OTCPK:WSRLF - Post by User
Post by
vultureon Apr 16, 2014 1:44pm
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Post# 22459284
New Highs?
New Highs?Depends on what your interpretation of a new high is. If you mean above $1.50 dont hold your breath. The market appears to be sceptical regarding the politics after so many false dawns regarding an Oil Law and a solid payment system which applys to all companies in Kurdistan. The upcoming election is crucial . If Maliki and Sharistani are still at the top of the Baghdad ladder after the election, then I will put my Kurdish investments in a bottom drawer and file under " Someday ".
If on the other hand there is positive change at the top, I would expect things to move very fast for the companies that are prepared for such an event as pressure for such change has been building for sometime. For the greatest potential, the Oil Law is key, and any concrete steps in this direction I believe would lead to rapid TOs of all the E&P companies. Just remember very fast in Iraq has a different meaning than in the West.
IMHO.