Member Info for Mulder

The biggest loser here is Iraq itself. $1 billion in lost revenue - would have covered the Turkey fine.

KRG Ministry of Finance: Erbil loses $850 following the suspension of oil exports

According to a source from the finance ministry, the Kurdistan Regional Government (KRG) lost $850 following the suspension of oil exports.

The source, who did not want to be named, told London-based Sharq al-Awsat the Kurdistan Region has lost about $850m since oil exports were halted following the verdict in Paris by the ICC International Court of Arbitration. The ICC ruled in favor of Baghdad against Turkey for facilitating the export of Kurdish oil without Iraq's consent.

"If the situation continues, Erbil will run out of money".

Very slow board this one!

Clearly risks have increased with the delay in re-opening the pipeline but If Iraq are paying KRG salaries, they need this revenue. If salaries don't get paid, there will be riots. A lot at stake.

*I'm holding, and will wait for news.

Interesting that the CEO has put in the term 'legal action' today. Who are GKP going after exactly?

Brent down to $77. Perhaps a resumption is not too far away...

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New Iraqi PM is hardly going to encourage foreign investment with this impasse.
They are only hurting themselves.
Any claim against Turkey should simply be waived.

Yes seems ripe for plucking.

Surprised at the rise here. The operating ratio has been decimated, confidence shot, balance sheet and solvency ratio destroyed. Capital raise is not out of the question. Any reinstatement of a dividend will be far below previous levels. Not being on price comparison sites yet another negative.

22% average only

Don't forget the covid related capital raise and subsequent dilution also.

CEO holding millions in stock here.
Nice to see for a change.

In your dreams!
>100% premium?
Never seen that.

Lots of chat on this board and lots of questions.
Has anyone bothered to contact Investor Relations with your queries?

Ex-dividend next week

It does seem to be trading at a steep discount to its book price. If earnings can get back to pre pandemic levels the forward P/E is around 5.

Eid Ul Fitr across the Arab world tomorrow.
Will Turkey and Iraq have come an agreement come Monday?

But the UK doctor and nursing strikes can not be helping...

Share price nearly always rises well before any bid materialises. Usually via Mark Kleinman....
The chart here looks awful.
Closed period is speculation and any bid talk is wishful thinking.
No position here.

None of the directors have much skin in the game here as they say.
I also see the CEO sold half his stake a few weeks ago.
May mean nothing but hardly inspires confidence does it?

Secretary of State Antony J. Blinken spoke with Iraqi Prime Minister Mohammed Shiaa al-Sudani today. The Secretary welcomed the Prime Minister’s bold steps toward energy independence and, by extension, improving services for the Iraqi people. He commended the Prime Minister’s on-going efforts to reach an agreement between the Government of Iraq and the Kurdistan Regional Government on the export of oil through the Iraq-Turkey Pipeline and management of oil revenues. The Secretary discussed the situation in the region and reaffirmed his support for a stable, secure, and sovereign Iraq.