Member Info for hasiba

10950 shares

Hi Boyo...You are right about your suspicion of Gkp and the many PIs investors lost more or less all their money few years ago 2016 when a huge share consolidation took place so you will notice over the BB there many either discourage you from investing or dislike new investors buying Gkp because they still feel very bitter ... but who can blame them!
Well luckily I was not investing then but joined only recently and built my holdings from around 57 p and last one was today at around 81.7 p so over all my average around 18% in profit so far..
Gkp management planning and style are very different from G...and as you know they have a huge oilfield but recently because of the Coronavirus they stop drilling on many fields and sent workers home but the production fields production continues at 38k bpd...the Future investing growth is on hold and so is the dividends for now...the ceo is paying himself a fat salary but he is an experienced and brutal in planning and execution and saved Gkp from bankruptcy ...
The SP is now equal to the huge cash in free cash not accounted for valuable assets ,and the small debt due in 2023 and well covered..so bid is a possibility too at the current sp discount which I think it’s a manipulation by big boys for a low ball bid or to fill their boots before the rise...
That is why the severe volatility in SP during day trading..
Return on equity and capital is far better than even G but the equity and SP in the hands of institutions and hedge funds and PIs has little control as they only hold 32% of the total..while G is over 50%..
I have a target to exit as I do in all my oilers and Gkp imv is a good bet on value and to less extent quality...and a possibility of a bid or merger..
I have 10 oilers and all doing ok apart from two of them in a loss..
Oil price wouldn’t bother me much at present as I exploited it and bought many oilers at a very cheap price ...I always invested in commodities mainly though I have a couple in bio pharma too..
GL and another casino day tomorrow..

OP will bounce quicker than we think....
Historical boom and bust all there to see over decades of oil ..
Every bust cycle is followed by a boom one..
Absolutely no fear of this volatility..
Today added more to my existing holding ...Hur,Gkp and Pmo and if G was going to 116 p I would have added more too...
“Balls of steel“

Lots more to my holdings today at low share wave...luckily!
Hur is cheap and solid with good investment growth prospects and great management...
GL holders

Yes Ocelot...and I think they were trying to bluffing the market and opec++ with words and promises but now they got really punished by the oil market...shales is being minced and all higher cost oil companies ...
The speed of op declines is astonishing and rebound will be even bigger!

Courtesy of Longtermthinker at LSE..
“ The consensus is not enough, although am sure the big traders/hedge funds love it as it gives them opportunity to make money from swings as they big up the deal then trash the result.
I think Opec and Russia got it right though, gives the impression they want to help whilst still crushing shale as $21 WTI on the market will be more like $16/17 at the well head and no doubt as storage fills, nobody will want to take it.
Don’t get me wrong, this is terrible for the future, lack of investment and shut in production, should these low prices continue will come home to roost, survivors will reap rewards, but for now it just looks bad.

On a positive note, Trump will not be able to bale out shale, at least not in a meaningful way as he would be going totally against Russia and Opec after begging them to do something.

Oil will rebound without a doubt, just how high will depend on how long we stay in the $20-$30 range.

Buying op tomorrow me thinks. Good luck whether you are in, out or just watching the show!

LTT”

Added 10993 shares to my holdings while the crazy sales continues!

Added 25662 shares to my holdings..

Going up with oil price up too...
Volatility yes but then up up...
Holding strong..
Today oil price is a matter of buy on rumours ..on previous speculation before opec++ meeting ...and sell on facts after the meeting!
Tomorrow another day..

https://uk.reuters.com/article/uk-global-oil-saudi/saudi-energy-minister-says-effective-global-oil-cuts-above-19-million-bpd-idUKKCN21V1EC

Well....great discussions today and good points were raised...
I will go back in opec members history of compliance of their agreed commitments of supplies cuts and one of the least compliant member to the annoyance to others was Iraq...
Iraq talks the talks but doesn’t walk the walk so I would put a big question mark on their declared commitment to recent opec++ meeting agreement...so 23% reduction would not happen . Iraq is at the bottom six of the most corrupt political systems in the world..
Iraq and Krg are smuggling oils without including it in any opec quotes to help Iran, affiliated militias and Turkey to bolster them politically and financially..These are undeclared facts.

The current response to opec++ supplies is not expected (including myself)to be this timid though still very volatile as no accurate estimate of supplies reduction or demands quantities but all are based on speculations .
But the opec++ supplies cuts at least put a floor to a free falling oil price .
Oil price must rise from here as the usa will not allow Shale to be destroyed completely but let the fittest survive where the costs are lower or acquired cheaply by the majors oil and gas companies that can control within its big production portfolios..
SA and Russia wants higher oil price as they are economically oil dependent though to a-lesser degree for Russia but still extremely important for Putin political existence and ambitions.

Back to GKP and Genl too ...which both are crucially important to Krg and their own people will not fail or even allowed to fail though they both disappointed their shareholders but their future are brighter from this very low valuations and the rich assets ..
I will not sell any of them simply because of the uncertainty of the current oil price volatility and even if they comply with 23% reductions when the oil price is expected to rise to $40-50 pb in the coming months then this 23% reduction will come down to 0 if you take the future oil price at $40.

Another advantages in their future investment growth are the development of gas production and increasing oil production which may worth much more than now adding acreage to the productions and profits..

And just to remind ourselves the opec++ implementation starts 1/5 so why jumping ship now while we have more than two weeks to see further developments than can lead to rapid rising of oil price when Coronavirus lockdown loosened and naturally oil demands will increase dramatically...adding to this more clear picture emerging of the exact figures of supplies cuts..

It is all in the air now and I am holding strong here as I believe Gkp will be essentially far more beneficial from the rising oil price to reflect in share price than even Genl as it’s coming up from very low sp currently in comparison to the recent rapid rise in G sp...though I hold both of them.
Just imo but as always dyor
And will add more Gkp on the dips!

Allowing their mates to exit their shorts unscathed...Then!

Buckle up before the oil market opens..
Deliveroo on the way with a G-Suit!
Lol

Typo...
It should read ...
” The new opec++ agreement will result in total oil supplies CUTS of 19 mb a day and not 9.7 mb . “

My take is...
GKP is very undervalued at current share price
Total liability is 16% of GKP Assets value
The new development in Iraq central government..all parties, sunnis,Shia and kurds are happy with the new choice of prime minister and even uncle Sam has congratulated him! So better future stability it seems which has caused deep cut in share value due to geopolitical risks..
Krg announced already that Schools will reopen 2/5. Coronavirus virus has been well controlled there.
The new opec++ agreement will result in total oil supplies of 19 mb a day and not 9.7 mb .
Oil price will rise substantially as a result and remains stable and on the up towards $40-50 Brent

GKP will rerate in big way passing the £1 easily racing towards 134 p..
I am very positive from here.
Just imv and not recommending any advice.
As always dyor
GL all holders here

“if the cuts aren't big enough then goodnight shale - its a win win“

PRECISELY....
And if anyone thinks that DT didn’t know how much cuts are needed to move the oil price up in big margins to save shale industries from complete destruction..
then you better to put your money in the post office...
I wouldn’t be surprised to see WTI $30 + and Brent $40+

10-15% SP Rise on Tuesday!
As a minimum...
Just imo

USA is cutting too!
https://nation.com.pk/12-Apr-2020/us-announces-to-cut-oil-production-by-4mln-barrels-daily-in-next-3-months-as-opec-meeting-scheduled-later-on-sunday

Amena Bakr
@Amena__Bakr
“ · 54m ago
Using current production levels, almost 19 M will be taken out as of 1st May- sources #OOTT”

I think it will be very positive as the total cuts will be significantly higher than 9.7mb when you take the agreed calculation of many opec members from Oct 2018 then add to this other G20 members who pledged cuts too....as in everyone interest is the higher oil price...
The agreement is very supportive in short and medium term to stabilise oil prices to $40+
Just imo..