Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I am a bit lost with short positions right now. Few jumped in and out recently, but only one on the profit side increase holdings. Is it because they can risk a bit more than the others? Or we shareholders can't see what is going on with it?
Well at least they are still talking and discussing the issues. Wonder if the pressure from John Kerry has anything to do with it. No USA dollars if they cant reach agreement to export crude would be my bet.
Wonder how much it would cost for the IOC's to build their own damn pipeline 0_o
Yet another chapter of interminable meetings - called by ICG Oil Minister Hayyan this timeβ¦..
The skies over Baghdad will be black with private jets inbound from Erbil, and roads will be blocked with truckloads of (approved) biscuits.
What an ongoing pantomime of incompetence and self enriching point scoring at the expense of us little IOCs and the peoples of Iraq.
Good day to all long termers. Hope all is well.
Cheers
Blade
Howdoo Victor n Jens...one day rodders...
Hope all are well? Incredible that it's been, near as dammit, 15 years...so much and so little has happened and changed!!
Lol !
Good morning Victor, lovely to hear from you and all is well, thank you.
Ahh one of the private member clubs... key's in the pot?
Just to be clear, the oil and gas bill has been in discussion for more than a decade. What important for #GKP is the amendments to the budget to increase production and transportation costs in Kurdistan. DYOR.
Good to have some fresh blood in the game.
Welcome David85β¦.. hope you know what you have got yourself (and presumably your money) into !
The overpaid and underperforming Iraqi oil minister, is again trying to link other items into the oil and gas issue that were never there at the beginning. Nothing to do with the oil companies or crude losses to Baghdad, just trying to extort more control.
Any excuse to cause more delay and they will jump on it like a shot or otherwise just make something up..
https://www.kurdistan24.net/en/story/34196-We-discussed-oil-and-gas-bill-with-Kurdistan-Region:-Iraqi-Oil-Minister-Hayyan
Morning Jens - hope you are well ?
David85 is very special - and VERY new to GKP - been a member for a whole 24 hours or so....... since yesterday !
Maybe he was a private member before that ? ;-)
It's not on AIM, you're very special.
Thanks for the reply Belgrano.
AIM is full of corruption, always at the expense of the retail investor, who actually keep the BOD of these companies in their position.
Once I can exit, Going full into Crypto. F*** AIM!
Charge Baghdad to go after their rich cohorts in Erbil to recover our missing paymentsβ¦.. and meanwhile stump up as per our contracts.
I have no shame in receiving a long overdue cut of our cash - which is stagnating at bank.
On the question of dividends and company buybacks I believe the company are completely on board with it. However at the current time as a group they are in effect at loggerheads with Baghdad over their attempts to cheat the Kurdish oilers from their contractual payments.
If the oilers are claiming they req XXX dollars to remove crude, the current time might not seem appropriate to distribute millions of dollars to shareholders.
Just being a bit sensible that's all.
ππππππππ
Are dividends supposed to be getting paid to shareholders?
As I havnt had any for years, I recall getting them 3 years or so ago.
"This company is pure Gold. Unfortunately it is ripping off the people of Iraq. They have paid out more in dividends to share holders than the current value and that does not include payments to the government."
They've just been paying out the money pre 2016 stakeholders put in...
That's why I said it depends on wich side of the fence your sitting on
"Actually he did say at the end the Kurds can't be trusted with the money, once the money comes to central government Iraq all the issues will be sorted"
He's from Kirkuk, but is he a Kurd?
Actually he did say at the end the Kurds can't be trusted with the money, once the money comes to central government Iraq all the issues will be sorted
Oil article, which book is he selling now
Don't stress not good for you
I was speaking to a friend last month he's from Kirkuk, asked him if he was are aware of the pipeline issue, he replied everyone's talking about it over there, so asked what's the problem why will they not let the Oil flow, he said listen, the Kurds need to realise the oil belongs to Iraq, the Oil money, needs to come to Iraq
I was more confused than ever, I guess It all depends on wich side of the fence your sitting on
Simon Watkins has been posting the same things for months now it's clickbait, there are people really HOPING that GKP will be assimilated for a nice price, IOC's can't be taken over or taken away, the ruling of the Iraqi High Court that the contracts are illegal is irrelevant, that's why the ICG haven't just taken control, the contracts are guaranteed by international law and can only be changed with the agreements of the IOC's, that's one of the reasons why things are stuck.
Like I've been saying, but due to emotion or by wanting to mislead, others have suggested that commercial pressures will override this. They won't! If such pressures didn't burst the dam at 3 or 6 months, they're not going to at 12 or 18 months. The US doesn't have the influence or will to budge this. A Trump second coming may help, but his focus is going to be domestic for some time and his foreign policy previously was to retrench from the Middle East than to gain further influence, hence the vacuum filled by others.
"The article in Oilprice today reads very concerning, there was a similar one about 10 days ago, but disappeared very quickly. Seems to me that Russian (Iranian) & Chinese influences are gaining pace. Hopefully GKP can stay on board through SOMO etc. rather than being assimilated.
Headlines
"The New Oil Law being worked on by the government of Iraq in Baghdad may drastically reduce the independence in energy matters for Iraqi Kurdistan."
"The FSC ruled that the Kurdistan Regional Government (KRG) must turn over 'all oil and non-oil revenues' to Baghdad."
"The New Oil Law may have drastic consequences for Western IOCs working in the area."