This share has been the worst nightmare of all my investments, nobody else to blame but myself obviously. Have been a holder for quite a while, but continued to be quite optimistic! However this optimisme has totally disappeared and I am wondering what everybody his opinion is here. The oil price is uncertain, but even if the oil price goes back up towards 40-50 then the KRG still has financial problems that will not solve quickly. The kurds are not being supported financially by the international community and unfortunately this will not happen anytime soon. Big holders are selling out, other large shareholders are not adding positions. Management has relatively little exposure and are not adding! Etc, Etc.....it is very very cheap on an EV/reserves base but then a company needs to get fully paid for its oil and that will not happen anytime soon. A lot has been written about potential M&A value, but the major oil companies are not interested and certainly not now that the Iran market is opening up! To make a long story short.....what is going to put this shareprice higher because lately the shareprice has been weak even as the oilprice stabilised or went up!
Boyobach, would you be so kind to provide us with a link of this news? I cant find anything about this on KRG/MNR website!
wow, thats quick because litterally half an hour ago his name was still on the website but they have deleted it now!
How can we find out whether the loan news is really true? I guess its on arabian news sites, but unfortunately I dont speak or read Arabian. Because if this is true it would be major news! I would want to buy all the shares I can get my hands on in that case....
Zorsupas...I can imagine the bearish stance, nothing wrong with that. But lets please stay with the facts here. The statement for november payments is on paper, so there is no denying there. Also, most of the Genel oil flows through pipelines and the trucks that were bombed were in ex-Syrian territory. Unfortunately I have to agree though that november export figures will be bad, which can also be seen at DNO's statement yesterday that the current production lies 50bpd under peak this year.
Unbelievable this stock......how is it even possible....it rises from 200 to 230 in 4 days, after which all gains are given back in 3 hours with so little volume....this surely must be manipulation!!
I am also curious about opinions of fellow investors. I have mixen feelings as there is little information about new africa global energy!
never mind, I already found it in prior press releases.....russian billionaire Vekselberg has added to his stake!
anybody know who is begin Lamesa Holding? Is that a company affiliated to the russian Billionaire whom recently bought a stake?
entered the same trap, but I cant imagine this being the case and I certainly hope it is not