Shore Capital downgrades Capricorn Energy after Genel deal
2nd Jul 2026 13:39
(Sharecast News) - Shore Capital downgraded Capricorn Energy on Thursday to 'hold' from 'buy' after it agreed to be taken over by Genel in a $360m deal.
Read moreGenel agrees recommended £271m acquisition of Capricorn Energy
2nd Jul 2026 07:05
(Sharecast News) - Genel Energy announced on Thursday that it has agreed a recommended cash acquisition of Capricorn Energy in a deal valuing the Edinburgh-based company at about $360m on a fully diluted basis, or £271m.
Read moreGenel Energy upbeat on year ahead
27th Jan 2026 11:49
(Sharecast News) - Genel Energy said in an update on Tuesday that it remained well positioned to deliver long-term value for shareholders, as it issued a trading and operations update ahead of its full-year results, pointing to a resilient core business, a strong balance sheet and multiple growth opportunities across its portfolio.
Read moreGenel taps Patrick Allman-Ward for chairman
22nd Jan 2026 07:52
(Sharecast News) - Exploration and production firm Genel announced on Thursday that it had tapped Patrick Allman-Ward to take over from interim chairman Canan Ediboğlu on 9 February.
Read moreGenel Energy production returns at Kurdistan fields
12th Nov 2025 08:16
(Sharecast News) - Genel Energy said on Wednesday that production from its key Tawke and Peshkabir fields in the Kurdistan Region of Iraq had returned to around 80,000 barrels of oil per day, as it reported continued free cash flow generation in the third quarter despite discounted domestic sales prices.
Read moreGenel Energy chair steps down after five years
3rd Nov 2025 07:59
(Sharecast News) - Genel Energy's chairman David McManus has decided to step down from the board with immediate effect due to ill health, the oil producer announced on Monday.
Read moreGenel Energy pledges to expand footprint, boost cash flows
18th Mar 2025 08:13
(Sharecast News) - Genel Energy said on Tuesday that it would look to further boost its presence in the Middle East, after delivering free cash flow for the first time.
Read moreGenel Energy production levels increase in FY24
27th Jan 2025 09:32
(Sharecast News) - Oil company Genel Energy said on Monday that both production and cash flow had improved in FY24.
Read moreGenel Energy shares slide after losing arbitration hearing
3rd Dec 2024 09:49
(Sharecast News) - Shares in Genel Energy were sliding on Tuesday morning, after the London Court of International Arbitration ruled in favor of the Kurdistan Regional Government (KRG) late on Monday over the termination of the Bina Bawi and Miran production sharing contracts.
Read moreGenel Energy lowers net debt position
12th Nov 2024 07:16
(Sharecast News) - Oil company Genel Energy said on Tuesday that it had significantly lowered its net debt position throughout the first nine months of the trading year.
Read moreQ1 production levels rise at Genel Energy
9th May 2024 09:34
(Sharecast News) - Iraq-focused oil explorer Genel Energy said its first-quarter performance was ahead of schedule with the business in a "robust financial position".
Read moreGenel revenues slide as pipeline remains closed
26th Mar 2024 07:21
(Sharecast News) - Genel Energy reported a significant decline in revenue to $84.8m in its full-year results on Tuesday, from $401.9m in 2022, attributed in part to the average Brent oil price dropping to $82 compared to $101 year-on-year.
Read moreJefferies upgrades Genel to 'buy', lifts price target
21st Feb 2024 08:29
(Sharecast News) - Jefferies upgraded Genel to 'buy' from 'hold' on Wednesday and lifted the price target to 100p from 85p.
Read moreGenel Energy reports ramp up of production from Tawke field
16th Oct 2023 10:46
(Sharecast News) - Genel Energy announced that crude oil output from the Tawke field in Iraq's Kurdistan region was continuing to ramp up.
Read moreDirector dealings: Genel Energy non-exec linked to buy, Alpha Group risk officer sells
7th Jun 2023 12:46
(Sharecast News) - Genel Energy was on the list of director buys on Wednesday, after one of its non-executive directors was linked to the purchase of more than 0.6 million shares.
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