Member Info for Yo87

Istaponzi with predicted 90p

Looks like something up. They are just t

decreasing their position. Hopefully we will have breakthrough soon.

I don't want to kill the moment(and I'm happy to see my investment going up), but same time and a bit worrying. Nothing has changed in the pipeline situation, crude is not skyrocketing and middle east is boiling. And SP grew just shy of 20% because company decided slash under 5% of it's own shares. I don't think this grow has any strong fundamentals, but maybe some higher-ups knew more

I hope so, but it may be from different oil fields

https://www.reuters.com/business/energy/iraq-launches-oil-gas-licensing-round-29-projects-2024-05-11/

It's really odd, that after Erdoğan visit, Israel-Iran tension and some attack on gas fields nothing really happened with SP. I was expecting some sort of breakthrough during his visit there, but we are still in the limbo. I have no idea what we are waiting for now. Any ideas?

Thank you ponzi for so much devotion to help save our money! So many helpful posts with proper analysis. All stock holders are grateful for your unconditional kindness.

Morning sunshine! I do really appreciate your dose of optimism. Well realistically no one should expect anything massive from this RNS. SP (especially this one) is mostly driven by future prospects, and less by a fundamentals. Company is still debt free, cover the costs and that is good. Everything else is unpredictable and may go either way. A lot of shareholders (me included) see potential reward, and bet on this horse.

ATB to all of you

We've seen almost identical statement multiple times already...

I am a bit lost with short positions right now. Few jumped in and out recently, but only one on the profit side increase holdings. Is it because they can risk a bit more than the others? Or we shareholders can't see what is going on with it?

It's odd what happening with SP recently. It's slides on no news, stay same on potentially bad news and corelation between SP of others companies is gone. There is no willingness to sort it out from Baghdad. They have time and money to keep pressure on Kurds...

It's been ongoing situation for some time. Iraq need to take control over oil companies in Kurdiatan due to the OPEC quotas. Since October Iraq production is ramping up and exceeded quota. Since January their limit dropped for another 400bpd, and officials stated that is difficult to keep up with it due to lack of supervision over Kurdish oil companies selling crude locally. So right now getting SOMO control over northern oil fields is getting more important. Of course there are plenty other issues, politics and local connections that could come into play.

Genel today fluctuated over 5%, GKP is roughly unchanged, but volume is quite low. I have feeling that something going to happen over the weekend. Another delay or something positive for once? Anyone else got that feeling?

Oh Phat. Yours forecasts are never right :). As much I'd love to se 150s today it's not going to happen. They haven't sorted it they just agreed how to sort it. We are still in limbo. In my opinion oil price sliding is a good thing, because lower prices will force some countries to scrap OPEC quotas to maintain income levels. I'm really hoping it's going to be sorted sooner than later.

Well ratings are worthless to be honest. They could blame "unpredictable global situation". Anyone knows exact number of planes trapped in Ukraine? I've read that they are taking out engines from planes grounded in Kievz so that may help with P&W issues.I known Wizz is opening some new destinations, so all looks better than current SP :).

JakelaMotta it's not that simple. Even if GKP is there, has all the gear, experience and infrastructure it doesn't mean it has a drilling license for enough areas. I have no idea who is responsible for granting licenses in the area. Iraq? Kurdistan? So potential takeover is something I wouldn't be worry till proper agreement is made between oil companies and all governments.

Keeppluggingaway I was about to think about results, but after easyJet's one I have to agree with you

Hi chaps. I'm wondering what is going on with it. Is it good point to put some money on it? Like someone mentioned capitalisation is higher than cash held by the company. I do understand worries about geopolitics situation, but even when oil go up in price Wizzair fleet is one of the newest and most fuel efficient. There are plenty more worries (P&W engines, UE legislation about luggage and possible increase in air travel tax). Finally why on earth board did not introduce buy back program if company is stock price is undervalued.

This is a bit of wishful thinking. Most of us hoping for it, but if investing would be so easy everyone'd be billionaire. After weekend and things happened in Israel I was almost sure about imminent resumption, but my optimism is started to sliding down with current situation. I'm a bit worried, but I don't want miss out on (hopefully)positive RNS .

Apparently everyone is ready for months, but oil is not flowing :)

I don't want to be the one who write it but after few defence system sales, thoughts and prayers, and a lot of empty words everything is gonna be back to normal. Arab oil will flow, some human rights organisations will protest, and that's it. Middle East is Pandora's box and sometimes the lid lifts a bit. It's too far frome Europe and America and it's boiling since creation of Israel. Back to GKP I honestly do think is not far from resumption, because Erdogan is currently in USA and trying to get some trade deals, "West world" would like to deescalate tensions in Kurdistan due to possible revenge on the Iranian government, and in the worst case scenario would like to have peshmergas on their side. I may be wrong (I was about trucking the oil), but all the puzzles going into shareholders favour(IMHO).