Jordan Flannery
Contrarian, arbitrage

A Fractured Iraq Should Benefit Genel Energy

Executive Summary
Recent conflict in Iraq will lead to an increasingly fractured and factionalized country, which will create a unique opportunity for the Iraqi Kurds to gain further autonomy and possibly create their own state. This will benefit the Kurdish oil industry tremendously, including Genel Energy (OTCPK:GEGYF), which is a key oil producer in Iraqi Kurdistan. Genel Energy is a well-capitalized firm that has tremendous potential to grow their production and bottom line through their drilling program. Additionally, Kurdish independence from the Iraqi central government would permit the large scale export of Kurdish oil, which sells for a discount of roughly 30-40% in the local market compared to international oil prices.

Recent Developments In Iraq Are Vitally Important...

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