Genel Energy Share Discussion Threads

[panagos] 13/3/2018 15:07

43p still buy intact
143p buy not intact
243p buy now intact?

[nicebut] 13/3/2018 14:30

Nice rise here at last. Someone buying a few?

[nicksig] 13/3/2018 14:02

Looking great

[kris akabusi] 13/3/2018 12:56

Carlalala Carlalala CarlalalaGoodbye!

[panagos] 13/3/2018 12:50

Carla's valve has been penetrated!!

[cyan] 13/3/2018 12:43

I agree; takeover more likely . The gas project being a possible catalyst;

For fun I repost Malcy's blog from April 2015;



"Finally there were some other nuggets in the interview that shareholders might like to see, looking at the way forward it seems as if one path is through strong growth and the other is if the company received an offer ‘they could not refuse’ both of which are equally likely apparently. I am convinced that Genel will be taken over at some stage and that there will be a serious consolidation of assets in Kurdistan as demonstrated by the activities mentioned above by GKP, at 476p Genel is significantly undervalued especially if Tony isnt going anywhere in a hurry."

[nicksig] 13/3/2018 12:42

Ha ha. Well done Kris

[kris akabusi] 13/3/2018 12:39

News of my eBay valve has got outBooooooommmmmmmmm!

[nicksig] 13/3/2018 12:38

Hi cyan. That figure is quite possible in the medium/long term but my guess is that they will be taken out well in advance

[sparky333] 13/3/2018 12:38

Breakout !!! 140p smashed.

[cyan] 13/3/2018 12:26

Good afternoon nicksig. £7.79. Made me reflect back to my first purchase of GENL at £7.45!. I later sold taking two quid profit PER SHARE. Seems incredible now.

I will settle for JUST four quid in three years; yes, very modest but lets not be too greedy.lol

Brent $64.69. Ok

[panagos] 13/3/2018 12:25

Ayeeeeeeee

[nicksig] 13/3/2018 12:14

Go go GENL. I’ve upped my target to £7.79

[kris akabusi] 13/3/2018 07:27

It's ok peeps I found a valve on eBay, slight water damage but cosmetic only, it'll be fine

[pogue] 13/3/2018 07:07

That is the price I am afraid I used it as an example of how pricing cannot be guaranteed for a new sour gas plant. I have been designing plant, mainly greenfield, for nearly 30 years so have a little experience in this field. I reitereate what I said before the price of the equipment used varies from client to client due to the variation in thier specs and standards. BP for example have upped their standards to crazy levels since Mondanco and anything they buy is very bespoke, this is not a BP project I am on just incase you are wondering.

[losses] 12/3/2018 21:26

I'm only interested in this saga as I have vested interest in genel so it's good to know this kind of info... £500k for a valve alone sounds out of this world for man not in the oil industry.

[pogue] 12/3/2018 20:39

Oh and D!nga dont go speccing no Chinese material valves nobody with a brain uses them on sour service unless you don’t care about the operators lives.

[pogue] 12/3/2018 20:28

Losses
just about, there a few bits and pieces to put on the valve that I did not list, positioner etc.if I get a chance I will list the finer pionts of the valve spec, but they will not add £100ks. As I said above and before the price I was shocked by it is at least 1''0' extra from what I would expect hence my raising the point months ago about the price of sour service valves.
D!nga however is convinced I am lying for some reason only known to him. D1nga you are not using the same client specs and may not even get a quote to the latest NACE, I have a quote the other day where the vendor could only supply to 1987 version! In the end I am right live with it try to have a discussion instead of trying to prove wrong something you physically cannot as I am dammed if I am posting pricing documents from my project online . I have no reason to lie about the price of valves have I? You are not the first engineer I have talked to that thought the prices were eyewatering hence the point of my original post.

[losses] 12/3/2018 18:38

Let's not jump the gun dinga get your quote and post it to close the matter.I'm a bit concerned with the price variation though £500k on one hand and £30k on the other... both you guys talking about the same thing?

[d1nga] 12/3/2018 18:09

pogue

I have requested a quote for a valve from your spec , I reckon about 35-40000 $

we will see what they come back with and put this to bed

but be warned readers he's lying scum and got caught out and kept digging a hole

[pogue] 12/3/2018 17:55

Hawkey
It indicates the duty, size, materials of construction and process data this information is the basics of the valve design. He will know what it is it.
D1nga was trying to tell everyone that the valves on sour duty were made of St St which is a lot cheaper than Inconel and that Inconel is not needed well I am showing a valve that is on sour duty and the process it is operating in that isn’t St St and the price is ludicrously more expensive from anything I have seen before for a similar duty and you need a lot of valves to build a plant. Not all will be this expensive off course but all of the ones I am seeing on this design have at least a ‘0’ added to the end of the price I would expect to see and this is not the first design of a sour gas facility I have worked on.
Genel’s cost to build a gas plant with sour service may not be as cheap as he is suggesting as design standards maybe somewhat different to what he thinks. These are numbers from a current project. Of course there is a cost factor depending on what standards you want to use but that will depend on their partner in this as they will no doubt want to use their standards.