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"maybe Duffy can say what the BIR % is the KRG hold on Atrush? " You mean the 'now you see it, now you don't' govt participation with a one-way money flow? Sorry, I got dizzy from the RNS smoke and mirrors watching that one. Haven't bothered to track it for a couple of years.
surrey, Yes, I agree to an extent about the bashing. I don't think it's that many, though? Maybe in volume of posts, but not total number of individuals. I stopped reading adv because it was reduced to nothing except empty repetitive bickering, and I ended up with nearly everyone filtered, but the numbers posting both here & on 3i seem quite low at the moment. I do see an equal and opposite reaction from the golden ticket group, too. Apart from posters like chocchipcookie, who seem measured, I don't really understand what the happy clapping and bashing is all about. It's uninformative and unpleasant. There isn't the audience to try to influence any longer, now the insti's have most of the equity. Maybe it's like Pavlov's dog? Surrey, as far as I'm aware we've never met, so your comments about me being a key player (lol, flattering but complete nonsense) and the extent of my knowledge/experience of the industry must have come from somewhere. If not tittle tattle, then observation...in which case you're reading it wrong.
Bit of a curate's egg of a post, surreyscot :-)) On the one hand you flatter me, but at the same time you engage in floccinaucinihilipilification. Btw, don't listen to Chinese whispers about what I do or don't know. The source(s) may not have been correctly triangulated.
TE, You seem awfully keen to get your message across in a very disparaging and assertive manner. You're actually quite rude. You're incredibly gung-ho...while you're holding and in profit. Trader posters have come & gone here and have lately been ignored. GKP historians take a more birds eye view. They appreciate the political difficulties, the corporate tricks and the nuances. Maybe it's best to dial down the ramping or you may end up talking to empty room? The filter option is quite useful.
Haven't looked in for a while, been travelling. It's hard to reconcile the posts from old-timers, who know the complete story, with the enthusiasm of newer investors, who will be doing very well. And the short term traders, of course, who are plentiful here. Best to avoid casting a long shadow over the newcomers' efforts. The past is not down to them. But they need to be aware of the pump and dump era shenanigans on the boards and why old hands are hugely sceptical of empty ra-ra posts and are wary of history repeating itself.
ss, the Iraq Supreme Court is due to start its ponderings on the legality of Kurd exports next month. That may or may not make progress, depending on the election results, and it's not clear how long it's likely to take. Maybe the Kurds will offer their support in return for a sympathetic hearing? The alternative outcomes of any hearing should certainly be factored into whatever passes for thinking at GKP Towers.
gyp, I don't think the guy at GMH served time. His knighthood (not a UK one, btw) looks like it's been suspended til further notice. Meanwhile he plods on making his millions. Caught a crab in Rahm's manor though with his Chicago Loop project. Re GKP/Kurdistan, I'm backing my wager. I'll give it a ten year time limit.
Cockeye, yes Afren's an example of where justice looks likely to be served, which is reassuring. Wasn't it the other directors, though, that called in KPMG/Willkie to have a closer look after revelations about payments by another company? That's my point - for an expose to occur, it needs a credible insider to blow the whistle and it looks like they're all a bit busy at the moment, hence I'm quietly confident of not losing my fiver. Who went to prison from GMH, gyp?
I'll wager you a fiver that not a single Kurd, UK, US oil exec ends up in jail over any of this. Frustrating as it is, it would take a significant well-connected insider type whistle-blower, who's on top of all the detail, with documented evidence, and is prepared to risk having their life trashed. And when have you ever seen that in the oil industry? Even harder than you can imagine. Worse than banks. I think we should assume business as usual for the foreseeable.
Fair summary, Invstrat. I don't think they get that many PIs at AGMs any more, so that 2012 moment - 'why are you paying yourself more than Peter Voser?' is unlikely to be repeated. 'Buckled' is now my word of week - Jon's MO for the last couple of years :-) You reminded of the 'Joseph' lyrics 'Poor, poor JonF, what'cha gonna do? Things look bad for you, hey, what'cha gonna do? Turned out OK for Joseph in the end. The question is, can Jon interpret Ashti's dreams? So much cash now and they're still staying put, not investing elsewhere. IMO, they should use some of that cash to diversify abroad and grow the company on more than one leg, a modest farm-in in a stable environment. Anything else makes them look like voluntary Egyptian slaves...go on Jon, call his bluff and think like a proper CEO.
gyp8, Not sure if you're referring to committing fraud and getting away with it in supposedly tightly regulated regimes (seems to be done every day in many countries) or the idea that there should be complete transparency with regard to the real ownership of public companies.
I was also talking about PIs. I know quite a few and don't know of anyone who starts their assessment with blogs. My empirical evidence is based on maybe 25-30 people. I've worked in all sorts of places, incl the Post Office, believe it or not. Barloworld was a good crack, as was CBS. Mostly self-employed though.