GKP

Fundamentals?!?!
Never heard of that!! lol....

What i will say is, if one was following Fundamentals, with regards to GKP... you can sure, more than likely they'd be well under water atm.... imho...
Or sold at a serious loss.... just my honest opinion...

Regards,
Trendfriend

The thing is TF on that logic ... then the mischievous suggestion might follow that any rise to 117 or beyond can only be based on the buying of...er...chartists or the over hopeful... aka the deluded. Because no fundamental based investor working rationally at least will trust the rise. Any rise is not underpinned by fundamentals in the sense of solid earnings etc... can only be based on hope that such will materialize in the future ( like a T/O based on fanciful valuations) and if this is over optimistic then inevitably the price retraces all the way back again.

Perhaps all non earning Aim shares are in this condition. One is actually following the waves and dips of sentiment alone.

As for "Non earning" a second (of what hopefully will be regular payments)from the KRG is imminent and as they owe some £250 million there must be quite a backlog of payments to come, perhaps they could fund the pipeline on behalf of GKP?

There is the £400K monthly reduction in costs that will come from using their own produce for energy uses on plant.
A trial has already happened with Fishkhabour pipeline entry point for Shaikan crude which is only 100Km away as opposed to the 1000K away the current market point (Turkish Cost). Quite a reduction per barrel when this comes off.

Oh and we will have an RNS this week (maybe next) on the 40K bopd production (increase from 23K).

Put this in with the "never been better" political arena (KRG and Baghdad agreements - this would leave only the Oil & Gas law to sort), Budget seems to be agreed and will be formalized soon) and you have the best backdrop "fundamentally" for GKP ever.

Fundamentals having nothing whatsoever to do with charts; they merely compliment and substantiate what the charts are telling us But it is incredible how the two often collide in mutual harmony

I'm pretty much looking at the same thing as the last chart I posted, which is the same thing Ade McG is looking at, we're in minor waves of the 3 i'm not sure if today was i or we've had i at 69p, too early to say, indicators up though. Diver - quick question, why do you have low of 42.25p
labelled (b) and Wavesurfer has (II) potential bottom of supercycle? Can you post a zoomed out chart so I can see your counts by any chance?

Thanks in advance.




screencast.com/t/9J8bT79YLB

P.S Diver I tried the dimensions you mentioned for screen resolution but looked the same and I couldn't read notes I'd put on! Hence the edit and added link.

PPS - here's WTI crude chart, I've looked at a few charts and they suggest a correction up from these levels before another leg down mid next year - they mostly suggest we're at bottom of wave 3 down so wave up for correction through first half of next year before last leg down. Here's a trendline chart with no counts - screencast.com/t/Y7hqhmihTx

Laters

Sorry, but i find the notion that you can save 400k on monthly field energy costs totally ridiculous. Pure fantasy IMO on several levels. Are they sending power to Erbil lol.

AdeMcG wrote: As for "Non earning" a second (of what hopefully will be regular payments)from the KRG is imminent and as they owe some £250 million there must be quite a backlog of payments to come, perhaps they could fund the pipeline on behalf of GKP?

There is the £400K monthly reduction in costs that will come from using their own produce for energy uses on plant.
A trial has already happened with Fishkhabour pipeline entry point for Shaikan crude which is only 100Km away as opposed to the 1000K away the current market point (Turkish Cost). Quite a reduction per barrel when this comes off.

Oh and we will have an RNS this week (maybe next) on the 40K bopd production (increase from 23K).

Put this in with the "never been better" political arena (KRG and Baghdad agreements - this would leave only the Oil & Gas law to sort), Budget seems to be agreed and will be formalized soon) and you have the best backdrop "fundamentally" for GKP ever.