Boyobach
08 Mar 2017
Plus Taq Taq Today's RNS adds Taq Taq payment for December, so KRG payments net to Genel are now totalling about $20m per month. Had Taq Taq production been maintained I guess the figure would have been nearer $30m. Payment of historic receivables is still lamentably slow, of course. Presumably still over $400m outstanding and currently reducing at £1.4m per month. So only 24 years to go at this rate.
Boyobach
07 Mar 2017
Tawke December Payment From RNS:The payment reflects full settlement of the invoiced amount for December 2016 oil sales, and includes $36.73 million towards monthly entitlement and $7.06 million towards recovery of historical receivables. The payments will be shared pro-rata by DNO and Genel (25% working interest
Boyobach
02 Mar 2017
Re: 5 week high Ha Clarence - I can see where you're coming from and I sympathise as I'm ultimately looking for nearer to £3, but in the meantime it's down to trading to make a buck here:The lift was worth 5% on the day and, more significantly from my chart perspective, it broke through two resistance lines. It does have to stay above 80p now of course, as any slip below will probably take it back to the previous price range (ie back into 'sell' territory for me).Also, I don't know how many of these you hold but recent increases since feb24 have been worth 10% in a few days and a few grand to me. Sad, but that does almost pass as excitement here.
Clarence Beaks
01 Mar 2017
Re: 5 week high I'm overcome with excitement - a whole 81p! 
Boyobach
28 Feb 2017
Re: 5 week high Maybe, although the generality of the Rosneft deal was reported a week ago. The Reuters article does add some numbers - perhaps reassurance the market needed. It should underpin the KRG ability to pay both for ongoing production and, hopefully, towards arrears.
Nervousrex
28 Feb 2017
Re: 5 week high Down to this perhaps .[link]
Boyobach
28 Feb 2017
5 week high A significant 5 week sp high today. It will be interesting to see if this leads into a period of relative strength leading up to the FY Results at the end of March.This tends to be a recurring pattern for Genel, which hopefully won't disappoint this time around
Boyobach
27 Feb 2017
Re: Barclays cut target price cut (Mem73 ) Mem - Maybe that's an old headline? Barclays haven't had Genl at 350p for a while, as far as I can see.I'd have to agree though, that broker consensus (the most recent 6 from Digital Look list) is 'underperform' and their average target is around 84p. In my experience to date, analysts have tended to be behind the curve with Genel - for a number of years failing to grasp the dramatic decline in SP. Jefferies themselves acknowledged at one stage that 'they had been wrong too long'. The 'Taq Taq Hit' was effectively taken a year ago so there can't be much damage left to be inflicted there. As far as the Tawke interest is concerned: it's reliably producing around 50% of Genel's revenue so selling it would not seem beneficial unless the price obtained was very attractive..
Boyobach
25 Feb 2017
Re: Barclays cut target price from 350p ... Thanks Oillinv - the page on that link was published on 2nd Jan so is a bit out of date. The most recent brokers on Digital Look give prices ranging from 41p (Macquarie) up to 150p (Numis). Barclays is at 90p down from 100p - which doesn't quite fit with Mem's post. However, Numis is the only one I can find there that is currently rating Genel a 'buy'. I current have my target holding in Genel - I trade a portion of it in from time to time in order to manage the overall value - so my present view is 'hold'.
oilinvestor85
24 Feb 2017
Re: Barclays cut target price from 350p ... Targets will obviously be revised next month depending on how good or otherwise the results are !
oilinvestor85
24 Feb 2017
Re: Barclays cut target price from 350p ... No boyobach Some are from late last year. Other targets are last month Link is below [link]
Boyobach
24 Feb 2017
Re: Barclays cut target price from 350p to 1... Mem: have you got a link for that note/headline (it obviously got truncated in the title field)Oillie: the broker targets you've quoted are from November/December last year , so not really current?Cheers.
oilinvestor85
24 Feb 2017
Re: Barclays cut target price from 350p ... Meant to say " if you want to get in, get in now"Own due diligence
oilinvestor85
24 Feb 2017
Re: Barclays cut target price from 350p to 1... Mem73 See analyst targets below issued earlier this week. If you don't want to get in get in now ! Own due diligence Genel Energy PLC (LON:GENL) had its target price hoisted by stock analysts at Investec from GBX 230 ($2.83) to GBX 245 ($3.01) in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. Investec’s price objective points to a potential upside of 198.78% from the company’s previous close. Several other research firms have also issued reports on GENL. Liberum Capital reissued a “hold” rating and set a GBX 286 ($3.51) price objective on shares of Genel Energy PLC in a research note on Tuesday, November 10th. Barclays PLC dropped their price target on Genel Energy PLC from GBX 500 ($6.14) to GBX 350 ($4.30) and set an “equal weight” rating for the company in a research note on Tuesday, November 10th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 465 ($5.71) price target on shares of Genel Energy PLC in a research note on Thursday, November 19th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 418 ($5.14) price target on shares of Genel Energy PLC in a research note on Wednesday, November 18th. Finally, Jefferies Group dropped their price target on Genel Energy PLC from GBX 466 ($5.72) to GBX 395 ($4.85) and set a “buy” rating for the company in a research note on Tuesday, December 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 142.18 ($1.75). Shares of Genel Energy PLC (LON:GENL) traded up 3.47% during midday trading on Monday, hitting GBX 80.50. The company has a 50 day moving average price of GBX 74.97 and a 200-day moving average price of GBX 96.62. The firm’s market cap is GBX 224.10 million. Genel Energy PLC has a 12 month low of GBX 66.93 and a 12 month high of GBX 183.00.
oilinvestor85
24 Feb 2017
Re: GPX o/t One way ticket Undignified is exactly how I would describe your trolling on this BB. Coming over to ramp your own dog of a share ! So so undignified! Look in the mirror your hypocrite Own due diligence
