Genel Energy Share Discussion Threads

[dmore2] 20/1/2018 15:09

Yeah read that article, just talked about miran gas value! Didnt mention Bina bawi, or miran east(miran split like tawke). Also the fact that its on land make the project much cheaper and desirable. Must be worth over $5bn. will find out when gazprom, and rosneft pay for a slice.

[cyan] 20/1/2018 14:22

We have been blown off course by the referendum .
In June 2017 the hope was for the development deal to have been signed by the end of the year.

There are some recent encouraging moves in the politics between Erbil and Baghdad which need to be built on.

The value of the gas prize to Genel is enormous . Here is an ft article form 6th June 2017;



Extract;

Mr Hayward said progress was being made in talks with potential investors in its proposed Miran gas project in Kurdish Iraq, which he said could be worth $2bn-2.5bn. This exceeded the $1bn valuation ascribed to the asset in the company’s books.

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After the recent upgrade in volumes the 'value' will be significantly higher now.

[kulvinder] 20/1/2018 13:29

Pogue, over the past 3 years the share price got trashed due to the problems out there these are well documented as you know due to downgrade of the amount of oil in the well and the oil price reaching an recent historic low, all these compounding to this share being a high risk for one to invest in especially due to the region they operate in. But slowly we are seeing some green shoots hopefully helping confidence to return for investors to put their money here. Not saying we are out of the woods but we are looking in a much better place then 15 months ago when everyman and his dog was predicting this company would fold by 2018, but thankfully we still here. Hopefully the next update expected on Thursday will back up what we as mere small investors believe is the case. I for one if gas is agreed, think we will see £3, and I know it will not be all gongho in 2018, especially as we will at some point see the Market pull back and may mean you could have bought more, lower then today's price of £1.39. Here's hoping we see that £3 sometime this year without I being margined out. GLA as key week coming....

[dmore2] 20/1/2018 11:18

Heard all the same stuff on the Kaz board before that flew ;) bought at 80p sold £8

[mark88man] 20/1/2018 11:17

how many payments in a row will it take to stop you banging on about payment risk. The "gangster" KRG has a better payment record than most UK Blue Chips, not limited to basket cases like Carillion

[gregpeck7] 20/1/2018 10:42

Here he comes, waiting for the dip. Gap up over 140 Monday. So if I had taken pogue a 'advice' I would currently be around 20,000 quid poorer. And that's just last few weeks. Really should be a financial advisor. He's missed he boat and he's got the hump on now.He will probably be saying the same things when this sails past 300p.Payments on Monday could also be a nice boost.

[pogue] 20/1/2018 10:04

OK Stan since you asked. Until a deal is signed with Baghdad the assets are in a gangster run bankrupt state so payments are always going to be an issue so the nuimber of suitors to partner up with will be limited. The Great White Hope of Rosnef will not be offering a sweet deal if they are the only bidders.
Rampers will take this a heresey those that invest will consider it. I wont see the rampers posts mind you so WTFDIC :0)

[nicksig] 19/1/2018 19:54

Fairly balanced article but focuses mainly on the past

[gregpeck7] 19/1/2018 19:44

Stan, today was not pi only. Brace yourself Monday though.

[gregpeck7] 19/1/2018 19:43

Very nice article in the telegraph. Guys on lse have posted. Basically saying it could be about to boooooom!!!

[stansmith3] 19/1/2018 19:04

...just dont say anything negative

[nicksig] 19/1/2018 18:51

Good to hear that Stan. The aim of all of us here is to make money

[stansmith3] 19/1/2018 18:35

nicksigthats good to know, everyone here gave the impression that they were happy longs when i was "position posting" according to pantygosive done well out number one and two basket cases enq and pmo in the meantime, so cant complain, have been waiting on either genl's assets getting nationalised or the gas deal...today was a bit of a squelch rather than boom, so will evaluate further next week as today's volume looks like pi only

[nicksig] 19/1/2018 17:21

Technicals on GKP chart are very interesting. Could see a re-rating there and here

[nicksig] 19/1/2018 17:18

Stan some of us were trading those shifts. I’m still long from 103p. 15 love

[stansmith3] 19/1/2018 16:46

cyan

you would think so, this is the kind of news that all risk on bampots here have been waiting on ;)

things looking up, well done anyone holding 160->90 and back to here

[linton5] 19/1/2018 16:40

Settled above the 4 year downtrend resistance line,here’s hoping chaps we can get positive news in the next week then Whooosh

[losses] 19/1/2018 16:23

Should be some nice write ups in the weekend press... then woosh on Monday onwards.

[cyan] 19/1/2018 15:58

What's the betting that there will be some sizeable late reported trades today?

Brent $68.87

[panagos] 19/1/2018 15:57

pogue is busy designing the gas pipeline for Rosneft that's why he is not posting..

[nicksig] 19/1/2018 15:57

Ha ha pogue. The poster who was talking this down at 94p.

Being walked up bit by bit by the looks of it.

[gregpeck7] 19/1/2018 15:55

I wonder if pogue will switch to buying the spikes?!