JKX are a growth oil and gas company, principally based in the Ukraine, but also present in several other countries, and have recently presented some excellent results.




JKX corporate website : http://www.jkx.co.uk/index.cfm

Poltava Petroleum : http://www.ppc.net.ua/inf_en.html

Annual report 2005 : Click HERE

Up 23p this morning, been on quite a bull run since Tuesday too, when it was around 311.

soul,

yes not sure why we have risen so quickly, on no news, but it's a nice finish to the week!

Maybe some new tax year buying?

Soul,

Well a 10% rise on the day, and no news!

Oil sector went wild today. virtually everything I follow is up!

Sounds like you picked well, Andy. My NOP is up, however VOG is languishing pending news in May and BLR experiencing stormy weather while waiting for news from Colombia. Are you still in BLR?

Soul,

No I have never held BLR, although I have checked them out from time to time.

VOG is, IMHO, a speculation, and I wouldn't buy at the current price, but if I had bought lower down I would hold with a tightish stop. Without any news expected in the near future, I would think the price may drift.

I wonder why JKX shot up so much today?

Although the oil and gas sector had an excellent day, JKX' rise is far higher then the average that I have seen.

Thanks Andy.

FYI Today's Independent commented something about JKX having lagged the sector the past few weeks, which is true, as many others have shot up while this has just hung around. So maybe it was due to make up for lost time. I don't follow this closely enough to be in any way conclusive about it. NOP, though: could we be about to see "JKX - PART II: This time it's personal" ??? Portfolio-wise it's a strong contender, IMO.

I beg to differ re VOG - news is expected in April and May on three major bits of drilling and since I've bet the farm on this one over the last few months I'm sincerely hoping it will be encouraging. In any case, my view is sufficiently long-term that I'm inclined to take a philosophical view of any dips.

Soul,

On another bb, apparently some newspaper made a comment about "vague takeover rumours" for JKX, so that may expleain some of the rise.

I certainly hope VOG does well for you, I wouldn't buy at the current price, but for anyone already holding, it looks like an exciting opportunity.

I will take a look at NOP.

more vague takeover rumours? There's a lot of it about: two weeks ago it was NOP, and yesterday BLVN as per your post on the SEY thread!! Pinch of salt, etc. . . .

If someone wanted to make a bid they could have picked up a lot of cheap stock these last few weeks at around 307p.

Soul,

Yes there is expected to be some consolidation in the oil and gas sector, so that is probably where the rumours have started to eminate from.

The JKX comment was in the Independent or Telegraph I believe, and SEY was mentioned in the FT.

JKX breaches 400p - the word "unstoppable" comes to mind. Kicking myself for never buying this, but it's fun to watch all the same.

Something brewing good in JKX...now 401p.

There was a press comment perhaps a week or so ago which pointed out that JKX was undervalued and had a most undemanding p/e of about 12 ..... To my mind, it is this realisation that has triggered the recent interest and rise ...... I suspect that even at 400 the p/e is still pretty low, so worth investigating further ..... I already have these and am happy to stay with them.

cynic,

I read that too, and you may well be right in that the article has proved the catalyst for this rise.

I hope we can hold above 400p, as it could become support for the next rise.

I have no expertise in chart (as opposed to Chartist!) matters, but I think 400 is little more than a convenient round-figure resistance/support ...... Also, by the looks of it, 400 is the very top of the Bollinger Bands, if one follows those rather than MDAs

Cynic,

I see what you mean, in fact we look above the bollinger!

Presumably if the price continues to rise, the bollingers will simply expand more to accomodate it?

Thanks Andy ..... Did not know Bollingers were visible here (I am a poor newbie!) ..... I also do not know how they work, but presumably if the price continues to rise, the banding changes to some degree.

cynic,

Well the price DID rise further!

And the bollingers haven't moved yet.

Today was very encouraging, a 5% rise WITH VOLUME!

2,059,000 shares traded, over 8 million in value, quite impressive IMO!

There had been bid rumours not so long ago , JKX going up did not help CDL down 1p today.

Aldwickk,

Well they are two totally different companies that both happen to extract oil and gas in the Ukraine, and there the similarity ends IMO.

An explanation of JKX's rise today, courtesy of Banj over the road.


JKX Oil & Gas;Exposure To Oil Price Bolsters

Wednesday, April 19, 2006 9:14:50 AM ET
Dow Jones Newswires

http://www.newratings.com/analyst_news/article_1253440.html


1158 GMT [Dow Jones] JKX Oil & Gas (JKX.LN) tops the FTSE 250 leaderboard, +2.5% at 328.25p(edit: sic). Analysts say the stock is gleaning support from the continued push higher for the oil market, given its high exposure to oil prices. The stock has climbed from 302p at the end of March. Also, one reckons the approach of production updates for a number of key wells has been helping prompt buying. (DWE)