Member Info for Swell2316

Movin on up, @JohnGoldstein, how’s that strong sell working out for you?

8 posts and recommending strong sell based on flawed knowledge of GKP. PKK have bases in northern Iraq but, KRG have for many years distanced themselves from this group. As for “striking the oil fields”, you’re clearly deluded, Turkey is a NATO ally and bombing the KRG with its multinational forces, of which, a large proportion are NATO would be very foolish and highly unlikely without international agreement. The action by the PKK shouldn’t have any effect on GKP’s local sales which, are currently how we make ends meet, not exporting through Turkey. Investors with more than a little brain know this and will keep buying or hold, the others will sell. The bottom line for me is, buy the cheap shares the pigeon brained sell.

Jamsie, if that’s your best attempt at deramping, it’s pathetic and I’m embarrassed for you.

In the words of Capt Mainwaring, Stupid Boy.

Gee, thanks.

The Iranians have been causing mischief in Iraq for years. They being Shiite and a majority of Iraqis being of the same sect gives them leverage but the difference is Iranians are Persians and Iraqis are Arabs which I’m paper wouldn’t look a big deal but culturally it’s quite a gulf. As a result, I believe the Iraqis don’t trust the Iranians and don’t wish to be a satellite of that regime. As for Erdogan, he can’t play the servant of two masters much longer, he’s going to have to pick a side.

Poubelle, I thought bins were supposed to take rubbish not spit it out. As has been pointed out many times, there are no winners in this special miscalculation, only losers. As for the bovine dung regarding the Suez, seriously, it’s not wise to stop your medication so suddenly.

Max,

Regarding your earlier post that said something like “I doubt you bozos have a million to invest”

I almost choked on my tea, if I had a million to invest, I wouldn’t put it in GKP and miss the opportunity to dump at 450. Perhaps I’d throw in 5% of that in and put the rest in stable stocks but, a million, you’re either unhinged or a fantasist or both. Also, if I had a million, I wouldn’t be on here spilling my guts because I made a very bad decision. But, all that said, I’ll raise a glass to those that benefitted from your ludicrous miscalculation. I think Warren Buffet described your type well, when the tide goes out, you can see who’s been swimming with no pants on. Your situation is very similar to putler, don’t gamble what you can’t afford to lose. I believe it’s customary to say Do svidaniya but, I can’t stand the company of weak minded fools and as a result we’ll never meet, ever.

Max,

You have moments of clarity followed by utter insanity. Your misguided love for the monster putin is vile, you need to keep a hold on reality, putin has started a war with no winners that will take him to an early grave in suspicious circumstances. It’s only a matter of time (and further bodies) before the sober Russians demand his removal. GKP is nothing compared to the death and destruction taking place in Ukraine, stick to posting your thoughts on GKP and leave your putin obsession for other boards, you may find posters taking you seriously.

The majority of the oil arriving at Ceyhan comes from the Caspian basin.

Max,

Scum stole your money LOL, cry me a river princess. I love a bit of geopolitical uncertainty, it’s good for business but, you need to be accurately aware of the risks and it’s clear you’re blinded by greed and incompetence. I’ve lost a few quid here over the years but, I managed to claw a bit of it back on other trades, you obviously put all your chips on red and it came up black. If I were you, I wouldn’t be advertising how Shiite at trading I was, I’d be licking my wounds and putting in extra hours to try and get some of my losses back. When this hits 200 I’m out, I’ll have made a very tidy profit, good luck getting your losses back ;-)

what a complete pile of ******. you took a punt on a dodgy share and lost your shirt. it’s no one’s fault but yours. stop being a cry baby and admit you’re not cut out for share trading and no amount of bs regarding geopolitics and conspiracies will change that. if you can’t take the heat, dry your eyes and get out of the kitchen.

There’s a quick win here Turkey, open the ITP without delay.

From the FT:

Turkey posted a wider than expected current account deficit in July as big imports of energy products and gold offset large inflows from a strong start to the summer tourism season.

The current account deficit, a key barometer of the flow of goods and funds, registered $5.5bn in July, according to the central bank. The figure was significantly worse than the $4.5bn expected by economists in a Reuters poll and brings the year to date deficit above $42bn.

The figures mark a setback for Turkey’s new economic management team, which was appointed in June and has said narrowing the deficit is one of its key priorities.

The “local sales” pitch is a joke, the demand they speak of is nothing more than a few spivs taking the crude to a pipeline down stream and selling it at just shy of Brent prices. As long as we’re getting a cut and it keeps going at the current rate or increases then we’ll have to accept it. Doing business in this part of the world has never been without a bit of corruption and nothing will change. The ITP is the only way we’ll grow the company and SOMO will hopefully provide some stability in payments.

When Brent reaches a point that Erdogan can no longer withstand the international political pressure. At the moment, he’s putlers fluffer but, he can’t keep that up much longer, he’ll need to get off his knees, scoop up his pride and get back to making real money.

JAdams

I’m not sure if you read the RNS correctly or you’re able to interpret what they were trying to communicate. The mention of external financing was the last on the list of options to retain liquidity. Only if: local sales, cost reductions and inventory sales have failed will they look to bolster the balance sheet with external finance. They were quite clear that: there is demand for Shaikan crude and current sales volumes are adequately coving costs. That alone will keep the wolves from the door but, with active austerity, the potential to increase sales and $80 million cash at bank, they have no requirement to go cap in hand to anyone at this time or anytime soon. The phrase is there because they want to be seen to be in control of a going concern, if it’s needed, it’s an option. Right now it isn’t.

This sheister is the servant of two masters. He’s in communication with putler who, I’m sure is asking him to delay the opening of the ITP iot put pressure on western governments with a rising oil price. He’s also a servant to his people who likely want the ITP to open so they can get back to earning easy money and cheap fuel.

If there is, it’s not involving Erdogan as he’s chalked to meet putler to thrash out a grain deal.

Kheldar. 40k bbl/d is an aspiration with no guarantees and lots of hurdles and at $30. Resuscitate Brent at near $90, it’s a waste of resources. This company had a plan to ramp up to 100k bbl/d, that will never be realised selling to local sheisters. Without the ability to export, this share will never realise its potential, fact, and the institutional investors we need to move this company forward will avoid, fact. Fair value at 135 is probably right with a following tide and a fair wind. I wish it were a different story but I’m a hold until the ITP is flowing with Shaikan crude.

Without the ITP, this share is in irons. Too many PI’s and not enough institutions to move this on fundamentals.