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GENL Genel Energy Plc

63.90
0.10 (0.16%)
Last Updated: 12:24:15
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 Shares Traded Last Trade
  0.10 0.16% 63.90 487,591 12:24:15
Bid Price Offer Price High Price Low Price Open Price
63.80 64.00 64.20 63.00 64.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD 88.4M USD -61.3M USD -0.2194 -2.91 178.26M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:24:02 AT 313 63.90 GBX

Genel Energy (GENL) Latest News

Genel Energy (GENL) Discussions and Chat

Genel Energy (GENL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:24:0263.90313200.01AT
11:50:3164.0023,47915,026.56AT
11:50:2764.0023,43014,995.20O
11:49:4564.0028,31018,118.40AT
11:49:3564.0038,99424,956.16O

Genel Energy (GENL) Top Chat Posts

Top Posts
Posted at 12/12/2024 08:20 by Genel Energy Daily Update
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 63.80p.
Genel Energy currently has 279,402,863 shares in issue. The market capitalisation of Genel Energy is £178,259,027.
Genel Energy has a price to earnings ratio (PE ratio) of -2.91.
This morning GENL shares opened at 64p
Posted at 11/12/2024 17:19 by sbb1x
Mkt cap should be at least 300mShare price should be mininum 108.00
Posted at 06/12/2024 16:33 by officerdigby
80kbopd. Lol net GENL is that?
Posted at 05/12/2024 13:51 by martyre
Since the ousting of Bill Higgs by shareholders, it is difficult to follow what is actually happening with Genel.The move into Somaliland is questionable as no country recognises Somaliland, so I'm not sure how legal the contracts signed are.Costs payable by Genel for losing this case will be sizeable.Additionally, the relationship with the KRG can not be great.Looks very tempting at this price but will wait to see if oil exports resume before I invest
Posted at 04/12/2024 10:05 by justiceforthemany
Repeat. Share buy back needed.
Thick top brass.
Posted at 02/12/2024 22:53 by sporazene2
I didnt need any reminder of how utterly incompetent GENL Mgt and BoD have been over the years but this frames it. Not only were they negligent in managing the gas assets despite the tripe they fed investors but they compounded that by throwing good money after bad with this counterclaim, extremely questionable judgement. The latter likely to cost investors IRO $50m. this whilst drawing huge salaries, including massive bonuses. Absolutely stealing a living. I think it's time they were put out of their misery.
Posted at 02/12/2024 17:46 by neilyb675
I would say a low of 70p.

The market never believed for one moment that GENL was going to be given $M by the KRG, so its a bit of a wet fart.
Posted at 02/12/2024 17:08 by neilyb675
There was never anything in the price for this.
The KRG if found at fault were never gonna pay in hard cash, as they struggle to pay for oil that is produced.
This result now provides some clarity with the one remaining issue being who pays for the process:
"The Tribunal also reserved for determination in a future award(s) the allocation of the costs relating to the arbitration."

Time to move on from this, and the share price had been in an uptrend (inclusive of today) so perhaps the market is not fussed, but tomorrow will tell all.
Posted at 26/11/2024 08:15 by shareho1der
Arbitration possibly refused, and GENL may have probably lost. I am selling.
Posted at 12/11/2024 16:51 by plasybryn
S P Angel Brokers today:
Genel Energy (GENL LN) 80p, Market Cap £224m: Stable operations
Genel announced average 3Q24 production up 5% q/q to 21kb/d from the Tawke field (25% WI), which continues to deliver steady production to meet domestic market demand and generate positive cash flow
Following the $75m bond buyback, the Company now has $191m cash and $66m debt maturing in 4Q25, resulting in net cash of $125m and a reduction in ongoing interest payments.
Genel retains an overdue receivables balance of $107m owed by the KRG and expects any resolution to include the offsetting balances owed by the Company, which at the end of October amounted to ~$50m.
The timing of the award from the London-seated Miran and Bina Bawi oil and gas assets arbitration is not certain but is expected before the end of this year.
A steady operational update from Genel that has generated $20m free cash flow so far this year, with the Company anticipating maintaining a net cash position of $125m through to YE24.
Genel’s flagship Tawke field continues to drive robust cash flow generation from gross production levels of 80kb/d and opex costs of $2/bbl, where a restart to exports could more than double free cash flow levels to $100m net per annum.
To this end, lobbying continues to break the current political impasse so that international exports of Kurdistan oil can resume in a manner that properly rewards IOCs that have chosen to invest in Kurdistan.
For investors, upside could still potentially come from any of four potential catalysts in the near-term: reopening the export pipeline, recovery of the receivables, value accretive M&A and success in the arbitration against the KRG.
Posted at 12/11/2024 13:18 by sporazene2
i didnt watch the investor meet presentation the most recent have been dull and uninspiring. I think they have been saying for quite while they are looking for acquisitions. I hope its not the same people that spent all that money on sarta as they clearly have competence issues. Indeed for them to be looking for so long at acquisitions in a capital starved sector and not deliver anything is a pretty glaring demonstration of incompetence in itself.

I think the arbitration effort is pretty much lose lose for GENL, we will never get paid by the KRG if we win, they are skint.

Given we now have substantial net cash and look to be cashflow positive why are they not using some of the free cash to buy back some stock?
Genel Energy share price data is direct from the London Stock Exchange

Genel Energy Frequently Asked Questions (FAQ)

What is the current Genel Energy share price?
The current share price of Genel Energy is 63.9p.
How many Genel Energy shares are in issue?
Genel Energy has 279,402,863 shares in issue.
What is the market cap of Genel Energy?
The market capitalisation of Genel Energy is GBP 178.26 M.
What is the 1 year trading range for Genel Energy share price?
Genel Energy has traded in the range of 63.00p to 103.00p during the past year.
What is the PE ratio of Genel Energy?
The price to earnings ratio of Genel Energy is -2.91.
What is the cash to sales ratio of Genel Energy?
The cash to sales ratio of Genel Energy is 2.02.
What is the reporting currency for Genel Energy?
Genel Energy reports financial results in USD.
What is the latest annual turnover for Genel Energy?
The latest annual turnover of Genel Energy is USD 88.4M.
What is the latest annual profit for Genel Energy?
The latest annual profit of Genel Energy is USD -61.3M.
What is the registered address of Genel Energy?
The registered address for Genel Energy is 12 CASTLE STREET, ST. HELIER, JERSEY, JE2 3RT.
What is the Genel Energy website address?
The website address for Genel Energy is www.genelenergy.com.
Which industry sector does Genel Energy operate in?
Genel Energy operates in the OIL AND GAS FIELD EXPL SVCS sector.

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