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Depressing......
GKP up 5 and Genel down 3.6 with DNO results tomorrow.
Simply unbelieveable.....
Obviously not Kurdistan specific, so perhaps something Company specific related to DNO (and by association genel) which we don't know about..... yet!
Roll on tomorrow and next week.
Something seriously wrong here.
Jack
It is without doubt that the ongoing political wranglins between Kurdistan & the ICG are holding this back.
I would imagine that the 'risk preium' has increased commensurately, hence the modest SP given our assets and FCF.
Watch, wait and hope for a satisfactory outcome.
ATB
Jack
Afternoon Boyo,
I think your right on the money with your 14.49 post.
I was only thinking y/day that they've got around 10 years of FCF and then resources depleted and that is why SP is where it is.
They really need something else for sure and at current production I don't see this going over 250 any time soon.
Best wishes and thanks again for you analysis and views - much appreciated.
At the begining of the year, I seem to recall that DNO were going to undertake some 20 drills on Twake and Genel were going to be drilling TT.
We rae now half way through this year and still await any delivery on all of these drills.
Could someone enlighten me please?
Thanks
Jack
Hi Boyo,
Firstly thanks for all of your analysis on this stock over the months. - It has been extraordinarily interesting and helpful, particularly the strong and undeniable correlation between OP and G.
Looking at the 3 trend lines on your most recent charts, (wed 19.44 post) you will note (as I think you have already done that everytime there has been a "breakout" from each of your downtrends, price action has ensured a '"re-test" of the breakout, or "kissing" the breakout line as you prefer to put it.
The difference between out analysis is that you take all extremes to draw your lines, where as I take "Closing" price.
On my closing prices, yesterdays action was indeed a "re-test" of the "breakout"
Let's see what happens today.
Best regards,
Jack
Occurs where first daily candle "breaks out" of downtrend line, (yesterday) and 2nd or third daily candle thereafter falls back to "test" the downtrend again to make sure it's a 'solid' breakout.
If the next candle thereafter the above goes up, then "Breakout" from downtrend is confirmed.
If the next candle thereafter above goes down (and finishes under downtrend line, then "Breakout" fails, known as a "Fakeout"
Hope that helps.
Jack
Morning all,
I think this mornings fall filled a small gap on 5min chart and was also simultaneously performed a 'backtest on downtrend alluded to by Boyach.
I'm fully loaded now awaiting rise in OP and news on TT drill.
Best wishes all.
Jack'
With all the great figures and expectations, why oh why is this not pushing 230p?
The only 2 plausible reasons I can think of are:
1. US evacuating employees from Iraq & the Erbil consulate due to potential Iranian militia attacks
2. The ICG are taking Turkey to Court for not seeking pemission to build the pipeline which takes Kurdy (Genel Oil) Oil into Turkey,
Both issues highlighted on GKP board by CCC in the last few days.
Any views welcome
Best wishes
Jack
Open to any views
Both GKP & Genel 'briken out of downtrend on 1-Hr charts at close.
Either a 'breakout' or 'fakeout' but if the former, (to be confirmed tomorrow where Genel has to close above 164) this is a portent for a 'breakout on the Daily at 194p.
Jack