George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
It’s going to happen any day now imminently, why would they take on such a risk if it wasn’t going to happen
https://oilprice.com/Energy/Energy-General/China-Awarded-Major-Contract-By-Iraq-For-Supergiant-Oil-And-Gas-Field.html
Https://shafaq.com/en/Economy/Iraqi-Oil-Ministry-announces-near-opening-of-North-Refinery-in-Baiji
Https://www.offshore-technology.com/news/bulgaria-to-replace-russian-oil/
How will they do this without flowing oil, news very soon
Today’s drop in the SP was a gift, I hope everyone bought or topped up
We will never see these prices again, after yesterday’s RNS GENL looks very strong and as a company updating their share holders frequently, unlike another company in the same region.
I still think at these bargain price, a take over offer will coming in soon and as soon as the oil flows again, we will easily see 150p +
Anything can happen over the weekend FOMO for Monday news
They were probably waiting for the American oil
Company to leave before they resume oil. I think we will get news very soon, hold onto your shares
https://www.reuters.com/business/energy/exxonmobil-hands-over-operations-west-qurna-1-oilfield-petrochina-2024-01-01/
I think PI’s are selling GKP to buy GENL
GENL has more upside than GKP at this price
GENL has better control of their money and production and would be a better company for a take over bid currently from the last rns
What is the OPEC production quota in Iraq?
The 23-member OPEC+ alliance is currently in the middle of trimming its collective output by 2 million b/d, an agreement that kicked off in November and will be carried out through the end of 2023. Iraq has a quota of 4.431 million b/d under the Oct. 5 agreement.Mar 19, 2023
Iraq lowers oil output from southern fields in line with OPEC+ cuts
As I see it, it will take sometime for the oil to flow. Read article above. It ends with the following...
"Lack of urgency
Bringing back some 500,000 bpd to the global market would release tension in tight global energy markets, amid the Israel-Hamas conflict, sanctions on Russia and Opec+ decisions to reduce output.
However, the government in Baghdad may not see reopening the ITP as a matter or urgency as production from the fields it controls already meets, and even exceeds, Opec+ quotas through its southern seaborne export routes, as well as by trucking routes to Jordan, the FGE concluded".
I mentioned earlier this is going to take along time to resolve and I will buy more at a much lower price, I did warn you
https://www.agbi.com/articles/oil-companies-shun-iraq-turkey-pipeline-over-payment/
If the rumoured offer of 270p was rejected, then the current SP is a bargain price. And according to the rumours there was another bidder, who probably offered more let’s say for argument sake 350p, this will also get rejected.
I think there will be a offer of 400p to 450p soon, as negotiations was not denied by Halford company, the just said we don’t comment on rumours
Did you talk to Halford staff ?
DYOR