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
  6.20 6.26% 105.20 1,307,924 16:35:18
Bid Price Offer Price High Price Low Price Open Price
105.60 106.60 110.20 95.10 101.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 284.42 78.87 28.50 3.4 293
Last Trade Time Trade Type Trade Size Trade Price Currency
17:04:12 O 210 105.205 GBX

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Genel Energy Daily Update: Genel Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker GENL. The last closing price for Genel Energy was 99p.
Genel Energy Plc has a 4 week average price of 53.10p and a 12 week average price of 53.10p.
The 1 year high share price is 233.50p while the 1 year low share price is currently 53.10p.
There are currently 278,731,234 shares in issue and the average daily traded volume is 1,039,504 shares. The market capitalisation of Genel Energy Plc is £293,225,258.17.
crossing_the_rubicon: Wow how volatile is this market GENL.L 83.80 +23.80 +39.67% Well ahead of GKP for all you share price comparison worriers!! GKP.L 66.00 +14.10 +27.17%
tygarreg: Could not resist a top up at this price! Increasing divi promised. Payments on track, cheap oil. Great divi and good chance of share price rise from 168 at some time soon. If not, it's still a great return. May dabble in a bit of Glen and GLP too!
nodoe: So we are an oil apparently we are lower than snakes bellies because we produce oil......and all these 'Nay sayers', 'Greenies' and 'Do gooders' never get on an aircraft, never drive a car, don't use 3 in 1, don't heat their houses don't go to supermarkets, where lorries deliver goods, order off Amazon or online, where vans deliver their stuff... or even wear contact lenses.....and Boyo, you are such a subtle 'deramper' I've given up reading your depressing posts. So lets put facts here We have a top class team, We are over $100 cash positive We are producing loads of oil and loads of cash daily and more soon.....fuk the nay sayers, we're doing great, the share price will follow!!! Rant over
goldrush: Guys When you look at Bilgin Enerji our 20% or so shareholder and now is a big we really not see them pulling off a gas deal with us ? This is what the share price what price when they announce the deal which could be sooner than many think ? All IMHO.
kulvinder: SMALL CAP SHARE IDEAS: Is Genel Energy a potential income stock? Oiler's cash-flow improves as Iraqi Kurdistan becomes more stable By Philip Whiterow, Proactive Investors, For Published: 15:04, 18 November 2019 | Updated: 15:04, 18 November 2019 Recent numbers from Genel Energy underlined the improvement both in its situation and in the part of Iraqi Kurdistan where it operates. Production was up, but so was the amount of cash generated by the oil group. In total, Genel has generated $413million so far in 2019 and had net cash of $115million at the end of September. Five years ago Genel had a market capitalisation over £3bn, but now still finds itself valued at less than a quarter of that It's a marked change in fortune for the UK-listed oiler, where only a few years ago the region's economic difficulties and the fight against ISIS meant oil companies operating in the region struggled to get paid. A slump in crude prices and internal disputes between Kurdish authorities and their Iraqi counterparts added to the pressure. One of the casualties was Genel, which five years ago had a market capitalisation over £3billion, but now still finds itself valued at less than a quarter of that. Unsurprisingly, sentiment towards the stock closely follows the political and economic situation in Kurdistan. ISIS's gradual decline means the region is increasingly stable, while increased revenues from oil sales and a series of economic reforms has helped to transform the economy. Under former chief executive Murat Özgül, who stepped down in early April, and his successor, the company's former chief operating officer, Bill Higgs, Genel's balance sheet has been transformed. 'The economic situation in Kurdistan has improved to such an extent that we've now been paid flawlessly for three-and-a-half years by the Kurdistan Regional Government,' says Higgs. This reliability has more than offset a drop in production at Genel's key asset, Taq Taq, which saw peak production of over 100,000 barrels daily (bopd) but is now increasing from a stable base of around 14,000bopd. Genel is targeting production of a net 36,900bopd in 2019. Another recent boost has been a tie-up with Chevron, the US supermajor where Higgs used to work. In January, Genel snapped up stakes in two of Chevron's projects in Kurdistan called Sarta and Qara Dagh with the former due to come on-stream next year. These fields are estimated to host as much as 150million barrels of oil, so there is plenty of upside potential. Sarta and Qara Dagh are convenient in that Higgs and his team know the area well, but he says the quality of a project is more important than its location. 'If Sarta had come up anywhere in the world, we would have done that deal. We're agnostic to the location and it's really about the characteristics of the deal. What we want is projects that are near to cash generation,' he explained. ISIS's gradual decline means the region is increasingly stable, while increased revenues from oil sales and a series of economic reforms has helped to transform the economy Behind this, Genel has a 'free option' on a couple of enormous oil and gas fields in its usual hunting grounds, which have often been talked up as potential game-changers. The plan is to develop Bina Bawi first as it's the smaller asset, before moving onto Miran further down the line. 'Once you've demonstrated that you can get one running, then you can go and build another one and another one.' Because Miran has been pushed to the back of the queue, Genel took a decision to write down its value, although it believes the quality and potential of the asset remains unchanged. Despite all the investment planned in 2019 and beyond, Genel has confirmed it will pay an interim dividend of 5 cents per share next month and to increase it going forward. 'Given the fact that we're making all that investment in growth and still making all this cash, we thought it was the right time to start returning some of that cash to shareholders,' Higgs said. Genel believes it can generate at least $100million of free cash flow annually based on a conservative $45 per barrel oil price. Not that oil prices that high are a requirement. One of the benefits of working in Kurdistan are the low operating costs, which means the company remains cash-generative even at $35 a barrel. Rapid payback from low break-even assets gives us resilience and significant flexibility says Higgs and it's a combination that is getting noticed especially by those nearby. Ankara-based Bilgin Grup Dogal Gaz, for example, has edged its stake above 20 per cent recently. There is also activity away from Kurdistan, where Genel says farm-out talks have started on an onshore block in Somaliland in Africa. Here, it has just taken 100 per cent ownership of a block with 'multiple stacked prospects' that it estimates each contain an estimated 200million barrels and that are hardly recognised in the current share price of 211p.
whiskeyinthejar: cyan, whats happening now, what may happen and SENTIMENT are 3 different things. Isis didn't affect Genel's operations and they got paid eventually. But share price still hasn't recovered. It's a third what it was when Mosel fell. Genels share price reflects perceived political risk. Anyway, much is priced in.
chopsy: Yes, I'd imagine so. I've been reflecting on the share buy back. The purpose is not to drive the share price up, but to acquire/treasurise/cancel as many cheap shares as they can, so it may fit the bill to stop buying from time to time to let the share price fall again. Eventually, presumably after the buying campaign is complete, good news will catapult the share price higher. Is a win win situation. It also means we can buy low now in the expectation that we are in good company.
kulvinder: Wow this has taken some doing, it has taken threat of war for the oil price to rise and in turn the Genl share price to get past the psychological 200 mark. Long may it continue and we do get to see that 300 again, at which point, many I feel will sell for the fear of this dropping back into the low 200's. The dream for me getting to that 500 mark by end 2019, early 2020 has disappeared into the sunset, since the last time this hit 300 last July, it was not able to continue on from there, instead it dropped all the way back to the 150's, then back up to the 230's followed by back down to the 160's and now back up to around 200. Just shows the real money on this was to be gained by letting go of your holding and buying back at a lower price, but the so called investor in me just would not let me do that as I am such a big believer that this will just as I let go will then go on a gallop like Kaz did between mid 2016 to early 2018 from the 70p area to above £10, and as a result will miss out on the big money, having been here for nearly 5 years from the time we last saw that elusive 500 and above not having as all the invesment experts say hold for the long term as a good investment will evenually value out.
nicebut: Please see below responses to recent shareholder enquiries. Should you wish to submit a question please contact CAN YOU PLEASE COMMENT ON THE RECENT SHARE PRICE FALL? WHAT DOES THE COMPANY PLAN TO DO TO PROVIDE STABILITY AND STRENGTH TO THE SHARE PRICE? “There is no company specific reason for the share price fall. We continue to produce in line with guidance and expect to increase production by 10% year-on-year, a strong performance for our mature fields. We are generating cash, paying a meaningful dividend, and have opportunities in the organic portfolio that have the potential to generate material shareholder value. Genel is focused on delivery – drilling wells, making money, and progressing our opportunities. We also continue to appraise opportunities to make value accretive additions to the portfolio, although given the current strength of the existing portfolio and the opportunities available in it we will continue to be highly selective.”
panagos: Yep, genl share price will also become absolutely fantastic when market-monkeys start bidding stock between each other, should be soon too.
Genel Energy share price data is direct from the London Stock Exchange
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