Genel Energy Share Discussion Threads

[cyan] 05/1/2018 13:16

It is prudent to keep a decent cash balance to enhance our bargaining position in respect of a gas deal.

Brent $67.62

[topazfrenzy] 05/1/2018 13:07

A special dividend in 2019 would be nice too, say 10p a share.

[pogue] 05/1/2018 13:01

What will rerate the stock will be a deal over payments from Baghdad to Genel once the oil revenues start getting paid there as that will establish a solid income going forward and clarity of who will be responsible for the back payments owed. Until then its month to month with the KRG.

[celeritas] 05/1/2018 12:47

Issues are being resolved with the end of a flight ban being a biggie which I believe will happen over the next month.
Genel is so so cheap purely because of disagreements, these are now slowly being resolved which will feed into the genl share price What price Genel once conditions are as normal as they can be for this region of the world?
500p wouldn't be hard.

[celeritas] 05/1/2018 12:42

KRG exports tick up in December

[pogue] 05/1/2018 12:33

ah that explains the statement below

The KRG spokesman rejected that Erbil's monthly income was 544 billion dinars, saying neither Iraq nor the KRG oil sold at full Brent Crude prices.

"We do not know the source of this incorrect information with Abadi and how could he confirm them," Dizayee pondered.

hxxp://www.rudaw.net/english/kurdistan/040120181

[cyan] 05/1/2018 12:28

I understand that the KRG have for a very long time , well before the referendum issues, been selling oil at a $5 discount to Brent.

Brent $67.74

[gregpeck7] 05/1/2018 12:03

Chevron should restart drilling then..

[celeritas] 05/1/2018 11:23

Maliki reportedly told Kurdistan delegation: Flight ban to end 'soon'

[nicksig] 05/1/2018 09:14

Pesh is massive and imo will more than make up for Taq Taq

[panagos] 05/1/2018 09:11

Good post Log, thanks.

Pesh could make up for a large part of taq taq decline if it's proven to be another Twake (even with a 25% share).

taq taq can be rejuvenated a bit, in December production was up, let's see if it continues.

Political instability was always present in Iraq, after the referendum it was a bit scary agreed but now it's normalised.

[loglorry1] 05/1/2018 09:07

pangos the big fall was largely due to the reserves downgrade at Taq Taq and the political instability. The recent success at Pesh helps with the downgrade at Taq Taq but it is nowhere nearly makes up for it.

I agree though it is cheap and other positives are the extension of the debt a further 5 years plus repayment of past due receivables monthly on top of current oil sales.

Log

[gregpeck7] 05/1/2018 09:03

Very strong support at 119. Someone tried to push it through and so far failed.

[nicksig] 05/1/2018 09:02

I just ignore the noise. I made a big mistake on GLEN. Bought it at 70p and the trolls were talking it down every day. Sold for a 20% profit. What a mistake

[panagos] 05/1/2018 08:52

thanks Nick, and the then you have the imbeciles like pogue calra, stan, hvs etc. telling us that we are doomed holding this gem!

[nicksig] 05/1/2018 08:47

Good post pana

[panagos] 05/1/2018 08:42

GENL in 2014 produced cash from operations USD 116m.
Then share price hovered between 11 - 6 pounds.

GENL produced cash from operations USD 116.9 FOR THE FIRST 6 MONTHS OF 2017.
So with oil price rising, Pesh added in the production and taq taq on the up again (albeit slightly) it would be prudent to guess USD 340m for the year.

So effectively 2017 will have double cash flow from operations than 2014 and a share price between 60p and 120p.

That is a 90% ish discount for double cash produced.

And don't forget the debt reduction.

One of the cheapest stocks in LSE or what?

[gregpeck7] 05/1/2018 07:56

Morning all, strong support at 119 on l2. This looks good to move this am

[nicksig] 04/1/2018 22:49

Good luck mark88. Let’s hope GENL rerates in 2018

[topazfrenzy] 04/1/2018 21:13

Best investment here, so much to happen this year.

[gregpeck7] 04/1/2018 20:54

https://oilprice.com/Latest-Energy-News/World-News/US-Firms-Interested-In-Boosting-Oil-Gas-Presence-In-Iraq.html