Genel Energy Share Discussion Threads

[panagos] 17/5/2018 08:50

Awooogaaa!Pogue??

[jswjsw] 17/5/2018 08:29

this is virtually selling you a pound for 50p!!
j

[nicebut] 17/5/2018 08:29

Few pennies dropping around the place today...

[d1nga] 17/5/2018 08:28

Very bullish statement , whats not to like ?

[kris akabusi] 17/5/2018 08:27

250 target smashed, re-evaluated, i'm sticking

boooooooooooooooooommmmm!

[loglorry1] 17/5/2018 07:47

Pretty much debt free now if you count payments owed (don't think that's counted in ifrs net debt but might be wrong). Feb, Mar, Apr and most of May owed at around $25m/month or more as oil price has risen. Costs to come off that obviously.

[gersemi] 17/5/2018 07:33

Yes, debt free by eoy - if they continue to drive production upwards and then considering dividends then this stock will be 500p be end-2019 or even before

I don't hold here but I follow GKP and GENL - it's the politics that freaks me out (ME, KRG, Turkey, Iran, Baghdad etc etc) - a complex web of antagonisms and hatreds

ummin' and ayein' - great company tho'

[nicebut] 17/5/2018 07:24

Going to be debt free by end of the year.

[basem1] 17/5/2018 07:16

Very nice update, loads of upside here. I bought back in yesterday.

[kulvinder] 17/5/2018 07:16

Our firm focus on capital discipline and identifying the best route to shareholder value creation has converted a material portion of these revenues into free cash flow, and our cash continues to grow at pace. This has led to a material improvement in our financial strength: as at 1 May 2018, unrestricted cash balances stood at $208 million ($162 million at 31 December 2017), with IFRS net debt at $89 million, a reduction of $46 million in the first four months or the year.Surely at that rate we will be debt free by end of the year....the story gets better and better, but how will the market react today buy or sell on the news?

[gersemi] 17/5/2018 07:10

Spectacular - a cash machine in all but name

300p + easy

variables = politics and oil price

negative debt position

[sparky333] 16/5/2018 11:05

Very good volume so far and some chunky buys.

[sparky333] 16/5/2018 10:14

Something is going on.

[top tips] 15/5/2018 19:12

Oil price up again.

[kulvinder] 15/5/2018 13:13

Seen this so many times lately, getting ready move up a leg again, they just trying to weed out the weak holders.

[sparky333] 15/5/2018 13:09

Looks to me something being worked on this area been hanging around 245 to 250 for sometime now.Which way will it break take your bets.

[jswjsw] 15/5/2018 12:08

Brent pushing up towards $80 - GENL hasn't quite caught on yet!
j

[jswjsw] 14/5/2018 10:37

Well, considering it's still trading at beneath half book value (price to assets 0.42) 500p resonates. Suitably - and not overtly - discounted, I would go for 450...
j

[kulvinder] 12/5/2018 05:47

Panagos agreed we are likely to see the 500 here very soon, needs oil to get closer 100 dollars for that to happen I think.

[panagos] 11/5/2018 20:25

You have also to bear in mind that long term sufferers might not recover all their losses so they might cyt their losses at an acceptsble for yjrm level.Say somekne bought at 500p might be hsply to get half hid miney nacm at 250....at long last!Having said that I fully expect 500p eithin 12 months from now.

[panagos] 11/5/2018 20:21

Anyway genl bb had never a huge retail following like gkp...thats why i chose it to gkp (and more managable debt)

[panagos] 11/5/2018 20:19

Nothing goes up a strsight line. For yhe records i bought at 70 and sold 75% at 130.Will not sell the rest 25% this year but if it retraces I will buy more.

[karateboy] 11/5/2018 17:41

As the company manures and becomes a boring! so it's their share holders. So they won't post just for the sake of saying something. Have a look at GKP board , you understand what I am saying. I hold GKP shares but I post rarely there. So concluding that share price is going to retrace to 180P so people not posting that frequently here is a bit stretching it. Only who sold are expecting to retrace to 180p. They are minorities as share price has gone up recently. Holders being the majority expecting the share price to recover its loses.

[panagos] 11/5/2018 11:51

lol

most are expecting a retrace to 180p.................that's why it will not happen.

:-)