Member Info for Jim800

At least the shorts are managing to reduce holdings! Silver lining for some folk.

Ponzi - you’re confusing 2 things.

One was the Iraqi Supreme Court ruling that IOC contracts in KRG were legal and valid.

The second was Iraq complaining that KRG exports via the pipeline were in breach of an old contract. For this Turkey was found guilty and fined $1.5bn - though there seems little clarity on whether they paid or still owe. In any event the Turks closed the pipeline following the ruling.

following that logic, if share drops to £5 on monday you’d be overjoyed at your “opportunities” - absolute ******!

lots of people have been given the opportunity to trade, it just wasn’t pis.

the iis got the heads up of placing price so could sell or short to make a profit - pis didn’t! now i’m sure you have perfect vision of where the share price is going in the future but the reality is most of us rely on rns updates, which in dec’s case have been too late for action.

we’re here because we bought into a share with a guaranteed percentage of fcf going as dividends- until rusty changed his mind.

now i’m sure eventually all will come good - but eventually keeps moving more years to the right.

turkey knows exactly what is going on. they also know they want to make up the $1.5bn fine they had to pay for “illegally” exporting krg oil via the pipeline.

who needs the pipeline more, iraq/ krg or turkey?

i’d imagine hard ****d negotiations over finance continue. turkey have then over a barrel and will take advantage.

You really need to check the meanings of Negativity and Reality in a dictionary. 😀

Whilst there perhaps you could look up the meanings of history and politics as well.

That might assist your knowledge - which appears to be missing in action.

Article is fair and well numerated. However, its thrust is that the maverick deal makes us better off - I’ve never doubted that.

Recent issue is that the discounted placing is not the best means of raising a fraction of the Maverick deal price (not to mention that Maverick deal is not yet guaranteed).

If they’d raised the money via debt (it was only an extra 10%) the deal would have been more profitable and SP wouldn’t have dropped.

People continually saying they’re glad SP has dropped do they can average down is absolute rubbish!

There’s the relevant paragraph.

“They’ve invested a lot. It was a risk they took and it must pay off. They [the companies] need assurances that their investment will not be down the drain,” Dizayee said. “Compensation is something that needs to be discussed.”””

There is no button to push. Iraq and KRG will have to persuade IOCs to up production with a clear route to both fair payment for oil exported and an agreement on monies owed.

No-one has found a link with any of this news. Reality check - the IOCs are not a charity and need to make up a shed load (technical term) of lost revenues and Capex.

Crude oil exports via the pipeline were actually stopped by Iraq’s intransigence to punish KRG.

They invoked a clause in the contract about direct Iraq sales only that had been ignored for decades.

They could have done all these negotiations whilst oil was flowing but KRG / Iraq politics, tribal loyalties, family ties and religion all far more important than the well being of the populations.

Still no news on IOCs actually getting any payments - might delay things!

US down to match the offer price.

UK will be down to £11.52 ish to match this afternoon.

Guess that’s where trading buys could start.

Volume is over 700k shares!

It’s normally mid teens.

Yep you guessed, pre market price is red.

Wayz,

Your post from Tuesday morning!

“Now 13.30, looking forward to tomorrow morning.”

You were obviously looking forward to a 10% drop! Inconsistency like that makes you look a little confused!

Is recovering a third of yesterday’s drop now defined as fireworks?

But the DEC board have just told the market they think the shares are only worth £11.52 so looks like we’ll sit there for a while until Maverick acquisition is complete.

Then upwards if forecasts were correct or downwards if all these new equity holders want to make quick sells.

Take the dividends and sit tight my option.

Not too terrible compared to yesterday’s close - really terrible compared with last week’s price!

Borderline theft when existing PIs are excluded and not given the chance to get cheaper shares.

Not even ENOG?? 😀😀

As he has repeatedly said, acquisitions whilst the price is low.

HH looks like it’s only going one way now with US and export demand so perhaps he thought this was last chance saloon.

Don’t forget he has almost 3% of the shares so he’s probably happy to suppress prices in the short term for longer term gain. He doesn’t need to sell!

If he can buy them back for less than he sells them at then all might be good - just not for a few years.

I’d go with the strategic sacrifice theory.

Be interesting if any financial journalists check and find he actually is a chartered accountant.

Not sure about accountants but for engineers chartered status is a pretty Micky mouse step, mainly writing an annual cheque to the institution.

“Personal reasons” would have been a far better reason 😀

Interesting. You’ve obviously given up on your entirely “fact” based fundamental analysis - as it wasn’t panning out and have now lurched to a tin foil hat wearing conspiracy theorist.

And you call others inconsistent!

From acquisition RNS:

Consideration is expected to be satisfied through the assumption of approximately $700 million of Maverick debt outstanding associated with its RBL, an ABS amortizing note and other outstanding credit, the issuance of approximately 21.2 million new U.S. dollar-denominated Diversified Ordinary Shares to the unitholders of Maverick valued at approximately $345 million at signing, and approximately $207 million in cash, with the mix of Ordinary Shares and cash subject to adjustment based on the outstanding amount of Maverick's RBL at Completion.

That values shares to be issued for acquisition at about $16.27. If these new issue ones are much less than that it’s going to screw up acquisition costs or cause it to fail.

Only a traders’ dream if you have the money - more of a long term holders’ nightmare if you’re still holding the shares.

Breakeven has just shifted another 12 months to the right.