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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.
It doesn’t take much for the heard to stampede. I don’t know what investors were expecting but, some have really lost their heads today over a far from perilous set of results. However, what they’re willing to sell at a loss, someone is obviously willing to buy on the cheap as volumes are high and according to my broker there are more buys than sells. Let’s hope tomorrow sees us back about £1.
Genl down 3.2% GKP down 12%, says it all really, GKP has a lot of retail investors versus Genl’s institutions. If Genl was down a similar amount I’d be inclined to think there’s something very serious going on but, they’re (Genl) just tracking Brent and the general low mood, GKP investors are taking flight in panic.
C/eye,
Good points and well presented by someone from the coal face but, the ITP isn’t a part of these hegemonic politics, this is a regional dispute regarding regional issues; water rights, corruption and payment of dues. There may well be a “rebellion” against the US’s influence but, it’s not playing out in northern Iraq and eastern Turkey. All imo of course but, I’m sure someone will try to convince me that the west and in particular the US are evil because they (the punter) invested in a shambolic oiler. As PUTUP says there’s a bit of resistance around these prices and I expect a dead cat bounce later today, I’ll choose the best time to dump based on this.
Not looking at all good here, think it’s time to cut losses and leave with a shade of dignity. Can’t believe there’s sausages out there still trying to mitigate their dire choices by blaming some non existent geopolitical situation. You pays your money, you takes your chance.
More clueless claptrap, stop reading Russian state media, it’s run by Putin’s flunkies and prints what he tells them…..lies. This board is for discussions on GKP and other related issues, if you want to peddle juvenile propaganda on behalf of a murderous war criminal, head over to telegram.