Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video 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.
Mulder 100 percent on twitter fools and Malcy the moron
Basically says everything I've said here since March 25. Crxp.
More lies then?
Is it just me, but after the LSE update last month, if you go from one to another share chat thread, without refreshing you miss the latest post ffs. So ignore my last post!
Sorry this is the link for a year ago article by the same guy
https://oilprice.com/Energy/Crude-Oil/All-Hopes-Are-Dashed-For-International-Oil-Companies-In-North-Iraq.html
This article 3 hours ago is a bit worrying, but again no article has been correct in the last 5 months so who knows!
https://oilprice.com/Energy/Energy-General/Iraq-Unwilling-To-Resume-Crude-Exports-From-Kurdistan-To-Turkey.html
Hmmm.... Simon Watkins exactly a year ago......
I think he may be a bit of a doom merchant. How much merit in his latest article? 🤷
ITS A YEAR AGO 👇
All Hopes Are Dashed For International Oil Companies In North Iraq
By Simon Watkins - Aug 08, 2022, 5:00 PM CDT
IOCs get blacklisted from operating in Iraqi Kurdistan.
Two landmark legal rulings made in February by the Supreme Court of the Federal Government of Iraq in Baghdad paved the way for blacklisting the IOCs.
The withdrawal from parliament of Moqtada al-Sadr and his 73-member power bloc has caused chaos in Baghdad.
Join Our Community
Iraq
Any hopes held by international oil companies (IOCs) that the Baghdad-based Federal Government of Iraq (FGI) was just bluffing about blacklisting IOCs operating in the semi-autonomous Kurdish region of Iraq have been dashed. A letter sent on 12 June by Hassan Muhammad Hassan, the deputy director general of the state-run Basra Oil Company (BOC) called on ‘all lead contractors and sub-contractors’ of IOCs working in Iraqi Kurdistan to pledge that they would no longer work in Kurdistan and that any current contracts should be terminated within three months. This has been followed up in the last few days with an order from the BOC director general, Khalid Abbas, to ‘all lead contractors’ that orders them to ‘suspend dealing with the following subcontractors and never invite them to any future works or projects in BOC oil fields as per the licensing contracts signed with your companies.’ According to local reports, multiple oil companies working in the northern Iraq Kurdistan region (including DNO, Western Zagros, Gulf Keystone, Genel Energy, and ShaMaran Petroleum received a letter on 19 May summoning them to appear at the Commercial Court in Baghdad on 5 June), whilst the most notable of the four IOCs blacklisted a few days ago was U.S.-Irish oilfield services giant, Weatherford International, according to Iraq news sources.
ONE YEAR AGO, NOT YESTERDAY. 👇
https://oilprice.com/Energy/Energy-General/Iraq-Unwilling-To-Resume-Crude-Exports-From-Kurdistan-To-Turkey.html
Also a shame that posters like the idiots on Twitter have for over a decade posted highly misleading statements pretending they have inside knowledge of what is going on behind the scenes, slam dunk takeover, £8/share Exxon etc etc.
The fool Malcy has also once again been found out to be clueless and caught with his pants down, even as a 'oil consultant/insider'. He has been consistently wrong for over a decade now with his buy recommendations on GKP and Genel.
Some crazy action today genl and Dno down 5% respectively.
Gkp was 24% and ended 18% so what was the cause ?? HKN report come out yesterday so today makes no sense .
Gkp only IOC with zero debt and cash to last for another 12 months .
Massive trades today which isn't normally seen so what's afoot here ?
Lots of stop loses hit when they took it down to 81p so many Private investors got sold out ..
Someone definitely hoovered them all up .
Todd did say there won't be many left when the real actions starts .
Can you imagine Erdoğan going to iraq and agreeing to open the pipeline next week
An investigation would have to be done by the FSA surely.
Let's put the main point and fear out there. Something the short sellers are praying on. Iraq and the Central Government want to seize Shaikan and the other IOC's/oil assets in Kurdistan for themselves. They believe the Kurdish assets of GKP, Genel, DNO, HKN etc are illegitimate and ill gotten, after all this was only after the west invaded - parallels with Russia and Ukraine? - and they will do their damndest to seize their assets and make their contracts null and void.
Sudani has turned out to be a two faced barsteward and the rest are just incompetent, corrupt clowns who certainly do not have the best interests of the country, economy or foreign investors at heart.
It should not take 5 months to turn a pipeline back on!
Billions in lost revenue yes but Sudani and Baghdad are looking at the long game. The people do not matter to them. Lies on top of lies.
What kind of news ,if any has crossed your mind? Defaulting would be a bad news ,but there is no debt,if there was bad news regarding the contracts etc. all of the parties involved would have suffered the same fate ,I am talking DNO,Genl etc.So what bad news?It was violent price action, something like this is to be expected when the company have slashed dividend or has made public offering.Do they need to issue more stocks?So many questions but so little answers.
"There won't be many PI's left at the end."
584k @ 108???
Exceptional volume alongside a falling price will most often signal that negative news will follow, and of course high volume with a rising price presupposes positive news.
A late Monday trade, probably a sale, of 100 + k was fortunate* for who ever it was,. ( * corruption is not limited to the 3rd World ) however, some late trades came in today that look more promising, including 584k @ 108 and 250k @ 100. I hope they know something positive, that said, if the price does recover on Wednesday morning questions should be asked.
I think we who know know that this is the long game which these bright tribal bullies are working towards.
Can we meanwhile demand that our invisible BoD take our debtors to court as the managers of any small company would already have set in motion - to fullfill their contracts of employment ?
No !? …….Maybe best to lay low and assist with the winding up/fire sale.
Jenalehman
What low ball offer, clearly pipeline issue is big, by the time its back up gkp can lose significant value.
The only noticeable change has been a new NED in the last 6 weeks...
Are we about to be taken for a very lowball offer...
That's a lot of volume on the back of readily known news?
And pesky MMs? I don;t know what's going on.
Praying this is good news coming down the pipeline...
The answer is in my 17.29 post below.
BoD will be protected well into their next top management positions by their copious End of Company bonuses after this debt free joke of an ‘oil company for dummies’ is despatched to the fire sale.
Wonder who in the KRG hierarchy picks us up for buttons ?
The Barzani family will end up with this at a bargain price.
Yeah, ours isn't crude quality, so I can't imagine we have the same demand, and the local market can't partially satisfy all the regions oilers.
HKN is currently limited to the local sales market in Kurdistan at a net-back price below $40/barrel (Sarsang oil quality is roughly equivalent to Brent crude quality). • During the 2nd quarter, HKN sold an average of 13.7k bopd at an average net back price of $41.47/bbl, generating revenue and cash payments of $19.9 million, net to HKN. • The domestic market for crude oil sales is inconsistent, varying week-to-week. As such, future local market sales (volumes and prices) are unpredictable.
Many of us messaged GKP asking for this pending resolution of this mess.
Did they listen?