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Genel will follow in the footsteps of GKP
Booooooooooooom time is here
whilst PI's are watching and thinking shall i buy now
The SP is flying, before you know it we will be 150p then 200p +
GEN is up 7% !!
Yep noticed Genel not reacting. Doesn't get the GKP treatment. Might be an opportunity for some.
We has been walked down 20p in the same period they remained static, just recovering the manipulated fall that's all.
Sep 11 was just the day it hit 0.5% and so registered on Shorttracker... We have no idea when they set that small short.
Why dont we same there the same spike ? thing they were also using the oil pipe
Maybe I am a conspiracy theorist, but I wonder how many people were take out in stop losses yesterday before the positive (but not definitive) news today?
As the share gone into auction
Did someone say Walleye opened a short on 11th Sept? US based outfit. Wonder if they've woken up. Curious to see how they react if they get desperate to close.
ShaMaran up 17% on the news too
https://www.marketwatch.com/investing/stock/snm?countrycode=se&mod=search_symbol
Some very naive and deluded posters on here. Rinse and repeat. How soon is soon? Fickle +++
All those countries around Iraq and Turkey and including turkey are struggling with the closure and increasing oil price, they are under immense pressure to open it up again imminently
on top of that Saudi is cutting back oil production to have a minimum baseline price of $100
For me it's a no brainer, the pipeline will open ASAP
Local coverage -
https://www.rudaw.net/sorani/middleeast/turkey/15092023
The pipeline is not and has never been the problem. It's politics.
Good post TSSZ.
But the word 'technically' = we'll have what we want before we turn the taps on.
This a grown up game infused with geopolitics about which we have little or no knowledge...nor do GKP.
We just have to ride this storm, or bale.
MM restricting buys now
I'm in. Managed to pick up a fair few sub 89p on the anticipation of the pipeline reopening imminently.
FOMO
Monday would be perfect for a RNS, then SP opens up 50% minimum
It’s been confirmed pipeline is definitely opening directly from Turkey’s minister just an hour ago
https://www.reuters.com/world/middle-east/iraq-turkey-oil-pipeline-ready-resume-operations-soon-turkish-minister-2023-09-15/
Boooooom time for GKP
When there's the smell of serious money to be made , the herd will arrive like hungry dogs ...... can't be much longer
This is simply a negotiating tool that Erdogan is playing out.
Turkey don't want to pay the $1.5bn fine...obviously.
They certainly don't want more litigation in the USA which may well work against their best interests.
And they've weaponised the pipeline as sanction of their own to put pressure on the ICG for change.
Simply a negotiating tool.
And it will work, whatever the short term consequences to their local/national economics.
And whatever the consequences for IOC's.
But sit where GKP are for a moment.
The Board are attempting to navigate a minefield not of their making.
They have little/no influence of the power-play going on.
And they're doing that as best they can as far as I can tell.
But they have to try and protect our best interests.
And I think they are.
For what it's worth, when I reckon the sp has settled, I'm in.
Btw I'm already properly in!!
Q1 2024 is my estimate as to when normal service is resumed...
Interesting...
https://shafaq.com/en/Economy/Ankara-confirms-completion-of-inspection-for-Kurdistan-oil-pipeline
Same here !