Genel Energy Share Discussion Threads

[carla1] 21/2/2018 10:39

Ask malcy before you post !!!

[cyan] 21/2/2018 10:10

The majors take a really take a long strategic view of the market. BP is mainly invested in gas now. ;



"BP says world's oil consumption will peak in late 2030s"

Brent $64.62

[panagos] 21/2/2018 09:27

WAYAYYYYYEEE!

[kris akabusi] 21/2/2018 08:51

350p sell order intact

[panagos] 21/2/2018 08:37

43p buy order intact.

[carla1] 21/2/2018 08:12

Yep... but reduced buy order

[newswseller] 21/2/2018 08:06

43p buy order active....

[carla1] 21/2/2018 07:52

Good morning investors...Looking for a smash and grab at the 105p level... looks like the market will take us there... big sell off due... markets to hot

[pogue] 21/2/2018 07:11

Hawkey
gas is the big thing for all the majors just now, they want to buy gas assets and devlop them. Once back under the more stable, relatively, governance of Baghdad I am guessing Genil will become a prime target, hopefully its a sell out fast bucks no more hassles clean profit. That's the good scenario for me.

[kulvinder] 21/2/2018 06:35

Can you give us a clue what you always going on about?

[pogue] 20/2/2018 21:49

What Jimmy Carter said was true there was only 35 years worth of known and extractable oil then now we have got new ways of extracting more oil from existing wells and getting oil from placed not thought possible, eg Canadian tar sands and US shale. Short term ie the next couple of years in which the original discussion was framed I see shale oilers being the biggest threat whilst a collapse in one or more oil producers seems the most likely antidote. Shalers may work out that drilling like mad does not actually help them but you would have thought they learnt that already but they are not acting so. 2 countries most likely to have large produce taken out are Venezuela and Iran, the former due to civil unrest and bad field management and the latter as Trump wants the nuclear deal letting them sell oil for stopping building nukes repealed and is set not to sign the next renewal in a few months. If you are hoping for an as yet unknown event to come to your aid and push up prices then it is equally likely an unknown event can happen to pull down prices so you are only left with the ones you can reasonably foresee on which to base your planning unless you are just betting and not investing off course.
Red or black :0)

[hawkey2] 20/2/2018 21:37

Firstly I don't believe we can continue as we are. We are just to small a company with potentially to many assets to produce.

How the end will coem who knows but a 2 or 3 way merger could happen with one buying the other and buying the other. (DNO, GKP, Genel)

Or all 3 of us could get gobbled up by a big boy. I would imagine for about 1.5-2$ Billion you could get all 3.

Who the hell knows. i just wish they would get on with it a bit.

Decent day today but only made up for yesterday. So Wednesday we start as Monday.......What will tomorrow bring. We could do with some news from Kurdistan and some decent volume.

Good Luck Genelains......

Hawkey

[mark88man] 20/2/2018 16:47

I understood that there were only ever 35 years reserves, because that's as far out as the oilers look

[cyan] 20/2/2018 14:43

Some times optimism is proved correct; sometimes pessimism is proved right.

A few days ago I heard a part of a radio program which I think was about those opposing sentiments. They played a short extract of a speech from President Jimmy CARTER recorded in 1976. In the speech he was warning that the worlds oil reserves would be exhausted in 35 years!
Wow!. Got that completely wrong . We have more than enough it seems; a glut which requires production cuts.

We did not see PO's collapse, and I have been surprised at our recovery.

We have to judge GENL's prospects on what we do know. About the cheapest drilling costs in the world; 35,000 barrels per day production and gigantic gas reserves to produce at an already agreed price, once politics are sorted .

I remain optimistic but constantly monitor.

Brent $65.23

[cyan] 20/2/2018 11:30

£2 is really not very much . It would increase my gains here dramatically but we really are, imo, worth more .

Its interesting to speculate but I doubt there will be any early move.
Once politics are sorted we will be at 165p again ahead of the gas deal, imo.
We got there last year with POO over $10 lower!! In theory we could be pushing 200p BEFORE signing the gas deal.


Brent $65.04

[kulvinder] 20/2/2018 11:22

Would you be happy if all the bid came in at was £2? I want the share price to rise on it's own merit and it's investment potential, as I think that will be worth more then any bid that tries to take us out on the cheap knowing well what the potential future revenue is likely to be.

[cyan] 20/2/2018 11:04

One has to factor in the awkward politics . However, the numbers we do have suggest full year oil revenues, going forward, of over £200 million Sterling.
From the February 2017 announcement on gas production terms that the revenue there will be about £400 million p.a.

In the years to come, assuming gas flows as planned and POO remains priced as it is ; we should see, maybe £600 million earnings pa.

The really interesting question is; will GENL get taken over before the gas flows and for what price.?

With a market cap now of £330 million , producing as we are, imo we are an interesting potential target. Any move most likely after a clearer resolution of the O & G oversight issues.

Brent $64.91

[nicksig] 20/2/2018 10:14

I've seen it time and again: people buy high and hold all the way down and then sell before the stock recovers - and then often haunts bbs such as these with anger for years to come. GENL is in a much better place than it was 2 years ago and if payments continue and they start to develop Bina Bawi at low cost then it could become a very profitable outfit. I'm not bothered that they don't do the roadshows etc to ramp the share price - I'm more interested in their development plans moving forward

[cyan] 20/2/2018 09:59

Looks like the disgruntled LSE investor bought in 2015; 200 to 500p maybe.

It pays to keep a regular eye on your investments.

There has been plenty of opportunity to trade and make some decent money in GENL.

By and large , the management have performed as well as one could expect given the collapse in POO and all the other troubles.

There is hope, imo, that we will see 2015 prices again when the gas is flowing.

Brent is now $65.27 which is helpful.