Member Info for hasiba

Trumpy will have one choice left and that is to buy the shale oil assets and keep it stored underground as a national treasure for future needs.....one way to bail shale and himself out..

The market is sorting the oil price to balance supplies/demands balance.
The oil price solution is the lower oil price for now to cut more supplies from the market as many oilers particularly in shale industries will be decimated faster as they will not be able to survive this low oil price for longer..and others must cut production to reduce their losses.
Cutting supplies by opec++ obviously wouldn’t work now as the demands is hugely affected by Coronavirus debacles..but very low oil price will do the job....the market is in charge now.
Ride the storm and not long to go before oil balance is achieved...
Let the oil price go down quick!
Hold strong and ride the oil storm cycle..
If any thing buy on the low wave as pmo is oil and gas producers with solid foundations and rich assets and current share price is discounted on unfounded fears...
Low oil prices are affecting all oilers including majors ....
We are seeing the the efficiency of the market to sort out the exceess oil in the market by forcing the producers to either go bust or to cut their production...
No oil producers in the world can produce oil to sell it at loss!
We are getting nearer to the demands/supplies balance to start seeing oil price climbing up again sooner than you think..
Hold tight and remember you only lose real money by selling now...otherwise it’s a paper loss which is hardly relevant.

Good....
the market is sorting the oil price to balance supplies/demands balance.
The oil price solution is the lower oil price for now to cut more supplies as many oilers particularly in shale industries will be decimated faster as they will not be able to survive this low oil price for longer..
Cutting supplies by opec++ obviously wouldn’t work now as the demands is hugely affected by Coronavirus debacles..but very low oil price will do the job....the market is in charge now.
Ride the storm and not long to go before oil balance is achieved...
Hold tight as you are not losing any money until you sell...
Let the oil price go down quick!

https://english.alarabiya.net/en/business/energy/2020/04/19/Saudi-Arabia-Russia-signal-further-OPEC-oil-output-cuts-possible.html

As per Gkp recent RNS...
“GKP understands that the KRG's proposal is in line with those made to other international oil companies operating in Kurdistan. GKP remains in dialogue with the KRG and will update the market further as and when appropriate.”

So let’s see what the new update will be before jumping into conclusions!
GL holders...hopefully better week ahead ..

80% of Kurdistan autonomous region budget depends on oil revenues so it doesn’t make sense for the krg and their own people to be able to survive without IOC help them to achieve this and the more revenue these companies bring by increasing productivity in oil the more benefit their region achieve...
So if these IOC collapse due to non payment then the bigger losers will be Kurdistan region so it’s not in their best interest not to pay . We really need to talk sense on this issue..As they obviously in difficulties with the Lebanese bank issue of liquidity and other unforeseen circumstances of the Coronavirus and of course the corruption you can put in the mix too like many other third world countries..
I do agree the mechanism/procedures of payments need to be changed due to the disadvantages of the current agreement in favour of the krg and needs to be balanced to ensure regular payments in time..
Turning to the point of JF “incompetence “ as described by many here...can you explain what advice you give him to improve his performance! rather than just bashing him all the time. I think by stopping the other fields drillings and sending workers home temporarily is the right move signalling the Coronavirus excuse but also mentioned the non payment discontent is a prudent move to threat the krg to force them to rethink the payments due or no increase revenues or getting rich without paying the company...where are the wrongs in all this? I am not defending him or the bod but to oust him now with all the mayhem around would be a disaster to Gkp and the SP..
Let’s wait for the coming RNS with many important issues to clarify...it should be landing soon.
I am over all positive and think the SP will continue to rise and it is currently discounted and opportunity to add or buy....
Of course just imo
As always dyor

highlander...
Definitely I wouldn’t invest in Gkp if I think the same...!
So why are you still holding if you believe what you say is true?

We just need to be patient as the RNS confirmed it was a proposal by the Krg and the discussion is still underway and Gkp with Genl did not say they agreed to them regarding the over due payments or the future mechanisms of it either...no doubt the coming RNS will give us more news and the date of restarting of drilling ,with a decision on paying the dividends...
More patience is required and hopefully we get answers to these issues before the end of this month...
Gkp is a well capitalised company ,with best oil company on returns on capital and equity and in fact even much higher than Genl..with a huge pile of free cash..and capacity to expand its future investment growth massively.
A little more patience is required and hoping for another RNS within next 10 days .
GL

WTI is not relevant to Genl oil.....
Brent oil price is..
We shouldn’t confuse the two...

“Today WTI is the benchmark for oil prices in the US, while the rest of the world - and nearly two-thirds of all oil contracts traded - are on Brent. This makes Brent the global Benchmark.”

Bunks....
Chevron and Exxon share prices are rising not necessarily only related to oil but to Gas ,as Gas prices on the rise and in the last two days trading the natural gas price has gone up by nearly 13%..
Usa energy consumption alone is 25% gas..
Eexon is number 2 in the top 10 biggest gas producers and Chevron is number 5..
Shell and BP are even larger than Chevron in Gas production..so some better recovery there too..
I bought the knocked down sp of PMO and have been accumulating lately because of their relatively big gas production in supplying Asia and Singapore is one big pmo client..
So here you have it and many are predicting gas prices will double by the summer of 2021..or even by the winter this year.
This might explain the rises in Chevron and Exxon...you can add to this the destruction of Shale and those big boys will be the main beneficiaries when oil price settles ..
Also my latest posts was shouting we need gas for Genl and expect SP will fly and perhaps the market is expecting Genl reaching agreement with Krg soon ..re: gas production..reflecting in the strength of SP which will rise steadily on their big gas assets for now ...
Just imv of course
Have a good weekend...

On this weekly rig count collapse...
Shale will be decimated in less than 8 weeks!!
Or even far less if WTI price continues to decline!
Probably they will end with one or two rigs flying the Stars and Stripes for history lessons..

https://rigcount.bakerhughes.com/

Shale will soon have to pay to get rid of their oil unless they stop their current greed and unfair treatment to other world oil producers..
Its self destruction and stupid..

Annihilation of oil industry in usa.....
America first ...eh
Most Shale to go bust soon....
“Don’t step in the same river twice”

WTI Texas oil price is now selling at 11 cents a litre..
Hell its much cheaper than a bottled water from Lidl..
Ah well ..I have no complaints....greedy basta*ds..

Genel Energy
Genel has received payment for March oil sales from the KRG of $2.5m from Taq Taq net and $8.5m from Tawke. Under new proposals from the KRG during the current oil price situation they will pay monthly invoices 15 days into the following month but that the Tawke override payments will be suspended for at least nine months. The November 2019 – February 2020 payments will be deferred and at $50 oil and a programme of repayment will kick in.

The promise of consistent future payments offsets the deferral of invoices from a time of a higher oil price, providing clarity over Genel’s cash flows going forward. Genel’s strong balance sheet should see it end 2020 with a net cash position, a good position to be in, and the KRG has illustrated its ability to make good on receivables in the past, I see no reason why Genel will not receive everything it is owed in due course.

Are marching up in Tandem ...
Gkp has a lot to catch up...will accelerate its upwards movement ..
Very undervalued imo...and will pass £1 sooner than you think..
Ignore the persistent trolls
As always dyor..

Will it pass 110p!
Boyo wrote today “ If I change my mind then I can always sell - the opportunities to shift to another investment are relatively good currently.”....
I like this too

It just started crawling and now in a sitting position! Up

Market is responding positive and SP is rising now...
Market is an effective and efficient machine...