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Genel Energy Share Chat (GENL)



Share Price: 187.00Bid: 186.40Ask: 186.80Change: 0.00 (0.00%)No Movement on Genel Energy
Spread: 0.40Spread as %: 0.21%Open: 178.00High: 188.00Low: 178.00Yesterday’s Close: 187.00


Share Discussion for Genel Energy


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Hawkey47
Posts: 6,109
Opinion:No Opinion
Price:187.00
RE: Bigger than expected....
Today 00:35
The American Petroleum Institute (API) reported a large crude oil inventory draw of 7.55m barrels.

If I had a pound for every analyst on CNBC who said oil should be higher but is not, I'd have a few pounds more than I've made on PMO in the last week. However, I think that is about to change.

One analyst said the opec decision is secondary to what happens with the US China meeting which was scheduled to happen tomorrow (Wednesday), but will now happen on Saturday. Can you imagine how the oil price and pmo will react on Monday if a hint of a trade deal is mentioned after Saturday's meeting??

A Perfect Storm could be brewing. America using more oil than they like to admit, the Iran crisis, and positive vibes of a trade deal between China and America. Brent will hit 70. And, by time the opec meeting is over on the 2nd of July, Brent will be 75.

Courtesy of geordieshores....
 
Hawkey47
Posts: 6,109
Opinion:No Opinion
Price:187.00
Bigger than expected....
Today 00:33
Bigger than expected......

API Weekly Energy Inventories (25 June 2019):

Crude -7.55mln (exp. -2.5mln, prev. -0.8mln)

Cushing -1.26mln (exp. -0.17mln, prev. +0.5mln)
Gasoline -3.17mln (exp. +0.3mln, prev. +1.5mln)
Distillate +0.16mln (exp. +0.5mln, prev. -0.05mln)
bunks
Posts: 4,150
Opinion:No Opinion
Price:187.00
RE: late rally in oil price
Tue 22:44
before we all get too hyped up on a 1ish% increase in o.p, I doubt they made any of their $10 million purchases today, up on pure sentiment imo. Tomorrow morning could be interesting if o.p holds and we see a material increase in volume on the buy side. Maybe G can hold off buying until Barclays get their not so smart backsides in gear. GLA
KARMAKANIX
Posts: 779
Opinion:No Opinion
Price:187.00
RE: late rally in oil price
Tue 22:19
POO shot up straight after bigger than expected draw ;-)
Doubleheadedcoin
Posts: 9,053
Opinion:No Opinion
Price:187.00
RE: late rally in oil price
Tue 22:06
ocelot
Posts: 5,918
Opinion:No Opinion
Price:187.00
late rally in oil price
Tue 21:57
has been up to $66
Hawkey47
Posts: 6,109
Opinion:No Opinion
Price:187.00
Buy Back
Tue 20:56
So how does this work. Surely its to many shares to buy in such a short time with out the SP rocket which would be ofcouse fantastic.

Does anybody with L2 think they bought any today.

We could be on to something really good here with a bit of Taq Taq news just afterwards...and if Bona romps home......BOOM

I like these bits as well....

Following the share buy-back, Genel will retain more than sufficient liquidity to further add to the strength of the portfolio, and is ACTIVELY PURSUING OPPORTUNITIES TO DO SO.

with Sarta, Qara Dagh, BINA BAWI and MIRAN providing an attractive mix of near-term production and long-term growth potential.......Why mention these 2 if you didn't think you had any chance of drilling them ?

Hawkey.
hasiba
Posts: 949
Opinion:No Opinion
Price:187.00
Sp and management
Tue 20:41
Today G announcement confirms that this management with the new ceo are aligning well with shareholders interests. Paying great dividends and share buy back will only result in increasing dividends percentage and capital growth and in the presence of pile of increasing cash and good growth prospects undertaking by G...will push the sp much higher and soon will catch up with Gkp ...
Great dividends received ...!
Happy days genelians
bunks
Posts: 4,150
Opinion:No Opinion
Price:187.00
RE: Fair volume
Tue 19:41
We've seen much higher volumes over the last month or two, with the buyback kicking in lets hope we exceed these vols on the way back up. GL
Leem1
Posts: 213
Opinion:No Opinion
Price:187.00
RE: Leem1
Tue 19:40
Yea back in but only half my holding as I keep calling this wrong and want to have some on the sidelines. Wanted a lower price but will still be happy seeing this go higher and miss out. As stated many times I wanted the bod to take some decisive action and they have done so. I meant it when I said I’d buy back. I’d rather buy now on positive news flow (if that makes sense). This share doesn’t perform how I expect lol
comeonvog
Posts: 6,899
Opinion:No Opinion
Price:187.00
Leem1
Tue 19:27
Did you get back in .
comeonvog
Posts: 6,899
Opinion:No Opinion
Price:187.00
RE: G and others v Brent This Week
Tue 19:25
cheers Boyobach, always a pleasure to read your posts and many others on this board. We are after all looking to gain something from all this. I have been going back through the last 6 months RNS's and i believe this is now the start of a well worked out plan. Divs for the ii so they hold, buy back of stock so the players have less stock to manipulate. A concerted effort towards drilling and expatiation , tie up with Chevron. We are now a lean mean production company with no debt and plenty of "material growth potential" you sell now you might never get back in lower. Now that's a conundrum .
Boyobach
Posts: 876
Opinion:No Opinion
Price:187.00
RE: G and others v Brent This Week
Tue 19:15
Cheers Leem1. I share your frustration here sometimes, you have a moan and I bash out silly charts - it all amounts to pretty much the same thing.
Boyobach
Posts: 876
Opinion:No Opinion
Price:187.00
RE: G and others v Brent This Week
Tue 19:12
Grrr - G apparently started as an entity worth around $4bn = £2.5Bn .

Would be good if I got my $ and £ the right way round!
Boyobach
Posts: 876
Opinion:No Opinion
Price:187.00
RE: G and others v Brent This Week
Tue 19:06
From last post: 'How much did G start with? Rather more I think.'

Looks like it was around $2.5Bn according to this by Garry White from the Telegraph 07 Sep 2011 :
Vallares, the oil investment vehicle floated by Nathaniel Rothschild and Tony Hayward, is expected to announce a merger with Turkish oil giant Genel Enerji as soon as Wednesday, in a deal that values the combined entity at $4bn (£2.5bn).
Leem1
Posts: 213
Opinion:No Opinion
Price:187.00
RE: G and others v Brent This Week
Tue 18:57
People have claimed Boyo is a deramper at times, but he appears pretty switched on and more cautiously optimistic than some of us. Also makes some very fair and balanced points and backs it up. I also get criticised for moaning, todays buy back may only temporarily provide share price support but it’s exactly what was needed. Sentiment had taken a turn and this vote of confidence is a good first step in attempting to put a line underneath the weakness. Credit to the company for doing it and it demonstrates they are willing to take action. Whether or not you think a buy back is sensible is another discussion, but it does show a degree of confidence. Have to see how it plays out but personally think it is a smart move
Boyobach
Posts: 876
Opinion:No Opinion
Price:187.00
RE: G and others v Brent This Week
Tue 18:48
Cheers Comeonvog and JackSalad

To be fair, I think 10 years would be a good run, they could accumulate maybe $2Bn if they just banked it couldn't they? How much did G start with? Rather more I think. They are sure to use the cash - and we expect them to - but hopefully a bit more astutely than some previous buccaneers on the board. No more expensive poking around places like Malta to locate some dust and sand, hopefully. There are risks - but let's see them shrewdly assessed. The early guys had grand ambitions and too much to spend, assumed Taq Taq was much bigger than it turned out, and went on an aggressive and fruitless campaign. They also assumed they were going to get paid promptly - no fault of Erbil: ISIS and Maliki put paid to that. Let's hope G is good for the Kurds and good for us too.
Boyobach
Posts: 876
Opinion:No Opinion
Price:187.00
RE: G and others v Brent This Week
Tue 18:28
Here’s the 15 minute Brent v Genel since last Friday’s close, G is up 5.65% whilst OP is down a touch:
https://invst.ly/b3nux

The ratio of Gsp (p) to Brent ($) was 187/64.5 = 2.9. Not quite 3 but an improvement nevertheless.

Here’s G and the others since the OP Peak near $75 of April: https://invst.ly/b3nx6

A cracking day by G’s recent standards - still a bit to go to catch Brent’s green line here though. Never mind about GKP - it’s strength v OP that counts.

This 6 month G chart: https://invst.ly/b3n-g shows the route and usual stopping places along the road to 230 and beyond. Holding 187 for starters then around 195-197, 203, 209, 218 - we’ve seen them all haven’t we?

It all hangs on OP staying in the $60 to $70 range, of course.
Doubleheadedcoin
Posts: 9,053
Opinion:No Opinion
Price:187.00
RE: Fair volume
Tue 17:16
That's actually good volume.

Split the £10 Million cash over 11 days and just keep steadily buying them back.

Like I said - someone woke to headache this morning for if short for suddenly without notice they just had to find another £10 Million plus whatever any other buyers buy up - that's to try and maintain a previous position.

There is no ganging up. The share price is 10 points up or 5.65% at the close and whilst some will have closed short positions, some others will have to do likewise or face further rises.

Ex-dividend status has also now been lifted so there should be relatively clear headway back to the 201.5p that it was the day before - and to be fair it was sold down into that from about 208p. Brent is also knowcking back at the door of $64 per barrel, The Opec meeting is pencilled in for next week and PoTUS is having a one to one meet with the Chinese president at the G20.

I will welcome it back into the 230p to 250p range where it should probably be right now.

In any case we should get a good update at the half-yearlies.

Just imo
bunks
Posts: 4,150
Opinion:No Opinion
Price:187.00
RE: Divi Payment
Tue 16:53
From the Ultra agile Barclays, everso smart investor people:
I have had a look into the details of the dividend, and can confirm that the payment date was 24/06 as you have mentioned. Please note, however, that this will be the date that the Genel registrars will issue the payment as a lump sum to us, as your nominee broker. From here, it is our job to split this between all account holders- an activity we aim to complete 48 hours of receipt of the payment. There are, however, some instances where this can be take a little longer and, for this reason, we allow for a 10 day Service Level Agreement to complete before launching a full investigation into why they have not yet been paid.

I sympathise with any frustrations you may have and I can only hope you have not been inconvenienced. If you would like any further information on this, please don't hesitate to get back in touch. For a faster response, you may be interested in using our live chat facility which can be found at the bottom of any page when logged in to your account.
bunks
Posts: 4,150
Opinion:No Opinion
Price:186.80
Fair volume
Tue 16:44
1,125,314 but nothing major
ocelot
Posts: 5,918
Opinion:No Opinion
Price:187.00
RE: Sellers
Tue 16:41
Not easy to make headway against Genel's cash flow!
broadland
Posts: 88
Opinion:No Opinion
Price:187.20
Sellers
Tue 16:21
They seem to be ganging up on genl at the moment but not making any movement on the S P
broadland
Posts: 88
Opinion:No Opinion
Price:187.20
Sellers
Tue 16:21
They seem to be ganging up on genl at the moment but not making any movement on the S P
Doubleheadedcoin
Posts: 9,053
Opinion:No Opinion
Price:186.80
Same Again
Tue 16:12
For a further 10 days and we will be back to looking a bit more reflective of the progress that has been made and the many suitcases of money that are being generated.

Breakeven cost per barrel is around $17.

No Phd in Maths required.

Just imo




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