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.
I said I was going to buy back at 116p but after the weekend news that kurdistan is in economy collapse I decided to wait for 90s because that's exactly where it is going my old chestnut.
Another red today incoming. G kp never fails will consist red days . How many now 10 ??
How many red days now ?? The drop is relentless.
Shorts always win I guess because the pipeline ain't going to even this year let alone in a few week or months .
Let's hope the local sales are in increasing dramatically after the last abysmal update.
90s incoming for sure.
My sell at 126p got slated before Xmas and I said gkp always delivers.
Still holding of . Let's see where this goes?
Yes Iraq is getting its wish to to collapse Kurdistan!!
But we all new this anyway . IOCs will never get beck payments front iraq that's a given and always has been.
What now for Kurdistan go back to the original plan and become independent??
Thet can't carry on like this anymore surely.
Local sales indefinitely and all IOCs can do is survive until a new route to market has been sorted .
What a mess but I'm not surprised as history tells us exactly what to expect from these idiots .
Shorts will pile in now on this news
The drop is relentless now !!
All this rubbish pipeline opening in 2 weeks is pie in the sky.
We might even see 90s in a few weeks ??
Shorts are the only winners here now.
What's the odds on the pipeline not opening till 2025 ??
During this 108-month period, salaried employees received full salaries for only 49 months. There were deductions in pay for 44 months, and salaries went completely unpaid for 15 months. The total outstanding salary debt owed by the Kurdistan Regional Government is approximately 21 trillion 584 billion dinars.
Where are the IOCs in the peaking order for back payments??
KRG are just pure thieves!!
Sounds like more meetings to me !!
At the end of the day iraq is happy kurdistan isn't producing or making any money .
Even an idiot can see that. I can see another 6 months and nothing happening .
It's getting to the point now just sell up and move on now??
Onwards and downwards today as all I can see is drip down to 110s.
I didn't short GKP .
I just sold a few for a quick trade.
Let's see of I can buy them buy cheaper after Xmas??
GKP never let's me down on a trade as at some point you will buy back cheaper. If not so be it and I will sell some more nearer 150p.