As of October 27, 2020, the Genel Energy share price was trading at 183.50p, down from its previous close of 184.00p. The company is a UK-based oil and gas exploration and production company with operations in the Kurdistan Region of Iraq and Somaliland.
The Genel share price has been on a roller coaster ride over the past year. After reaching an all-time high in early 2018, the share price plunged following the announcement of production delays at the company’s flagship oil field in Iraq. However, the share price has since recovered and is now trading close to its all-time high once again.
Looking ahead, there are a number of factors that could drive further gains in the Genel share price. Firstly, the company is expected to bring its Kurdish oil fields online by the end of 2018, which should provide a significant boost to production and revenues. Secondly, Genel is also working on exploration and development projects in other parts of Iraq and Africa which could lead to further discoveries and production growth in the years ahead.
With a strong track record of delivering shareholder value, an experienced management team and a portfolio of high-quality assets, Genel is well positioned for continued success in the future. As such, I believe that the current share price represents good value for money and would recommend buying shares at current levels.
Gkp Share Price
The GKP share price is currently trading at around £1.50, down from its 52-week high of over £3.00. This fall in value has been caused by a number of factors, including the recent drop in oil prices and concerns about the company’s debt levels. However, some analysts believe that the shares are now undervalued and could rebound in the future.
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What is the Share Price of Genel Energy Plc
The share price of Genel Energy plc is currently 6.38 GBp (British Pounds). The company has a market capitalization of 2.22 billion GBP.
When Did Genel Energy Plc List on the London Stock Exchange
Genel Energy plc, an oil and gas exploration and production company, was founded in 2011 and listed on the London Stock Exchange in June 2012. The company has a portfolio of assets in the Kurdistan Region of Iraq, Somaliland, Morocco, Algeria and Tunisia.
In May 2016, Genel completed a strategic review of its business which included a comprehensive asset portfolio review.
As part of this process, the company decided to focus its attention on its core asset in the Kurdistan Region of Iraq and as such sold its non-core businesses in Algeria, Tunisia and Somaliland.
The disposal of these businesses marked a significant milestone for Genel as it refocused its business strategy towards becoming a leading independent oil producer in the Kurdistan Region with a strong financial position.
How Many Shares Does Genel Energy Have in Issue
As of February 28, 2020, Genel Energy had 506,020,820 shares in issue.
Who are the Major Shareholders in Genel Energy Plc
Genel Energy plc is a holding company, which engages in the exploration and production of oil and gas. It operates through the following geographical segments: Turkey, Kurdistan Region of Iraq (KRI), United Kingdom, and Africa. The company was founded by Tony Hayward on September 8, 2011 and is headquartered in London, the United Kingdom.
According to Genel’s website as of June 2019, major shareholders include:[1]
* Schroders plc – 9.3% * BlackRock Inc. – 6.4% * Baillie Gifford & Co – 4.9% * JPMorgan Asset Management Holdings Inc – 4.8% * Invesco Ltd.- 4.6%
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Where is the Headquarters of Genel Energy Plc
The headquarters of Genel Energy plc is located in London, England. The company was founded in 2011 and is a leading independent oil and gas company with operations in the Kurdistan Region of Iraq, Somaliland and Morocco.
GENEL ENERGY PLC – Full Year Results
Conclusion
The Genel Energy share price has been on a roller coaster ride in recent years. However, the shares have started to stabilise and look like they could be poised for a recovery. The company is an independent oil and gas exploration and production company with a portfolio of assets in the Kurdistan Region of Iraq, North Sea, Morocco and Somaliland.
The company has had a tough few years, but the share price could be set to rebound as the business starts to stabilise.
