Member Info for rogthegamer

Yes MrCareful Given time life changes in the mist unexpected ways.

On one hand Iraq are saying that Kurdistan is a part of Iraq, therefore all oil sales must go through SOMO. On the other hand they seem to be saying that the money that Kurdistan owe to the IOCs is not Iraq’s responsibility. Hypocrisy

This has become a saga seemingly without end, the only consultation being the profits being made in the current smuggling “local sales” situation allow for the payment of good dividends, and of course the share price does seem stable considering the falling international oil prices.

You might be right on this occasion Ms Ponzi. I suppose shareholders in GKP can only hope that U.S. pressure and Iran’s weakness will drive the powers that be in Baghdad kicking and screaming into accepting something that they don’t like.

That said, how can you of all people honestly say “Like to be proven wrong though” the fact is you delight in the prospect of being proven right for once and GKP holders lose out. As you constantly predict.

“Roll on September” what for if you don’t own a share of GKP. The chance to troll those that do have the strength and spare resources to back their judgment. Pathetic.

Well that’s not so bad ( up a penny or two) because I’ve never had a need for a tin hat inside my office. Even when, as it will from time to time, the GKP price drops by 6/7 %.

Straycat I’m happy holding GKP longish term. The yield’s good and our dividend income looks reasonably secure even on so called ‘local sales’ alone. In that respect week to week share price fluctuations are irrelevant ,up to a point, because it’s paper money not cash that’s been burnt. That said it’s not pleasant when prices go down in the manner that they recently have.

As a bonus for a man with an enquiring mind that didn’t know more than the headline news Re. this troubled region, my need to research GKP and the circumstances of its own troubles following the pipeline closure, has been an eye opener of more interest to me than the background of financial institutions where my holdings are far larger.

In short stick with it ( That’s not a symptom of being a w**ker like Ponzi. Holding here is a sign of strength. No living person possesses foresight that’s 100% right. Who knows what will happen next with Lord Trump calling bashing his own USA first drum.

Know the feeling. I was waiting for the Divi Still at least it’s not “145 and falling” Or “90s anyone.”

If trading was easy I’d be rich 💰

With Trump as the self appointed king of the World what might happen between now and September.? Will the Iranian influence in Baghdad be silenced? Will the price of oil plummet further? Will an embargo of Iranian oil settle the market? Could Iraq be sanctioned as being complicit in Iran’s circle of evil? Will China recognise the difficulties in living with 100% export duties? Will they negotiate with Trump? Will Iran negotiate with Trump? Will they be incinerated along with their nuclear missiles? Is GKP risky? A final question that’ll be easy to answer with one three letter word. So there’s no surprise surprise there for those of us with the sense to diversify.

If one side in any negotiation isn’t sincere in a desire to agree no end of excuses will be made in preference to being called the stumbling block. Personally I wonder how much influence the owners of two thousand tanker trucks might have, and there’s been a lot of money made by the owners of local refineries, politicians of course.

Still could be worse, profits are still being made, and we can’t complain about oil smuggling when we’re spending the dividends.

Has the short seller repurchased in order to take their profits on the market’s fall. Or have they purchased shares because they fear a pipeline agreement? Who knows but those in the know, and that doesn’t include me.

Nor does itstheprick that said “145 and falling. 90p incoming” so gleefully on Monday morning.

Reuters “Iran-backed militias in Iraq to disarm to avert Trump wrath” seems he’s not all idiot U S. 1st. If U.S. pressure can do that, We can be assured that they can push for the pipeline to be opened. Is that the reason for “No significant barriers?”

Today 08:07 am “ 145p and dropping “

“90s anyone ?? “

Would’t 90 be nice, I’d certainly be a buyer at the price or more . Of course those that predicted 60 when the shares were 90 didn’t make any money last time around, and IT won’t if 90 does return. IT needs balls . As mentioned in my previous post, GKP is profitable, pipeline open or not, and paper falls can just as quickly become paper gains. In the meantime dividends will be paid, reinvested for the future or spent and enjoyed. Happy days here in any GKP event due to diversification.

The day hasn’t started very well in my part of the world, sadly these things tend to tumble in unison. However, don’t despair because history tell us that there’s always a point during a typical crash where shares can be purchased for less than their true value. On that count, and like many others, it’s a bit of a chicken and egg thing, what can I sell low to be able to buy low. These things are what separate the bull from the wimps.

While I don’t hold open long positions my retirement portfolio has certainly been ‘Trumped’ however dividends can be reinvested and I’ll certainly consider that when the time comes. In the meantime ( subject to oil prices ) sitting on GKP is profitable, and the money that will be made in time is the reason to invest and take the bumps while keeping an eye on GKP news and views posted here, or it is for all but two.

With the weekend ahead and the market in turmoil this is not the time to be a long trader. However @159 GKP will most likely provide a yield that’s very good in terms of its long term value. In that respect I’m sticking with my nervous buy position. Although I must admit that my own portfolio now contains a host of far safer options.

As you’ll probably know by now i look on the bright side, a bull that goes crashing in standing firm on his original assumption though thick and thin therefore give our good performing directors a good incentive to stay through thick and thin.

*Buy for the long term, but not as a trade in the current environment. It’s the market as much as anything else, and a crash is something that happens all too frequently.

Itsaponzi have you forgotten that you predicted GKP 60p. Did you note my buy recommendations at c90p one year or so ago. Did you notice my buy recommendations while the shares were increasing from 120s to 200 while all the while you were posing opinions that the shares were going down. Wrong and wrong time and time again

As we are today in a general worldwide stock market fall GKP is trading @ c170 with a 8p or so dividend on its way, albeit not to you. So don’t insult me by claiming you’re right now. because shares never go up or down in strait lines. I’m holding a very profitable position here, but what are you doing here?

Strange but I don’t recall PUTUP posting anything about selling 20% of a position when the shares were above 200.

However, be that so or not, it’s irrelevant. If 20% of your shares were too high and for that reason they were sold WHY weren’t the renaming 80% sold. Why keep them if you truly believed that the price was already too high at about 200.

You claim to know the numbers but you’ve lost credibility here. That’s s as bad as being an idiot that incorrectly predicts one hundred falls and then claims to be right when one fall happens

“Priced more fairly now” ( in effect a claim that the recent share price was too high.)

So PUTUP why didn’t you sell when in your opinion the shares were overpriced. Or don’t you believe in your own opinion.

With the weak market ( BP down 3% or so ) and the dividend deducted 177 / 183 or a little less represents a reasonable buying opportunity. I could be wrong of course but who can be right or wrong all of the time. For the record however the following examples are representative of many other examples that are RECORDED on these pages.

Itsaponzi 9th Feb 2024 09:59

Price 96.75

“I really can’t see this over a pound again.”

“80s incoming I’m afraid.”

“I will stick my neck out and say 60s will be seen at some point this year.”

Rogthegamer 26th Feb 2024 09:31

Price 89.65

“Just bought some more @89.55 I’m not sure.” (Not sure of course because who can be right all of the time?)

My dividend on the shares that I purchased at and around this time have to date been 20 pence or so. My net price therefore = 69 pence In the meantime Ponzi’s made sweet F.A.

Negotiators stalled but to be continued.

The current shorts are still in negative territory as they would have sold the loaned shares in the 180s or less. No they don’t always get it right as the previous two found to their cost, and at some point soon more than one million shares will need to be repurchased and a dividend covered. Not something that employed short traders will be doing with their own money.

While negotiations continue share price fluctuations of the kind currently experienced should be expected, and traded if the price drops much further in the short term. In the meantime I for one need no reminders regarding the negative possibilities of owning a small part of a company that operates in a volatile region where fanatical politicians don’t prioritise the best interests of their own people. Clearly GKP should only be a part of a balanced portfolio. That said I suppose we’ll be given more useless reminders regarding our stupidity for owning GKP shares on each and every occasion that negative news comes to light. Stupid because the person that predicted 60 when the shares traded at 90 instead of buying at 90 as I recommended at the time here, it’s still on record, has made nothing and wasted time for nothing.