Genel wird verschenkt

Schaut euch mal die Jahreszahlen an. Gut 1 Mrd. Abschreibung aber welcher Ölwert hat das nicht.

Cash 455 Mio. $ bei positiven Cashflow
Marketcap ca. 300 Mio. Euro
Das heisst wenn die Aktie ungefähr 50% steigt, steht die erst bei Cash!
???

Genel Energy plc

Audited results for the year ended 31 December 2015



Genel Energy plc ('Genel' or 'the Company') announces its audited results for the year ended 31 December 2015.



Results summary




2015
2014

                                                                         
 
 

Revenue ($million)
343.9
519.7

EBITDAX1 ($million)
279.4
410.6

Loss  before tax ($million)
(1,160.6)
(312.8)

Cash flow from operating activities ($million)
71.2
134.8

Capital expenditure
157.2
676.9

Free cash flow2 ($million)
(179.2)
(560.9)

Cash ($million)
455.3
489.1

EPS (cents per share)
(417.30)
(112.97)

Production (kbopd, working interest)
84.9
69.4




1.    EBITDAX is profit before interest, tax, depreciation, amortisation, impairment and exploration expense

2.   Free cash flow is cash flow from operating activities less capital expenditure and associated working capital movements



Key figures



·      2015 revenue of $344 million, down 34% due to the fall in the oil price more than offsetting higher production volumes

·      2015 production of 84,900 bopd, an increase of 22% on 2014

·      Impairment expense of $1,038 million recognised in relation to the Taq Taq PSC

·      2015 capital expenditure of $157 million, a reduction of 77% year-on-year

·      KRI cash proceeds of $148 million during 2015

·      Cash balances at 31 December 2015 stood at $455 million (2014: $489 million)



Outlook



·      Production and revenue guidance for 2016 is maintained at 60-70,000 bopd, and $200-275 million assuming a $45/bbl Brent oil price and at $160-220 million assuming a $35/bbl Brent oil price

·      KRI capital expenditure guidance for 2016 is unchanged at $80-120 million

·      The KRG Ministry of Natural Resources' statement of 1 February 2016 commits to regular and predictable oil export payments, based on monthly production entitlement

·      Additional monthly payments, initially equivalent to five percent of the gross monthly netback revenue of fields and set to rise as the oil price rebounds, will be made towards the recovery of the receivable

·      Regarding the gas development, contract awards are expected in April 2016 for the midstream pre-FEED,  technical consultancy study package, and the upstream development plan



Murat Özgül, Chief Executive of Genel, said:



"We recognise and share the disappointment of the recent Taq Taq reserves update. Both Taq Taq and Tawke remain low-cost oil fields by any global benchmark. The fields are set to be significantly cash generative going forward, with a discretionary investment programme aiming to maximise the value of the remaining reserves. Our 264 million barrels of net 2P reserves comprise a robust oil business well positioned in the current oil price environment.



The instigation of the new payment mechanism by the KRG Ministry of Natural Resources in February 2016 provided clarity over the timing and quantum of our monthly receipts for export payments, recognising our receivable and putting in place the process through which it will be recovered.



We are now starting to make real progress in the development planning for our KRI gas business. It remains a unique opportunity underpinned by a government signed gas sales agreement."





Enquiries:



Genel Energy

Phil Corbett, Head of Investor Relations

Andrew Benbow, Head of Public Relations
+44 20 7659 5100




Vigo Communications

Patrick d'Ancona                                      
+44 20 7830 9708




There will be a presentation for analysts and investors today at 0830 GMT, with an associated webcast available on the Company's website, www.genelenergy.com.
 

... hier bin ich drin :-)  

Hallo Donfritzos,

bin auch gespannt was passiert. Hier eine neue Brokereinschätzung. KZ ~3 Euro

Broker Forecast - JP Morgan Cazenove issues a broker note on Genel Energy PLC

By StockMarketWire | Fri, 4th March 2016 - 10:30

JP Morgan Cazenove today reaffirms its overweight investment rating on Genel Energy PLC (LON:GENL) and cut its price target to 237p (from 248p).

 

Hallo Leute,
bei Tradegate fast 10% Plus. Weit über Umrechnung!
???  

... Sauberer Absturz ... Mir scheint hier drücken die schlechten News bezüglich der Neubewertung von Ölreserven auf die Kurse ...  

Eher nicht, ist ja schon 2 Wochen her.
Es kamen aber 2 Abstufungen, RBC und Liberium. RBC hat das KZ auf ca. 1,50 Euro reduziert von fast 6 Euro, Liberium auch auf 1,50 von über 2,50 Euro.  

Genel Energy Gets March Payment For Tawke Oil Field Deliveries

Quelle: http://www.londonstockexchange.com/exchange/news/...004101085100.html  

http://www.marketbeat.com/stocks/LON/GENL  

Zusammenfassung der Analystenschätzungen:

What Next for Genel Energy PLC Stock After Today’s Huge Increase?

Quelle:http://www.clintongazette.com/...lc-stock-after-todays-huge-increase/  

schön langsam mit dem anziehenden Ölpreis an ,aber ohne News, oder ist mir was entgangen ? Mal schaun wie es weitergeht  

immer noch. Gibts nichts neues?  

Ist doch toll, wenn es weiter geht.
50 % seit Threaderöffnung!  

diese Woche:
4/25/2016 Canaccord Genuity Reiterated Rating speculative buy GBX 165
 4/25/2016  Barclays§                  Reiterated Rating Overweight GBX 115

Quelle:http://www.marketbeat.com/stocks/LON/GENL/  

5/24/2016 JPMorgan Chase & Co. Reiterated Rating Overweight GBX 237
Quelle:http://www.marketbeat.com/stocks/LON/GENL/  

Genel Energy plc ('Genel') notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $16 million from the Kurdistan Regional Government ('KRG') for oil sales during April 2016.
Quelle:http://www.investegate.co.uk/...-kri-oil-exports/201605270735035059Z/  

                                                                                                                                Quelle:http://www.morningstar.co.uk/uk/news/...yment-for-taq-taq-field-.aspx  

Quelle :                                                                                                                 http://www.morningstar.co.uk/uk/news/...istan-government-payment.aspx

je Barrel einen  mehr als 5 Dollar höheren Preis erzielt  

2016 Half Year Results 28 July 2016

Quelle: Unternehmenshompage  

Habe nochmal aufgestockt...  

und Ölreserven von ca. 1Mrd Barrel.
Momentan ist Öl in den Büchern wertlos. Das wird sich mittelfristig ändern.
Da freue ich mich drauf.  

die News sind doch eigentlich positiv zu sehen.  

Was ist daran positiv wenn die Fördermengen um 30% runter gehen. Nur wenn Genel die Fördermenge drosselt wird sicher der Ölpreis am Weltmarkt nach oben schnellen ... ansonsten ist die Lage in der Region sehr instabil.  

die ganzen Vertragsverlängern und die ganzen Beteiligungen. Die Reserven und die Aufstellung des Unternehmen ist deutlich besser wie die meisten anderen in diere Größenordnung.

Wenn die Fördermengen runtergehen sollten m.E. auch die Kosten runtergehen.

Grüße  

... kommt immer darauf an wie man die Fördermenge drosselt ... ich denke die Fixkosten sind relativ hoch und die 30% Reduktion fallen da mit den variablen Kosten kaum ins Gewicht.