One for the "UPS"

GKP 102.375p
Reason : Now bouncing from a large retracement. Last Friday the CEO interview was pointing out the share price,
is well undervalued by the find of 25M barrels a day on a $30M well. The posibility of a take over it is just a question of time.

Morning all. Friday's market reports:

Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money

Sunday

Abu Dhabi is poised to come to the aid of Dubai's debt stricken-businesses, but only on a "case by case" basis, senior bankers an officials said today. Some analysts believe that a tailored rescue package is also likely to offer sweeter terms to foreign investors than to those based in the UEA. If Abu Dhabi were to overplay its hand, Dubai could still be forced to embark on a global firesale, analysts said.
Abu Dhabi poised to throw lifeline to Dubai

Any sign that Abu Dhabis support may not yet be secured could push global markets further into turmoil tomorrow, analysts said, especially if Dubais ruler maintains his silence on the crisis beyond this weekends Eid religious holiday.
Abu Dhabi will not race to Dubai's rescue

Investors are angry that the announcement was made at the start of the Islamic Eid and US Thanksgiving holidays, leaving them in the dark for days. "They won't be able to raise a penny again from the international investment community," one hedge fund manager said.
Furious investors warn troubled Dubai it will 'never raise a penny again'

Neelie Kroes, the outgoing EU Competition Commissioner, has called for banks to repay governments as quickly as possible to remove the risk of government default.
Neelie Kroes says rising state debt a 'time-bomb'

It's time to start practising chatting about house prices again, as figures showing UK property inflation heading quickly towards double digits will be announced this week. The remarkable recovery in property values will see the annual change in prices turn from an 18 per cent fall to a 10 per cent increase in less than a year.
Foundations laid for a housing recovery

Most significantly, the Bank intervened in the struggle that Yell Group, the Yellow Pages publisher, faced when it pushed through amendments to the terms of its ?4bn debt burden at the turn of November. The Bank's chief cashier, Andrew Bailey, made telephone calls that resulted in what a market source described as "gentle conversations" with creditors who were considering voting against the amendments.
Yell's restructuring heralds the return of the 'London approach'

Monday

The central bank of the United Arab Emirates (UAE) has attempted to inject confidence ahead of the markets re-opening on Monday by saying it would "stand behind" local and foreign banks.
UAE offers reserves in bid to calm markets

The liquidity measures confirmed by the United Arab Emirates' central bank on Sunday night are just the start of a slew of announcements that will attempt to rebuild international confidence in Dubai.
Operation to rescue Dubai begins

Concerns that the British economy is facing a double-dip recession grew last night as it emerged that businesses in the services sector had suffered a surprise drop in sales and as consumer confidence fell for the first time in more than a year.
Sliding consumer confidence and service sales spark fears of double dip

China is poised to vault ahead of India and become the worlds biggest gold consumer as small investors scramble to defend their wealth against inflation and a ballooning middle class falls in love with the portable bank vault of jewellery.
Chinese to become world's biggest gold consumers

Market could be worth $3tn a year but enthusiasm to place it at heart of Copenhagen is matched by growing criticism of concept.
Carbon trading could be worth twice that of oil in next decade

The Conservative party is drawing up radical plans to break up the "Big Six" energy companies in an attempt to increase competition and reduce customers' bills, setting the Tories on a collision course with the industry.
Conservatives look to break up Big Six energy firms

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In Asia today, the Nikkei was up 199.5 points at 9,281.02, while the Hang Seng
ended the morning session ahead 696.11 points (3.3%) at 21,830.61.

Crude oil traded at $76.70 a barrel on Nymex.

Gold settle at $1,173 an ounce.

Happy Monday!

G.

Opening Market Overview

GKP ( the UPS share ) 105.75p +3.50p

Director buys 2,000,000 @ 94p ...................

Director Purchase of Shares

Gulf Keystone Petroleum Limited (AIM: GKP) announces that on the 27th November
2009 Jeremy Asher, a non-executive director of the Company, purchased 2,000,000
common shares in the Company (\"Common Shares\") (representing approximately 0.41%
of the issued share capital) at an average price of 94p per share, through Agile
Energy Limited (\"Agile Energy\").

Agile Energy is a Channel Islands company owned by the Asher Family Trust, of
which Jeremy Asher is the settler and lifetime beneficiary.

Following the purchase, Agile Energy has a beneficial interest in 14,000,000
Gulf Keystone shares, representing approximately 2.9% of the Company\'s issued
share capital.

Midday Market Overview

         LUNCH TIME FUN

Many are scratching there heads in Dubai and most likely is not fleas

Old Arab curse
"May the fleas of a thousand camels infest your armpits"

       

End-of-day Market Overview