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Genel Energy Share Chat (GENL)



Share Price: 509.00Bid: 508.00Ask: 509.00Change: 7.50 (+1.50%)Riser - Genel Energy
Spread: 1.00Spread as %: 0.20%Open: 502.00High: 513.00Low: 496.50Yesterday’s Close: 501.50


Share Discussion for Genel Energy (GENL)


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Del44
Posts: 3,111
Off Topic
Opinion:No Opinion
Price:509.00
KRG bond delayed!!
Today 21:18
Kurdistan bond sale delayed by Iraqi doubts

Iraqi Kurdish plans for greater financial autonomy are being hampered by opposition to a debut bond sale that would leave the region paying one of the highest borrowing rates in sovereign markets.
Oil-rich Kurdistan had been expected to make its debut on international capital markets earlier this week with a $500m-$1bn sale of quasi-sovereign debt.

However, opacity surrounding the sale, combined with market uncertainty caused by Greece, has slowed plans down.
http://offshorecorporatesource.com/kurdistan-bond-sale-beset-by-iraqi-doubts/
 
Hawkey47
Posts: 74
Off Topic
Opinion:No Opinion
Price:509.00
LOS
Today 20:13
Well done my friend.....Could be great timing
Hawkey47
Posts: 74
Off Topic
Opinion:Strong Buy
Price:509.00
Blue is the colour......
Today 20:12
Well great to see Blue for a change.

Gkp on the move and we could be very soon.

Spoke tog TH earlier he said to tell everyone to relax. It's as good as money in the Bank. Lol

Good luck all. If its good enough for my mate Nat Rothschild....Well it's good enough for me.

I want the Friday Blues.......or Greens....

Good Luck all...
long.over.short
Posts: 138
Off Topic
Opinion:No Opinion
Price:509.00
top up
Today 18:28
couldn't resist a top up this morning at a pence under 500p. Looking forward to the future, world class assets here just need to get money in the bank!
JohnLewis79
Posts: 2,173
Off Topic
Opinion:No Opinion
Price:509.00
Risqué bond.
Today 17:14
Precisely Masod7. Anyone who thinks the KRG are going to get $5bn just like that are severely misguided. Could be months away before any papers are signed and even further down the line for payments to Kurd oilies. Trouble is everything takes forever in the oil business and words such as potential and near future are meaningles. No wonder Buffet sold out. Wish I could!
JohnLewis79
Posts: 2,173
Off Topic
Opinion:No Opinion
Price:509.00
close
Today 17:00
Auction close 509 on volume 80k.
masod7
Posts: 229
Off Topic
Opinion:No Opinion
Price:499.50
The Risque Bond:
Today 11:23
Kurds will use the Bond money to finance the war is the reality (and they need it - since Baghdad has kept most of their (ie our) oil revenues and are now hording the modern weapons sent to the region recently) - but solid International Bankers can't be seen to be part of the clusterflux which we finance.... so pork pies may be at play - hopefully a token amount of the $5bill MIGHT be coming our way to satisy the lenders conditions - read on:

On Monday, an announcement appeared on the Kurdistan Regional Government’s (KRG) website, confirming that Deutsche Bank and Goldman Sachs have been appointed to help the semi-autonomous Iraqi state meet with international bond investors, "with a view to a potential transaction in the near future".

Confirmation of the mandate suggesting the banks were working with Kurdistan, which needs the money in several areas: infrastructure development, to counter weak oil prices, and to finance a war against ISIS.

Tough sell

It’s the last part that is going to make this a tough sell. Do institutional investors want to be financing wars, no matter how much they might appear to be backing the more just side? Just how comfortable can one be with the repayment profile if it depends, somewhat heavily, on not losing that war?

No doubt any prospectus will link the funds directly to a specific infrastructure play – likely the Ceyhan pipeline or something similar – but a certain institutional queasiness is to be expected.

It’s not clear if the deal will be index-linked or a private placement. Investors presumably would prefer a deal structured by revenues from oil production to allay fears over the refinancing capacity of the besieged administration, which oversees a region with an estimated 45 billion barrels of onshore oil reserves – equivalent to North Sea oil production since the 1970s.
masod7
Posts: 229
Off Topic
Opinion:No Opinion
Price:498.75
Record Exports....
Today 10:37
Ssssoooo happy for them - but when do the pay for it, and why are they being allowed to make monkies of us:

June oil exports from Iraq hit a record average of 3.187 million bpd, up from 3.145 million bpd in May.

An average of 3.02 million bpd was exported from the Southern terminals (up from 2.69 million bpd in May), with exports via Ceyhan averaging just 164,700 bpd (down from 451,000 bpd in May).

Southern exports were helped by the splitting of output into two grades, Basra Heavy and Basra Light, according to the report from Reuters.

Revenue from June oil sales was $5.318 billion, giving an average price of $55.62 per barrel.
JohnLewis79
Posts: 2,173
Off Topic
Opinion:No Opinion
Price:501.00
sp
Today 08:19
True to form sub 500 already!
JohnLewis79
Posts: 2,173
Off Topic
Opinion:No Opinion
Price:501.50
Tullow
Today 06:55
Figs released yesterday show it's W.African oil fields
produced more than expected. Forecast to produce
72-78k bopd. H/1 revs fell $570m to $800m while gp
was $300m down from $700m. Should make our nos
interesting come Aug!





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