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Genel delivers solid performance

Kurdistan and Somaliland-focused oil and gas producer/explorer has made it to dividend-paying, cash-generating company status
August 7, 2019

There were plenty of familiar points in Genel Energy’s (GENL) half-year results to anyone who had glanced at its performance in the second half of 2018. Revenue and Ebitda numbers were the same ($194m and $167m, respectively) and there is still no deal with the Kurdistan authorities on the 100 per cent-owned Bina Bawi project. 

IC TIP: Hold at 182p
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