Member Info for JohnLewis79

$74.54 off a few cents.

Looking to pass 300 today as the mrkt has now had time for reflection on yesterdays nos. Even with an overpriced IPO of £10 which might have been more fairly priced at £6-7 we are still way off those nos and imo our prospects have never looked better. Two to three years down the line you might be kicking yourself you didn't buy/add here. I can't say too much (know wot I mean?) but I've added from 220 after some back at 125ish. As o...lies go G & Gkp must be the new kids on the block for investors to consider.

Is the sword of Damocles hanging over the world economy because US sanctions v Iran threaten a finely balanced oil markt cutting spare capacity to dangerously low levels? Analysts warn US moves will halve Iran oil exports by Nov squeezing global supply by up to 1.5m barrels a day. This is a thinner margin of safety than during the two great oil shocks of '79 & '08, with the potential to trigger an explosive spike past previous record high prices ($120+). As the 4 year global glut has been cleared, Venezuela output in freefall, a pipeline crunch had checked growth of US shale and expo investment slashed last 3 years some seriously nasty chickens are coming home to roost. Add into this volatile mix Iran might well start a nuclear arms race in the ME setting off region wide conflicts. To date there have been over 20 missile strikes against Saudi targets by Houthi rebels in Yemen posing a serious threat to tankers using the Bab-el Mandeb Strait. Of course the elephant in the room is China who buy c.25% of Iran oil and are in no mood to buckle under US pressure. How they decide to move given many Chinese firms deal with US counterparts is a finely balanced tightrope act. One Beijing official said no Chinese firm wants to lose the US market. Japan & S.Korea are falling into line behind Uncle Sam and Indian refiners are cutting back on Iranian crude. This leaves the Saudis to make up a potential 2m bpd shortfall. Many close to the action say they cannot. For now the world oil mrkt is well supplied and the oil price is discounting future shocks. I wouldn't bet on it. Not a time to be out of oil stocks.

Morning H I expect another "mother" of updates at Q3 sometime mid Oct. By then i'd be gobsmacked if we are not well over 300.

US stocks had another good session the Nsdq continued its climb (6th day in a row) into record territory (7884) on news that Musk intends to take Tesla private at $420 a share, the stock jumped 11% to ($379)/ shares suspended. If successful this would be the largest management buy out in history by some way at $72bn. Financing this deal is another matter for a Co that makes no annual profits. Ways to go on this one. The S&P added 8 just off record high and 4th up close in a row. After an early rise of 120 the Dow traded flat throughout the afternoon putting on 127 by close. Vix the fear gauge (bullish/bearish bets on the S&P) is near lowest levels (10.97) for 2018. Vix tends falls when stocks rise. Q2 results cont to underpin the mrkt as c.80% of companies reporting have beaten forecasts with earnings growth of 24% and revenues up by 10%. This has taken trade war rhetoric off the front pages despite The Peoples Daily in China saying we will not give in to 'trade blackmail' Discounting any future wobbles on that front US analysts are at one in saying "the bull has some way to go." It's a mixed picture in Asia, TK up on financials, HK up on techs & energy and Shanghai off 18 on Trump imposing 25% tariffs on some $16bn in Chinese imports later this month. China exports grew by 2.3t yuan and most commentators expect trade tensions to ratchet up. Apparently talks cont between the opposing parties. Earlier in the day London was mostly in the blue the ftse adding 55 (3rd day in row) and just shy of record close aided by US & Asia gains, commodities and a better oil price pushing up shares in RTinto, BHP, BP & Shell. Standard Life gained on news of a £1.75bn share buy back which cemented the all round bullish sentiment. Brexit (60% chance of crashing out) and trade wars were ignored momentarilly. The nos: Oil$74.67, Gold $1224, £$ 1.2951 & Bcon $6579 & G, well enuff said! Morning all.

Trump cracks the whip telling Cos who do business with Iran will face sanctions on their US businesses. Unrest in Iran is about to get much worse as he withdraws from the Iran nuclear deal. Regime change though not talked about could be achieved surrepticiously. Europe have urged companies (Daimler / Airbus etc) to cont to trade with Iran, that looks foolhardy. Upsetting Uncle Sam could be very costly and can the present nuclear deal stand without America's consent? Will companies like Airbus chance US sanctions and how will Iran sell its oil without Western Banks processing currencies etc...So far the oil price is unmoved by events which surprises me no end.

SpudGun, I was alluding more to the loss of our monthly cheque which lets face it we all looked forward to. For sure we'll get drilling updates as these are material to the sp....or bloody well should be nevertheless we'll be out 10 updates / news flow for the next year.

Ocelot I thought that way for ages but though not 100% sold on the idea I'm def leaning towards a merger of near equals. I doubt a 3 way with DNO is a possibility, too many hierarchal challenges there! Given these things take forever i suppose we'll soldier on though i'm worried about the time factor in realising the intrinsic value of G which has lagged for about the last 5 years. The major holders must be satisfied with present managements performance and that's all that matters. Evenin' all.

Ouch! Well not far off my 295 close but well pleased with todays perfomance and i did no peeking snapdog. Its not everday we get a 25 rise so lets be thankful. Next challenge is to hold on to those gains though there's bound to be a bit of give'n take as the news flow will pretty much dry up until towards y/e. I think some sort of reorganisation of Kurd o...lies is long overdue even given our excellent performance and being debt free at year end. Combining Gkp (on the road to recovery/ also debt free?) and G would be a good fit for both sets of holders. Lem might do the figs as he holds Gkp to see if any sort of tie up makes sense outside of rationalisation and streamlining the works and what might be the % held by both Cos in the enlarged group. I don't think our tie up with DNO would be a stumbling block. Of course an outright bid for G at a sensible price would be everyone's preference but nobody wanted us sub 100 so why 800? Shaikan plus Pesh plus BB & Miran would make an O&G Co to be reckoned with. Heh even the name would be easy...Genel Keystone oil Co has a nice ring to it. Currently the combined mrk cap is £1.43bn. I think on this occasion the sum of the parts would boost shareholder returns. They must have run the slide rule over the nos many times before and nothing has happened, so perhaps the hand of the KRG needs massaging to give the green light? Lets face it its taken 3 years for G's sp to retrace to 300 so the next leg to 500 could take as long if not longer given we don't know what will happen to the OP 3 years down the road or what the geo political outlook will be. I'd rather face the next 3-5 years as Genel Keystone than battling an uncertain outlook on our own.

Right!!!!...I'm not gonna look at the sp till close of play.

'Fraid so bobbl....it closed months ago.

Inevitable 'roundophobia' as G fails to consolidate. Nevertheless its an impressive performance as I can only remember one day we had a 40+ rise and that was intraday. I'd be more than happy to hold 295 at close that would put us at 319 on the All Share mrkt cap list.

Thought today might be a good day to remind those who entered our above comp. JL 350 Bunks 378 Without 401 S/dog 412 Tartine 480 Mark88man 525 Hydrogen 550 Bobbyshaft 572 Ocelot 600 Lem 666 H 729

Bingo...300. Last time we were here? Go back to Nov 2015 an inter day 300 and closed the year out at 170 (0il $36). Boy am I glad to see the back of those days!

Along with the other impressive nos G uses its workforce to give outstanding revenues per employee. Last year it was c.$1.67m, i've estimated this year at a conservative $2.5m with a 10% increase in staff numbers (inc management).

In top 10 on leader board atm.

Thanx..

That's better 283...

Still in the doldrums investors suffering from heat exhaustion and the 'summer blues.' Shame as I could see no material negatives in the Half Year report. Im not sure that not reporting our monthly cash cheque is a 'forward' move..I'm sure most investors would agree. And whats more 'For Why?' At least we are spared no nasty surprises on a month on month accounting. Oh well mus'nt quibble at least were heading the right way even if we have to drag the doubting mrkt along behind us.

Absolutely. Gas is on the back burner for now, Pesh being seen as our big earner going into '19. Sooner or later....methinks sooner gas development will start. Consider were hardly valued at reasonable oil assets/profits etc.. So the gas nos....Well just nos atm. But better to have them in your back pocket should someone come sniffing round.