Gulf Keystone Petroleum Share Discussion Threads

[steephill cove] 08/6/2024 10:23

For me, if the 🕰️ ticks to less than 1 year left on the ITP independence it’s lights out Vienna for Iraq.

The Kurds will see out the final 11 months on a point of principle ✅💪

That deal has to be done now.

Iraq are in the last chance saloon 🤠

[hydrocarbon1] 08/6/2024 10:14

Exactly, over a decade instils this in us here. I have been negative in recent times here but believe good returns to be made .

[steephill cove] 08/6/2024 10:13

Habshan, the key difference this time is the ticking 🕰️ until they dont earn any money from the ITP & Kurdistan oil sales FOREVER ⌛️€170;

And still have to pay $0.7BN per month FOREVER to the Kurds for salaries from Iraq oil sales 💥🥊

[habshan] 08/6/2024 09:53

"Hab I hope you are correct"

But one thing that we need to remember, and it's a big but, is that the minds of Iraqi politicians work in very mysterious ways.

As we've seen over the years they don't think the way logical and rational people think, what guides their thought processes is emotion.

Which is how they got themselves into this fix in the first place.

Let's see what happens but getting them to back down which is what needs to happen if the constitutional contractual and legal rights of the Kurds and IOCs are to be secured will not be easy.

Their massive egos arrogance and sense of honour won't allow them to go down without a fight.

[hydrocarbon1] 08/6/2024 09:24

Hab I hope you are correct, I added a couple yesterday but actually not that easy to get. I would like to see £2.00 then £3.00 in next week if all as rosy as professed.

[habshan] 08/6/2024 07:13

"Kurdistan Region has a total of 1,114,194 civil servants with a total monthly salary of 913 billion dinars."

That's $693 million a month that the "Supreme Court" has ordered the Federal Government to pay and not use it as a way to blackmail the Kurds over the oil issue.

In one fell swoop the ICG lost their biggest lever and were hit with that huge bill which is coming out of Basra oil.

Meanwhile the Kurds are at maximum production and selling it to anybody and everybody.

So they're losing $1 billion a month in lost oil sales by keeping the pipeline shut, having to pay $693 million in salaries, and are being fined $800k a day by not using the pipe.

That's $1.7 billion a month or over $20 billion a year, talk about painting yourself into a corner.

Absolutely brilliant, what a strategy, the whole world must be laughing at them.

No wonder they've asked for an emergency meeting, they've made themselves look ridiculous.

Fingers crossed for tomorrow.

[highlander7] 08/6/2024 04:45

The ICG made a serious miscalculation in this whole pipeline issue and now has had to increase its overall budget by around $10 -15 a billion a year to compensate.

It thought it could crush the Kurds once and for all and bring Kurdish Oil Companies to heel and has failed on both counts.

Which is why I am more confident this time that a solution is possible.

IMO

[highlander7] 08/6/2024 04:28

john@john78846295: 11h

Previous known short Qube Research & Technologies creeps back above 0.5%. Most likely due to them hovering below declarable level at 0.49%, and with share buy back programme reducing overall number of shares, pushing them back to declarable level.

[ptmorris1] 08/6/2024 02:35

Didn't think of that, thanks C_G.

[confused _gerbill] 07/6/2024 23:24

There's been a suggestion that as stock has reduced, it's bushed their percentage up a fraction into a reportable figure, or perhaps they're optimistic 0_0

[ptmorris1] 07/6/2024 22:33

Is it me but why would Cube want to short a stock in this potentially great position?

[confused _gerbill] 07/6/2024 17:40

GoassDoor review of Qube Technologies.

Buy they did make £11.4 million profit last year 🤭

Pros

The pay is competitive and the lack of management or controls offers you a lot of flexibility into doing pretty much anything you want. You won't get fired even if you perform dismally or don't even bother showing up to work. They'll hire you even if you have red flags and other quant shops wouldn't want you.

Cons

Incredibly toxic culture, management only cares about maximizing their own payoff and this permeates everywhere in the structure as years go by. Retention is very low and only the original employees benefit from the structure. The fund relies on a couple of key people but isn't doing anything to genuinely change that despite saying otherwise.

[habshan] 07/6/2024 17:25

Could well be, good point.

[kris akabusi] 07/6/2024 17:18

% risen as less shares in the market after buybacks?

[habshan] 07/6/2024 16:53

Qube have sold 66k shares, increasing their short from 0.47% to 0.5%.

Qube Research & Technologies Ltd. - 0.50% +0.03% 6 Jun 2024.

[shortsqueezer] 07/6/2024 16:48

Indeed it does. And there just may be a reason for that. Meanwhile it keeps the traders away. I'm more than happy about that.

[radfordp] 07/6/2024 16:45

Well well,

I was expecting abit more volume and share price upwards movement than that??

GKP always refuses to follow logic!!

[redbed] 07/6/2024 16:24

Peel and cannacord are market makers.The stabilisation program pre takeover would have been known to them for months prior to its announcement.This is all stage managed.They probably bought a few million off retail march /April, may.And now selling them to the company at a profit.Lol

[shortsqueezer] 07/6/2024 16:17

There will always be a few sellers for whatever personal reasons but they are getting less and less. All LTHs will not be budging. Nor will the Instis. An intriguing impasse n'est pas ?

[gazebo79] 07/6/2024 16:11

125000 shares controlling the share price.bonkers when you think about it. Good but bonkers. Who do these shares come from is the question

[shortsqueezer] 07/6/2024 16:03

If so he has chosen a very apt username lol

[redbed] 07/6/2024 15:57

It does appear that 125k a day is the diet.That's 5 0r 6 days on the trot