Genel Energy Share Discussion Threads

[kulvinder] 25/1/2018 10:32

No surprises, update as expected, we need Broker upgrades to bring this share back to the attention of the masses now mentioning the potential going forward - cash cow as long as the region's politics behave and gas comes on line.

[sparky333] 25/1/2018 10:22

notice the word Partners ( Plural )

[gregpeck7] 25/1/2018 10:07

I liked the update a lot. There was not a slam dunk element which is why I think we are slightly down, over time value will out though and this should just rise to at least 200 to 250p and that is based only on the oil side of the business.

[cyan] 25/1/2018 09:36

No real surprises in the update. We already knew that that the free cash flow was increasing helped by POO which now stands at an incredible $70.79.

The last quarters revenue was provided and that gave guidance to the direction of travel;

"-- $263 million of cash proceeds were received in 2017 ($207 million in 2016), of which $72 million was received in Q4"

Genel has the large lift in POO to work through yet which could add up to 20% to the income later in the year.

Looks like there's some hard negotiations going on regarding the gas assets as this intriguing extract suggests;

"o The Company will continue to build momentum behind the development of Bina Bawi and Miran, and will continue engagement with potential farm-in partners for upstream participation at an optimal time to secure maximum value for Genel shareholders"

[panagos] 25/1/2018 09:33

hxxps://youtu.be/HZQmgtczJiU

[kris akabusi] 25/1/2018 09:04

Carla is like a rabid gerbil

[panagos] 25/1/2018 08:49

43p intact I guess..

[panagos] 25/1/2018 08:29

was hoping we get some real update on gas, but I totally understand on-going discussions between potential partners are super confidential.

[losses] 25/1/2018 07:58

So we got paid every month in 2017!!! That's good news...

[nicksig] 25/1/2018 07:52

Nothing new but no unforeseen problems either

[markth126] 25/1/2018 07:42

Where does it say that, all reads well to me! Blue day

[gregpeck7] 25/1/2018 07:07

Well I read that as all systems go on all fronts. Gas momentum is building. Sit back and soak up the usd!!

[nicksig] 24/1/2018 21:47

I don’t reckon we’ll get that much detail and I doubt there’ll be any surprises

[carla1] 24/1/2018 21:09

It's a REDDY tomorrow...NO real progress ..sell the news..X

[panagos] 24/1/2018 21:02

Looks ok to me

[hawkey2] 24/1/2018 20:59

HAWKEYS TRADING UPDATE...

Taq Taq: Very encouraging North Flank with drilling still continuing and testing ongoing. Production expected to be maintained 15500 with small marginal increase this year

Tawke: Should be more of the same with about 100-110,000 BOPD this year.

Peshkibar: Peshkabir 4 due to spud this month. Current production approx 18,000 expected 30,000 by end of year. EPF online. Field could be bigger than Tawke.

Gas: CPR completed wth 40% increase. Multi company interest in upstream and Mid stream. Stability in Kurdistan will help speed up FDP. Rosneft confirmed as building building Gas pipeline

Free Cash Flow 170$ million.

Somalialand Initial results very encouraging. Spending extra money in more 2D and actively seeking partner. Huge potential. If achieving partner possibly drill late 2018 early 2019.

Morocco: 3D to commence by May 2018.

So there you have it. No firework for me.

Hopefully share price to maintain price tomorrow or small rise.......

What do you think ???


Hawkey

[dmore2] 24/1/2018 15:58

We have a draw ladies, not the first time #API got it wrong #EIA da boss

Crude: -1.07MM, exp. -1.6MM
Gasoline +3.1MM, exp. +2.2MM
Distillate: +639K, exp. -1.1MM
Cushing -3.15MM
Oil Production: +128kb/d to 9.878MM
Imports: +91kb/d

[stansmith3] 24/1/2018 07:45

hardly unexpected in refinery maintenance season

[gregpeck7] 23/1/2018 23:37

Yes but a draw on Cushing ... very large one. See what Eia day tomorrow.