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.

Perhaps a touch of realism setting in, RF
2517

yes mines taken hammering yet gold still high..

26 November 2009
16:26 Gulf Keystone Petrol (GKP) Holding(s) in Company
Gulf Keystone was notified on 24 November 2009 by Barclays Bank PLC that, following an acquisition of shares in the Company, its subsidiaries Barclays Stockbrokers Limited and Gerrard Investment Management Limited hold 34,475,690 and 62,450 shares respectively, representing 7.07% of the Company's issued share capital.

Bloody good!!!

seem to recall that barclays made similar announcements in past regarding VOG, lots of conjecture at the time. just one explanation put forward and poo poo'd was that they were buying to cover and be able to deliver against some big shorts on their books.
doubt it is the case here though, but who knows? do be careful.
regards
jkd
edit as always please dyor and make up your own mind

94p +5.75p

Today's bounce

nice fibbo analysis MRSI. you do not state your opinion on "todays bounce".or future price movement or tactic for dealing with. do you have one?
regards
edit; opinion matters less. tactic matters more.
regards
jkd

ORDER BOOK DEPTH

still negative to the bid side, but only 4 trades and is slowly getting back to level soon at this rate of recovery

jkd

I said yesterday on the UPS thread ........

Master RSI - 26 Nov'09 - 14:18 - 142 of 157 edit
KEEP an EYE
KGP 91 / 91.75p +3.25p

LSE was back in business and the steady opening today and the much stronger bid side on the order book, looks for a bounce from here.

The Fibonacci is saying .........BUY me now, I am ready to bounce back

Look at the Indicators bouncing from lows (oversold>

In the past 27 years, the UK market has risen 23 times in the period from 11 December to 5 January - falling 4 times.The average gain is said to be 2.57%.
Quaterly option expiry falls on 18 December, - markets usually do not fall in option expiry week.
You may do worse than buying Barclays, Mann Group, with contracts for difference.
I really can not guess what GKP is up to now and will leave them alone for the present, but SEY "may" drift up to 6p - 7p with the forthcoming share reorganisation and drilling. It may be worth picking up a few HOIL ?
Those are my tactics - for what it is worth.

Todd Kozel of GKP has been on CNN this AM. He says they have found 10-15 billion barrels of oil!

Todd interview
http://edition.cnn.com/video/#/video/international/2009/11/27/mme.b.todd.kozel.cnn

Just for my records offered prices now - BARC 297.40, EMG 318.30, SEY 3.82

grevis .... i wonder if that is a couple of zeros too many

There has to be a takeover for this company at some stage......or this company might want to be bought...

cynic: Nope, just play the interview!

Below the link

video of Todd Kozel interview at CNN

Thanks "Master" - most interesting video - You have served us bloggers well.

Yes thanks for that, all looking good, potentially 10-15 billion barrels and TK sounded as if he would be surprised if the co remained independent. Good luck all holders.
2517

Thanks Master--good interview. I'm long and strong!