Gulf Keystone Petroleum Share Discussion Threads

[nufc9] 15/9/2022 08:25

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has completed the divestment of its 18% interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $ 155 million. An additional contingent consideration of USD 15 million is payable in the future depending on production and oil prices.

The Sarsang field, discovered in 2011, is operated by HKN (62%), with KRG owning a 20% interest. TotalEnergies' share of production was around 3,500 barrels per day in 2021.

[giant_canine] 15/9/2022 08:16

HTTPS://twitter.com/GoodnightCharl1/status/1570310129009975296?t=bxqnkDct3Y2udAKjloZs7Q&s=19

[highlander7] 15/9/2022 08:03

Buying after any agreement with the USA and KRG/ICG potentially approving the O&G Law will be too late. IMO

This is NOT buying advice. DYOR

[fardels bear] 15/9/2022 07:52

That's the biggie.

[giant_canine] 15/9/2022 07:43

Should you bid/buy after a potential agreement that the USA are forcing ( ultimately for XOM and CVX benefit).After which mcap of Kurd oilers will have rocketed.Or before?

[highlander7] 15/9/2022 05:33

Sounds like "no deal" no cash to me.

The Yanks indicated they might give the ICG the ~ $70 Billion they need for reconstruction after ISIS. They wont get that unconditionally and the EU is going to run out of oil at the end of December when they ban all Russian oil imports. ( IF they do actually ban them that is )

Events are moving in our direction IMO

H7

[nestoframpers] 14/9/2022 21:53

Baghdad are getting some adult supervision then.

[hydrocarbon1] 14/9/2022 15:35

EIA weekly report.
Latest Release
Sep 14, 2022
Actual
2.442M
Forecast
0.833M
Previous
8.844M

[sharesiq88] 14/9/2022 14:23

I didn't see that coming....

[pro_s2009] 14/9/2022 13:03

IOCs double down on Kurdistan despite legal threats

Foreign companies are putting more money into Kurdistan oil fields — and projecting increased production — despite Baghdad's legal.............

[giant_canine] 14/9/2022 12:29

More US PPI data at 130pm - so could be more volatility across the board, if they better or worse than expectations.

[nestoframpers] 14/9/2022 09:38

Nah ADVFN charts are using naff scales

[nestoframpers] 14/9/2022 09:10

A GC happened in Oct , you go by the weekly . We dont need another one ( yet , hopefully never again ).

[zho] 14/9/2022 09:10

>>Last GKP GOLDEN CROSS was Q4 2020 ...>>

Agreed. When the 50 day MA moved above the 200 day MA.

This appears to be the reverse, with the shorter term MA threatening to move below the longer term MA - a death cross:

[steephill cove] 14/9/2022 08:58

Last GKP GOLDEN CROSS was Q4 2020 which produced the stellar climb from below 70p to 2 pounds+ ✅

Zho - Toddle off to school chap you will be late if you’re not there in 1 minute. FILTERED

[zho] 14/9/2022 08:57

I think you better check out the definition of a golden cross:

[eddie47] 14/9/2022 08:54

SC. GKP must be a Chartists nightmare given the constant manipulation of the share price

[steephill cove] 14/9/2022 08:51

SMA 50 now touching the SMA200 & all that is needed is the SMA20 to dip a little further & then it’s GKP GOLDEN CROSS time when they both turn upwards on the chart ✅🚂8200;🏁ӿ42;👍💪;🤜🤛

[giant_canine] 14/9/2022 08:08

Trying to force CFD and spread betters out and discourage new buyers.They desperate for cheap stock pre takeover

[sbb1x] 14/9/2022 08:08

Another day closer to exdivi and mid terms

[jack ladd] 14/9/2022 08:04

It's Nuts.

[giant_canine] 14/9/2022 08:03

Huge spread

[jack ladd] 14/9/2022 04:45

FT article:
Opec has said the recent oil sell-off is the result of “erroneous signals” as the cartel pushes back against predictions that slowing economic growth and monetary policy tightening will weigh on global crude demand into 2023.
Oil market fundamentals were “unchanged”, the producer group argued, yet hedge funds and other money managers had continued to close out bets on rising prices in the two major oil futures contracts “amid a market narrative of worsening economic and demand outlook”.
“The paper and physical markets have become increasingly more disconnected,” the cartel said in its monthly oil report on Tuesday. “This is creating a type of yo-yo market and sending erroneous signals at times when greater visibility and clarity and well-functioning markets are needed more than ever.”
The cartel’s comments echoed those made recently by Saudi Arabia, the group’s de facto leader, ahead of the last Opec meeting in September when it agreed to cut supply by 100,000 barrels a day from October.
While “volatility and thin liquidity [was] sending erroneous signals” to oil markets, Opec+, the group that includes the cartel and other big producers such as Russia, had the means to deal with the problem, “including cutting production at any time”, Saudi energy minister Abdulaziz bin Salman said in August.
Brent crude, the international benchmark, closed August at $96.49 a barrel, having reached a high of almost $140 earlier in 2022. Prices dropped again last week, falling below $90 a barrel for the first time since February when Russia invaded Ukraine. West Texas Intermediate, the US marker, dropped to a low of just over $81 a barrel last week, its lowest level since January.

The decline had been driven by “heavy sell-offs in futures markets elevating market volatility”, Opec argued in Tuesday’s report.

Participants in major oil futures markets for Brent and WTI, respectively ICE and NYMEX, were net sellers of about 104mn barrels in the third week of August compared with the last week of July, it said.

Despite the sell-off, Opec kept its oil demand forecast for 2022 and 2023 unchanged from last month.