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GENL Genel Energy Plc

83.30
-0.50 (-0.60%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Genel Energy Plc LSE:GENL London Ordinary Share JE00B55Q3P39 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.60% 83.30 83.80 84.40 85.20 82.50 85.20 353,603 16:35:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 432.7M -7.3M -0.0261 -32.07 233.86M
Genel Energy Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker GENL. The last closing price for Genel Energy was 83.80p. Over the last year, Genel Energy shares have traded in a share price range of 64.90p to 136.20p.

Genel Energy currently has 279,402,900 shares in issue. The market capitalisation of Genel Energy is £233.86 million. Genel Energy has a price to earnings ratio (PE ratio) of -32.07.

Genel Energy Share Discussion Threads

Showing 24601 to 24624 of 35650 messages
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DateSubjectAuthorDiscuss
18/4/2018
14:35
? I thought they were reasonable questions. Most other oilies are flying today. Why aren't we? Just geo political risks?
investordave
18/4/2018
14:31
Are you for real ?
sparky333
18/4/2018
14:25
Are we being shorted?
investordave
18/4/2018
14:14
Anyone care to speculate on why the share price is performing so poorly compared to other oilies at a time when the POO is so high?
investordave
18/4/2018
12:45
Before the KRG referendum fall out I was expecting a deal could have been closed by the end of 2017 and I think GENL had similar expectations.

It does appear the push towards gas development has been put back a year. Actually that may have turned into a lucky break because POO has shot up and we can now, maybe, move ahead on a 100% basis as per 12th April results extract I posted earlier.

Time will tell. In the meantime the cash keeps building up.

Brent now $72.92. Great

cyan
18/4/2018
12:33
oil is on fire, going towards $73!
panagos
18/4/2018
12:32
bina and miran will probably be drilled for oil in 2018.

Gas is the biggie but when? We've been hearing that story for ages, no?

panagos
18/4/2018
11:57
The increase in POO is most welcome and will impact significantly in future months.

For me this section from the results was the most exciting. It signals GENL's intent to progress Miran and Bina Bawi THIS YEAR.

673865 12-Apr-2018
"Some of these near-term cash-generative opportunities can be found within the Genel portfolio. The significant increase in high-value Bina Bawi 2C oil resources we saw in the recent CPR by RPS Consultants offers a tangible opportunity. As Bina Bawi oil is both high-quality and in close proximity to the Taq Taq field and associated export infrastructure, it is an attractive near-term development candidate for the Company.

This would be the beginning of tangible value crystallisation of our Bina Bawi and Miran assets, another key strategic focus for Genel. In 2017 we moved towards this goal through the finalisation of PSC amendments together with the Gas Lifting Agreements ('GLA's) for both fields, incorporating the commercial terms as announced in the term sheets signed in 2015. This provided certainty and allowed the progression of talks with potential partners, which were slowed down following developments in the KRI in the second half of 2017. Entering 2018 we are now in a stronger position to move the project forward, with upstream materially de-risked. The updated CPRs, announced in January 2018 confirmed a c.40% increase in gross combined 2C resources to almost 15 Tcf. Even at a 1C level, gross raw gas resource estimates are significantly higher than the gas volumes agreed under the Gas Lifting Agreements.

The extension to the schedule for satisfying the conditions precedent, signed in January 2018, provided further clarity over the timetable, and the bolstered financial position of the Company means that we are well-positioned to progress with the building blocks of value creation. We have optionality about the progression of the project, with the ability to take the upstream towards FID with 100% ownership, should this be the best way to maximise shareholder value. Expenditure will remain prudent, as the upstream development matches the progress of the midstream. An extended well test at Bina Bawi will then provide valuable data on well deliverability and gas composition, and we will proactively engage with potential farm-in partners at the best possible time and terms for Genel. Bina Bawi and Miran remain a significant opportunity for Genel, and we will work to convert that opportunity into shareholder value in 2018."

Brent $72.30 fantastic

cyan
18/4/2018
11:31
cyan

Brent @ $72.40

excellent!

panagos
18/4/2018
08:42
You would think today's news was bad considering the volume of sales. There are a lot of idiots out there.
investordave
18/4/2018
07:13
yep, looks like a 2 quid day...
panagos
18/4/2018
06:24
Cash cow, and as Pesh builds up the cash pile will increase and even more, never mind the light oil in the 2 giant gas fields
sparky333
18/4/2018
06:21
2 pounds today?
panagos
18/4/2018
06:16
Cash camel
kris akabusi
18/4/2018
06:14
another $26.5m added to the bank
d1nga
17/4/2018
18:33
So GKP have been paid today and we don't appear to have been.

First time I have ever known that to happen with us following them.

I wonder if its anything do do with DNO Operational and Finance Update next Thursday.

So the questions are:

Will this months payments be the highest ever.

Will be Peshkibir be over 20k BPOD yet.

How is Peshkabir 4 progressing.

Have DNO made any progress in Somaliland, there blocks are next to ours. Please don't say there won't be some kind of tie up at some stage.

Has our major bond holder DNB (Norway) got links to DNO.

Any thoughts ??

Hawkey

hawkey2
17/4/2018
17:36
Very good volume and a couple of huge buys; 166,717 and 215,584
cyan
17/4/2018
10:42
Malcy comments on oil market today;



"I suspect that the downside for the oil price is pretty limited for the time being."
====================================================================================

Yes, looks pretty good. We are in dreamland now with POO in the $70's because of the impact on earnings.

Brent now $71.71 , excellent

cyan
17/4/2018
08:00
For Kurdi lovers:

SNM another Kurdi stock I hold (Atrush field) has just ben upgraded to buy from hold.

First buy recommendation for it ever.

panagos
16/4/2018
18:58
We bought back and cancelled some bonds last year.The info is from bloomberg and is up to date.Could be just a coincidence but DNB and DNO even sound like sisters! LoL
panagos
16/4/2018
18:42
How does this debt stuff work.

When can we buy it back ?

At the moment we haven't bought back any have we.

Very very interesting information.

How the web was woven.


Hawkey

hawkey2
16/4/2018
18:39
Hi pangagas,

Looks to be good news.

Where did you get that info from please.

Thanks

Hawkey

hawkey2
16/4/2018
09:26
DNB ASA is GENL's largest bond holder with 5.72% of outstanding bonds today.

DNB ASA happens to be the largest financial institution in Norway.

Why would the larest financial institution on Norway OF ALL countries be the largest debt holder of GENL?

Maybe DNO our TAWKE / PESH partner are behind them?

Maybe during the share price crash from 10 pounds to 50p DNO via DNB were buying up the debt in case of a debt to equity swap getting in an advantageous position for GENL takeover?

Maybe that's why GENL is so eager to buy back debt no it's in comfortable cash flow situation?

Maybe I am just paranoid? (lol Black Sabbath style!)

panagos
15/4/2018
18:08
You do not have to convince me panagos; GENL is undervalued and has a long way to go , especially when the gas is turned on,lol
cyan
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