Genel Energy Share Discussion Threads

[cyan] 21/5/2018 10:32

On 19th April I posted the line;

"Brent $74.32 , fantastic. 200p is getting much closer. Can we reach 200p before Friday's close?"

A month on and I now ask ; can we reach 300p before Friday's close?

Where will we be by years end?

Brent now $79.02

[panagos] 21/5/2018 10:25

boiler room hoitting up share?

anti-pogue style?

[hottingup] 21/5/2018 10:04

Amerisur (AMER)

Fully funder 14 well onshore drilling program starting next month.
Zero debt and £40m cash in the bank.
Already producing oil and cash flow positive.

[pogue] 21/5/2018 07:46

yasharsad
the list I was replying to contained a lot of old news that was still valid, have you got a link saying Iran has changed its stance on $60 oil I have been watching the news for that but have seen none.

[craigo121] 21/5/2018 07:08

Done well with GEN but moving 10% of my stock over to WEB(webis) Relaxed US gaming laws have opened up a trillion dollar market webis are perfectly POISED to take advantage 10 bagger or huge takeover target end quarter

[yasharsad] 21/5/2018 00:03

Muqtada sadr has to make a coalition to form the government and probably one of his main options is a coalition with kurds such as barezanis. Gla and fingers crossed. Coming days will be interesting to watch.

[yasharsad] 21/5/2018 00:01

It is an old news and i saw it in iranian news sites back then. The translation is not accurate. He said it is a fair price. And it was before trumps war started on iranians.

[chopsy] 20/5/2018 14:21

The election has been won by Muqtada Al Sadr. Do we know his views on co-operation with KRG regarding oil exports via Turkey etc?

[karateboy] 20/5/2018 14:10

I think saying Iran wants oil at $60 is a bit stupid. Iran needs all the foreign currency they can get. It's local currency has been devalued by 50% since March 2018 compared with dollar. What Iran has said I don't want to cut my oil production , and any cut in oil production mainly should come from Saudis as they are producing 10m barrels a day . This argument was mainly accepted by Saudis. This does not mean Iran wants oil at $60. Don't be surprised if Genl share price recovers all its loses in the next few years and hits £10 and more with Somali land oil discovery....

[panagos] 20/5/2018 12:29

well well.... look who's here calling genl a sell at 94p.

Some people have no sense of honour what-so-ever.

[pogue] 20/5/2018 12:20

2 points I disagree with
Russia is wanting to increase production and are looking a bit more fragile in their agreement with OPEC for cuts
Iran wants oil at around $60 a barrel, mad but they want to hurt Saudis and especially ARAMCO float, so all of OPEC not in agreement over increase in prices

You should add in shale producers in US are hitting limits due to pipelines for exporting the product becoming full plus lack of skilled workers etc. The banks that effectively own most off them are starting to look at wanting money back rather than just drill constantly apart from replacing depleted wells.
Next week US may impose sanctions on Venezuelan oil which it has avoided so far this will be a massive step change. Two options ban imports to US or worse, for Venezuela, ban US exports of light crude to Venezuela that they need to mix with their heavy stuff to make it flow.

[marvelman] 20/5/2018 11:09

Excellent post Hawkeye..many thanks

[hawkey2] 19/5/2018 19:54

REASONS TO BE CHEERFUL

Oil production increasing every month.
KRG finances now looking secure due to oil price/increased production
Muqtada al-Sadr election winner is inclusive and pro kurds
USA biggest base in the world built in Kurdistan almost complete.
All border crossing open now
Iraqi paying some Kurdistan salaries.
Most international flights now resumed to Kurdistan
Massive support from European countries for KRG
ISIL defeated.

Oil on the rise now touching 80$ a barrel.
Venezuela & Iran situations likely to keep oil price rising
Saudis desperate to get oil over 80$ and higher for IPO.
OPEC countries likely to agree to extend current deal, self interest.
Worldwide demand much higher than anticipated touching 100m BOPD
API drawdowns regular and Worldwide oil glut now gone
Future oil shortfall now very likely due to lack of investment shrinking.

Roseneft lending KRG up to 3$ billion
Roseneft agree massive exploration & development programme
Roseneft recent visit to Kurdistan ? Finalising plans ?
Several Gas pipelines in process of being built on by Roseneft
GAZPROM drilling and spending hugely in Kurdistan

New Chairman, New World class CFO, New Dynamic COO
Payments now regular every month for 32 months in difficult circumstances
Payment increases due to payment "R" factor worth over 400$ million
Payment of 26-28$ million due in coming days
Free Cash flow huge over 140$ million last year and much higher this year.
Over 80% of all shares owned by only 5 major institutions.
Very small free float. Hard to buy large volumes on occasions.
Very large traded volume most days in recent weeks
Share price mirroring its downward spiral, much more to go.
Share price nearly £3 and rising.
New Bond issue securing finance for 5 years.

Some of lowest Production cost in the world.
Market cap 3ish x less net assets.
Net debt paid down considerably and will be debt free end of year.
Breakeven at less than 20$ per Barrels.

Peshkabir being spoken about as "most exciting find" in DNO Chairman’s career.
Peshkabir producing 30k BOPD any day now.
Peshkabir expected higher than this at year end.
Peshkabir 4, drilling now started.
Peshkibar 5 reached target depth testing, Pesh 6 drilling ahead
Up to 5 new wells being drilled in Tawke to increase production in 2018.
DNO committed to spending record Capex in 2018. 50% more than last year.
Taq Taq new oil find confirmed, 145 meters deeper than thoightpossibly more to follow.
Taq Taq CPR stating new reserves.
Taq Taq drilling torecommence very soon.
Bina Bawi & Miran updated CPR showing huge increase in resource 27% + 78%.
Bina Bawi could be flowing within 6 months of project start up.
New CPR No price or volume risk with either Gas fields
Genel now financially able to go it alone on upstream project. No partner needed.

Somaliland 2D Seismic being processed, drilling expected next year
Somaliland massive basin akin to Yemin, unexplored.
Somaliland potentially 2 Billion plus barrels of Oil.
Somaliland huge port being built near our acreage

[nicebut] 18/5/2018 15:46

Yup agree re director buys.

...£3 on Monday or Tuesday...IMO

[amr2o17] 18/5/2018 15:40

The recent directors buy also instil confidence as far as I'm concerned; punting their own hard-earned instead of relying on yet more freebies at shareholders' expense, a la GKP...

[sparky333] 18/5/2018 13:32

GKP v Genel They are not in the same league.All the fundamentals point to Genel and in fact if we are playing that game Genel should be double GKP market cap minimum.

[panagos] 18/5/2018 13:25

Price / bookGENL 0.68GKP 1.42

[panagos] 18/5/2018 13:24

P/EGENL 4GKP 47LOL

[phillis] 18/5/2018 13:11

GKP has untested management
Genel has DNO looking after their best asset

[amr2o17] 18/5/2018 13:05

jon - as previously commented by me, the management trumps that question, and discounts Gkp for me personally. But with a p/e of about 3, and the prospects ahead for the bottom line, this is absurdly undervalued imo.Market seems to share that view at last

[jon1962] 18/5/2018 13:00

Which is more undervalued this or gkp anyone?

[sparky333] 18/5/2018 12:53

If the US play today we may push 300pIn a holding pattern at the moment

[amr2o17] 18/5/2018 12:51

Tend to agree. Had sworn I'd never touch anything in Iraq again, but substantial payments are established enough now to meaningfully mitigate the corruption issue, as well as the progression away from the former clans running the joint.Take politics out of the picture and this company couldn't be any more undervalued, and with the gas etc not factored in yet...well, a long way to go imo

[d1nga] 18/5/2018 12:41

Its really hard to call tbh , politicd appear to be settling down but could easily turn into a tinderbox again , throwing out cash like theres no tomorrow , I suspect theyll drill bina bawi alone for the early oil and appraise the gas and eventually be taken out , what price ? A lot more than where we are now .