Gulf Keystone Petroleum Share Discussion Threads

[0ili0] 27/7/2022 10:25

You do need a thick skin for ADVFN and a good sense of humour 😂🤡🤡🤡

[sbb1x] 27/7/2022 09:54

Gap to fill @237 see thst happening once all that dividend money starts dropping friday. Boom

[attyg] 27/7/2022 09:13

From Q2 Pulse Report - Forex Live


"Short-Selling Has Found Its Way To Commodities
Alongside shorting of major indices around the world, both the FX and commodities markets have seen a similar trend in the widespread launch of short trades. Focusing on commodities, the oil market has been the center of attention when it comes to this trading strategy, with 41% of all oil CFD’s traded on Capital.com being shorted, as discussed by the Pulse report. This increase is staggering when compared to Q1 of 2022, which only had oil shorting at 6%.

Oil has had a tumultuous two years, having increased in price by over 500% since its lows in April 2020. Even within 2022 alone, oil rose by 70% due to Russia’s invasion of Ukraine, seeing this growth over the first three months of the year. With these increases in mind, more traders are moving to establish short positions in oil, with the expectation being that oil has to come back down eventually.

Commenting on oil, Jones suggested that “If inflation continues to pressurize the world economy, then that could further feed through to weakness in the oil price”. It seems that oil market has become overheated due to recent global events, with this high price threshold being unsustainable in the long run."

FWIW, my view is that the structural issues facing oil are that the oil price will remain above $100 for, what, a year at least, however, there is clearly a weight of money betting against this. Mind you Warren Buffet is betting fairly big that oil is going to be cash generative for a while yet - I'm happy to follow Warren Buffet

[highlander7] 27/7/2022 09:05

Sounds like some one has seriously managed to wind Sarah up.

You try and fly anything over an operating process plant in Kurdistan and you will in all probability be shot or at the very least arrested.

LOL

H7

[giant_canine] 27/7/2022 08:57

filtered FFS :)

[beernut] 27/7/2022 07:58

Large Crude Draw Adds To Bullish Sentiment

By Julianne Geiger - Jul 26, 2022, 3:49 PM CDT
The American Petroleum Institute (API) reported a large draw this week for crude oil of 4.037 million barrels, while analysts predicted a draw of 1.121 million barrels.

The build comes as the Department of Energy released 5.6 million barrels from the Strategic Petroleum Reserves in Week Ending July 22, to 474.5 million barrels.

U.S. crude inventories have shed some 65 million barrels since the start of 2021, with a 2 million barrel loss since the start of 2020, according to API data.

[bumkin] 27/7/2022 07:57

Yes HSBC divi in 👍 after nearly two weeks 😤 come on MM’s, bring this down 🤞😆

[highlander7] 27/7/2022 07:42

Thankfully I bought the recent dip with the 1st dividend.

[steephill cove] 27/7/2022 07:19

Happy for them to close out their Oil short positions after Friday 29th July & our follow on GKP Dividend of 19.54p per share 🚂📈🏁🏆8077;💪ԍ15;

[highlander7] 27/7/2022 07:09

TRADERS ARE BETTING ON THE END OF THE OIL PRICE SLUMP
By Tsvetana Paraskova - Jul 25, 2022,

Money managers have started to close out short positions on oil. The oil price slump that started mid-June could be about to reverse. The disconnect between the physical crude market and paper crude market remains large.

Short sellers are closing out short positions against oil-focused exchange traded funds, while money managers have modestly increased their holdings of crude oil futures over the latest reporting week. These trades suggest that speculators, traders, and hedge fund managers may have started to believe that the 20% crash in oil prices since the middle of June could be over, and prices are set to go higher from here.

The largest U.S. oil stock-focused ETF, Energy Select Sector SPDR Fund (NYSEARCA: XLE), has seen traders reduce short interest by 14% in the past month, data from market analytics company S3 Partners cited by Bloomberg shows. XLE’s top stock holdings include the largest U.S. oil firms, such as ExxonMobil, Chevron, Occidental, ConocoPhillips, and EOG Resources.

“ETF short sellers are actively trimming their short exposure -- possibly looking for a bottom in the market and removing some of their downside bets,” S3’s head of predictive analytics, Ihor Dusaniwsky, told Bloomberg. The recent trade moves suggest that many short sellers have cashed out after betting against the fund and that there is a possibility that others are buying the dip in oil, oil stocks, and oil-focused ETFs.

Energy stocks and oil-focused ETFs were top performers in the first half of 2022 when oil prices rallied to multi-year highs after the Russian invasion of Ukraine and the Western sanctions targeting Russian oil exports.

[nestoframpers] 26/7/2022 23:19

up 9% NYSE

[shortsqueezer] 26/7/2022 19:04

Happy to help mate. Remember a lot of these sites, the prices are delayed by 10-15 minutes. That's why you are seeing the end of day auction 10 mins later.

[ptmorris1] 26/7/2022 18:49

OK, thanks SS.

[shortsqueezer] 26/7/2022 18:32

Assume that's just the end of day auction which happens every day on all shares?

[ptmorris1] 26/7/2022 18:17

I checked my II account earlier around 16:40 and it said that GKP had gone into auction. Is this usual?

[ptmorris1] 26/7/2022 18:16

@Yogi, yup he is. Saudi has said that it is going to buy the Russian oil to take the strain from oil used internally so that it can export a little more.
Which in layman's speak is what they will be really doing is selling Russian oil thus breaking Brandon's sanctions.
Edited for mong grammar.

[fardels bear] 26/7/2022 17:42

I think Sleepy Joe flogging a dead horse.

[sbb1x] 26/7/2022 17:12

*US TO MAKE UP TO 20M BARRELS AVAILABLE FROM SEPT. TO OCTOBERThe scramble to empty the Strategic Midterm Reserve to win a few extra votes

[highlander7] 26/7/2022 16:59

Bloomberg...............

Oil’s spoils

Oil is rising again as signs of a tight physical market outweigh concerns of an economic slowdown. Higher prices are flooding the coffers of Big Oil, poised to turn in a $50 billion profit in the second quarter. Majors are set to make more money than in 2008, when crude prices peaked at $147 a barrel, as well as profiting from a decline in refining capacity that’s driven up crack spreads (the difference between oil and gasoline prices). Prices are being stoked by the war in Ukraine that’s prompted the European Union to propose regulation which, if passed, would see 15% cuts in gas consumption in Europe through the winter.

[nestoframpers] 26/7/2022 15:57

background stuff

[beernut] 26/7/2022 14:44

Natural resources make up 70 percent of Kurdistan Region budget: Minister
Hydrocarbons management is one of the most contentious issues between Erbil and Baghdad. Kurdistan 24
4 Hours

a view of the Kawergosk Refinery, some 20 kilometres east of the Kurdistan Region capital Erbil, July 14, 2014. (Photo: Safin Hamed/AFP)
a view of the Kawergosk Refinery, some 20 kilometres east of the Kurdistan Region capital Erbil, July 14, 2014. (Photo: Safin Hamed/AFP)
Kurdistan OIl Krg
ERBIL (Kurdistan 24) – Seventy percent of the Kurdistan Regional Government’s (KRG) budget comes from natural resources, said the interim Minister of Natural Resources.

Kamal Mohammad made the remarks in a televised speech broadcast by government media on the third anniversary of the KRG ninth cabinet’s inauguration.

Outlining the importance of his ministry to the Kurdistan Region, Mohammad said that 70 percent of the KRG’s budget comes from the natural resources his government office manages.

He said it also provides fuel for electricity plants, costing the KRG nearly $1 billion annually.

According to the latest Deloitte report, the government pocketed over $3 billion in the first three months of 2022.

Over $1 billion of the debt owed by the KRG to oil and gas companies has been repaid during the current cabinet, the minister said.

Over 5,000 jobs have also been created in energy fields for people in the Kurdistan Region, he added.

Hydrocarbons management is one of the most contentious issues between Erbil and Baghdad.

Energy disputes were on Kurdistan Region Prime Minister Masrour Barzani’s agenda during his latest visit to Baghdad, where he reiterated the autonomous region’s constitutional rights.

[fairenough11] 26/7/2022 12:30

Great you tube video--very positive vibe.

Thanks

[fardels bear] 26/7/2022 12:22

I love curry but I hate spam.

[blackhorse23] 26/7/2022 11:47

CURY (LSE) looks cheap today compared to its revenue 10.1 billion, dividend yield 7 percentage ,