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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
Morbox,
Yes, the article discusses Russia's increasing control over Iraq's Eridu oil field, the largest oil discovery in Iraq in the last two decades.
It does view that Russia aims to take complete control of the oil-rich area, aligning with China to limit Western influence in Iraq and strengthen ties with the Iran-Saudi axis. Lukoil's acquisition of Inpex's 40 percent stake in Block 10 allows Russia to dominate the entire region, reducing Western presence. The estimated reserves of 7-10 billion barrels in the Eridu field may actually be higher, according to Russian sources.
The geopolitical implications involve Moscow and Beijing countering Western hegemony in the Middle East. But is it all bad really? For us? I would imagine a takeover very likely now more than ever. As long as fair value is provided in the short term, I for one am happy with anything close to £5 per share.
ST
Dear Belgrano,
I appreciate your thoughtful contribution to the discourse. Your insights resonate with my own sentiments regarding the intricate dynamics between the Iraqi and Kurdish governments.
The prolonged period of anticipation, coupled with what appears to be strategic maneuvering by the Iraqi government vis-Ã -vis Erbil, indeed elicits frustration. It seems that the IoC may be caught in the crossfire of prevailing regional political machinations, with Baghdad aiming to assert its dominance.
In contemplating these geopolitical chess moves, it is intriguing to consider Turkey's substantial influence as a noteworthy factor. The impending visit of Erdogan to Iraq in December introduces an element of anticipation, suggesting the potential for significant developments and resolutions.
May fortune favor you in navigating these complexities, and may a prompt and equitable resolution be realized for all stakeholders.
Best regards,
ST
Geez, Belgrano, you sound like you are sold out? I don't think the share is going down much from here. I for one ain't selling a single share. This pipeline will open eventually you know.
Https://youtu.be/yXe15UaIRKM?feature=shared
A lake..now just a pond.
Sure, boys, those shorts must be closed so keep posting your "views". I guess everyone must make their living somehow. Just so you know, I am not selling a single share till the pipeline is open and GKP will be much much higher than this sp.
Well, going away from this chat as there's nothing you can say that's worth a penny.
Good luck all LTH.
Patience..it will happen.
ST
"Technical Analysis Daily Light Crude Oil Futures
The light crude oil futures market, with a current daily price of $73.18, is positioned below the 50-day moving average of $84.78, indicating a bearish trend in the short term. It’s also below the 200-day moving average of $78.11, reinforcing this bearish sentiment.
The price hovers above the minor support level of $72.48 and is significantly above the main support at $66.85, suggesting that there might be some level of buying interest preventing a further drop.
The proximity to the minor resistance at $77.43 could indicate potential challenges in upward price movements.
Considering these technical indicators, the market sentiment leans towards bearish, with room for fluctuations near the minor support and resistance levels"
And I see that China market dropped 2% today! Yesterday all major oilers went down big time Yesterday.
What's your take on What's happening to the markets this week? I thought OPEC restrictions and US cracking on Russian oil tankers would have prevente a drastic drop on the oil price?
Market makers employ various strategies to induce panic among vulnerable shareholders, leveraging tactics outlined in financial literature. Notably, this is observed in GKP, where approximately 5 million is invested in short positions. These entities execute substantial sell orders, instigating apprehension akin to the common investor's fear of financial loss. This calculated maneuver triggers a cascade of selling activities, leading to a pronounced decline in stock prices. Subsequently, market makers strategically repurchase the shares at lower valuations, capitalizing on the created downturn.
Did a mock sell and they would take all my shares in one go. Dream on!!!
Going back to bed now.
Atb
Dear Anfil,
Allow me to clarify that my previous expression bore a hint of sarcasm, for which I extend my sincere apology. I am genuinely grateful for the comprehensive information you provided. As a long-term holder (LTH) in this share, my entry into GKP at a discounted price owes its gratitude to Turkey, KRG, and Baghdad. The implications of this acquisition are instrumental in facilitating my upcoming substantial commitments next year.
Wishing all fellow shareholders a prosperous journey ahead.
Best regards,
ST
Anfil, should I sell all my shares tomorrow? OMG, OMG, OMG!!!
Morbox, you've cracked the case of marathon discussions! No wonder they're taking forever – those participants are practically in different time zones based on the link's pictures. Maybe we should consider a table upgrade before the biscuits become relics of ancient history during their orbit around the discussion table.
What are the conjectures among the forum members regarding the potential outcomes following a decision in Baghdad? Is the anticipation that APIKUR will be expeditiously apprised, subsequently leading to a disclosure to the IOC and, consequently, the issuance of a Regulatory News Service (RNS) announcement for our collective consideration? Alternatively, is it posited that the government will directly communicate with the media outlets in this scenario?
Nobull and Putup,
Taking what you are saying, could we understand the argument you present aligns with Warren Buffett's views on share repurchases.
Buffett often emphasizes the importance of buying back shares at a price below their intrinsic value. He sees it as a means for companies to enhance shareholder value by efficiently using excess capital. Your perspective on buybacks being an asset allocation decision and the importance of buying below fair value resonates with Buffett's belief in prudent investing. Like any investment, the decision to repurchase shares should consider the expected income stream and be made with a focus on creating shareholder value over the long term. Your concern about ensuring buybacks are done at the right price echoes Buffett's emphasis on avoiding overpayment for any investment, be it in the form of stocks or entire companies.
:0) The MMs will try it when those shorts are closing.
DYOR
Atb
Added at 136 as not squabbling to wait for pennies. This will reward many here.
Photo shoot opportunity for those politicians. Think this way, "inspecting a pipeline" for a Iraqi politician is the equivalent of one of our politicians "kissing a stranger's baby"!
Sitting tight.
It is intriguing to contemplate the characterization of Iraq as a collective of purportedly uninformed and corrupted individuals, perennially resistant to change, ostensibly governed by affluent families and clans, as Belgrano has done.
However, this observation appears paradoxical when examined in the context of a nation adorned with monarchs, aristocrats, and an elite seemingly detached from the everyday realities of its populace.
The juxtaposition includes NHS contractors charging exorbitant fees for mundane tasks, opulent garden ponds resembling expensive duck islands paid by claimed westminster MP expense, a taxpayer-funded Millennium Dome totaling £1 billion, and a historical transgression involving the invasion of a sovereign nation, in violation of the UN charter, accompanied by the United States, under disputed premises—primarily the elusive weapons of mass destruction. This endeavor unfolded as a colossal Pandora's box in the Middle East, fostering regional destabilization and resulting in the tragic loss of hundreds of thousands of lives, including the offspring of our nation's armed forces.
In light of this complex history, perhaps a measured patience is warranted when considering the Iraqi people's efforts to navigate their contractual arrangements, particularly as we approach what appears to be the culmination of this intricate narrative.
I comprehend the prevailing skepticism surrounding the ongoing negotiations and the expressed frustrations regarding a sense of déjà vu, with sentiments echoing "we have all been here before." However, upon objective examination, such a sentiment is not entirely accurate.
Contrary to the notion that we are retracing familiar territory, the initiation of discussions only transpired a few weeks ago. What transpired previously was a cessation of dialogue, with Turkey having figuratively closed the tap. The absence of substantive conversations pertaining to contracts and the uninterrupted flow of oil between Baghdad and Erbil, as witnessed in the past month, challenges the assertion that we are experiencing a recurrence.
The recent palpable significance, coupled with indications of heightened urgency, serves as a source of encouragement, if not optimism. The collective engagement of Iraqi government officials, Kurdistan officials, and other relevant parties underscores a sincere commitment to establishing regulatory frameworks in alignment with the prevailing laws governing the region. This concerted effort aims at resolving contractual matters and ensuring equitable financial recompense, considering the distinctive nuances inherent in Kurdistan's oil production and transportation.
Presently, a period of patience is warranted to allow for the fruition of these transformative changes, ultimately benefiting all stakeholders involved. APIKUR has succinctly conveyed our standpoint, and now we find ourselves in a phase of anticipation. The emergence of a discernible path forward is becoming increasingly apparent, akin to the proverbial light at the end of the tunnel.