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Or even 6 months the time they decide because they will another committee to decide !!
It's all delaying tactics by Iraq the squash kurdistan into oblivion.
Surely you all can see now. Nearly 10 months closed and no nearer to a resolution??
Red day anyone? Would you bet against it as that short has no intention of closing yet .
Going red as predicted and a few were saying a big rise after the weekends news !!
Do they ever learn ??
A few more days for Mr Market to mark it down before the next rubbish out kurdistan and iraq .
90s incoming
The Market doesn't believe a word of it !!
Trust know one on here history tells you that.
15 years and counting of tripe posted by rampers .
Who are wrong all the time.
Eventually gkp will get bought out but for £25 or even £5 .
Max sell out will be £3 at best
The market will decide later if this talk has any substance!!
I will probably bet another red day and 90s this week before any rise near the 130s .
Remember the market doesn't believe what comes out of Iraq and kurdistan because they are all thieves and liars full of broken promises. Good luck though
$20 a barrel is that all GKP get for all their production .
So at 40kbopd nett to gkp that's only $300m a year.
Capex at say $200m per annum that leaves around $100m in FCF .
Is it really worth all that risk for a poxy 100m a year ??
And iraq get $60 a barrel for zero risk why would anyone invest 1p into them crap terms .
Can someone tell me any difference because it's intriguing to know what this deal is exactly??
Iraq can afford to lose $1b a month if it ruins kurdistan collapse kurdistan economy.
As for iraq loding $1m on penalties to Turkey that is nothing because Turkey owe $1.5b to iraq .
So effectively iraq can have the pipeline closed for 4 and half years and it's quits on them debts.
So are we looking at 5 years of pipeline closer ??
Nothing would surprise me as OPEC need iraq cuts and kurdistan is the their perfect solution for them not to cut.
So iraq has to cut another 300kbopd o dear !!
All they need to do is keep that pipeline closed as long as possible now so that it keeps their productivity at required levels for OPEC.
More meetings more delays. Just keep kicking that can down the road as long as possible.
I'm afraid the pipeline won't even open this year now.
Local sales is the bread line for survival for all IOCs now
And there you have it in black and white iraq will not pay back payments owed!!
And why should they when the Krg stole it all. Common sense tells you the pipeline will never open now because this issue will get resolved.
Local sales need to double ASAP ??
The 14 red day trend ends with a 0.50% rise today !!
Normal service will resume tomorrow that's a given. Let's go for 15 red days now because all these meeting will come to nothing .
Just form another committee so they can form another committee.
The merry go around is laughable now.
14 red days tomorrow anyone ??
The drip down is like a death spiral and a slow death by a thousand cuts !!
All this supposedly good news is tottaly muted by the Market.
They definitely don't believe anything that comes out of iraq and Kurdistan.
I hope no one is topping up because 90s incoming next week or maybe this ??
Market doesn't believe an agreement will be reaches nor do I!!
Even DNO update couldn't push them up.
13 red days and one level day shocking performance going here
Iraq produced 4.35 million bpd of oil in December: S&P Global
While OPEC+ has stated that it is trying to overcome a weak market outlook, new production cuts implemented at the start of the new year may result in a tightening of the organization's supplies.
They definitely won't need another another 450kbopd added to that .
Their cuts from OPEC is kurdistan oil .
That's why the pipeline will never open now because iraq would have to cut their own supply.
Forger about agreements being reached as it's delaying tactics but trying to keep face so it looks like things will be resolved but in reality they have no intention of it ever happening.
Let's hope local sales have doubled recently??
Another red day anyone ??
After 11 red days on the spin we end up today 0.01% lol .
At least the cycle has been be broken .
Back to red Monday ??
Only another Three thousand meetings to decide on the next five thousand meetings 😴.
What a farce this has become now.