Genel Energy Share Discussion Threads

[panagos] 13/4/2018 09:15

GENL has just been upgraded by Stifel from hold to buy, target price £2.20

[investordave] 13/4/2018 08:31

They appear to be desperate to keep the share price down.

[kris akabusi] 12/4/2018 20:28

May taking action against Syria, that'll bump POO

[loglorry1] 12/4/2018 14:27

Lol of course they are a gimmie. They may get even more if they perform but you can bet by doing pretty much their job they'll get loads of free shares.

Same everywhere though.

[panagos] 12/4/2018 13:03

At least their pockets are aligned to ours but we happened to PURCHASE our own shares....let's hope they deliver the goods.

[d1nga] 12/4/2018 12:54

Not seen the actual targets but lets hope they aren't just a 'gimme' but true kpi's that will make us ALL happy

[panagos] 12/4/2018 12:10

Have you seen the share award RNS today?

Anyone know what the performance targets are for the next 3 years?

[nicebut] 12/4/2018 11:25

Why? Because of the geopolitical situation?

You may well be right.
It`s been delayed for some time already. I wonder because of where we sit in the cycle if someone will just come along and snap GENL up while its cheap? I`m assuming that`s why the share price has gone up recently too. Its still very undervalued. IMO

loglorry112 Apr '18 - 11:09 - 24496 of 24498

"I can't see a lot of money being spend to develop it."

[cyan] 12/4/2018 11:11

I just dipped into results history , at random. In 3rd quarter 2015 GENL had from Taq Taq 49,800 bpd; not sure if that was the peak.

There has been a substantial fall there and works at stabilizing output are on going.
I believe they have a new reservoir there they are pumping now.

The share was badly hit by the Taq Taq decline. However; oil was just $37 then and we have nearly doubled since!

Its the gas that will truly transform GENL's fortunes. The numbers are gigantic.

[loglorry1] 12/4/2018 11:09

Pesh has gone some way to compensate for Taq Taq but as far as reserves are concerned it was a big blow. Pesh may make up the difference eventually but don't forget a lot of capex was sunk into Taq Taq too which needs to be spent again.

The gas has huge potential but its stuck for now and until politics are resolved I can't see a lot of money being spend to develop it. If this was a spivy AIM company the directors would spin the value of the gas to the moon but its not. It doesn't really matter how much gas there is if nobody wants to risk deploying the cash to get it to market. Also I'm not sure how sour the gas is. That is a worry I think which is being played down.

In many ways I see the gas situation like the one at Fortuna for OPHR.

I'm not trying to talk down the price and I'm happy it has recovered from lows but we have to be realistic here.

[nicebut] 12/4/2018 10:50

What did Taq Taq produce at its peak, net to GENEL?

They are saying Pesh will be producing 30kbopd by the summer- Not bad from a standing start....

[cyan] 12/4/2018 10:04

Good morning Loglorry1.

The Taq Taq downgrade of reserves definitely hit the price. I do not believe "irreversible" damage has been done .


Since then the outstanding Pesh discovery has produced stunning flow rates.

Undoubtedly , its the gas that ought to propel GENL back towards old highs.

The volumes have been very substantially uprated in the recent CPR.

We are talking about the equivalent of approximately TWO BILLION BARRELS of oil and those fields are 100% GENL's.

We even have assured, signed contracts on the supply to processing that will throw off circa £400 m STERLING per annum when developed.

Of course the great news in the meantime is POO. Brent now $72.04. The strength of POO is lifting earnings.

[panagos] 12/4/2018 08:40

Damn!!I was expectimg a pogue post!

[scoble2] 12/4/2018 08:31

Iraqi oil minister Jabar al-Luaibi had asked the court to issue a ruling that bans independent oil exports from the KRG, which started in 2014, through a pipeline across Turkey.

[panagos] 12/4/2018 08:17

It's tiiiiimmeeee for aaa ..... pogue post!!

[loglorry1] 12/4/2018 07:45

There no point ignoring the fact that the problems at Taq Taq have had an irreversible affect of the value of Genel. I can't see it recovering all it's losses (unless a very good gas deal works out).

Having said that I can see a bidder paying substantially more than the current price. With the shares so tightly held it won't be sold on the cheap either.

[kris akabusi] 11/4/2018 23:49

I'm in, ballllllls deepAwoooooga!

[panagos] 11/4/2018 19:17

Actually reverse merger of genel into vallares was £2b at £10 so my maths above dont add up...there might have been a bit of dilution on the way down

[panagos] 11/4/2018 18:49

£1 billion i.e. halh what they initially invested = £3.50?

[urchin1] 11/4/2018 18:21

What would be a fair takeover offer that might be acceptable to BOD?

[sparky333] 11/4/2018 16:26

Riyadh under missile attack !!!

[cyan] 11/4/2018 15:59

TLW is flying; standby for lift off here soon. Brent now $72.94 Amazing