Member Info for sparky333

way oversold

It does make a lot of sense and even more if you put DNO in the mix.

A barrel More cash monies. 183p PE 2.6 what a steal.

But off profit taking after the big rise and panic sets in. Lol 😂 do not be surprised to miss the next lurch up.

Genel always did well recently when the US markets opened, interesting to watch today !!!

Move today under volume, I was expecting to take a beating this morning following the US markets close on Friday. I am always of the view no smoke without fire and something has certainly changed in Genel. Either some news has leaked slowly of some significant news or the reality of the undervalued nature has finally sunk in. Unsure which but happy to see sense has finally prevailed and a rerate is well underway.

I have been hearing of GKP and Genel merger for years. They certainly would have a big war chest in combined cash which would grow every month.

Have to consider debt Premier 2.6b Genel 300m

BP 29 Royal Dutch shell 5 Premier n/a Along with most others n/a

That is a real hard one to answer !!! It all depends on many factors at the time, Gas !! Current and future fields Kurdistan / Iraq relations Takeovers in the region POO Debt World markets Currently on no gas and current fundamentals PE is around 3 which is insanely low 10 is realistic Yes we have $300m bond which is nearly covered but current cash so actual Genel is A cash cow. So as things stand 300p is a good number but all this changes with Gas, what is the deal cash plus free carry ? Cash offer for say 50% but no carry ? Thus increasing future debt profile ? How long to gas production ? All this will have a massive impact on Genel as the markets tend to be priced for the future potential so if the right deal you could have Genel back to a multi billion pound company within a couple of years. So at what price do you sell ? A really tough one because that gas deal could drop at anytime.

One thing that is going to murder some highly geared oilers is interest rate rises. Yes Genel has a bond for $300m but within a few months enough cash to pay it off if required. Some oilers owe significant amounts and I fully expect carnage especially in the US shalers and deep water gang. This makes the likes of Genel even more appealing.

190p only because of the trade war.

No sells at 173p blue sky above ?

That’s big

Looks like the suckers have sold this morning get ready for the rise this afternoon. Fingers crossed

I cant read the whole article but I can guess what it says. Total risk averse bullshit, so okay to invest in companies like CLLN, CPI with debts, no growth prospects, shitty profit margins but because they pay a dividend and more debts than a third world nation coupled with huge pension liabilities that a good investment ? cash is king and Genel is swimming in the stuff not long until they have more cash than the $300M bond. I agree JL Genel is one of the best stocks in with a London listing at present, never mind the other prospects like Gas, and Pesk

I think the markets are starting to favour companies like Genel that are cash cows no or little debt and a clear way forward on growth

Look at Glencore, Anglo American etc during the commdities collapse these stocks have bounced back close to 10 baggers, the fall was sentiment driven and all taken down to absurd levels. Once the sentiment changed there has been no looking back the same could be said of Oilers we are only now starting to see the long road back the commodity stocks took 3 years to 10 bag and we may to wait just as long but it is starting to happen. there is only so long you can kick a stock to death Genel has been paid every month for close to 3 years all the bad news is out and the strategy moving forward is very clear, just need that partner for gas. now is the time to fuill your boots because this is either going to get takeover or become a major gas producing pumping out 1/2 billion per annum in cash. what value do you put on genel then ? there is only so long you can have the Kurdistan risk premium

No sellers and no buyers yet, this will change after 9am especially if Mr 50K is back in town.

Could be interesting, DOW and POO bounced back very strongly yesterday, Genel showed considerable strength in awful markets as well yesterday with some very large buys ( 4 x 50K and several 25K and above buys with volume close to 1M ). if this was in a rising market Genel could have put on 5% easily. also the relationship between Kurdistan and Iraq is loving very good, never mind the fact Genel is a cash cow on a forward PE of 2.4. cheap all the way to 300p