OTCPK:WSRLF - Post by User
Post by
uLYSESSon Aug 28, 2014 11:04pm
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Post# 22888517
gibbonsj is right
gibbonsj is rightLet's all be logical here .... gibbonsj is right ....
Title/Rights to the asset itself are shaky ...
You have a militant army some 30-60 miles away +/- ... probably being held at bay-for the most part-by the US Air Force ....
Operations are suspended, production is delayed ... and payment plan for oil still shaky/up in the air-
The fact that the price has held up to some extent is good ... but maybe one would be overpaying now, as gibbonsj suggests ...
Maybe ... ISIS is finished off in six months who knows?
Perhaps the root of all this is the fact that the Iraqis couldn't manage the country, can't get along, can't man an army, couldn't compromise on an oil and gas law .... lawlessness is never good -
that is why we all got ****** since July, 2008 with the best penny stock investment in the world ... ask Soros (out?) and Paulson (in and still dreaming of mega profits and a 10 bagger some day)
Bit dissapointed in the TLM/Repsol news ... but maybe that saga is just another head fake and Respol buys some assets on Monday or a few weeks from now ...Keep buying TLM-this will be gone one day-just like Nexen ... it is its clone, but more international ...
One thing is certain-Respol has no interest in buying the Kurdimir at this juncture, IMO .... what does that tell you?
ulysess