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Genel Energy Share Chat (GENL)



Share Price: 116.50Bid: 115.75Ask: 116.50Change: 0.00 (0.00%)No Movement on Genel Energy
Spread: 0.75Spread as %: 0.65%Open: 120.00High: 121.75Low: 114.75Yesterday’s Close: 116.50


Share Discussion for Genel Energy


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ocelot
Posts: 1,899
Off Topic
Opinion:No Opinion
Price:118.00
clashes North of Kirkuk
Fri 11:28
 
oasis2000
Posts: 38
Off Topic
Opinion:Hold
Price:118.25
Agree with Calico
Fri 11:18
For now - I'm in agreement with Calico. I see the links to Rus as a safety net if anything. Ultimately, I haven't seen any financial or other business news to justify our recent dive in SP - i see it as market sentiment over politics. Unfortunately, that will have a hangover for us, but it can just as quickly leave as it came. These are my thoughts, but I'm more in tune with the politics than the finances so each to their own. GLA
ocelot
Posts: 1,899
Off Topic
Opinion:No Opinion
Price:118.25
from GKP's operations update
Fri 11:04
Trucking operations continue uninterrupted with approximately 200 trucks loaded daily.
CalicoJack
Posts: 546
Off Topic
Opinion:No Opinion
Price:118.25
RE: Trading Update...Any views ????
Fri 10:06
Also, I think that we have been unlucky with the CPRs in the past, these are professional consultants doing this, not Genel themselves, so these guys are paid to try to get it right, in this case the KRI geography was very challenging and as far as I understand the porous rock contained less oil then estimated. I don't think Genel can be blamed for this, I just think that possbility is always there and in our case it was a worst kind of scenario thing, with Taq Taq that is.
CalicoJack
Posts: 546
Off Topic
Opinion:No Opinion
Price:118.75
RE: Trading Update...Any views ????
Fri 10:02
To take a company private I think it's 90 percent to delist it. But before that you will cross the threshold where you have to make an offer to existing shareholders, when you own 30 percent. The minimum price will be the highest price pad in the last 12 months so 166p in our case. So from 120 to 166 it's a good investment if you think a buyout's in the card. On the Ruskies of course they only look after themselves. But the key is that they now invested 3 billion into pipeline facilities, they need to get a return on that investment and to do that they need to pump oil and gas through the pipeline. This means that the operators and owners (IOCs) need to get paid to keep pumping and investing capex in fields, it means that Turkey can't close the access to Ceyhan. So i that way our interests are now very aligned with the Ruskies. That's what give me comfort.
Whitehat
Posts: 153
Off Topic
Opinion:No Opinion
Price:119.25
RE: Trading Update...Any views ????
Fri 09:38
Out but still keeping an eye on the proceedings.

I think the CPR is the most important thing of all. It will refine the Miran And Bina Bawi field estimates, hopefully for the better or at least no worse, but Genel have a poor history in this regard so this one has so much more significance. Once it is out of the way, and all is good of course, then the 'deal' will be signed. I'm not too sure what the deal will mean for Genel, though. There are many possibilities.

The assumption on this board at the moment generally seems to be positive about the Ruskies taking such a prominent role in Kurdistan, but it has to be remembered that they only ever operate in their own interests. And Genel will live or die by that. Personally, now, I feel that a buyout is Genel's best outcome. It has become a very small fish in an ever-increasing sea and so needs to tie up or put up. It is too small to survive by iteslf with so many sharks circling. Genel needs to realise that (if it hasn't already) and be in control of the process. If the end game is left for others to decide it may not end so happily for Genel.

What percentage of shareholders are required to take the company private, i.e. force it through? (75% ?) Could that be used to wrestle control of Genel's assets via the back door, without paying a reasonable price for them? (Think ENRC, who did a similar thing a few years back, shafting many of there smaller holders and particularly PIs, me included - although luckily I managed to get out in pocket in the end). Those big holdings are being accumulated for several reasons, but ultimately for control of the company and its assets. And the kind of organisations now involved do not care much how they achiever their aim. 'Business' is a ruthless business in their case.

Just putting it out for discussion. I'm sure there are other, differing opinions out there?

GLA still in, I will join you again but I'm happy to sit on the sidelines for the time being. Not sure if I will live to regret it. Time will tell...
CalicoJack
Posts: 546
Off Topic
Opinion:No Opinion
Price:121.50
RE: Trading Update...Any views ????
Fri 09:36
Frankly I don't it was much of an update at all, nothing unexpected all as expected is my view. A yawn, neither good nor bad. At least no nasty surprises
i guess!
Hawkey47
Posts: 3,165
Off Topic
Opinion:No Opinion
Price:120.50
Trading Update...Any views ????
Fri 09:08
The finance was nothing that we didn't already know. Basically we are turning good money and will be debt free in the next 6-9 months (payments permitting) This is really useful as come 14th May 2019 our Bonds expire and getting such a large amount as this time will be impossible as we are a much smaller company with much smaller assets (at present).

Taq Taq getting worse every month with the TT29W well being tested but they have stopped drilling the Cretaceous zone so it doesn't look great. Drilling TT 30 but my view is this decline is terminal and we will just keep it going as long as its paying its way.

Tawke stable at 106k but to be honest I hoped it would have been higher by now.

Peshkabir knocking in nearly 5k per day with the EPF by end of year. I would imagine much more is known about the results but DNO will keep under wraps until their update in 3 weeks.

Somalialand, a number of high graded areas to be targeted with infill 2D seismic acquisition. No idea what this means but it certainly isn't negative.

Morocco, just drips on and on for ever. I doubt there is any value in this at all or very little..

Gas. we know the pipeline to Turkey will be built by Roseneft and possible partners. So part of the problem sorted. There is also every likelihood they will build/be involved in the midstream facilities as well. We may still keep a small % of this as per plan

The Upstream announcement was never going to be made today with all the shenanigans going on but at least negations are ongoing. Notice the by end of year bit was removed.

Early development of Miran may be used to entice a partner (a back drop to a farm out process) and would certainly help cash flow.

The competent persons report is likely to be unchanged so Im not to sure what thats all about.

So whats your view of the update ????

Hawkey
dmore
Posts: 318
Off Topic
Opinion:No Opinion
Price:120.50
vlad
Fri 09:02
vlad is cleaning up in syria and kurdistan, making the yanks look silly




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