Overall, no particularly material new information. Excluding oil prices, the story remains geared towards regional politics, which has been further clouded by the aftermath of the recent failed coup in Turkey (our views). There are two important levers to the story: (i) continued payments by the KRG for oil production (we note the reduction of the KRG's budget shortfall and possible renewed discussions between Baghdad and Erbil that could be positive developments), (ii) getting gas terms for
28 Jul 2016
NOTES FROM 1H16 PRESENTATION
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NOTES FROM 1H16 PRESENTATION
Genel Energy PLC (GENL:LON) | 83.6 -0.1 (-0.1%) | Mkt Cap: 233.4m
- Published:
28 Jul 2016 -
Author:
Stephane Foucaud -
Pages:
3
Overall, no particularly material new information. Excluding oil prices, the story remains geared towards regional politics, which has been further clouded by the aftermath of the recent failed coup in Turkey (our views). There are two important levers to the story: (i) continued payments by the KRG for oil production (we note the reduction of the KRG's budget shortfall and possible renewed discussions between Baghdad and Erbil that could be positive developments), (ii) getting gas terms for