Genel Energy Share Discussion Threads

[sparky333] 12/2/2018 14:17

Utter madness !!!

[gregpeck7] 12/2/2018 12:56

Jkx up 13 percent, uen up 6 percent... Genl head bobbing.. must be time for a Genl day soon!

[kulvinder] 12/2/2018 11:55

GKP flying - and our poor old GENL???

[linton5] 12/2/2018 11:14

Cheers cyan I’ve bought some anyway,have a good one

[cyan] 12/2/2018 11:10

Good morning LINTON5

Its a bit of a waiting game. Lots of politics to be sorted ; like the elections in Iraq and where the KRG/Baghdad relationship goes.

While we wait GENL and their partners get on with the day job of maximising our production and filling our coffers with cash.

The recent turmoil has put gas developments back about a year, imo. By the autumn I would hope we are in a position to lock in partners and progress.

Brent $63.98

[linton5] 12/2/2018 11:02

So quiet here these days,what’s the crack no buyers no sellers lol

[pogue] 12/2/2018 09:59

I think we are past the bottom but may go lower than where we are short term. US shale oilers have not learnt their lesson so may push it lower but the banks who are pushing them for return on investment may, hopefully, see the light. The services industry is seeing an upturn though and that is usually a precursor to higher prices. Short term could be volatile but longer term I am hopeful we are on an upward trend, especially with Venezuela who I have high expectations for blowing up.

[cyan] 12/2/2018 09:53

Agree that the prediction game with oil is extraordinarily challenging . Who foresaw the massive collapse in POO?
I remember a commentator on TV who said POO could drop as low as $85, shock horror! lol.

At least POO is , at this moment still well over $60; Brent now $64.06

[pogue] 12/2/2018 08:33

If oil price forecasters were right they would have predicted shale oil. There are too many moving parts in the oil price and unknowns suddenly appear. A known unknown is Venezuelan potential collapse, their oil wells and infrastructure have not been maintained in years plus it looks like they are about to have a bit of turbulence with regime change. Iran is also flying close to the wind with Trump determined to clamp down on them and put sanctions back on to stop their domestic nuclear program. If everything continues along its current path prices maybe as stated but that does not normally happen. Personally to work round that I look to buy large oil sector type companies at a low price and wait, it can take a while, but you have the divis to enjoy whilst you wait. Currently I am sitting on my hands with them and their rises, though Petrofac is shouting out to me to top up, having bought a shed load over the last few years. Here is more complex but should pay out but there are more moving parts here than just the oil price.

[cyan] 11/2/2018 14:36

An interesting read. Forget about $200 any time soon though, imo.

"Oil Price Forecast 2018 - 2050

How Oil Prices Could Rise Above $200 a Barrel"



We start the week with Brent at $62.86

[hawkey2] 11/2/2018 07:32

THIS WEEK AND BEYOND......

Well how the hell will this week play out. Overall last week we were better most other oils so hopefully things will calm down for everybody.

The main things are we are producing and discovering more and more oil. Debt is coming down and hopefully some cash will turn up this week.

If we can get the politics sorted (unlikely until after the May election) we should push on bit further..

Then finally if the Dow has finished the jitters it should be a bit more stable for all.

Don't forget our end of year presentation in March and a commitment to spending 40$ million on Bini Bawi and Miran so the days are ticking and this should start soon and the alusive Gas partner may finally be revealed.

Just a thought we are pretty much a tin pot company size wise, I know we have a lot of major shareholders but why haven't Roseneft gobbled us up ??

Happy Sunday all.

Hawkey

PS There are still many many "REASONS TO BE CHEERFUL".

[pogue] 10/2/2018 12:34

Cojones
I wont miss the rise I think as the main rerate I am betting on is after May, could be wrong but I have a small core holding incase if I am wrong.
Good luck on the DOW I think the spike down is overdone as well as the markets are being irrationaly nevrvous but been burnt before trying to make sense of the short term movement of indexes. Here the price of oil is only moving GENL down a little if/when a long term future is established it will rerate, hopefully, so less of a short term gamble.

[cojones] 10/2/2018 06:43

Pogue ...how long is a piece of string?

I have been as attentive as possible with the dow's movements the last few days and am still waiting for my penultimate topup ;)
The dow's movements will always take precedenc to even that of the price of oil and after friday's late bull/bear tug of war it may have just hit my target ;)
...just dont tell everyone!

[pogue] 09/2/2018 18:50

Cojones
you said
'maybe so pogue but if the markets are going through a correction which was anticipated by the many, then this is an opportunity that doesnt arrive everyday!Wouldnt wait too long to buy on the dip ;))'

How long do you think I have got to grab a bargain considering your quote was a few days ago and at a higher price? :0) You never gave a reason why you thought it wasn't going lower either.

[cyan] 09/2/2018 16:26

Significant POO weakness is having an impact.

Brent now $63.53

[sparky333] 09/2/2018 16:14

Ridiculous price.The investing world has gone mad.This time next year Genel will have more cash than Market cap.

[dmore2] 09/2/2018 05:39

If oil keeps going down capex will be shelved

[newswseller] 08/2/2018 20:54

Copied from wshak from DNO TC *DNO SEES KRG OIL EXPORT PAYMENTS AS REGULAR IN 2018 AS 2017*DNO EXPECTS TO EXIT '18 W/ HIGHER KURDISTAN OUTPUT VS END '17

[hawkey2] 08/2/2018 18:40

Please ignore the bits under my name.

TAWKE

From the way the CEO answered the question about its production it sounded as though its leaning towards maintaining production and not much increase.

Ill be happy with that to be honest,

Hawkey

[hawkey2] 08/2/2018 18:18

DNO down 10%.......

What the hell is that about. There is a slight concern about Tawke as no one knows the future (see Taq Taq) but on the face of it I thought its more brilliant news. However DNO were pretty clear there are no issues at Tawke but have been a greater focus at Pesh. The brakes are off now and the accelerator on....

Tawke producing 97k and 5 well being drilled/ to be drilled this year

Pesh 16k BOPD per day, 30k BOPD in a couple of months and a hell of a lot more later in year hopefully, 6 yes 6 wells planned this year. One of these is the Trissic which is where the real honey is. This could truly be a monster like Tawke.

Over 330 million being spent by DNO and us on the wells.

Also we have Gas in Peshkabir......Interesting. Going to use it to push more out of Tawke.

Also worth noting their financial director bought a few shares today.

So Hawkey is Happy......Any other thoughts ?

Hawkey

Pesh and 16k per day
Pesh 16k

50 more expenditure than in 2017, 3 x what we spent in 2016

Our spend on Tawke & Pesh over 80$ million this year.