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I called a 102p finish yesterday and I'm calling that wee end the the week at 99p.
And 95p next week only my predictions but called them right .
134p before Xmas to 102p shows me the pipeline ain't opening for months and months or maybe another year.
Shorts are still open and making a tidy profit .
2nd day it's finished on its low !!
Gkp has a habit of doing that after an update.
Expected another few more low day finishes yet before any reversal.
I'm lowering my forecast to 94p next week now?
Will gkp see 80s before the pipeline opens ABSOLUTELY it will.
6 weeks to decide on biscuits!!
I think in reality look at 6 months to another year before it opens .
Iraq can play the long game indefinitely as they will have to cut their quota when Kurdistan ever comes back online .
90s incoming today or tomorrow only a 5% drop to achieve that . I did tell you all but got shot down on a no brainer prediction
Not that great accually production locally is shocking considering everyone else has ramped up !!
Expect a 10% drop today .
Until that pipeline opens gkp will fluctuate between 90p and 110p .
Going to be a painful day here I'm afraid.
Selling because there is an update tomorrow and we know what happens on a gkp update !!
10% gets wiped off whatever the news is.
I wouldn't be surprised to see 90s tomorrow or Thursday sorry infact I know it will be in 90s this week.
Update tomorrow!! So what do we expect local sales will be ??
Hopefully more than 21kbopd otherwise the market will hammer GKP . I will say 28kbopd and that won't be good enough.
I hope I'm wrong and i hope they are doing 40kbopd but just can't see it personally.
Who's selling today before the update??? Probably a good chance you will be able to buy back 10% less than today if you do.
AIMHO
The longer the delays better for iraq !! They will have to cut 400kbopd when the Kurds come online again .
Iraq starving kurdistan with the budget as they give them their monthly money's due .
Delay delay suits them.
Here comes the consistent red days now !!
That meeting come from nothing as per expected even the market new .
Anyone selling out before gkp next update could be a 10% to make on that day when it drops into the 90s.
They are probably discussing the biscuits for the Christmas meeting !!
Every month will be the same upto Xmas with nothing resolved.
Unless some serious bribery occurs then we might actually get some decision makers .
The whole ME is rottern to the core while the people struggle to survive.
The Oil and Gas Law remains a contentious issue in Iraq, with talks of preparing a new version amid indications of disagreements on its passage, given the differing opinions within the Coordination Framework.
Top rampers saying £100 a share £50 or even low ball £25 !!
As the old saying goes if it's to good to be true 99.999% of the time it is .
So gkp is based on them odds where investors think returns here will be 25 x .
In this reality that just not happen.
So let's get in the real world and we all know gkp will be sold for £3 max anymore is a brucey bonus
Also why is DNO hitting yearly lows week after week and Genel struggling to stay in the 70s !!
We know what will happen to Gkp after the next update don't we.
A 10% drop on the update even if its 40kbopd local sales then a constant drip down for another 5 or days.
If someone can tell my any different I'm listening.