Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
Adam Montana

Adam Montana Weekly 26 April 2019

Recommended Posts

Good morning DV!

 

The sun is shining most places and it's a great day to be here!

 

No major updates on the dinar, but that's not discouraging in the least. If you check my last couple weekly updates, and then compare to the news posts over the last week, you'll see that we're simply tracking on a positive course.

 

All good stuff, my friends! :twothumbs:

 

VIPs, there is a new post up for you in the VIP section: 

 

I also sent out an email yesterday to all VIPs. If you're in VIP, and you did not see that email in your inbox, then it went to your spam or promotions or some other email destination... it's up to you to fix that! I can't control your email inbox, and we don't want you to miss important updates, so take a minute to ensure DinarVets emails are landing in your Primary inbox and you'll enjoy the peace of mind that comes along with that.

 

:pirateship:

 

One last thing - in that VIP post, I mentioned an upcoming OSI post. After sleeping on it last night, I am going to save that post for during Ramadan. 

 

That's it from me for today - let's use this thread for Q's from the members for my next update. The current news trend is really positive and I have a suspicion that I'll be doing more than one update next week.

 

GOOOOO RRRRVVVVVV!!!!!

 

:tiphat: 

 

 

  • Like 3
  • Thanks 7
  • Upvote 2

Share this post


Link to post
Share on other sites
35 minutes ago, arvee4me said:

I am loving all the positive news I am hearing.  Can't wait for that final e-mail!  Thanks Adam.

 

 

As long as you’re VIP that “final” email will just be the beginning :twothumbs: 

  • Like 3
  • Thanks 5
  • Upvote 1

Share this post


Link to post
Share on other sites

Hmmm.....not addressing the OSI info until Ramadingdong?........aren't you the one who says nothing ever happens during that illustrious event.......that leads us to mid June.....time to take a vacation or a long nap....    CL

  • Thanks 3
  • Upvote 3

Share this post


Link to post
Share on other sites
2 minutes ago, coorslite21 said:

Hmmm.....not addressing the OSI info until Ramadingdong?........aren't you the one who says nothing ever happens during that illustrious event.......that leads us to mid June.....time to take a vacation or a long nap....    CL

Noticed that, too, CL.  Unfortunately, apparently there was no major HCL news.  But, hope springs eternal.  We still have a week!!

  • Upvote 3

Share this post


Link to post
Share on other sites

Baghdad, Kurdistan to discuss oil disputes, 50 percent bpd boost in Kirkuk

48 minutes ago
 

http://www.kurdistan24.net/en/news/8a616b3b-8f4d-4df6-ae01-479391adf9e0


Baghdad, Kurdistan to discuss oil disputes, 50 percent bpd boost in Kirkuk
An employee works in an oil field in Iraq. (Photo: Archive)
 

ERBIL (Kurdistan 24) – A delegation from Baghdad will soon meet with officials from the autonomous Kurdistan Region to discuss disputes related to oil exports and other budget agreements, Iraq’s Oil Minister Thamer Ghadhban said on Thursday.

Ghadhban also stated that his ministry had conducted research to boost oil output capacity from Kirkuk Province's oilfields by 50 percent of the current level, Reuters reported.

Earlier this month, the Iraqi official visited Kirkuk and said that the Iraqi federal government would build a refinery in the province that would boost barrels of oil per day (bpd) that Kirkuk is able to produce.

“The ministry has put the final touches on building an investment refinery in Kirkuk with a capacity of 150,000 barrels per day and according to the latest international standards,” he said.

Exports from oil fields in Kirkuk to Turkey’s Ceyhan port rose to 99,000 bpd in March, from 63,000 bpd the month before, according to the ministry’s statement.

The disputed province, claimed by both the Kurdistan Regional Government (KRG) and the federal government of Iraq, has some of the oldest and largest oilfields in the Middle East.

Since 2014, Kirkuk’s oil was exported through the Kurdistan Region to Turkey. However, the shipment was halted after the military takeover by Iraqi forces and Shia militias in the province on Oct. 16, 2017. On Nov. 16, 2018, Baghdad restarted exports of Kirkuk oil to Turkey through the Kurdistan Region’s oil pipeline at a rate of around 50,000 bpd.

Iraq is the Organization of the Petroleum Exporting Countries’ (OPEC) second-largest producer just after Saudi Arabia and currently has an output below its maximum capacity of nearly five million bpd.

In early January, Baghdad reaffirmed its commitment to cut annual oil production as per an agreement between OPEC and additional non-member states such as Russia – known together as OPEC+ – to curtail global supply and bolster prices. 

Edited by 6ly410
  • Like 1
  • Thanks 1
  • Confused 1
  • Upvote 2
  • Downvote 1

Share this post


Link to post
Share on other sites
13 minutes ago, coorslite21 said:

Hmmm.....not addressing the OSI info until Ramadingdong?........aren't you the one who says nothing ever happens during that illustrious event.......that leads us to mid June.....time to take a vacation or a long nap....    CL

Was thinking the same thing when I read that line. 

  • Thanks 1
  • Haha 2
  • Upvote 2

Share this post


Link to post
Share on other sites

Holy Moly! I know Adam didn't call out a date or anything but I REALLY liked this " The current news trend is really positive and I have a suspicion that I'll be doing more than one update next week"  Reading that blurb certainly got my attention as we wind this journey down. Thanks for all that you put into this Adam! Go RV!  

  • Upvote 4

Share this post


Link to post
Share on other sites
53 minutes ago, coorslite21 said:

nothing ever happens during that illustrious event.......that leads us to mid June.....time to take a vacation or a long nap....

 

Investing In Dinar Should Come With A Warning ! :o 

 

No Caption Provided

 

:D  :D  :D 

  • Like 1
  • Thanks 1
  • Haha 8
  • Confused 1
  • Upvote 1

Share this post


Link to post
Share on other sites
5 hours ago, coorslite21 said:

Hmmm.....not addressing the OSI info until Ramadingdong?........aren't you the one who says nothing ever happens during that illustrious event.......that leads us to mid June.....time to take a vacation or a long nap....    CL

Agree with your comment coorslite21,

Iraq is moving forward but still has a lot of work to do.... nothing gets done

in ramadingdong 😂

- government is not fully seated 

- financial inclusion started yesterday 

- third review IMF-SBA third quarter 2019

- e-governance project still in the work

- HCL and Art 140 in discussion 

- rampant corruption 

- Census 2020

- private banks in Iraq are still far from the banking business

-They haven’t started to develop private sector yet.

 

iraq needs an economy that can support a higher value of the IQD... they’re not there yet.

 

like you said CL21..... time to take a vacation or a long nap.

 

Go iraq 

Go reality 

Go work to do

  • Thanks 7
  • Haha 1
  • Upvote 3

Share this post


Link to post
Share on other sites

Laid Back

  • Om sai Ram
  • Laid Back
  •  
40 minutes ago, Laid Back said:

like you said CL21..... time to take a vacation or a long nap.

 

And This Is Coming From Our Resident Long Nap Expert - Hammock Boy ! :o 

 

Power NAP!. This is the real .. Fake and gay!

 

:D  :D  :D 

  • Like 2
  • Thanks 1
  • Haha 2

Share this post


Link to post
Share on other sites

Agree with you LB, I keep checking and hoping but it

looks like another wasted year. 

namaste..

  • Haha 1
  • Confused 3

Share this post


Link to post
Share on other sites
8 hours ago, DinarThug said:

Laid Back

  • Om sai Ram
  • Laid Back
  •  

 

And This Is Coming From Our Resident Long Nap Expert - Hammock Boy ! :o 

 

Power NAP!. This is the real .. Fake and gay!

 

:D  :D  :D 

Clown🤡 you crack me up👍🏼😂

5 hours ago, wildeman said:

Agree with you LB, I keep checking and hoping but it

looks like another wasted year. 

namaste..

wildeman, thanks for your input,

In my opinion its not another wasted year.... I see a lot of progress in different areas

but still work to do.

 

Go RV sooner than later 

Go $1:1

  • Like 1
  • Haha 1
  • Upvote 1

Share this post


Link to post
Share on other sites

Is it time to dust off the sleeping bag,and get ready to camp out in front of the bank? :lol:

  • Upvote 1

Share this post


Link to post
Share on other sites

"I am going to save that post for during Ramadan."

 

Yep. It's looking more like August again. Hopefully, THIS August!!! 

  • Haha 1
  • Upvote 1

Share this post


Link to post
Share on other sites

 

Kurdistan Region pays Gulf Keystone nearly $15 million for January oil share

By Rudaw 2 hours ago 
398Views
Kurdistan Region pays Gulf Keystone nearly $15 million for January oil share
An employee works at an oil facility in the Kurdistan Region. File photo: Rudaw
ERBIL, Kurdistan Region – The Kurdistan Regional Government (KRG) has made a gross payment of $14.7 million to British oil producing company Gulf Keystone for the sales it made from Sheikhan field in January.

“Gulf Keystone confirms that a gross payment of $14.7 million ($11.5 million net to GKP) has been received from the Kurdistan Regional Government for Shaikan crude oil sales during January 2019,” a statement released by the company on Friday said.

Gulf Keystone Petroleum operates in Sheikhan field in the Kurdistan Region of Iraq’s province of Duhok, which currently produces 40,000 barrels of oil per day.

The company first discovered Sheikhan field in 2009, which has plans to boost its daily production of crude oil in the field to 55,000 barrels per day. Overall production from the field has now exceeded 40 million barrels, the company says.

Other companies have commended the KRG for making timely payments as it recovers from the economic crunch. 

During the past four years, the KRG was unable to make a regular and timely payments to energy companies operating in the Kurdistan Region due to its overstretched financial resources allocated partly to fund its war with the Islamic State (ISIS), accommodate an influx of refugees from Syria and displaced persons from Iraq, as well as its budget share cut by Baghdad in 2014.

Following its budget cut by the federal government, the KRG started to implement an unpopular salary-saving system that paid employees only a portion of their salaries. The system was rolled back following the passage of Iraq’s federal budget for 2019 that saw the Kurdistan Region receive a share in order to pay employee salaries.

Nearly 1.8 million Syrian refugees and internally displaced persons (IDPs) turned to the Kurdistan Region to seek shelter after the Syrian conflict exacerbated and the jihadist group swept through Iraq and took large swathes of territory in the country.

Now that relations between the KRG and Baghdad have improved, the KRG is in a better position to regularly pay oil and gas companies working in the region. And this will create better conditions for oil and gas companies to invest more in the region, helping Erbil recover from the financial setbacks of the past four years.

Brent Crude Oil traded at $72.15 per barrel on Saturday, according to the Financial Times — down from just over $74 on Monday when US sanctions targeting Iran’s Islamic Revolutionary Guard Corps went into effect.
 
  • Thanks 1
  • Upvote 3
  • Downvote 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.



  • Similar Content

    • By Adam Montana
      It's 9/11/19... never forget.
       
      I have an update, but it won't be posted till tomorrow.
       
      In the meantime...
       
       
       
      ================
       
      Good morning all!
       
      12 September, 2019 as I'm editing this post.
       
      September 11 is always a tough day for me personally... Like many of you, I remember exactly where I was. What I felt. How deeply I and my fellow Americans and indeed the world were affected on that day. 
       
      As important as the Iraqi Dinar RV is to many of us, I simply could not bring myself to post anything other than my heartfelt remembrance yesterday.  My heart, prayers, and thoughts will always be with the many who were affected on that day years ago - but today is a new day, and while I/We will never forget... we must move forward.
       
      As we move forward, to the present day, where so much has changed and yet so much has not, there is another situation that is taking a lot of my time right now - the devastation left by Hurricane Dorian, particularly in the Bahamas. I've been personally involved with some relief missions over the last week, and I'm continuing to work with a couple of groups that are dedicated to helping the Bahamians long after this current disaster is out of the News. This community has came together in the past to accomplish some amazing things (remember TFYC for Dominica?), and I have confidence that I'll be able to reach out for your support in a couple weeks when I've solidified some things I'm currently working on. Just like our relief efforts for Dominica, I will be personally ensuring that any dollars this group donates will be put to the most efficient possible use, with 0 waste. 
       
      On to the Dinar!
       
      WTI OIL is currently at 54.94 - I don't think I've ever seen an easier chart to read. This is what we call "stabilized":

      It's been some time since this came up in the news, but I believe it was about 5 months ago I made mention of Saudi Arabia working on playing nice with Iraq again... and what they have to gain by doing so. Saudi Arabia couldn't be bothered to give Iraq the time of day 10 years ago... now, they are changing their tune:
       
       
      Other news that's positive - CBI, IMF, GOI are all active. We are not in one of those vacation-day lulls. Overall, it looks like things should start moving... right in time to hit a mid-September spurt.
       
      That's it for now! Stay positive, stay safe, be well everyone, and of course
       
      GOOOOO RRRVVVV!!!!!
       

       
      - Adam
       
      P.S. It seems fitting to throw one of these in here:
       
      Arrrrg!  
       
    • By Adam Montana
      Good morning all!
       
      Our hearts go out to those affected by Hurricane Dorian. Although it ended up being a much smaller disaster than it could have been - the weather over the last week has still been disastrous to many.
       
      The people of the Bahamas have been hit hard. Seriously, folks... 
       
       
      Anyone wishing to help may want to take a look at this page: https://www.bahamas.com/relief
       
      On to Dinar!
       
      I'll start with the basics. OIL has flattened out around $56. This is key to the coming weeks, where HCL is expected to be a key topic. If OIL was going nuts, we couldn't expect any solid HCL progress.
       
      Next - delays, holidays, corruption, oh my! 
       
       I can't help but notice occasionally as I'm reading the news out of Iraq that people tend to get bent out of shape when they see words like those. There are times when I read the news and I think "this isn't going to help" - but there are other times when we can see a story and even though it uses the words "delay" or "holiday" or (*insert anything here), that doesn't mean "all is lost".
       
      I think it's more important to have a "big picture" mentality. If you adopt that, you'll realize that the more news we are seeing about "Oil and Gas", which is precisely the topic we want to hear about... the more we hear about it, the more we are going to see the words "delay", "issues", etc.
       
      My point is that if we are hearing those words more than we usually do... this is actually a GOOD thing.
       
      It means they are paying attention, my friends. It means they are actually working on the important stuff.
       
      That's enough to make me happy on this particular Wednesday.
       
       
       
      Cheers, to getting closer to the last time we care about how much they mention their "holiday" schedule!
       
      GOOOO RVVVVVVV!!!!
       
      - Adam
       
      P.S. Let's all give a little root for this one:
       
       
       
       
    • By Adam Montana
      Wednesday Wednesday Wednesday!
       
      Hello everyone, thanks for tuning in. Sometimes I can hardly wait to get to work on the weekly update - and most of those times, life just gets in the way. Like this week  
       
      The following was posted Friday (cheers @yota691), and it’s the start of the news I recently mentioned I want to see:
       
       
       
      The topic at hand is quiet simple - OIL. The above article (and the handful of posts that followed it) weren’t necessarily about the “price” of oil, but the contents are certainly affected by the price of oil.
       
      Let’s dive into that a little - earlier this year, I personally set a target of $60 (WTI) that I felt was necessary before Iraq would feel confident enough to start moving on a significant change in the exchange rate. (“RV” is short for “ReValuation”, which will be a significant change in the exchange rate… for those of you new to the situation ) 
       
      We saw almost no HCL news prior to the $60 mark, and then it started to come out in the news. That meant the Iraqi Parliament was working on items that are necessary to accomplish a finalization, and that is a key component to the RV.
       
      Back to OIL, the WTI, and the news articles that correlate… take a peek at this super high-tech graphic:
       

       
      This WTI chart shows the approximate time WTI hit $60, and we know that OIL news had been scarce in the time prior to that. Articles related to HCL started popping up. The price of OIL actually went up too high, in my opinion, because once it dropped off - so did the news articles related to HCL. 
       
      A lot of things contribute to the price of OIL, the world economy, and everything else that can have an impact on when Iraq decides to raise the value - this is just one of those things, but I believe it is a major component.
       
      Now that we’re seeing a bit of stability return, and the price resuming a possible upward trend, we have the previous articles and also this:
       
       
       
      Lots of people are saying September is looking good. I am leaning toward agreeing.
       
      Time, and hopefully not much of it, will tell.
       

       
      Discuss below - feel free to add your  
       
       
       
      - Adam
       
       
       
    • By Adam Montana
      Happy Friday all!
       
      I'm just going to give everyone a brief... briefing. 
       
      You know anytime the Gurus start harping on the "800" numbers, the news is slow. This time is no different... we've heard nada about anything HCL related in about a week.
       
      Bad news - we haven't heard anything HCL related.
       
      Good news - once we DO hear something about HCL, I think it's going to be an avalanche.
       

       
      That's it for the briefing! Told you it was going to be brief  
       
      Good vibes over in the "Go Iraq" thread  - I'd suggest hanging out with that crowd rather than the rest of the dinar rumors section, but that's just me.  
       
      Cryptocurrency is a topic of major interest to many of the members here... we have a dedicated section in the VIP area for it, but let's open this weekly update thread up for anything you want to say regarding crypto. BTC is currently at 10,400 ish, which is the current high for the day. Some pretty interesting news for crypto is on Baakt:
       
       
      Link: https://www.coindesk.com/bakkt-says-its-cleared-to-launch-bitcoin-futures-next-month
       
      Thoughts?
       

    • By Adam Montana
      Good day all! Today is Wednesday, 14th of August 2019.
       
      Last week we had some good comments - let's keep that going this week.
       
      We are at the end of Eid al-Adha, but that's not a holiday that brings business to a complete screeching halt like Ramadan. There is a lot of movement regarding the HCL, like the article below... I feel like handing out some awards this morning!
       
      Two trophies go to @DinarThug - one for the hilarious crypto related GIF, 
       
       
      ... and the next for a solid HCL related article:
       
       
      @Pitcher takes a medal for the solid GOLD post:
       
       
       
      This Iraqi dinar RV really looks like it's in the final stages, like the last swirling bits of something being poured through a funnel.  
       
      In your opinions, what's upcoming on the Iraqi RV schedule?
       
      Comment below and let's hear what the group has to say on important upcoming events... there aren't many left.
       
      GOOO RRRRVVVV!!!!
       
      - Adam
       
      P.S. If you subscribed to the brew's free newsletter, you'd already know about this salmon cannon... nothing makes my morning (check out the first response to that tweet) like some unnaturally flying fish!
       
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.