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pathetic
KRG oil field shut in after pipeline outage
Forza Petroleum was shutting in production from oil fields in the Hawler license area in the semi-autonomous Kurdistan region of northern Iraq, after pipeline exports of Iraqi Kurdish oil to the Turkish Mediterranean port of Ceyhan were halted over the weekend.
https://www.argusmedia.com/en/news/2433617-krg-oil-field-shut-in-after-pipeline-outage
US has been leading from behind this for months. No doubt they want to force KRG to negotiate.
An agreement PR will be released very soon.
I don’t think so. For the first negotiation batch is normal to break away with negative results. Everyone want to show tough negotiation skills.
Most likely agreement will be sorted out early this week.
https://www.reuters.com/article/iraq-oil-kurdistan-idUSC6N33C02H
https://twitter.com/GoodnightCharl1/status/1624088465599082496
‘ The facilities have storage capacity that allow continued production at a curtailed rate over the next few days after which the Company would suspend production until pipeline export operations resume.’
missed curtailed here. all clear now
‘ Production is currently being gradually ramped up’.
In 7th Feb RNS, it was inferred that production was unaffected…
https://twitter.com/staunovo/status/1622559416015880194?s=46&t=ni446fGHusy6ENKsJJs1oQ
The current trend is that output is going up. Trend could certainly be stopped. I consider this unlikely as there new drilling ongoing. I will say we are more likely to reach 50k production in H1 that reverting to 45k. Would you agree with this?
55k is feasible output by the end of the year.
Yearly average of 52k is on the realm of possibilities
'Gross average production in 2023 year to date of c.47,800 bopd'
any management board actions?
confidence for payments is at all times low
AAAAAAAAANGGGGG!!!!!
Incorrect
Energy stocks make up just 4% of the S&P 500 but are expected to account for 12% of the index’s earnings in the second quarter.
That gap is one reason some analysts are bullish about the sector heading into second-quarter earnings season.
After a strong start to the year, energy names have fallen 25% from their early-June highs, underperforming the broader market. Oil and gas stocks are even underperforming the commodities themselves this year, signaling that investors have little appetite to buy in.
Trying to update the political risk assessment on my pricing model. No doubt that Iraq is still an unsafe country. However, indexes show a decrease in security and state threats.
https://www.theglobaleconomy.com/Iraq/security_threats_index/
One way or another that should alter political risk assessments and pricing models.
What are your views on the current impact of political risk on company market valuation?