12 Nov 2024
Genel Energy (GENL LN) - Q3 trading update - HOLD
Genel has released its Q3 trading statement, reporting ongoing cash flows from Tawke with production sold into the local market. These are covering costs and supporting the company’s net cash position as it continues to await a potential resumption of KRI oil exports, progress on its arbitration case, and potential acquisitions.
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Genel Energy (GENL LN) - Q3 trading update - HOLD
Genel Energy PLC (GENL:LON) | 61.6 0.6 1.5% | Mkt Cap: 172.3m
- Published:
12 Nov 2024 -
Author:
Daniel Slater, CFA -
Pages:
6 -
Genel has released its Q3 trading statement, reporting ongoing cash flows from Tawke with production sold into the local market. These are covering costs and supporting the company’s net cash position as it continues to await a potential resumption of KRI oil exports, progress on its arbitration case, and potential acquisitions.