Member Info for Invstrat

Darnit - here we are again ….. falling like a lead zeppelin :(

Buybacks never ever give a tangible return to shareholders in any shape or form (unless you are on the BoD and get a fistfull of shares allocated to you «from treasury» as a sneakyway of self awarding yourselves for stellar performance - as I predict will happen again quite soon).

What realistically are the chances that Labour will now go after Rolls-Royce and/or BP - having swiped at the poor pensjoners as his opening salvo?

He seems serious about taking back the railways to get them under full union control.

Use Caggins to arbitrate in the satisfactory divi-up of an acceptable % of the export oil sales among Ankara-Erbil and Baghdad leaders, and valves will magically open.

Two more snouts to gorge on the flood of treasury buybacks coming soon .

This is a tiny company with soon more in the boardroom than out in the field ……

Needs Kamala to lay down the law and apply a bit of force majeur if necessary to get corruption under control, Turkey to pay its fine, our back payments (+ interest) sorted out, illegal sale of oil to embargoed Nations banned…. and maybe, just maybe things will happen around here.

Don’t forget (and I’m sure you have enlightened your GKP colleagues) that compounding interest is due on these outstanding amounts also ;)

Millions thrown away in useless buyback schemes, stagnated SP, no dividends, inability (or fear) to take debtors to court……

But, not to worry - the next round of buybacks will go for safe keeping «in treasury» …..and we all know who they will awarded to from there.

Of course our BoD deserve them for delivery of stellar performances :)

We know that it won’t matter a hoot what the US Senate or IOCs or NATO or Putin or whoever ….. postulate about the pipeline opening.

It will come down to the simple rules of corruption- which determine all in this region - via simple brown envelopes among the ruling juntas at both ends of the pipeline.

The sky over Erbil will be black with the private jets and choppers of the delegates.

They will have a common agenda:

Each buck saved on rewarding us mugs will add to the pot available to divvy up among themselves.

Now we can relax - no reason sp should have another quantum collapse (is there ?).

Shame our board wasted all that ready cash on defaulting to buybacks when it should have gone on eroding our humongous debt a bit - innit ?

Don’t suppose the poor population in Kurdistan ever saw a dirham of our contribution of that ‘free oil’.

All blown on new private jets or bejeweld toilet seats for the tribal heads palaces.

Surely a day of reckoning will someday dawn ?

As we all realise - Oil Co SPs are strongly correlated to OP of course (as that is their main commodity).

It will bounce back up when Putin , or some other naturlig tragedy, befalls our little World.

Even superbly managed SHELL has dipped in proportion.

Buybacks never give a timely or measurable return (if ever!).

The BoD are in a tizzy - so Bb’s are the traditional last resort. «Returning value to our share holders « as if !

Better to use our valuable funds to remove 1/2 of our debt - than throwing away $14 billion on yet another attempt prove that The World is flat.

That would cause an immediately surge in our SP.

TK will be OK.

He has a few $s tucked away surely (and some seriously wealthy old mates in the East who maybe ‘owe him’).

Clowns running the country they may well be - but exceedingly wealthy clowns (at the expense of the Iraq population and us trying to do honest business).

Indeed, buybacks are a BoD’s last resort triumph (as usual).

Maybe better to pay down some of our horrendous debt - to help make us a more attractive fire sale candidate.

If they back off from buying us outright due to the depth of our debt and lack of direction…..Could we ask SHELL to rent us some of their superb Management to give our incumbents a clue as to what they should be doing to run an energy company profitably ?

Great summary there belg., but may I add that a sizeable slice of green cheese can be expected when those in power Baghdad view how well their opposites in Erbil have profited personally and so magnificently ?

Buybacks are symptomatic of a Board who are out of their depth and don’t understand the company and/or the industry they have miraculously risen to the top in.

Bb’s are their fallback - to be seen to be doing something (to justify their bonuses and awards stream continuing).

The Board are already collecting superstar salaries for dull and uninspiring performances.

ALL bonuses and awards should be earned against achieving strict KPI’s (which have been approved by the shareholders).

They must be living in fantasy worlds and laughing all the way to the bank.