Member Info for hasiba

So if what are saying is true then explain to us why the SP dropped from £3 to 150 before the op crashed?
I am waiting!

Tartine....
No change of rhetoric but facing reality!
The geopolitics has changed dramatically and that is why where we are now...
I follow the news there....krg receives $700m per month from oil export and neither the kurdish people or the oil companies see this on regular basis. Few days ago in their own parliament a prominent MP raised the same question but was heckled down by KDP...money is being taken and disappear!!
Add to all this there was a recent bigger rift between the kurdish MPs and Sunnis MPs boycotting the voting for a new proposed PM as the current government is dysfunctional..no PM..
The central government is pointing the finger at KRG accusing them of smuggling oils and getting all proceeds themselves without giving a fair share of it to central government...
There is no hint of friendly relationship between the two at present and the situation in Iraq is very unstable too. Genl sp reflects all this and so is the gkp sp...
So it is not a change of rhetoric as you described but the whole geopolitical dynamics there got much worse than previously. As an investor I need to take notice of all this and make up my mind after what G update on 16/3...
I am here because I believe in G as a solid company but shackled and not sure now when this is going to be released.......
everyone to his own strategy of investment
will see and GL any way

Not rushing to sell ....but wants more clarity on 16/3 then decide what to do next.
G and gkp have shackles on them by geopolitical dynamics there and no hope of an end to it..
Both companies are investors dream but they are both bogged down by corrupt outside sources..
Let’s see on 16/3 and the fates of dividends and krg overdue payments..

Yes bunks.....or even another sector as I am looking into what China needs for its coming huge demands in the second Quarter....?mining. At present I am loaded mainly with Hydrogen companies and other many oilers ( bulk in Hur)..
Sold gkp recently before the big drop but kept all G..

Agree..many uncertainities with G...I never liked where it is located either but will wait and see on 16/3....as I am frustrated like you but my main issue is the uncertainty of a few important matters that have been highlighted here...
Also current Volatility in oil price is blurring my decision to continue or cut and run at present too...,16/3 is an important date for me to make that decision.

Bunks...step at a time..
Oil price dropped over 25% yesterday and risen today by 8%, so G rise today in its percentage is comparable with sp drop to oil drop yesterday...
Agree still frustration there for G has many uncertainties but solid fundamentals. We will hear more clarity on 16/3..

Well..the giant took its time to wake up this morning....cool!

Yes I understand this well Boyo but surely an indirect mechanism or selling their oils inland rather than exporting it and they can compete within to their country needs rather before exporting it outside the usa or banning further shale exploration for a period to stop flooding the markets and so on....to put at least a cap on their increasing productivity. Some of these thoughts are perhaps against the competitive laws and regulations there but the usa National interests and financial security at stake here.
Must be something can be done by the usa to stop this and future oil market imbalance..

Why are here if you are not one of the investors in Genl.??
You perhaps need some help matey to come into terms with your financial loss....I mean it and is for your own good.
If daily fluctuations in SP is your investment strategy then risky investment in stocks will never be your cup of tea..
Now please give it a rest...

Agreement among oil producers(opec+Russia and shale) seems in the planning soon.
https://m.investing.com/news/commodities-news/oil-prices-rise-4-after-biggest-oneday-fall-since-1991-2105539

Reasons?
Something in the background is brewing...

And more Bog rolls !
0800-16:30 hrs ,I will be very busy in our garden shed ,so please leave a message after hours..Thank you!

https://www.google.co.uk/amp/s/www.wsj.com/amp/articles/u-s-shale-drillers-could-be-casualties-of-oil-price-war-11583769768

At yahoo finance
https://finance.yahoo.com/screener/predefined/ms_energy?offset=0&count=100

Hi H
On investing.com

https://www.investing.com/

Go to energy sector and see the massacre of shale companies!

Just looked at shale companies share prices....they are down mostly by 37-52% ...ouch!

So the main serious issues with oil market are...
No plans of what will happen next
Uncertainty of a solution in this big players game of brinkmanship
Big collateral damage to shale is certain now but you cannot kill off shale completely
SA can produce max just below 12 m b and Russia cannot do more than extra 200 k barrel
UAE,Kuwait,Iraq and others cannot add more than a few hundreds of thousands either
So with this very low oil price and shale 13+ m barrel a day ,it will be most affected financially and banks will not lend them more at their current state with a very low op. Many shale will have to shut down and agreement must be found soon as the ripple effects to the financial institutions are huge and catastrophic to world economic recovery with the current Coronavirus added disaster. Recession ,crashed usa stock market and weakening of bank lenders and financial institutions in the usa are the last things Trump wants to face in his year of presidential elections.
Solution must be found to satisfy all which results in much higher oil price than now . This must happen soon before its too late...
Just imv....

https://oilprice.com/Energy/Energy-General/Saudi-Arabias-Archenemy-Is-Taking-Advantage-Of-The-Oil-War.html

Bunks....if we agree that we have seen this turmoil in the markets over the last many decades and all had recovered well and built more profits then logically we don’t need to bother about this one either...it is a repeat ...that is all.
Tomorrow another day full of sun....me half cup full!!

Enjoy the video from Mr Arthur Brown...
https://www.youtube.com/watch?v=en1uwIzI3SE
Just hilarious describing today’s market!