Gulf Keystone Petroleum Share Discussion Threads

[goatcam] 09/11/2021 09:27

I had a feeling you were referring to the sells....

They might just be nervous holders getting rid due to payment issue...

[pensioner2] 09/11/2021 09:26

They've got to keep dripping sells in to balance any buys. If it's not the beneficiaries of the sells who are buying then it costs money. The big buys will be the regular sellers (imo)

[goatcam] 09/11/2021 09:21

"Someone is spending what us mere mortals would consider to be a lot of money to keep this rangebound."

What do you mean by that P2?

[pensioner2] 09/11/2021 09:04

Someone is spending what us mere mortals would consider to be a lot of money to keep this rangebound. It won't go on forever.

9.15. It looks as though they may have got fed up of giving us cheap shares already as the volume is starting to show.

[goatcam] 09/11/2021 08:42

About time H7 (in reference to you putting him on filter)

[highlander7] 09/11/2021 08:41

Digby ..binned

Thanks Goatcam for explaining my IMO to Digby

LOL

[goatcam] 09/11/2021 08:37

The more shares the eventual buyer can pick up on the market = the more ££ per share the holders (KRG, us, Blackrock etc) will get on takeover announcement.

[pensioner2] 09/11/2021 08:34

This won't be "mates", h7, it'll be to allow whoever is digging deep to get as many as possible down here to reduce the eventual total cost. (imo)

[officerdigby] 09/11/2021 08:31

Last time ( a few years ago now ) I saw a situation similar to this , was to allow "mates" to top up cheaply before the news was released.IMOYou see there is no reason for IMO on the post!Either you did see this. Or you didn't!IMO!

[highlander7] 09/11/2021 08:24

Last time ( a few years ago now ) I saw a situation similar to this , was to allow "mates" to top up cheaply before the news was released.

IMO

[goatcam] 09/11/2021 08:08

Delayed payment is just to get rid of those weak shareholders before the mountain of good news due this quarter

[highlander7] 09/11/2021 07:55

Informative posts Digby showing the potential direction of the Oil Price.

No one is punishing GKP and we will find out the reason for the delay in due course.

H7

[officerdigby] 09/11/2021 07:49

Meaningless posts....


OK why no pay. ..

Good or bad.

Fickle Punishment or what.

[highlander7] 09/11/2021 07:08

Is Biden Doing Enough To Make Big Oil Boost Production?
By Robert Rapier - Nov 08, 2021, 3:00 PM CST

President Joe Biden cast blame on Russia and OPEC for the current state of high oil prices. The perfect storm of shuttered production and lack of demand during the COVID-19 pandemic has led to a lack of investment in new oil production in the United States. Biden’s own energy policies have also created a lack of supply in the United States, forcing the country to import more oil than in previous years.

Just ahead of OPEC’s next virtual meeting, President Joe Biden cast blame at Russia and OPEC for the current state of high oil prices. He said “If you take a look at gas prices and you take a look at oil prices that’s a consequence of thus far the refusal of Russia or the OPEC nations to pump more oil.”

Javier Blas, Chief Energy Correspondent at Bloomberg News, posted video of Biden’s statement on Twitter.

Two days ahead of the OPEC+ virtual meeting, US President Joe Biden is pointing fingers: "If you take a look at gas prices and you take a look at oil prices that's a consequence of thus far the refusal of Russia or the OPEC nations to pump more oil" #OOTT pic.twitter.com/k4N5g8NQbO

Let’s be clear on a couple of things. First, a fundamental reason oil prices have surged over the last year is that U.S. oil production declined by 3 million barrels per day (BPD) during the pandemic. That decline was exacerbated by a price war between Russia and Saudi Arabia just ahead of the pandemic, but then the pandemic crushed demand (and oil prices).

In response to the collapse in prices, last summer U.S. oil production fell by 3 million BPD — the largest short-term decline ever recorded. Demand started to come back in summer, and by fall demand was recovering faster than supply in the U.S. Our crude oil imports began to climb, and along with that so did the price of crude oil and oil products.

One could make the alternative argument that rising gas prices are from the refusal of U.S. producers to increase production. However, it’s more complex than that. During the pandemic, some producers went out of business. Some low-production stripper wells were certainly shut down. That’s production that won’t come back easily. (And some of those factors also impact production from Russia and OPEC).

But here’s the thing. Whether you think it was the right thing to do, the reality is that passing legislation that is hostile to the U.S. oil and gas industry makes it even more difficult for domestic production to bounce back. So, instead of asking Russia and OPEC to pump more oil, we could look internally to what we could do in the U.S. to pump more oil. I highlighted the risks of President Biden’s energy policies earlier in the year, because this is the sort of situation that can arise (not that this is the primary cause of this crisis, but it could be the cause of a future crisis).

OPEC and Russia have some spare capacity, but they may be reluctant to use it to help Americans out with lower fuel prices. The International Energy Agency (IEA) recently estimated that OPEC+ spare capacity (primarily OPEC plus Russia) was 9 million BPD in the first quarter of 2021, but it sees that potentially falling below 4 million barrels BPD by the fourth quarter of 2022.

It is certainly in Russia’s and OPEC’s self-interest to keep prices high. They are under no obligation to boost output to give us relief in the U.S. We can pressure them and dangle incentives, but this situation didn’t arise from their refusal to pump more oil.

Nevertheless, they could probably do so if they wanted and give us some relief. Think of it like a doctor responding to a distress call on an airplane. They didn’t cause the problem, but they may be in a position to assist.

By Robert Rapier

[highlander7] 09/11/2021 06:10

OPEC+: Global Energy Crisis Isn’t Our Problem
By Julianne Geiger - Nov 04, 2021, 1:30 PM CDT

Your problem isn’t our problem was the harsh message delivered by OPEC+ on Thursday at a post-OPEC+ meeting presser.

Referring to the energy crisis soaring energy costs, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman argued that “oil is not the problem”.

Indeed, the energy crisis began with a natural gas crisis that eventually spilled over into coal before snowballing into fertilizer, food, and various other crises as it spread to Asia and throughout the globe.

The Saudi Prince offered the market a solution: focus on the supply of natural gas to Europe and Asia—where the problem originated. This would include the infrastructure that brings the supplies to market.

Some would look at the soaring crude oil and gasoline prices and argue that crude oil is in crisis mode as well. But according to Prince Abdulaziz bin Salman, the double-digit increases in crude oil prices are nothing compared to the triple-digit increases in the price of natural gas and coal.

Today, the OPEC+ group flatly ignored President Biden and the White House’s pleas for more crude production when it lived up to most industry expectations by sticking to its plan to add in another 400,000 bpd of crude production next month.

In retaliation, the White House said it would use whatever tools it had at its disposal to address the energy markets, and lashed out specifically at OPEC+ by saying the group’s inaction implied that it seems “unwilling to use its power to help global economic recovery.”

This has become the mantra of the heaviest oil-consuming countries that have felt the sting of those double-digit price increases, including Japan and India.

But OPEC is still advising caution lest production get too far ahead of demand. “We are not out of the woods yet” Saudi’s Energy Minister said on Bloomberg Television last week.

The United States, Japan, and India would disagree.

By Julianne Geiger for Oilprice.com

[landover bricks oil] 08/11/2021 21:03

Bigdog's radio rental. Needs sectioned.

[lespadge] 08/11/2021 20:37

As are you Big dog...A constant bully and a liar.. But you're paid to be here, so post away..

[goatcam] 08/11/2021 19:46

Bigdog, your personal attacks are boring and you just make yourself look more and more like a hobnob with every post.

[bigdog5] 08/11/2021 19:39

Of course h7 can't back up his statement. All he ever does is make up lies about posters, invents BS about what they're supposed to have posted and has mislead his fellow clueless rampers with his tales of rubbish for ten years. He's a total fraud.

[nestoframpers] 08/11/2021 17:41

Monthly from 2017

[goatcam] 08/11/2021 17:12

I’ll need a wheelchair the day after the Takeover Party!

[spark plug] 08/11/2021 16:51

Good start to the week - let's hope it continues - getting older by the day - need a result before I need a wheelchair!

[hydrocarbon1] 08/11/2021 16:37

16:35:14 210.00 84,122 176.66k UT