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Are reporting oil exports will take some time. 8 mins ago.
https://www.bloomberg.com/news/articles/2024-04-22/iraq-says-resuming-kurdistan-oil-exports-will-take-some-time?srnd=markets-vp
There's a difference between pump and dump and an anticipatory movement of the share price, yes it may go up and down, but that doesn't make it a pump and dump when there is a real possibility of a resolution, a pump and dump is a specific situation when a recommendation or rumor is made to pump up the share price so of holders can sell as a profit. When the country's leaders are meeting, the USA are adding pressure and OPEC are recommending opening the pipeline, they're not all pumping the share price to make a profit they're trying to get it done.
My (only a year into this so not experienced) thought is it's because there hasn't any will to engage with opening to the pipeline from the IOC energy ministers, the contracts were merely used as an excuse and football to make it look as if something was happening, the political will and pressure has now built up to a point where it looks likely that we contractual issue will be resolved one way or the other and miles coggins said in a recent interview he expected or anticipates at least, new contracts being signed. Given how quick APIKUR have been to stomp on any suggestion that negotiations are taking place they haven't said anything negative about that recently.
This is a P&D. It got to 130 in short order last year on speculation of a deal and this is no different. There will be no unassailable rise until there are firm guarantees of a resumption in exports. Those buying in to this will make a few quid when it drops back down. Bon chance all.
To go, as news comes out of Iraq , later this evening, hopefully push the SP past £1.50 this week
I still don't understand how any announcement can change anything.
The issue is with the IOCs and ICG (contracts), right?
What am I not seeing lads?
🇮🇶🤝🇹🇷 — erdogan’s itinerary while in iraq:
- a meeting between al-sudani and erdogan at baghdad's republican palace.
- signing ceremony of agreements and memorandums of understanding.
- press conference between erdogan and al-sudani
- erdogan’s visit to erbil governorate, 7:30 pm.
- a meeting between barzani and erdogan.
the delegation accompanying erdogan:
- foreign minister hakan fidan
- defense minister yasar guler
- the minister of interior
- the minister of trade
- the minister of transport
- the minister of agriculture and forestry
- the energy minister
- the minister of natural resources
- the minister of industry and technology
source: hxxps:// ****/assyrianewsnetwork/4278
__
🇹🇷 — sources indicate there will be two meetings during erdogan's visit to erbil. the puk will participate in the first meeting, which is of a protocolary nature, where non-critical issues will be addressed. however, the puk will be excluded from the second meeting, chaired by masoud barzani, where substantive matters such as the pkk and oil will be discussed.
source: hxxps:// ****/assyrianewsnetwork/4281
Heavy buying at the top of the price......hmmmmm
Oversold?
Looking oversold.... Hope it doesn't dump heavily invested here
The Chief Legal Officer of the company doesn't think so
Is it in auction
Be careful. You might not have translated that correctly 🙃
From ADVFN
OPEC has called on the Iraqi Oil Minister to allow the Kurdistan Regional Government (KRG) to resume oil exports.
The Organization of Petroleum Exporting Countries (OPEC) has officially asked the Federal Oil Minister Hayyan Abdul Ghani to allow the export of oil from the Kurdistan Region through the Turkish port, a source in the Federal Oil Ministry told Iraqi media.
According to the same source, OPEC has asked the Iraqi oil minister to allow the Kurdistan Regional Government to export 200,000 barrels of oil per day through the Turkish port.
What was the Iraqi oil minister's response to OPEC's request? The source said Hayyan Abdul Ghani has sent the request to Iraqi Prime Minister Mohammed Shia Sudani and is awaiting his response.
The Iraq-Turkey oil pipeline has been suspended since March 25, 2023. The pipeline has the capacity to export 1.4 million barrels of oil per day. However, it has not exported that much oil so far, and what was exported before the suspension was 450,000 barrels per day.
https://www.kurdistan24.net/ckb/story/256559
How does Erdogan intend paying off Turkey’s ICC fine of $1.5B (and mounting) ?
Hope Baghdad have not made a backdoor deal to starve out Kurdistan from exporting through Turkey’s pipes in return for waiving the fine ?
Then again ….. nothing would surprise around here.
Why would anyone buy before good news is announced and the price reflects the good news?
I can't begin to think.
I post the following just as a reminder that not everything you read on ME websites can be taken as gospel.
From Shafaq.com (English) on 19/4/24, al-Sudani speaking to Biden:
"ISIS is not a threat now to Iraq and most of its members are now hiding in the mountains in caves in the Sahara Desert..."
Where to begin?
1) Why do Americans insist on expressing their credentials by their third generation heritage...how insecure is that?;
2) What are his credentials to lead the APIKUR 'resistance'? Certainly not his Congressional contacts who are, at the very least, peripheral;
3) Who was responsible for his appointment and why?;
4) When do his Mum and Dad feed him his Farley's Rusks and milk before changing his nappy and putting him to bed?
So naive..
APIKUR is not involved in this negotiation at any meaningful level, and Caggins III does not have the gravitas to influence the outcome in any meaningful way.
Clearly top of his list is Kurdistan oil exports, while water is clearly being held as a bargaining chip. Iraq has got plenty of "flunky", things for him to sign but clearly that's not why he's here.
Much more promising, light at tunnel end possibly. well worth a read.
https://www.kurdistan24.net/en/story/34657-Turkish-President-to-meet-Iraqi-PM-in-Baghdad,-key-agreements-expected
Def pump and dump
Rot so what? They have already said multiple times that they were going to reopen but they don't there's no indication whatsoever that anybody intends on allowing Kurdistan to send oil to the west. Just another pump and dump and why anybody would buy unless the news is actually out I do not know
In the background maybe there's a possibility that there will be a takeover, with legitimised contracts GKP is ideal for that, if you are looking at 111notout or goodnightcharlie he's a constant multiple accounts spammer on ADVFN and reposts as if it's someone else. BUT it has happened to other oil companies in the region so - maybe 🤷🏻♂️
Anyone got a view on the stuff on twitter that GKP is in the process of being sold, its been posted allover twitter/X
Looking very positive here and Genel rising very fast!!!!
Wheres Ponzi??????
Https://uk.news.yahoo.com/finance/news/kurdish-separatists-water-issues-loom-051007293.html