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Mulder
Posts: 5,869
Price: 116.50
No Opinion
RE: IraqToday 13:05
"TSSZ you have been proven to be right again. Are you on the ground there so to speak?"
Hi Mulder. This TSSZ chap always pop up a day or two before something is brewing. He's a legend from time ago. Let's see if he pops up again. He seems to smell the coffee at close quarters.
The dynamics outlined in your last post Belgrano, suggest a complex interplay of factors that could significantly impact the crude oil market. The closure of many crude oil shorts signals a potential shift towards bullish sentiment, fueled by various geopolitical and economic catalysts. From potential agreements with Baghdad to rising crude oil prices due to global conflicts, and the intricate balance of regional politics, the situation appears poised for multiple potential positive triggers.
The delicate balance involving the USA soldiers' drone attacks, Turkey's essential role in crude pipeline flows, and the increasing financial losses for Iraq underscore the urgency of resolving the impasse. The domino effect, from delays in shipping to heightened geopolitical tensions, amplifies the stakes for Iraq's crude revenue. The pressure from both international oil companies (IOCs) and Kurdistan, coupled with the need to supply local markets, adds another layer of complexity.
The juxtaposition of a low share price, significant shorts in play, and shareholder expectations creates a scenario where the market could witness a substantial rebound once a positive resolution emerges. The Iranian factor further complicates the political landscape, creating a sense of urgency among politicians to align with Iraqi interests.
Overall, the intricate web of geopolitical, economic, and market factors highlighted in the commentary suggests that any positive development, such as a resolution with Baghdad or a spike in crude oil prices, could trigger a synchronized rise in multiple directions. Investors are likely watching these multifaceted developments closely, navigating a landscape where various elements must align for a positive outcome.
Belgrano,
The ongoing negotiations between the Kurdistan Regional Government (KRG) and federal Iraqi authorities present a fascinating development in the protracted dispute over oil exports. The proposed fixed reimbursement of $20.60/b for all crude oil from the semi-autonomous region reflects an attempt to find common ground. However, industry insiders express valid concerns about the rigidity of a fixed fee, emphasizing its potential shortcomings in adapting to the ever-changing dynamics of the oil market.
The KRG's insistence on revising the reimbursement fee from the current $6/b allocated by the Iraqi budget adds depth to the discussions. Their argument, citing production costs in other fields such as Qayarra where Iraq reportedly pays $30/b, introduces a critical dimension to the negotiations. This demand for a higher fee underscores the economic intricacies involved and highlights the disparity between regional and national perspectives.
The broader context reveals that these negotiations extend beyond mere financial transactions. They are pivotal to the resumption of full oil production in Iraq's Kurdistan Region, with implications for the region's economic stability and the interests of international stakeholders. The acknowledgment from Baghdad about the need to address production cost differentials between Kurdistan and southern Iraq adds a layer of complexity, hinting at the broader economic challenges the region faces.
As the talks progress, the outcome will undoubtedly shape the future of oil production and exports in the Kurdistan Region, influencing not only the regional economy but also the relationships between the KRG, federal Iraqi authorities, and the international oil community. The nuances of these discussions emphasize the intricate dance between economic interests, geopolitical considerations, and the intricate web of agreements that underpin the oil industry in this crucial region.
ST
Https://www.google.com/amp/s/www.thenationalnews.com/mena/iraq/2023/12/24/iraq-turkey-tigris-euphrates-water/%3foutputType=amp
Several individuals here have underscored the pivotal role of water as a focal point of contention between Iraq and Turkey. It was anticipated that Erdogan would visit Baghdad in December. Presumably, upon reaching a negotiated agreement, a resolution to the pipeline matter should be forthcoming. Optimistically awaiting developments.
It must hurt being out of it now. Day trading isn't for everyone, I guess.
Woah...Signs of life on my microscope stage plate.
Belgrano, someone might have called the guy from Victoria Plumbing to sort out the pipeline issue as the Iraqis didn't seem to have a clue. Fingers crossed.
This operational and corporate update outlines a comprehensive strategy aimed at ensuring financial resilience and operational flexibility. The company demonstrates a commitment to preserving liquidity through measures such as maximizing local sales, stringent cost control, and active management of accounts payable. The fluctuation in sales volumes is acknowledged, attributed to increased competition in the region and seasonal effects on crude demand.
Financially, GKP exhibits strength with a healthy cash balance of $85 million, no debt, and the ability to cover estimated monthly costs comfortably. The company's emphasis on maintaining a monthly capex and cost run rate aligns with their prudent approach to financial management.
The update underscores optimism regarding the potential restart of pipeline exports, citing ongoing negotiations between the Kurdistan Regional Government and the Government of Iraq. Despite uncertainties in local market demand, GKP remains proactive in pursuing opportunities to increase sales.
Additionally, the board's commitment to diversity targets and the ongoing non-executive director search reflect a balanced approach to governance. The pace of this process is controlled to align with the company's current priorities of cost reduction and liquidity preservation.
In summary, Gulf Keystone Petroleum's analysis suggests a resilient and adaptable stance in navigating industry challenges, with a focus on financial stability, operational efficiency, and governance considerations.
That's all for now.
ST
Armasmaximilian,
Your paragraph has a few grammatical issues. Here's a revised version:
"He appears inebriated or hallucinatory, resulting in verbose spewing of diarrhea. The fecal stench emanates from his most probably overused and worn keyboard, due to the excrement he is incapable of holding in."
Putup,
Your feeble rejoinder lacks merit for a substantive response.
Nevertheless, in consideration of your intellectual frailty, I extend a scholarly grade of "F" for your deficiency in cognitive prowess.
I hold minimal regard for your contributions, and henceforth, I shall refrain from engaging with any further expressions you may proffer on this platform. Essentially relegating your insignificance to a microscopic realm alongside bacteria and germs in my mental space.
If the observed phenomenon does not epitomize unadulterated strategic manipulation, discerning an alternative characterization becomes an arduous task. The orchestrated divestment of shares, valuing a mere couple of thousand pounds, engenders a marginal 1% diminution in stock price, a seemingly disproportionate repercussion for an enterprise commanding a valuation exceeding 200 million pounds. This circumstance ostensibly underscores a calculated exploitation of retail investors, portraying them as unwitting participants in a theatrical performance. What a joke.
JAB,
What the original article says In simple terms, is that the Supreme Federal Court has declared that certain instructions issued by the previous government led by Mustafa al-Kadhimi during the caretaker period are invalid. The court found that these instructions violated the Constitution and internal regulations, altering the structure of the General Secretariat of the Council of Ministers in a way that exceeded the Prime Minister's powers during the caretaker period. The decision emphasized that such actions during the caretaker government can create financial burdens for the incoming government and negatively impact administrative efficiency. The court ruled in favor of adopting previous instructions from 2017 instead.
Armasmaximilian,
Your response exhibits a limited degree of intellectual engagement, necessitating a more concerted effort on your part. Regrettably, I can only assign a grade of "E" to your endeavor.
ST
Armasmaximilian,
I think you mean "you", not "we".
You need to own shares to be included in the "we".
ST
Discussions pertaining to political and economic affairs within governmental spheres, as exemplified by the ongoing discourse between the governments of Iraq and Kurdistan, typically exclude the involvement of private entities like those embodied by Apikur. Contemplating a comparable scenario on foreign terrain, such as within a member state of the European Union or the United Kingdom, raises questions.
The proposition that Iraq and Kurdistan ought to entertain the presence of representatives from foreign corporations in ministerial deliberations appears, to my discernment, somewhat credulous and perhaps even imbued with a touch of colonialist inclination. The revelation of Apikur's stance is anticipated to transpire upon the conclusion of these discussions, given their presumably well-informed comprehension of the company's position.
In this context, the viable options seem limited to either retaining or divesting one's shares, as any additional discourse seems unlikely to exert influence upon the eventual outcome.
Good morning, Andy.
The article is interesting as it delves into the intricate interplay among Saudi Arabia, China, and the United States, with a particular focus on the recent $7 billion currency swap arrangement between Saudi Arabia and China. The narrative posits that this move could signify a prelude to an economic maneuver by the U.S., drawing parallels to the 2014/15 oil crisis that targeted Russia.
The writer presents the strategic calculus of China, utilizing its U.S. Treasuries and dollar reserves to extend loans to pivotal emerging market partners, thereby stabilizing yuan/USD exchange rates. This, as argued, aligns with China's overarching objective of gradually supplanting dollars with yuan in the global economic landscape.
Surely delving into historical context, it parallels Russia's resilience during the 2014/15 oil crisis, facilitated by a swap line with China, and contemplates a potentially analogous scenario for Saudi Arabia. The economic intricacies of Saudi Arabia come to the forefront, emphasizing budgetary challenges despite low oil extraction costs, and proposing a remedy in the form of breaking the peg of the riyal to the dollar.
At its core, the analysis posits that Saudi Arabia may be gearing up for an impending oil price offensive, seen as retribution for its divergence from U.S. foreign policy norms. The narrative anticipates a realignment of alliances, envisioning Saudi Arabia forging closer ties with Russia and China.
In what I see, the analysis navigates through economic strategies, geopolitical intricacies, and potential future trajectories with finesse, offering an intellectually rigorous perspective on the evolving dynamics in the Middle East and the global financial sphere.
I perceive China and Russia not as inherently corrupt entities, but rather as strategic actors navigating a geopolitically divided world, where the West asserts its righteousness. The expansion of NATO into Ukraine and the ongoing Palestinian situation, orchestrated by American and European powers, has set the stage for the current complexities. The dynamics of power are now unfolding, with energy emerging as a contemporary weapon. In response, Russia and China are securing leverage, and the growing influence of BRICS nations signals a collective effort to counterbalance opposing forces.
It is essential to recognize the involvement of the Iraqi, Kurdish, and Turkish governments in these geopolitical maneuvers. While corruption may exist, it should not be the sole lens through which we interpret their motivations.
Faced with these monumental shifts, we find ourselves in a state of powerlessness. The expressed hope lies in a pragmatic resolution, where fair negotiations dictate our fate amidst these tectonic geopolitical transformations.
Atb
St