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Anyone got any idea on why we are having such a big rise in the share price? News on the pipeline? Welcome rise but why?
Owning GKP stock is like being in purgatory.
When will the Iraq-Turkey pipeline reopen? When will the KRG pay the company what they owe for past deliveries? And what will GKP be like after this palaver is over?
I loved this stock back in the day for her regular dividends, super-charged dividend yields and low valuation multiples. But the reasons for this are now crystal clear - this will always be a hyper high-risk stock for as long as they operate in this geography alone.
Kudos to management for steadying the ship in recent months. Local sales and cost-cutting have kept the team in place and the cash balance at safe levels. Things could have been so much worse without sensible on-the-ground action.
I'm holding GKP until we get some material good news. Then I'll probably reallocate some funds to AET & ENQ.
Even Malcy, splashing it around,
Oil weakened yesterday, it was a combination of a bit of profit taking as the quarter started and also the weak dollar had its turn in putting off buyers. Also the news about the Turkish pipeline reopening finally convinced the market that supply was increasing although only a little. The Opec meeting starts tomorrow and given that Brent is off the top I can’t see the Saudis offering to cut back this time.
Not the Time to be sitting on the sidelines, you have been warned, its going to flow!!!!!!
Kurdistan Watch
@KurdistanWatch: 14h
Turkish Energy Minister Bayraktar announces the Turkey-Iraq oil pipeline, accounting for 0.5% of global oil production, is set to resume operations this week after a prolonged disruption.
He says the pipeline which carries KRG oil is operational as of today
Yep. The next dividend will be paid a few weeks after it is declared. You are welcome.
Can anyone advise me when we can expect our next dividend?
Panr is the one to get on to recoup any losses.
Anyone know why the SP has jumped 10p?
….. depends what’s in it for him(of course).
Strikes me that Erdogan, as with a lot else (Sweden in Nato anyone?), may now be in the mood for a deal. Election's over and Turkey is badly in need of cash.
May 3 (Reuters) - Iraq expects to reach an agreement with the Kurdistan Regional Government (KRG) to restart oil export flows from the country's semi-autonomous Kurdistan region within two weeks, Oil Minister Hayan Abdel-Ghani said at a conference in Baghdad on Wednesday.
Hopefully Soon.
Also says the board were also in on it at the time. Little wonder they voted themselves huge pay rises.. They deliberately crushed the company through greed.
Explains how GKP got the licence's
When do we expect to see some upwards share price movement? Been holding July 21 and had hoped the share price would have been over 300p by now. Is a sale actually ever going to happen, i am not too sure.
Shell will buy us out
Exxon sorry not Shell
You would have thought a Shell takeover of GKP would have had a positive effect on the SP ?
https://www.marketwatch.com/story/exxon-reportedly-may-make-bid-for-gulf-keystone-2011-12-18?mod=mw_quote_news
Sold my stock
Topped
Up
I am.
I hope there’s a few former GKP shareholders in that jail.
Short on
I have a few left in a festering nominee account. Is there much upside with these thieving rascals shorting it every day?
How you doing Belgrano , mine is in the loft somewhere with loads of other parafanaila, might be worth a couple of bob in another 10-20 years if we’re all still here that is GKP included
GLA LTH should be getting an update very soon , imo 55K BPd reference the drilling etc