- Fool.co.uk•24 days ago
Should you buy shares in Genel Energy plc (LON:GENL) after today's gains?
- Reuters - UK Focus•24 days ago
Genel Energy (Other OTC: GEGYF - news) , the oil producer chaired by former BP boss Tony Hayward, expects to strike a gas-export partnership deal with Turkey Energy Company this year, it said on Thursday, as it tries to overcome setbacks in oil exploration. Genel slipped further into the red last year after it again downgraded reserves at its flagship oilfield and weak oil prices ate into profits, it said. Genel announced on Tuesday that reserves at its Taq Taq oilfield had been cut by around 66 percent and that it would suspend the field's full-year production target of 35,000 to 43,000 barrels per day.
- Reuters - UK Focus•25 days ago
Genel Energy (Other OTC: GEGYF - news) , an Iraqi Kurdistan oil producer chaired by former BP boss Tony Hayward, deepened its annual operating loss last year after it further downgraded reserves at its flagship oilfield. Genel said it wrote off $779 million on its exploration assets following the Taq Taq reserves downgrade announced earlier this week, taking it to an annual operating loss of $1.2 billion, worse than the $1.1 billion operating loss made in 2015. Genel's share price fell to an all-time low on Tuesday following its reserve downgrade announcement.
GEGYF: Summary for GENEL ENERGY ORD GBP0.10 - Yahoo Finance
Genel Energy plc (GEGYF)
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|Day's range||0.00 - 0.00|
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|PE ratio (TTM)||-0.24|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|