2992 days ago
On the surface it seems like good news once again - as has been the case since September 2015 - the KRG has agreed to hand over $15 million ( $12 million net) to Gulf Keystone (GKP) in fact today's RNS is a disaster.
3190 days ago
Bombing attacks by Turkey on their kinsman, ISIS chopping off heads of their soldiers? A record heatwave in the region killing the old folk and kids? A war on three fronts? Bugger that, these are but trivial issues for the Government of Kurdistan, top of its agenda is protecting the wealth of Bulletin Board morons who own shares in Gulf Keystone Petroleum (GKP). Well that is what flip flop Ben Turney, Paul Curtis and other bulls of this stock want you to believe. They are wrong.
3548 days ago
Ben Turney today suggested that US intervention in Iraq would see Isis beaten back and is thus an opportunity to buy Gulf Keystone (GKP) and Genel. He cites some curious examples to back this thesis up.
You can read Ben’s piece HERE and my piece over the weekend explaining why Kurd oil stocks are a sell HERE.
Where Ben is mistaken is in thinking that we will see prolonged US involvement. Obama does not want that. Sure the Islamofascists may be driven out of Kurdistan pro tem. But they will simply retreat to Sunni dominated area of Iraq where ISIS is popular and to Syria where the US WILL NOT pursue them. And the Kurds will not advance into hostile territory so ISIS will regroup in safety.
