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Being short here now. The anxiety wouldn't be worth it. This is going to go off like an absolute rocket soon. Strap in, hold on.
Genel had a 20% rise a couple of weeks ago we didnt the gap between us has someway to go as we were over 60p higher before the pipeline closed , in all honesty good money to be made on both shares.
Actually you have a point. And the article (displayed in English now) even refers to Thursday and Friday, which supports the idea there have been developments since the 26 Feb version. Roll-on Monday!
Can anyone explain the reticence in the Genl SP. I thought they’d have matched the GKP rise but they didn’t quite reach the dizzy heights. I’ll need a bit more certainty before throwing more coins in the fountain.
Look at the bottom table in the short tracker link I have provided. They have actually reported they have gone to 0%.
"Today gone to 0%. "
Or they just went below 0.5%
Let's hope the IOCs have also agreed...
Millennium declared their short position on GKP on 22nd Feb for 0.5%.
Increased this to 0.61% on 26th Feb
Increased again to 0.72% on 28th Feb
Today gone to 0%.
😂
https://shorttracker.co.uk/company/BMG4209G2077/
All credit to GKP board - great comms
Just a reminder, the issue of PKK and their continued attacks against Turkish military installations from bases in the Quandil Mountains is not an easy one to solve - not for Iraq and most definately not forTurkey.
As long as their leader Abdullah Ocalan remains in prison (where he has been since being abducted from Kenya by Turkish security in Feb-1999, much of that time in solitary confinement) we can expect further attacks in the Southern Badlands against O&G infrastructure (especially the Ceyhan pipeline) and against Turkish bases wherever they may be.
From his prison cell, Ocalan continues to give focus to the internal struggle between the Kurdish minority and the Turkish government, who have shown scant regard for the ethnic Kurdish struggle for recognition within Turkey.
Now I am confused!
What gavsgear posted shows that there there is no agreement to resume exports because there are still differences that need resolving.
The one I posted was much more positive, that very important proviso about not yet having reached full agreement was missing.
The Arabic (or Kurdish?) version includes what gavsear wrote, incl:
« He added that the resumption of Kurdistan oil exports remains a few details and will resume. »
Link to what I posted is below, seems there are edited versions of the same story on the same website.
https://www.kurdistan24.net/en/story/34163-Erbil,-Baghdad-agreed-to-resume-Kurdistan-Region-oil-exports,-says-Iraqi-spox?
You omitted this from the first paragraph...
He added that the resumption of Kurdistan oil exports remains a few details and will resume.
And the second to last para...
"Erbil and Baghdad have agreed to resume oil exports from the Kurdistan Region," Hussein said
DYOR.
Whole article is below. First paragraph generates the headline, the rest is all Turkey related, not surprising since he was talking to CNN Turk. If true I’d expect the whole article to be about the pipeline with every news site in the region pumping out quotes.
“ERBIL (Kurdistan24) – Iraqi Foreign Minister and Deputy Prime Minister Fuad Hussein on Friday told CNN Turk that “Erbil and Baghdad have agreed to resume oil exports from the Kurdistan Region.”
"The Kurdistan Workers' Party (PKK) has become a problem for the Kurdistan Region, Iraq, and Turkey," Hussein stated, adding that the Iraqi government should not permit the PKK to remain on its territory.
According to the Iraqi Foreign Minister, the PKK has political parties and civil society organizations in Iraq, but the situation is different in Turkey, so they have become a problem.
Concerning the tensions between Turkey and the Patriotic Union of Kurdistan (PUK), Hussein stated that relations between the PUK and Turkey were once good, but they are now deteriorating. “The problems between the PUK and Turkey should be resolved.”
Iraq's Foreign Minister also noted that the development road project will be of great importance to Iraq and Turkey and will provide a direct link between the two countries.
Regarding the Turkish President’s visit to Iraq in April he said that they would “welcome Recep Tayyip Erdogan in April.”
He also revealed that a top Iraqi government delegation will visit Ankara next month to discuss the PKK, water issues, and bilateral relations.
The Iraqi official visited Turkey on Thursday to attend the Antalya Diplomacy Forum, which is an annual conference on international diplomacy that has been held in Antalya, Turkey since 2021.“
Yea, it's true when the PM's say it and a RNS lands on our doorstep, all the rest is lying politicians and people hoping to get in before the stampede, with a thin sprinkle of lucky peeps in the know. In the meantime, steady sales, possibility of growth or slight rise in prices locally, talk of alternative routes to market to scare Sudani and thirsty Iraqis, apart from the latter what's not to like!
Google translation of one paragraph..."Erbil and Baghdad have agreed to resume oil exports from the Kurdistan Region," Hussein said.
Hope it’s true but a X from John! If it was Prime Minister Masrour Barzani would be shouting from the roof tops (and it’s Friday day off)
So I reckon GKP can manage local market pricing because of their unique financial status.
And make money on the back of serious capex control to maintain the plant @ $6m, producing 38.4k bopd.
What if the taps are turned back on!!! Just run the numbers.
It gives me a hard-on...
Monday should be interesting!
Fuad Hussein: Erbil and Baghdad have agreed to resume oil exports.
https://twitter.com/john78846295/status/1763602914747031707?s=19
PIPELINE :-)
'Buying here now would be a great move. Limited downside, increased production, dividend/buybacks planned (regardless of pipeline), and a pipeline as a bonus. A rare special situation set up. A viable business as it currently stands. What an opportunity.'
Thanks NUFC!
After that little drama it's back to boredom for another three weeks. 83-102 range trading?
I've adjusted the assumptions in my model pushing back the pipeline reopen date (again) to end April.
Yawn.
Hi, unbelievably. After years and I mean a decade, like you all. I brought GKP shares in July 2010. I finally gave up, and went rouge into crypto lol.
Having Switched to Crypto I now have got all my losses from GKP and looking like it's about to progress into profit. Not Bitcoin, my Crypto choice was Pulsechain.
But I still want GKP to come good for everyone still holding on. To say you all deserve it is an understatement.
Bitcoin, by design will continue to rise. With the Bitcoin Halving coming around April 17th.
But I digress. If anyone was thinking of doing the same, only thing I will say is research it and find a friend who owns a Crypto hardware wallet etc.....
Other than that, I do still keep an eye over here. I truly wish you all get what you deserve and can retire from work or have a very nice nest egg from your GKP investment.
All the best all.
'Bitcoin will be ZERO before the year is out!
GKP riding high.'
Again, the quality of this board and its 'investors'. lol
Buying here now would be a great move. Limited downside, increased production, dividend/buybacks planned (regardless of pipeline), and a pipeline as a bonus. A rare special situation set up. A viable business as it currently stands. What an opportunity.