thinking about it, looks like KRG isn't going to be able to keep to their promise. Today is a dollar holiday so unlikely a payment will be made.
Iraqi dinar is worthless outside of iraq so it is natural that oil companies would transact in dollars. Tomorrow is a muslim holiday so really, no dollar payments possible until monday. Unless the payments were authorised yesterday and we just haven't received into our accounts yet. These days, payments are pretty much instant.
Market is punishing the lack of news heavily especially with Genel directors selling. They got skinned today.
This would deffo be the time to buy!!buy!!buy!!... Cheap as chips at the moment for what's coming around the corner. I wouldn't want to be out of this for the weekend that's for sure. GLA I think we will hit 80+ at close tmrw. AIMHO DYOR
but conveniently at the same time every day ? News on oil was much earlier today and radio silence is not as it seems in that they have all stated (on GKP TV and most media outlets) that it will be done by end of Nov... which is 30th and so realistically could be Mon 1st just to be pedantic??? So we wait just a bit longer ? and while we wait MM's (A trades) play... IMO ?
so convinced that the fall today is MM's playing. Now i'm not saying it isn't but we have had radio silence on any cash from the KRG and Oil fell below $70 for the first time in 4 years today so it would make sense for Oil stocks to fall wouldn't it. It's not as if we are the only oil company in the region that is down circa 4%
Down big time today adding on the massive falls already in the oil price,now whos up to no good someone is getting screwd over big time with this oilprice .Maybe they are trying to bankrupt Russia gla..
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