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Genel Energy Share Chat (GENL)



Share Price: 217.00Bid: 216.50Ask: 217.00Change: 4.00 (+1.88%)Riser - Genel Energy
Spread: 0.50Spread as %: 0.23%Open: 210.50High: 220.50Low: 209.50Yesterday’s Close: 213.00


Share Discussion for Genel Energy


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Love_You
Posts: 234
Opinion:No Opinion
Price:219.50
RE: Very pleased
Today 13:00
Seen too much financial fraud over the past decade not to worry about a spanner in the works....hope I'm wrong and that long suffering shareholders receive a dividend next year.
 
jood54
Posts: 17
Opinion:No Opinion
Price:219.50
Earnings call transcript yesterday
Today 12:59
Love_You
Posts: 234
Opinion:No Opinion
Price:219.50
RE: Very pleased
Today 12:57
From what they said they will start paying a dividend next year. Seems only ethical to me. They have been producing the oil for years now to the benefit of everyone except the shareholders (the actual owners of the company who provided the capital to set it up). It would be very nice if there is no spanner in the works before next year and the shareholders actually see some returns ….otherwise why would anyone ever invest in oil companies again if all that happens is the service companies and governments take all of the benefits...leaving nothing for shareholders. Didn't this IPO at over £7 per share in 2011. So us shareholders have paid for 7 years of oil production to benefit Kurdistan without a cent in return so far ….. a dividend or share buyback seems well overdue....but then the market is never reasonable or fair is it? How economic activity continues at all is a mystery to me when the market behaves like a lunatic ….. continuing to fund companies that give all the profits away to governments and special interests...with not even a mere fraction returned to the people who financed the board with their jobs in the first place ….these boards in the oil industry need to take a good look at themselves and ask themselves why do they seem to enjoy enriching governments, and overpaying for service contracts, more than they enjoy authorising dividends or share buybacks? Is it because they are so closely linked to governments that they view themselves as more powerful than the shareholders...the original source of capital....this would be very dangerous because once they have burned through shareholders' capital once they will likely never receive the support of those shareholders ever again if they ever need funding for a new business venture. Bit of a rant but it's illogical how the oil industry is the source of most of the globe's economic activity (most commerce still requires moving people or goods by plane/car/lorry etc), the oil is free and only requires a bit of drilling to gush up to the surface, and yet the worst returns to shareholders over the past decade have come from the oil industry....and the best returns from companies using new technology to improve the way existing business work (such as Ocado). But without oil there would be no large scale food delivery.....yet the market won't reward shareholders in the oil sector for some reason ….must be because the oil sector just keeps accepting higher taxes and never tells governments the truth....that they are killing off investment into the industry faster than the "real economy" can switch to electric vehicles ...hence why there is economic crisis after economic crisis around the globe the past decade and why governments are perennially unpopular and constantly losing elections (especially in Europe, but even Brexit in the UK might have been a protest vote about the economy rather than a genuine desire to reduce trade with the EU).
Bugsy911
Posts: 1,401
Opinion:No Opinion
Price:218.00
RE: Very pleased
Today 12:42
They need to do something with the ever increasing cash pile.
elcapitan
Posts: 50
Opinion:No Opinion
Price:217.50
RE: Very pleased
Today 12:25
Gkp dividend?!

Have they said they’re going to pay one?
ocelot
Posts: 5,377
Opinion:No Opinion
Price:218.00
liquidity growth potential
Today 12:12
think it's been pointed out before, but Genel's liquidity growth potential from current developments is on p14 of the presentation:

https://www.genelenergy.com/media/2263/genel-fy-2018-presentation-final.pdf
Armasmaximilian
Posts: 2,677
Opinion:No Opinion
Price:217.50
Very pleased
Today 11:56
To hear dividends coming.
Waiting for gkp divi and plan is sorted
Whitehat
Posts: 338
Opinion:No Opinion
Price:219.00
RE: Pareto analyst comment
Today 11:03
I haven't read through the entire results yet but to me it looks like BB is still some way off, which is not what I expected after recent updates saying that the licence had been only temporarily extended, implying that the deal was near to completion:

"....... and Genel will step up efforts to bring in a partner once the project is more clearly defined. Any progress at Miran would be subsequent to Bina Bawi."

There is obviously more than just a few I's to dot and T's to cross.
JohnLewis79
Posts: 10,795
Opinion:No Opinion
Price:219.00
Pareto analyst comment...
Today 11:03
A sensible way to view G going forward (see boyo post at 9.28 am). I have reined in my expectations for G for sometime now based on over optimism for the gas and Somalia which is all hot air atm. For mre to change my mind barrelage will have to increase substantially by Y/E which might underpin my sp forecast of 300. If I had a big holding here I'd def be looking to diversify and likely out of oils.
foodforthought
Posts: 80
Opinion:No Opinion
Price:218.50
RE: Pareto analyst comment
Today 10:47
The reality is Kurdy oilers were burnt badly by the perfect storm of ISIS, PoO and KRG being unable to pay. GKP`s SH were effectively wiped out- It`s worth 2.6p in old money...So Genel did well to be only 1/4 of what it once was perhaps.

I think you are a little disingenuous to the new BoD. They have cleared the debt and are now trying to revitalise the `old` assets, coin it with the new and old assets and add some sparkle with the new stuff that still needs to be explored and developed. Genel has learnt the hard way, as have many other oilers, that too much debt is crippling with low oil prices.
Once bitten...etc

Going forward they are *not* going to get over leveraged with debt with a massive gas development. I think it`s a good new direction, and really good news. How many Oilers do you know that are net debt free? Don`t forget that the jury is probably still out re the MNR/KRG hence why there havn`t been loads of corporate deals, as yet. It`ll take time for that confidence (and corporate deals) to return- but we are getting there hence the divi......Besides why should Genel `give` miran away in some poor deal? it`s still there and there to be developed sensibly after BB, with our money and not someone elses.
Rangor
Posts: 97
Opinion:No Opinion
Price:217.50
RE: Pareto analyst comment
Today 10:34
Wow, you've gone super negative on genel all of a sudden.
I don't really see what the major problem is. They've (temporarily?) written off an asset that wasn't priced in to the company's value anyway.
On the plus, They are churning out cash at a rate of knots. Cash positive. Dividend announced for 2020, and possibly a dividend for 2019 (I don't think they would have mentioned that if they weren't pretty sure to get agreement from the bond holders). Increases to production, bina bawi being negotiated, etc etc.
hasiba
Posts: 690
Opinion:No Opinion
Price:217.50
Malcy’s blog Today
Today 10:07
Genel Energy

I wrote about Genel on the hoof yesterday and was surprised to see that selling had pushed the price down. Genel is in an extremely strong position which can be seen by the enormous cash build in the last 18 months. This has enabled the company to become properly cash positive, make the Chevron deal which brings substantial potential for the future, be in discussions with the KRG about Bina Bawi gas, oil and importantly midstream and initiated a maiden dividend policy. At 215p and this sort of outlook it is without doubt an obvious buy especially as it will soon carry a yield into the bargain.
hasiba
Posts: 690
Opinion:No Opinion
Price:219.00
RE: Pareto analyst comment
Today 09:54
Boyo....I do not disagree with you regarding all analyst whom I take no notice of their buy recommendations as more than 50% they get it wrong! Though to be fair too I do take a better look at a share when they downgrade and set low targets as their luck is better here!

Back to G...all depends at what point you bought and what happens after that.
IMV tge success of a company is progressive cash generating and reducing debts if they have any ...anything else like promises and underground assets to be had donot count to me that much.
Basically the slogan of success is show me the money ....
GL
Boyobach
Posts: 563
Opinion:No Opinion
Price:218.50
RE: Pareto analyst comment
Today 09:28
It's just that as Pareto have DNO and G as clients and also, I believe, have hosted events in Erbil, they are likely to give the most positive assessments. So not a source I would quote if I was trying to ensure an unbiased view.

G's cashflow is good (relative to the reduced size of its assets), which is just as well given their track record of losing money and writing things down.
The company is a shadow of what it was, production 40% of what it was three years ago, assets decimated and retreating from once prized and supposedly imminent projects. As investors we should be patient but mindful that success is the only measure that ultimately matters. G has an unbroken track record of failure to deliver according to the expectations it creates - read any of the FY statements and then the following one. The write down at Miran is being interpreted by some as a smart technical move, few seem to consider whether the resource was overpriced/overvalued to start with and that, actually, the promise of being a major supplier to the Turkish market seems to have evaporated. Yes, G is a success story in the making, if that's what you want to believe.
hasiba
Posts: 690
Opinion:No Opinion
Price:218.50
RE: Pareto analyst comment
Today 09:09
elcapitan...agree G is a cash cow to keep as a core of your share selections.
Imo still best share of oil companies from risk/rewards point of views. No negative I can see but growth and forward progress with increasing cash in the bank and then dividends are coming our way.....well who knows it may well be even taken over by a bigger fish there.
I have to add today is my Enquest day!....
GLA
oilheadgame
Posts: 355
Opinion:No Opinion
Price:210.50
gkp
Today 08:26
unbelievable run
JohnLewis79
Posts: 10,795
Opinion:No Opinion
Price:214.00
FC comp..
Today 08:23
Runner(s) in with a chance...
DHC (221).
Forget the rest.
elcapitan
Posts: 50
Opinion:No Opinion
Price:213.00
RE: Pareto analyst comment
Today 07:46
Pretty much every press / analyst coverage said the same. I don’t think Pareto was an outlier.

Seems like retail holders have sold and moved the price, and missed the main story that free cash flow is good, even going beyind the receivables money, and the new assets look very good too.

If you read the analysts notes they seem to assess that the discounting to the share price is high relative to the risk.
foodforthought
Posts: 80
Opinion:No Opinion
Price:213.00
RE: Brino...
Today 07:39
With any luck The Gov will come to it`s senses and revoke article 50 before it`s too late. With no deal this mess will carry on for years.

Any plan May had come up with would have been lambasted by the self harming brexiteers, because there is no plan or deal that satisfies all the misleading unattainable promises. Boxed in by their own lies.
JohnLewis79
Posts: 10,795
Opinion:No Opinion
Price:213.00
Brino...
Today 07:11
Good to know 'Teacher' is on our side, could have fooled me Missus!

She's off to Brussels today seeking an extension to June 30 because her backbench MPs refused to vote for her deal and it was all their fault we're in this terrible mess!

That's leadership from supply teacher May... she blames the troops for her rotten deal. She will be working night and day to ramrod her deal through for the third time that's fraught with risk in a divided parliament.
This now seems her last chance as Tusk rejected her request for an unconditional extension and said they would grant a short extension if she wins support of MPs next week.
That significantly increases the chance of no deal and the end of her shambolic premiership.
Boyobach
Posts: 563
Opinion:No Opinion
Price:213.00
RE: Pareto analyst comment
Today 00:19
You guys think that Pareto are a totally independent source of advice regarding this?

From a press story relating to the Bond deal at the end of 2017:

Genel – which has retained DNB Markets and Pareto Securities to manage the deal.....
Dark_Knight2020
Posts: 188
Opinion:No Opinion
Price:213.00
Dollar down 0.53%
Wed 23:59
Dollar index down. Fed holding on interest rates for 2019. Should be a good day tomorrow for G and others.
stef56212
Posts: 194
Opinion:No Opinion
Price:213.00
RE: Looking good
Wed 22:50
yes - apologies if already posted
Boyobach
Posts: 563
Opinion:No Opinion
Price:213.00
RE: G/GKP/RDS/Brent
Wed 22:39
For Wednesday 20th March

Following today’s statement the sp bounced between trends, down to 203 (blue) but eventually perched on the rising red trend line at 213, only 12p down on the previous close. https://invst.ly/ac11m

The swift bounce up from intra-day 203 is encouraging, given the volume traded, and the inference is that it will move upwards from here. This would be a pretty good result given a declared operating loss of quarter of a billion USD. Jewels in crowns are not cheap things to drop, even temporarily, it seems. But the market has read G pretty well of late and, by today’s moves, appears to have largely written off the gas side of the biz. Needless to say the prospect of continuing to follow the orderly trend up towards 250 is now in some doubt but, for the moment, it could still be ‘on’ because of where it closed. The next few days will tell.

So, the market may well be content with G’s immediate ‘sans-gas’ prospects: Cash generation looks solid enough provided G can stop writing stuff down at an equally impressive rate. The plus here is that there isn’t as much left to write down. G’s accumulated losses, a testament to the company’s past story, apparently stand at 2.78 Billion USD, having only increased by $280m this time. Total equity was diminished accordingly but shareholders are apparently to be rewarded for their generous support in a year or so with annual distributions commencing at $40m. There was much talk of future jam, as there was 2.78 Billion USD ago. G has now turned a number of corners and consequently may well now be back at the starting line, albeit minus the 2.78 Billion and all the oil that’s been pumped in the meantime. There’s so much to be cheerful about.
Boyobach
Posts: 563
Opinion:No Opinion
Price:213.00
RE: Looking good
Wed 22:27
December article ?




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