Member Info for rogthegamer

Um? Sounds more positive than previous ‘dawns’ Blumagnet. If I get the chance @ 112 or thereabouts first thing this morning I’ll buy a substantial day / or thereabouts Trade.

Seems like Isaponz is wrong as usual. Obviously doesn’t put money where the big mouth is and prefers to aim snide comments at others in preference to posting interesting or useful opinions. Clearly in fear that investors with money to spend and the balls to take adult risks might be rewarded. Jealousy.

Personally I’m on hold pending the probability that Erdogan will turn up this time and the leaders of both nations will pretend it’s all sweetness and love via an agreement. We shall see, if not GKP remains cash rich and profitable.

Well here we are again. It’saponce. Exactly as it was 11 days ago when I purchased a ‘day trade @109 and sold it one market day later with my predicted 15% margin. While this moment in time doesn’t quite feel right as another buying opportunity, as successful trader GKP is my ideal volatile stock ( can’t make much money short term on Aviva / legal and general etc. ) I’m looking for the moment to strike.

As for my core long term holding in GKP, a company that is cash positive and profitable, I’ll sit on that for, within reason, as long as it takes for the value to materialise.

As for the notion in today’s article that the pipeline will never reopen because it has been replaced by the repaired pipe and Iranian influenced politicians want to squeeze and control Kurdistan indefinitely. Can that be a long term position? I’m not so sure because history tells us that the Kurds are proud and strong, they also have a 100k strong fighting force that saved Iraq with Western support from ISiS. The Islamists that blew the now repaired pipeline into a thousand pieces. Can Iraq ‘screw’ the Kurds into submission by economic force for much longer before they have nothing to lose by fighting back, and in that respect the Iraqi armed forces do not have a very good record, quite the reverse and I doubt that they’ll risk a battle that they, or anyone, can win.

Let’s see what happens when Erdogan turns up, if he does.

Patience

Here we go again, price goes down and Itsaponzi can’t resist the chance to have a sadist’s joyful experience at the expense of GKP shareholders.

But the fact is shares rarely go up in straight lines. The ‘buy on the rumour’ traders pushed the price up buying to 127 then the profit takers sold and the price dropped. Just as I expected and I sold my day trade @126.

This was what I expected when I purchased that day trade on the preceding Friday on the likelihood of positive news re. U.S. visit and Erdogan Baghdad visit ( if it actually happens) as those two events have yet to happen I’ll keep an eye on the price and if I’m lucky ponzi’s prediction of doom lower doom will be correct and I’ll buy that day trade

again and then ‘sell on the news’ when the president / prime minister finally agree

Should read Patience was required But enough Is almost enough

P. S.

Patience was required buy enough us almost enough.

I joined this forum shortly before making my first of numerous purchases of GKP shares @146 almost one year ago. My research had revealed the prospect of volatility which is essential for a share trader. This could have been a ‘long’ day trade but the shares continued to fall and I still own them now along with many more. However, I maintained my buy recommendation that is essential to a longer term part of my portfolio ( if I don’t believe that the shares warrant buying why hold them)

My current hold position however does not merit becoming a sell at his time because I do believe we are in the endgame with more positive short term prospects than negative. That said some compelling negatives do exist and I’ll be ready to jump in either direction in an instant.

The last thing that I would like now is for a dispute that common sense could resolve now to be cast back into the long grass where it has been for the past year. Life’s too short to sit here for very much longer and I for one will move on to my next volatile share opportunity, because that’s what a gamer does.

I must say that I found yesterday’s events to be fascinating. I woke up in the morning in the expectation that the price of GKP would rise substantially on the weekends press reports and rumours as discussed on this forum, and sure enough the price confirmed that their had to be substance in those reports. However, late morning reports of Russian meddling in the pipeline dispute and the existence of a route into Turkey that bypassed Kurdistan sent the shares tumbling, fortunately more so for General. Then as the buys continued to outnumber the sells the price stabilised.

At that point I became confused with the direction of the next move and as a share trader it’s my purpose to know, or confidently guess. Therefore I woke up this morning with the feeling that I should hold while I waited for this morning’s early share price movements to become my trading guide. And at this moment in time the market seems to be sitting on the same fence as mine.

Confused? With shares in GKP you certainly will be.

Itsaponzi While I do enjoy some banter at your expense I can’t continue today as my location is 6 hours ahead of the U.K.

it’s also my wedding anniversary and I’m off to dinner with my wife and children where I’ll spend some of the profit I made today,as mentioned in real time @126 ‘ flip back here, ‘ while you have spent your day hovering in the hope that we all lose money. Sick.

PS I do hope that you’ll be right for a change because 90p would be another opportunity to make some money.

Itsaponzi clearly hovering in the hope of a downturn so he / she can ‘get a dig in’ at a strangers expense for some unknown reason, but look at the GKP share price, it’s still up when you predicted 90 p revised to 110 The vast difference in trades today massively favour buys although as I mentioned I sold my day trade +15% and I doubt that you’ve made a penny. No doubt related to a poor education. Lesson two. Too as in too many and not to as in going to.

Yes it’s early Itz and while I’ve made my day trade at the top of today’s price, the retreat should have been expected because day traders will often behave in the manner of Lemmings. Given patience we’ll get to 200 and beyond.

If the retreat is related to the possibility of Kurdistan being bypassed via a revamped pipeline I’m reminded that the Northern Iraq oil that was previously exported via Kurdistan amounted to 100k barrels to thereabouts and the articles are estimating 300k and where do they get more Northern oil. I’ve no idea myself as I’m a simple share trader ( gamer by name and nature. )

But if Turkey agree to one pipe why not the other.

Well Itsaponzi is it time for you to eat humble pie

As I predicted I’d make 15% on my Friday day trade purchase within a week. Just done it within a day.

Now I’ll sit on my core holding and wait for the news that the price rise is indicating because when the pipeline opens I’ll be looking for 226 and not the 126 that I achieved today

Buy on the rumours sell on the news

Itsaponzi thanks for your latest recommendation now I know what not to do.

If you had followed my lead and purchased @108 on Friday you’d be very close to the 15% up ( 123 real time now ) that I predicted. Just as well I didn’t wait for your 90p prediction.

Belgrano While it will be all too easy to agree that we’ve suffered far too many “false dawns” to believe in any positivity , i do dare to say that there is an air of difference today.

Iraq are certainly talking to Turkey and they have reached an agreement regarding border security. A firm date has been set for a summit with Biden and an actual date has been mentioned for the much delayed Erdogan visit. Both this month.

An agreement regarding the payment of civil service salaries seems to be in place. The USA have imposed dollar payment restrictions on the ability of China Turkey etc to pay for Russian oil in a timely manner and they have put in place a restriction whereby Iraq can only be paid in dollars for all of the oil that they export via specified US banks, the US have also flexed their muscles again regarding Iraq’s ability to pay for and import Iranian energy.

Iranian influenced Islamists have been blasted into submission by American force.

While there are certainly those that wield power in Baghdad that wish to ‘screw’ the Kurds on behalf of Iran, Kurdistan is a powerful ‘balloon’ that it will not be in Iraq’s interest to squeeze too much for far too long at the risk of a burst.

All of that plus a feeling that pragmatism will at long last prevail.

I could be wrong of course but if share trading was a matter of logic anyone could succeed, and that will never happen.

Patience Please

Re. “ I love it how people expect 35 when the company was last paid 25 “ a 29% lower figure.

It wasn’t so long ago when GKP were being paid more than 30 for trucked oil. At that time the international oil price was mid - 70s

Their subsequent announcement that they were only being paid 25, albeit for larger amounts, disappointed the market.

The current international price has recently increased to 90+ A 25 % increase within a matter of weeks, and we have not been informed if this has had a positive effect on the disappointing 25. However even if the price remains at around 25 this is a profitable amount, especially on the far higher volumes recently reported.

The calculation of a share price however cannot be accurately calculated in the manner that it was Put Up as a complicated value calculation. The market price is subject to far too many variables that include risk ( we’re high risk and always will be in that part of the world)sentiment, demand, future prospects, overall market conditions, and of course the profits ,performance, assets ,debt yield etc. etc. plus the unknown eliminates that make the current price a gamble. If it wasn’t a gamble to some extent share trading would be too easy and idiots would make easy money. There are also those that swear by nothing more than the past movements on a chart taking no account of anything else including calculations of value that can be Put Up that maybe accurate but are rarely correct and don’t factor in future events such as politics.

All of the above should be understandable to someone that takes the time to Put Up high brow calculations in the manner of a clever dick based upon value.

I’ve upped my recommendation owing to the high level of the recent announcements, but the most encouraging thing that has now emerged is that an actual date has been stated for Erdogan’s visit; April 22. (Rudaw)

Personally I can’t imagine a situation where two leaders that have been at loggerheads for so long on issues such as oil, water and border security, will meet and NOT make the grand announcement of an agreement and with the price of oil being do high, plus the recent pressure that has been applied regarding the delayed payments in U.S dollars for Russian oil,

Mr doom and gloom I can only hope that your prediction “200 fruitless meetings and the pipeline remains closed for the remainder of this year “ is as accurate as your last 90p guess because I’ve put my money where my mouth was and made a trade @ 108 on Friday in the hope if not the expectation that I’ll make another 15 / 20 % this week.

No problem if I’m wrong because @ 35 dollars a barrel 108 p and a reasonable profit margin that might allow the payment of a small dividend this year, GKP represents good long term value in my pension pot. Patience will prevail but If I’m wrong I’ll eat humble pie, will you?

It seems that an agreement regarding the payment of civil servant salaries is in place (Rudaw ) possibly with temporary revenue from higher oil prices, and the news (also Rudaw) that they have repaired and tested one Iraq - Turkey pipeline that will certainly require a permanent agreement with Turkey, I doubt that they would agree to open one and not the other, ours. Can we at long last believe that a final grand announcement will be made during the forthcoming Washington meeting, when I do believe that Iraq will need something to offer Biden / the U.S. If not I can only hope that Erdogan will turn up this time and share the glory of an agreement. In Baghdad. That said and taking account of what has actually happened during the past year, nothing other than ‘hot air,’ I won’t hold my breath.

While patience is still required I’d rather be long than short GKP today.

Yes I do agree something is about to “give.” Hopefully via U.S. pressure that might be greater in practical economic terms than the Iranian influenced politicians can prevent as a means to ‘punish and control’ Kurdistan. If not via U.S. pressure perhaps the often proposed visit of Erdogan (If it does happen at long last) will be the time when grand agreements are made in the pretence that Iraq and Turkey are the best of friends. On that subject can anyone more knowledgeable than

I am myself with regards to Turkey’s politics let us / me know what effect Erdogan defeat in this week’s elections might have with regards to Western interests, including western international oil companies operating in Kurdistan.

Personally I wouldn’t like to be short GKP this month.

Oh and by the way of today’s date, I’ve just been reliably informed that Gold and diamonds have been discovered on land that GKP has a right to the share and GKP shareholders will all be given their share. 🤣

(aa) Why respond to (a) who is clearly an idiot that feeds off the belief that he might be able to scare people with stupid predictions of doom and gloom in the presence that he knows something that he clearly doesn’t. The short term direction of the GKP share price.

I’ve said this before, incorrectly as it turned out, but I’ll say it again, the ducks appear to be lining up and an agreement is imminent and a little more patience will be required. In the meantime I for one can only hope that idiot (a) might by luck be right and we see 90p again, the time to trade be it long or short term at a price that is ridiculously cheap.