http://www.gulfkeystone.com/ The firms exploration programme in Algeria is going well and "the shares look good value", say the Investors Chronicle. Your comments please. goal.

Gulf Keystone (LSE:GKP): November Bear Trap Rebound

Earlier this week I read with interest that Gulf Keystone is the most widely held AIM stock, and previously my intensive research has pointed to it being a takeover target and a potential FTSE 100 entrant. Not bad fundamental stuff from a chartist? But the main point of interest here is whether after today’s surge for the shares towards 200p this is merely a false dawn or the start of an extended recovery?

The technicals suggest that we have been treated to a bear trap from below the November intraday low of 170p. This is a major buy signal, one backed up by the way that after 170p was recovered on an end of day close basis o December 27th, the lowest price intraday was 172p.

The position now is that one would be looking for further upside while there is no end of day close back below the late December 187.75p intraday peak, with the initial target the 200 day moving average at 204p. But only once this has been conquered can we really say that Gulf Keystone is Back For Good, as in the Take That “masterpiece.”

http://www.bloomberg.com/news/2013-01-10/turkey-beating-norway-as-biggest-regional-oil-driller-energy.html

TPAO et al
Turkey Beating Norway as Biggest Regional Oil Driller: Energy
By Selcan Hacaoglu & Brian Swint - Jan 10, 2013 12:00 AM GMT Facebook
Turkey is drilling for oil and natural gas with more rigs than any European country and plans new rules in 2013 to speed exploration of energy supplies for the fastest-growing major economy after China.

The country fielded 26 rigs at Dec. 31, according to data compiled by Bloomberg, and the number has since risen to 34, Energy Ministry officials said yesterday. Turkey has leapfrogged Norway as offshore drilling increased in the Black and Mediterranean seas. Spending on exploration jumped to $610 million last year from $42 million a decade earlier.

http://www.iii.co.uk/articles/68033/genels-kurdistan-shipments-raise-hopes-gulf-keystone

Going lovely is it not.

As I said, it was a raging buy under 180p !! :)

Yes it most certainly is,broken througjh the 200DMA today. Interesting month, CC resumes on Monday and news of AB from MOL later in the month.GKP(apart from SA)have been unusually short of operational updates,the half year results on Sept.12th being the last such news. The next 50 days should give us a much better overall icture,so just a little more patiance needed?

http://www.efinancialnews.com/assetmanagement?mod=mainnav

Bottom right hand.
SHORT INTEREST BY MARKET
#
Put in GKP

http://www.rudaw.net/english/business/3521.html

Will be interesting today to see if it can keep going up, or needs a consolidation of Friday profit taking before moving up again next week.

http://www.dailymail.co.uk/money/markets/article-2260452/MARKET-REPORT-Defence-group-Chemring-siege.html

........Bid favourite Gulf Keystone Petroleum rose 10.25p more to 206.25p on a VSA Capital recommendation and target price of 475p. The broker is bullish about its Shaikan field in Kurdistan, Iraq, with production of 40,000 barrels of oil per day rising to 100,000 in 2014...........

MrP - while we are all fully entitled to change our view on shares and the markets in general, was it not you who not very long ago persistently and vociferously rubbished Kurdistan and saying what a damn-fool place it was to invest (we'll leave the FI aspect out of it)?

cynic - not happy the share price of GKP is rising after I called strong buy sub 180p ?

Markets look forward not backwards - why are you always looking backwards - you'll end up going backwards.

As I keep saying markets are FLUID and they only look forward- a crap stock today can rise 100% tomorrow on a new deal or new info.

Yesterday is yesterday and anything said then has no bearing on the situation today.

now i've heard it all.,.

excuse me, but i have held GKP for a very long time and it was YOU who gave me plenty of flak for favouring this stock instead of your former "paramour" ...... i don't even hear from you anything like, "whoops! dropped a clanger with FI didn't I!"

cynic, the difference of course is your holding of GKP is not in profit - as you purchased at the wrong time, at a higher price.

My holding is well into profit now.


Learn to BUY LOW and SELL HIGH


You will make money from the market then. If you are a saddo following people around with personal comments all the time it clearly shows you are not making money, because thats what losers do...............

Walter Mitty reincarnated.

have i gone deaf, or have i not heard Proramp admit that he f'ed up big time in FI?

with regard to my holding in GKP, i did indeed buy too early, but it is now close enough to b/e ...... whereas i could have done my bollocks in FI (and yes i do still nurse a nasty loss in RKH though my holding is far from huge)

cynic, I made serious money from the FI.

RKH - massive profit.

DES - small profit.

BOR - small profit

FOGL - small profit

Not one loss of any of them


And no loss on GKP either, nice fat profits :)

It is easy to make profits when you live in dreamland.

MrP:
The problem as i see it,was your agenda.Putting only posts about a possible civil war etc,no balence to your views."Those same issues exist today".
Enough said,better we move on.

">

http://www.dailymail.co.uk/money/markets/article-2260452/MARKET-REPORT-Defence-group-Chemring-siege.html#ixzz2HczyyZYW

From the above article.

Bid favourite Gulf Keystone Petroleum rose 10.25p more to 206.25p on a VSA Capital recommendation and target price of 475p. The broker is bullish about its Shaikan field in Kurdistan, Iraq, with production of 40,000 barrels of oil per day rising to 100,000 in 2014.

Read more: http://www.dailymail.co.uk/money/markets/article-2260452/MARKET-REPORT-Defence-group-Chemring-siege.html#ixzz2HeqBIuNO
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