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Is the dire situation in Iraq a chance to average into Kurdish oil stocks?

By Ben Turney | Monday 11 August 2014


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I’ve spent a little time this morning wondering how I could write about events in Kurdistan. It is horrible hoping to profit out of human suffering, but I’ve had to remind myself the market is amoral. It simply reflects the good and the bad of our society, for better or worse. I’ve chosen to be a market commentator and it is more than probable that if you are reading this piece you’ve chosen to buy stocks. However we might feel about what is happening in the world, in this aspect of our lives our goal is simply to grow our wealth by as much as we can. Fear often leads to the best buying opportunities. It is generally a costly mistake to ignore this. The precipitous drop in the value of the various companies with Kurdish oil ventures could prove to be a significant opportunity for anyone who believes in the long term viability of these operations.


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