logo-loader
Genel Energy PLC

'We are like North American shale producers except we make money', says Genel Energy's Bill Higgs

That's the message that Bill Higgs, Genel Energy's chief executive is taking to the US in a roadshow for potential investors there.

We are massively outperforming US shale producers, he told Proactive's Andrew Scott and we need to tell people just how resilient and reliable the business is.

"We are profitable at US$20 a barrel and currently very cash generative."

Genel recently strengthened its executive management team following the acquisition of two of Chevron’s projects in Kurdistan, which has boosted the pre-production side of its Iraqi/Kurdish portfolio.

We slightly beat our production forecast last year and with a fair wind can do it again in 2019, he added.

Quick facts: Genel Energy PLC

Price: £2.01

Market: LSE
Market Cap: £552.93 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Genel Energy PLC named herein, including the promotion by the Company of Genel Energy PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Genel Energy 'a business going places' with material growth opportunities

Bill Higgs, chief executive of Genel Energy PLC (LON:GENL), speaks to Proactive London soon after announcing the company's to pay a maiden dividend. He says free cash flow in 2018 came to $164 mln and as a result they've recommended a final dividend of 10¢ per share - a total distribution...

on 24/4/19

2 min read

;