Member Info for rogthegamer

True don’t take advice from what might be a mental hospital patient that gets ‘kicks’ from posting crap here using an odd name. Absolutely agree.

That said there are some sensible people that post here and if they know more about the oil industry and the Middle East than I do, what they post here can be very useful. This also saves me the trouble of finding on line information that they share via links to articles.

Re. Now (today) and my own thoughts ( I’m not in hospital bye the way) I have been surprised to note via the absence of the required RNS that GKP have yet to start their share buy back program. If that’s so, it’s good because we can look forward to those purchases helping to stabilise our share price while we wait for interims and pipeline news.

PS I do have some friends and relatives that invest and trade in equities, and they tell me their current favourites, as I do them. BUT I never blame anyone other than myself when a share that I buy goes belly up. As will happen to all professional day traders from time to time, it comes with the territory.

Thanks Straycat I hope to be here for a while. Not too long.

🙏🏼

On the fundamentals I believe it’s too early in the cycle to be considering exit strategies as GKP has massive up-side potential and the downside risks now seem to have been reduced. However, we all have our own personal circumstances to consider including our ability to ‘run with the risk.’ie. If money’s tight and of great importance in other areas of life you’ll need to get out earlier than someone that has money to spare and won’t cry if the top is missed. That said ‘leave something for someone else.’ Ie. don’t be greedy, can be good advise. Personally high risk shares ( GKP is 100% reliant upon survival in a region of our World that is volatile to say the least ) and to be Sensible high risk should only make up a set percentage of my portfolio, and that percentage will increase automatically alongside GKPs share price. If for instance that doubles it will be logical to sell half.

I am however Rogthegamer and by nature “sense ” doesn’t rule my head as evidenced by the fact that I’m very long GKP.

I will say nevertheless that I rarely sell shares that are going up for a reason, therefore my best advice re. Strategy is to sell the shares that are going down for a reason.

Also I NEVER give friends or family share tips. They’ll thank me but they won’t share profits with me, and they’ll blame me if i’m wrong. Best keep friends and buy the wife and kids a treat as I will when I do sell GKP. There’s no point to being rich in a graveyard ( here lies a GKP share holder)

Itzaimpossible

I wonder if, we all know who, will be ‘man enough’ to post on here today. To say “I was wrong and GKP shares are not heading towards less than 90 as I so confidently predicted” Or will itsaponzi say “ all’s bad and wait because I’m right, I’m not a foolish pessimist and the price will reduce to less than 90p the price when I’ll buy some myself. “

We shall see

Sods Law. First day in a while when I wasn’t at my desk here in Thailand at market open (2pm. Local time) the RNS that I mentioned as being required last week is published.

While the 27 dollars is disappointing by comparison with DNOs claims, selling 40 k or so barrels per day does compensate.

Clearly a buy back as opposed to a small dividend is better in the long term and this will be a problem for the shorts.

Especially as small dividends are a possibility if profits continue, In fact the shorts may well ‘bite the bullet’ and purchase the shares they have, I suppose, borrowed, taking a loss, which in itself will be positive for the future share price.

Now when I say “poor Itzaponzi” that’s not because the fool was wrong as I’ve told, him or her, so many times. Poor in this case means fools like that who couldn’t see the value in GKP ( only the insane belief that the shares weren’t worth the price they were) were obviously amongst the shorts or they had been too frightened to be a buyer and therefore they are as poor today as they were last week. Which I’m pleased to say doesn’t apply to most of us here, the happy ones today.

Rant over.

Patience paying off.

While I will admit that I have been waiting for the one event that would have had a massively positive effect on GKPs share price, no need to say what that would be. Waiting and waiting for far too long. I am nevertheless encouraged by the words that DNO are saying with regards to the increasing world wide demand for their oil. This is clearly indicating that a route, probably overland tankers via Turkey, has been established, probably Erdogan’s agreement with Kurdistan and some money finding its way to those that have the power. This brings us to the ability of our management to do something similar in terms of an ‘local’ oil price that is as profitable, and personally I’ll be very disappointed if they don’t achieve something similar, especially as they will portray themselves as being failures by comparison with DNOs management.

As share holders, the owners of GKP, we can collectively dismiss them if they fail by comparison with DNO. Therefore I will expect the next R N S to be positive.

Can we now hope that some of the profits will be distributed by the way of a dividend?

P.S. I’ve been waiting to buy at the sub 90p share price that was so confidently predicted by those pessimistic posters (Isaponzi in particular) Haven’t heard from him recently. Do I wonder why? No, not when the shares are 120 and trending up.

Having taken notice of the price that DNO are securing for their ‘local ‘ oil sales I was expecting that GKPs share price would increase today, the fact that it hasn’t increased so far is disappointing and gives rise to the suspicion that GKP might not be achieving those higher prices. In this case GKP should provide an update, certainly if there has been a meaningful price increase since their last reported 25 dollars.

We shall see, if not via an update via results.

While I do agree with the points so well made by Belgrano, I’m sitting on a fence having heard so many ‘logical’ reasons why the pipeline ‘will open’ in the past. Therefore in the present I for one can only hope the market will reward a cash positive company that even in adversity is profitable. As I hope the next update will confirm.

In the meantime Patience Required.

You’re not the only one that expected the announcement of an agreement during the Erdogan visit, I suppose they’re still negotiating the financial terms of an oil export agreement and how much water Turkey will allow to flow into Iraq.

Sadly as demonstrated by their use of an Iranian weapon to attack Kurdish gas production the very highly placed Iranian influenced politicians in Iraq will not allow the pipeline to open unless they gain full control of Kurdistan’s oil and therefore their only significant income, including their ability to finance a fighting force that supports U.S. interests in the region. Now we can only hope that Kurdistan still has some good cards to play and an agreement will come in time. In the meantime it seems that profits on what they call ‘local sales’ will allow GKP to build a cash reserve that might, if it becomes large enough, allow reasonable dividends to be paid. At that point the shares might be revalued upwards even if the pipeline remains shut.

Personally I’m on ‘hold,’ although if Itsaponze predictions of 90p are right for once I’ll probably change my position to ‘buy’ that said his record in terms of predictions has been useless to date.

Patience Required

Itsaponzi it’s about time for you to try to make some valid points, albeit on subjects that others have been speculating about on this forum for some considerable time.

If I were you I’d read Belgrano’s comments as they seen to be written from a background of knowledge.

Clearly Iranian influence is behind Iraq’s blatant attempt to ‘control’ Kurdistan, and we must say not without success. However, the notion that Iraq can in the long term export Kirkuk oil directly to Turkey via a long pipeline that runs alongside Kurdistan , and at the same time requires Kurdistan to supply cheap oil on the local market in exchange for budget payments is foolish. Someday someone, to be called a terrorist or Isis for convenience, will blow a large hole or two in that.

Patience still required. In the meantime we, (the long investors and not the pessimists that hope GKP will fail) can only hope that some modest profits will support a higher share price and a little dividend on occasion.

Had the Itsaponzi’s on this board taken any notice they would have witnessed two recent trades that I posted in advance and live as they happened, two profitable trades that have contrasted with ‘birdbrains’ 90p predictions that have thus far been tripe.

While I don’t see 90p short term myself it would be nice because that price for a share in a cash positive profitable GKP is the volatility that traders thrive upon. So if anyone out there would like to sell @ 90p or less do so when, for once birdbrain might be right, I for one will probably be buying at that price.

Belgrano that’s heavy.

When I first purchased GKP shortly after the pipe closure I knew next to nothing about Middle Eastern values and politics. No after all of this time and the advice of many including the sensible post that you and some post. I can confidently say that I know and understand far less.

While I will say that I was expecting positive agreements yesterday and as such I’m disappointed. However, the politicians have set their serious negotiating stance, and negotiations will continue from that point. I do believe that Iraq have decided that the IOCs will swallow whatever they are offered, which when taking account of Iraq’s requirement from Western investments, should be palatable if not good. At that point, whenever that might be, my core holding in GKP acquired @136 average price will be more valuable.

In the meantime as I’ve reduced my recommendation to hold and therefore my 114p ‘day trade’ had to be closed before I achieved my 15% target. Never mind 10% s okay, certainly better than nothing if I’d been stupid enough to wait and buy for the 90p that a bird brain predicted a few day ago.

What planet have you been o this past few weeks.

No news yet but Erdogan has actually arrived in Baghdad ( at long last) now let’s see what happens next.

FCFY

Yes that may well be correct and the lack of a positive price movement on Friday backs that up. However Erdogan will also visit Kurdistan. To say what “ I’ve just sold you out via another pipeline “ I doubt it and as we gave less than ten minutes before the market opens the price will be interesting.

By the way I doubt that anyone would rely upon a pipe that runs for many miles beside a potentially hostile Kurdistan.

When I purchased GKP@ 114 on Thursday I did so in the expectation that the President of Turkey will turn up and appear alongside the Prime Minister of Iraq smiling with regards to an agreement. Friday’s share price however took a different view, just another false dawn perhaps.

Now I’m given to understand that Erdogan will also visit Kurdistan during that one single day. If this is not the long awaited opportunity to announce a pipeline agreement what can it be. Border security perhaps, or nothing substantial as indicated by the current 112 share price, which is very often right.

I’m in this up to my eyebrows so here’s hopping and we shall see soon.

Maybe that dilution is behind my loss so far on the shares that I purchased this morning @114. Never mind if they go down much more I’ll buy some more.

Here’s hoping that Erdogan will be smiling when they announce an agreement. If he turns up otherwise we’ll be down where Itzaponz will be rejoicing and telling us all how F****** clever he is

Itsaponzi You seem to have woken up with regards to facts that I for one and many others on this forum have been considering for several months.

In short you are the worm that seems to be turning after your previous tripe has been proven to be utter nonsense. . So don’t come on here now in the pretence that you are clever when the reverse us true. Only one day ago you were confidently predicting doom and gloom as usual and 90 p shares. I just purchased a chunk for 114.

What’s that about if it wasn’t something that most of the more thoughtful people on here have long considered.

Itsaponzi has your brain finally caught up with others here. And will you stop beating KRG down.

The fact is over many years of turmoil GKP gave demonstrated their ability to survive and thrive in the difficult and troubled area of Iraq. They will do so again it’s only a matter of TIME.