owed and the risk of a negative contract review. May convince myself before then though. | pogue | |
03/11/2017 08:48 | buy some Genel pogue, you know you want to! :) | panagos | |
03/11/2017 08:40 | Never said anything about nationalism just channeling all oil sales through Baghdad. Any contracts issued after the war started will be looked at I am sure, how much they are changed will depend on the 'negotiating skill' or more accurately the power of the other party how much power do Genel have compared to Russia? However the subject of debts run up by the KRG is the bigger worry for Genel I would say. | pogue | |
03/11/2017 08:11 | Ah yes, we forgot about the Russians. They wouldn't want to throw down the drain a few billion bucks now,would they? | panagos | |
03/11/2017 08:09 | I don't think that the Russians would be happy about nationalisation | cool hand kev | |
03/11/2017 08:07 | Lets see shall we the answer will become apparent in the next few months | pogue | |
03/11/2017 08:03 | That's absurd too. | panagos | |
03/11/2017 07:51 | Its a start. Within a few weeks of the vote Kirkuk has fallen and now they are starting to take over the functions of government. If you think they will stop at that I think that is absurd. | pogue | |
03/11/2017 07:41 | Well it's a risk I have to admit but I don' think KRG will just hand them out just for paying the peshmerga salaries...That's absurd. | panagos | |
03/11/2017 07:38 | I believe they do yes. I think they want to go back to having all oil sold by them and they then give money to Kurdistan from the proceeds. The way the KRG are rolling over just now I think they will as well. | pogue | |
03/11/2017 07:30 | pogue are you saying that Baghdad has an agenda in nationalising the KRG oilfields? | panagos | |
02/11/2017 22:23 | Yes but but what would they want in return? | losses | |
02/11/2017 21:56 | Interesting. Anything that reduces KRG's financial stress has to be good. KRG welcomes Abadi’s offer to pay Kurdish salaries, costs Baghdad $772m | cyan | |
02/11/2017 19:38 | another post from VIA a guy that knows the regionThis is what we call generating leverage from thin air. Rather than get into the typical back and forth bluff/counter-bluff game, the Iraqi federal government is laying down its full hand up front and saying "checkmate, Kurdistan" and thereby beginning negotiation talks from a very strong place. The reason they can do this is because they have full backing from powerful neighbours Iran and Turkey, Saudi Arabia and Egypt being impartial, the US policy in the region in tatters, and Russia being relatively restrained with regard to internal Iraqi affairs (their declared red line is Erbil). I'm not one to enjoy tooting my horn, but I did predict this outcome when some here panicked with the outbreak of conflict between the Peshmerga and the federal government. My three predictions at the time were that there would be no breakout of hostilities beyond small skirmishes, that the Kurds would lose this round due to a lack of regional political support, and that Barzani would step down as a result of this. Instead, I saw this as the re-formation of power distribution in North Iraq following the vacuum collapse that I had been warning about since last year. Well, now that the chips have fallen as I forecast, where do we go from here? The room for negotiation is very tight. The Kurds still don't have any ammunition in this war of political struggle, so I assume that they will get a raw (new) deal regarding oil royalties. They will have wished they never said anything about autonomy. The central Iraqi government has big ambitions now, and has been energized by its recent "victory" in the North. They could not have asked for a better excuse to kick the Kurdish militias out of Kirkuk. So much so that some are now wondering whether Barzani was paid to purposely sabotage his people's movement with his bone-headed move. In any case, I don't see the oil flow stopping for very long. It is part of the negotiation process and once a revised deal is agreed upon (or enforced, depending on your perspective), I am guessing things will get back to normal on this front. Let us not forget that Iraq's ambitious 5mb/d target is a real one, and while they value political gains in the North, they will want to return to developing their energy complex. It is good for us oil bulls to have so much production remain off-line, but I would prefer to focus on the real bull cases such as China's production drops over the last year, and Venezuela's irreversible decline in production and exports. | stansmith3 | |
02/11/2017 17:32 | Reasons to be Cheerful. The Original & The Best... Oil still being produced and exported through recent difficult times. Cease fire mainly holding. End of Bargain as president Oil 60$ a barrel and still rising Record API drawdowns over last few weeks Amazing agreement reached on all receivable Peskkabir being spoken about as "most exciting find" in DNO Chairmans career. Peshkabir3 Results due any day now. Peshkibar producing nearly 5k already, much more to follow with a EPF by end of year. DNO results next week. Hayward and Rothschild gone New Chairman New World class CFO New Board members Payments now regular every month for 25 months. Significant payment increases from November due to new payment "R" factor. Over 80% of all shares with only 5 major institutions. Very small free float. Roseneft lending KRG up to 3$ billion Roseneft agree massive exploration & development programme China potentially buying into Rosneft Several Gas pipelines in process of being built on by Roseneft GAZPROM drilling and spending hugely in Kurdistan USA advanced stages of building biggest base in the world in Kurdistan 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. 3 new wells bring drilled in Tawke to increase production OPEC countries looking to further extend current arrangements Massive Gas fields deal at conclusion stage due by end of year Market cap 6ish x less net assets Taq Taq production more stable. Net debt paid down considerably & reducing every month ISIL defeated. Breakeven at less than 20$ per Barrels. | hawkey2 | |
02/11/2017 16:59 | A Number of PUK Officials Transporting Kirkuk's Oil to Iran Basnews English 02/11/2017 - 14:19 Kurdistan | losses | |
02/11/2017 14:39 | What's likely to be in next weeks DNO update which will be beneficial for GENL SP? | cool hand kev | |
02/11/2017 13:33 | Iraq/Kurd Oil Flow to Ceyhan Stays at 216k B/D: Port Agent-BBG #OOTT | gregpeck7 | |
02/11/2017 09:46 | Federal forces were shelled by mortar shells and fired from the Peshmerga areas in the vicinity of Zammar and Rabia northwest of Nineveh. #Iraq#Kurds#Middle East >Russians really are eating the yanks lunch It'll take the US decades to recover the ground. | gray1107 | |
02/11/2017 07:38 | Russians really are eating the yanks lunch | dmore2 |
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