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.

EK has shorted GKP thinks they have run ahead of themselves.

am contemplating my navel on this one for an hour or two

arguably contemplated too long ..... have sold 50% at a damn good profit, albeit significantly below what i could have yesterday or even when i last posted ..... never mind; such a profit is certainly not to be sneezed at, especially when realised ...... shall hold the balance, which at the current price is still close to my norm ..... if there is more heavy selling (quite possible), then may well buy back

I sold prior to the 70% rise and still did very well, have kicked myself a few times since but profits banked. With such fantastic gains available to so many pi's it's natural for the sp to fall back a bit. The question is, at what price should re-entry be considered? I don't think it will go right back to pre spike days so I guess around 65-70p mark. Any thoughts?
2517

2517,i tried buying just now @72,no chance,will keep trying.

that sort of level or even a bit lower sounds fairly sensible ...... i think a fairly heavy and general sell-off is imminent or even getting underway, so if you have a war chest, keep it that way and watch for relative bargains.

CYNIC,i missed out on this one around the 30p mark,what iyho is a fair price,i want to buy longterm.
PS,thought you were going away?

leave for Beaujolais tomorrow morning ... driving down with the bikes to Chalon-sur-Saone, stopping near Rheims o'night ...... cycling starts Saturday

anyway, back to GKP ..... from my singularly inexpert view, it would seem they have found themselves a nice large puddle, albeit there are intrinsic problems with its location ...... from memory it was about 58 before the latest RNS, so certainly 65 would look very tasty, if we get that sort of fallout ....... for myself, though my base is still only 44 (all the "cheap" ones went on first in first out rule) i don't think i would be willing to pay more than say 72.5

Have a wonderfull break,steady on that wonderfull RED.

we have a lot of fun ..... just 3 of us this year ..... steady 35/40 miles a day on very varied terrain (not too easy) with plenty of time to see the sites, smell the flowers and have a decent lunch!

Excellent recovery.
2517

le prix est partout le magasin!

Haven't sold any since the rise....as far as I'm concerned they are still drilling, perhaps more oil at the bottom, if not on with the next well....I think this is good for more than a pound..just a question of when....EK shorting....not convinced that's a good decision !.

Have a nice holiday Cynic...."Fleurie" and "Le Moulin a Vent" are amongst the best reds in that area....you probably already have tasted or heard of them.

it's the growers (and negociants) who are far more important in the production of quality than just the village names ..... same is true of any generic wine, which is why it can all be such a minefield

I might be mistaken but I think that there are 7 great reds in that area, can't remember them all, anyway a little trip to the "Maconnais" is just around the corner from there and Lyon is the gastronomic capital of France, so the food there is superb and reasonably priced.

in no particular order
brouilly, julienas, fleurie, chenas, moulin a vent, st amour, chiroubles, morgon and regnie (something of a recent addition)

the best are arguably fleurie and moulin a vent followed by morgon and (probably) cote de brouilly - a step up and north from straight brouilly

i think calling any of them "great reds" is something of an overstatement unless you want to spread some flattery!

Well done....crikey I think I've tried most of those except for st amour, chenas and regnie....can't recall those..

most available from Tesco at 6.50 per bottle!

They are not cheap in France either..prices for some wines have rocketed...the "Chateau neuf du Pape" (not to everybody's taste) from the southern Rhone region is now over 10 pounds...just a rip off...