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EXCLUSIVE: Malcy, Columbus & Reabold presentations - Video Webcast Here

EXCLUSIVE: Leo Koot, Exec Chairman, Columbus Energy speaks at London South East's Oil & Gas event
EXCLUSIVE: Stephen Williams, Reabold Resources speaks at London South East's Oil & Gas event


Genel Energy Share Chat (GENL)



Share Price: 277.50Bid: 278.00Ask: 280.00Change: 0.00 (0.00%)No Movement on Genel Energy
Spread: 2.00Spread as %: 0.72%Open: 270.00High: 282.00Low: 268.50Yesterday’s Close: 277.50


Share Discussion for Genel Energy


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Doubleheadedcoin
Posts: 4,805
Opinion:No Opinion
Price:268.50
O/T UKOG
Wed 14:30
The Gatwick Gusher is flowing again on its EWT

RNS just out.

dyor

Imo
 
withoutt
Posts: 1,154
Opinion:No Opinion
Price:270.00
RE: G...
Wed 11:10
Renewing my shed roof. Not much going to happen until the weekly petroleum figs out at 1.30 today me thinks, unless Putin or the North Korean Dwarf start something. ATB
JohnLewis79
Posts: 9,673
Opinion:No Opinion
Price:270.00
G...
Wed 10:59
Where is everyone this Morning?
JohnLewis79
Posts: 9,673
Opinion:No Opinion
Price:269.50
Payment..
Wed 08:43
Next week methinks...
marshall2810
Posts: 973
Opinion:No Opinion
Price:266.50
RE: Payment..
Wed 07:32
FFS
JohnLewis79
Posts: 9,673
Opinion:No Opinion
Price:266.50
Payment..
Wed 07:04
Not today chaps...
JohnLewis79
Posts: 9,673
Opinion:No Opinion
Price:266.50
Mrkts/ oil...
Wed 05:37
Brexit dominated the action yesterday, TM just surviving another vote on the customs union thanks to 4 Labour MPs and just avoiding a 'no confidence' vote on Mays leadership. She has a busy day today with PMQs (Borishnikov statement?) and meeting the 1922 committee to rally the rabble. When imo the majority of the pop dont have a clue what is going re: Brexit talks the Govt is in serious trouble..... along with a divided Labour party. Talk of re-running / cancelling the referendum are but just desperate measures. The shambles continues. London ftse was flat to in the red most of the session closed up 26 aided by commodities, sterling however slipped back (1.316) boosting $ earners and the jobs data was positive more people in work even if doing 2 jobs. The market is behaving with extraordinary equanimity (ftse-62) ytd considering the potential pit falls for equities on any nos of fronts. For sure something will give as the public finances (Govt borrowings) are in dire straits pointing to tax rises in the near future.

US stocks fell initially but gathered buyers late morning pushing the Dow (25120) up for the 4th straight session and last 8/9 have been blue. Tech heavy Nsdq powered up to a record close (7855) on earnings nos and news that the Fed would go easy on monetary policy. Netflix (+98%) ytd fell 5% but Q2 earnings which have to beat expectations saw gains in J&J, Goldman & United Health among others. Oil struggled at $71.86 off c.$7 in last week.

Asia mostly lower on weak crude knocked energy stocks, Shanghai off 0.6%, HK down 1.6% initially have rallied to register blue. Tokyo (+224) bucked the trend helped by a weaker yen and mrkt specifics. Q3 growth nos out of China are seen as continuing the weaker Q2. nos if trade wars escalate. However Asia /Pacific trade cont strong to date.

G slipped 13 on the excellent DNO news and with a bumper payment due (today?) its a 50:50 call which way the sp goes. Surely its up but staying up? Wonder whether present management have/are considering a LBO whereby they propose to buy the Co using massive amounts of borrowed money? Could they raise $2bn? Probably.... but not at this time what with gas...Just a thought. Mind you LBOs are often thought of as 'stealing' the Co from its owners and was very popular back in 80's America. Morning G men.
hydrogen
Posts: 179
Opinion:No Opinion
Price:266.50
RE: Another piece of the puzzle
Tue 21:50
... and the KRI and Iran 'make love not war'.
LMAO
ocelot
Posts: 3,787
Opinion:No Opinion
Price:266.50
from Malcy's interim bucket list
Tue 20:51
Moving Pantheon out of the bucket list leaves a vacancy and I have decided that it should be filled by Genel Energy who has an exciting drilling programme with near-term production upside. The company is generating over $10m of free cash flow every month and is drilling ahead on its existing Peshkabir field programme with significant success already recorded. Elsewhere I am impressed with what might be a double whammy; the gas fields at Bina Bawi and Miran also have potential for shorter term development of high value light oil at the former. Strongly funded and under new management I think that there is plenty of upside for Genel in the short and medium term.
bunks
Posts: 3,176
Opinion:No Opinion
Price:266.50
No big seller today
Tue 19:57
Some talk of a big late seller today - from what I can see there were a couple of 10k sells (below) - nothing of note or indeed out of the ordinary and a buy later (16:28) ..... just low volume action, consistent with what we've seen of late really:
16:28 - 17/07 Buy 12800 268.00p £34,304.00
16:16 - 17/07 Sell 10000 270.91p £27,091.00
16:15 - 17/07 Sell 10000 271.93p £27,193.0
bunks
Posts: 3,176
Opinion:No Opinion
Price:266.50
Another piece of the puzzle
Tue 19:49
Let's be clear people, it's simple, when a) Peshkabir is producing 80k, (b) Taq Taq is revived, (c) we're debt free (d) the Gas comes to fruition, (e) our momentous 30 million dollar payment comes in, (f) our Half year update comes in (g) somaliland delivers and (h) o.p is at $120, this is seriously going to motor......mark my words ..... lol
ocelot
Posts: 3,787
Opinion:No Opinion
Price:266.50
RE: Malcy's blog
Tue 17:56
It's the £4 level I want to see it crossing!
hydrogen
Posts: 179
Opinion:No Opinion
Price:266.50
Malcy's blog
Tue 17:35
Just read Genel was yesterday added to 'Malcy's Bucket List'. He has a reasonably large following and is fairly active in the press/media, so that will likely help drive PIs our way in the coming weeks. I think this is a pretty solid stamp of approval. All eyes on £3!
ocelot
Posts: 3,787
Opinion:No Opinion
Price:266.50
RE: That’s what happens
Tue 17:25
Won't be the first time Genel reacts to positive news with a slight delay.
hydrogen
Posts: 179
Opinion:No Opinion
Price:266.50
Merger DNO?
Tue 17:04
I think this is fairly unlikely... mainly because whilst KRI is obviously the monster cash cow, the safer strategy for them wld be to divest these huge profits into other regions to spread their risk.
hydrogen
Posts: 179
Opinion:Strong Buy
Price:266.50
RE: That’s what happens
Tue 16:56
Make no mistake Boys, this is masive news for us... I'm Absolutely delighted. On these figs as JT points out, by 2019 Pesk could be heading to 80-100k bopd. If so, with our 25% stake and the RSA, that's pushing a 50-60% upgrade in our daily oil production for us, right? What's that gonna go to Gs cash flow? Over Next 6 months this will push on... big time! Markets are not predictable. But politics aside, this surely is? I think there are/were not that many folk that willing to risk it with Genel, given our tricky history... but sure as eggs are eggs they wil begin to arrive. It's never been a better time for this company. GLA
Hawkey47
Posts: 4,656
Opinion:No Opinion
Price:266.50
Us & GKP
Tue 16:52
I know this is almost certainly complete Horlicks but ours and GKPs share price seems to be sticking very closely together.

Now I know there are fans of a merger and the "no GKP is poison" people have enough to do" brigade but who knows!

Its a possibility isn't it.

Not the day I had hoped for with such an epic update but as we know tomorrow is another day.

Hawkey

Hawkey
JFTaylor
Posts: 389
Opinion:No Opinion
Price:266.50
RE: That’s what happens
Tue 16:46
I suppose that was a concern of mine that i detailed multiple times- that they left the news so damn long that the PI interest started leaving. Still, its great news all the same, DNO kicked on a bit, even GKP did better than us today. Can't win them all
sparky333
Posts: 489
Opinion:No Opinion
Price:269.00
That’s what happens
Tue 16:42
When you have shit volume. Easily manipulated by BOTs and Algos.

British investors are our worse enemy as they are dumb as posts as will pile into shite stocks Tern yet ignore a stock like Genel.
JFTaylor
Posts: 389
Opinion:No Opinion
Price:268.00
lol
Tue 16:34
What happened come the end?! not even a 1% rise today!! blimey
oilheadgame
Posts: 229
Opinion:No Opinion
Price:272.50
well played mms
Tue 16:12
back to intra day open price. poor pis and traders
ocelot
Posts: 3,787
Opinion:No Opinion
Price:270.50
net assets
Tue 13:43
at 31/12/17: $1,609.8m

add 6 months' fcf of about $60m = at 30/06/18: c$1,669.8m

@ 1.32 = £1,265m

= 453p per share.
Hawkey47
Posts: 4,656
Opinion:No Opinion
Price:270.50
Bijan Mossavar-Rahmani...DNO Chair
Tue 13:41
This is what he said today...

"The pickup in Peshkabir production puts new meaning to the fast in fast track
in development of this field by the DNO team,"having previously said it was the most exciting discovery of his career.

So Peshkabir 1 to 4 producing 25,000 BOPD

Peshkabir 5 successful final testing of 4 zones producing between 4000-7000 per zone.

Peshkabir 6 is already at 3900 and is after the deep stuff.

Peshkabir 7 is already at 3100 and is pretty much a cert as its between Pesh 4 and Pesh 5.

Remember there are 6 wells being drilled at Peshkabir this year and.........

ONLY 1 HAS BEEN COMPLETED. Pesh 4.5,6,7,8,9 still to go.

Hawkey
bunks
Posts: 3,176
Opinion:No Opinion
Price:270.50
RE: I'm on DNO watch
Tue 13:36
+4.82%
marshall2810
Posts: 973
Opinion:No Opinion
Price:270.00
RE: Re Pesh...
Tue 13:34
Apologies, ours is now showing. I’m still not getting updates from LSE grrr




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