Gulf Keystone Petroleum Share Discussion Threads

[atino] 25/4/2019 09:29

$6k now 🤑🤑🤑

[gkphero] 25/4/2019 09:27

From LSE -

Saudis Dream Of $85 Oil Is Closer

Saudi Arabia’s Dream Of $85 Oil Is Closer Than Ever

By Tim Daiss - Apr 24, 2019, 4:00 PM CDT

Things are starting to look good financially for Saudi Arabia again - very good. The de facto OPEC leader and world’s largest oil exporter said today it posted a budget surplus of 27.8 billion riyals (U.S. $7.4 billion) in the first quarter of the year. The Kingdom actually posted a budget deficit of 34.3 billion riyals in the first quarter of last year as the Saudi economy emerged from a recession in 2017, the first time the economy had shrunk since the global financial crisis nearly a decade earlier.

According to its 2019 budget, Saudi Arabia plans to increase state spending by 7 percent this year in an effort to spur economic growth that was hurt by low oil prices late last year. Saudi finance minister Mohammed al-Jadaan told a conference in Riyadh on Wednesday that expenditure in the first quarter amounted to 217.6 billion, slightly higher when compared to last year.

Not only has Saudi Arabia pivoted from a budget deficit, but the goal of some of the Kingdom’s energy players of having oil prices near $80 or even more per barrel is also now in sight. Global oil prices so far this year have already hit multi-month highs amid the OPEC+ oil production cut put in place at the start of the year to remove 1.2 million barrels per day (bpd) of oil from global markets, as well as output losses coming from Iran and Venezuela from U.S. sanctions, and also loss of output in Libya which is embroiled in fighting around Tripoli. Moreover, now that President Trump has decided to not renew waivers for Iranian oil imports, prices have plenty of upside potential left.

Fiscal break-even point

Several industry sources recently indicated that Saudi Arabia needs oil north of $70 per barrel to help shore up its coffers. Officially, of course, Riyadh doesn’t comment on what oil price they would like to see. The Kingdom maintains the same well-worn line that price levels are determined by the market and that it’s merely targeting a balance of global supply and demand. However, the International Monetary Fund (IMF) said in February that even $70 oil is not enough to balance Saudi Arabia’s books over the long haul and that Riyadh needs oil between $80 to $85 per barrel - the so-called fiscal break-even point..........

[gkphero] 25/4/2019 09:22

SP about to take off here. The grapevine has spoken. ;)

[chinese_takeaway] 25/4/2019 09:07

The Barclays duo landed on April 2Stabilization preventing share price crash as if they were buying they would have forced it downSo d-28 occurred imo mar 28-april 1So d-0 sale announcement next few days How much longer after fy would it be consideredRESPECTABLE to declare ,oh by the way we have sold the company?Fy results 28 days Scheme of sale process will formally started just after imo hence D-28 triggered just after thenHence D-0 soon :)

[atino] 25/4/2019 09:06

...if I bank this:

I WOULD HAVE MADE OVER £12k (Sterling) in a matter of 4 days 🤑 🙌


Welcome to the thread of “pro plus players” 😎😜

[chinese_takeaway] 25/4/2019 09:04

The Barclays duo landed on April 2Stabilization preventing share price crash as if they were buying they would have forced it downSo d-28 occurred imo mar 28-april 1So d-0 sale announcement next few days How much longer after fy would it be consideredRESPECTABLE to declare ,oh by the way we have sold the company?Fy results 28 days Scheme of sale process will have formally started just after imo hence D-28 triggered just after thenHence D-0 soon

[atino] 25/4/2019 09:04

...now it’s GKP turn 🙇😉 🤞

[atino] 25/4/2019 09:02

Rah !

...$5.5k 🤑🤑 (...currently @ 20,950)

[atino] 25/4/2019 09:00

...those cheque RNS’s...are becoming over due ! 💭💭💭 (...I don’t fink we have had one ☝🏻 for this current month yet!)

[pensioner2] 25/4/2019 08:46

Well, C_T, someone is trying very hard to keep the lid on with over 200k traded.

[chinese_takeaway] 25/4/2019 08:42

The Barclays duo landed on April 2Stabilization preventing share price crash as if they were buying they would have forced it downSo d-28 occurred imo mar 28-april 1So d-0 sale announcement next few days How much longer after fy would it be consideredRESPECTABLE to declare ,oh by the way we have sold the company?Fy results 28 days Scheme of sale process will have formally started just after imo hence D-28 triggered just after thenHence D-0 soon :)

[atino] 25/4/2019 08:40

(Did you’s know..) Investing in gasoline...is a way to express a bullish view on crude oil 😉🙇💭💭8173;👍

20900 reached 🙌 [..over 200 points collected 😃] (...now targeting 21,000 😎)



PENSIONER 🧓 - $5K REACHED 🤑🤑🤑🤑9297;🙌

[chinese_takeaway] 25/4/2019 08:19

The Barclays duo landed on April 2Stabilization preventing share price crash as if they were buying they would have forced it downSo d-28 occurred imo mar 28-april 1So d-0 sale announcement next few days How much longer after fy would it be consideredRESPECTABLE to declare ,oh by the way we have sold the company?Fy results 28 days ago Scheme of sale process will have formally started just after imo hence D-28 triggered just after thenHence D-0 soon :)

[atino] 25/4/2019 08:17

LOL 😅

(Quote, 36 mins ago) “Extinction Rebellion: Activists glued to London Stock Exchange 😅 and on top of train at Canary Wharf” 😂

[chinese_takeaway] 25/4/2019 08:05

The Barclays duo landed on April 2Stabilization preventing crash So d-28 occurred imo mar 28-april 1So d-0 sale announcement next few days How much longer after fy would it be consideredRESPECTABLE to declare ,oh by the way we have sold the company?Fy results 28 days ago Scheme of sale process will have formally started just after imo hence D-28 triggered just after thenHence D-0 soon :)

[pensioner2] 25/4/2019 08:05

Some heavy buying to start the day. Is there a payment rns in the system?

[chinese_takeaway] 25/4/2019 08:02

How much longer after fy would it be consideredRESPECTABLE to declare ,oh by the way we have sold the company?Fy results 28 days ago Scheme of sale process will have formally started just after imo hence D-28 triggered just after thenHence D-0 soon :)

[atino] 25/4/2019 08:02

Hopefully... GKP holders...should be in the £2.70’s region today 🙇💭💭💭

LP currently £2.70 on the dot....

[chinese_takeaway] 25/4/2019 07:57

How much longer after fy would it be consideredsafe to declare ,oh by the way we have sold the company?Fy results 28 days ago Scheme of sale process will have formally started just after imo hence D-28 triggered just after thenHence D-0 soon :)

[atino] 25/4/2019 07:54

(Quote) “Saudi Arabia’s Dream Of $85 Oil Is Closer Than Ever” 🙇😉

Things are starting to look good financially for Saudi Arabia again - very good. The de facto OPEC leader and world’s largest oil exporter said today it posted a budget surplus of 27.8 billion riyals (U.S. $7.4 billion) in the first quarter of the year. The Kingdom actually posted a budget deficit of 34.3 billion riyals in the first quarter of last year as the Saudi economy emerged from a recession in 2017, the first time the economy had shrunk since the global financial crisis nearly a decade earlier.

hxxps://oilprice.com/Energy/Energy-General/Saudi-Arabias-Dream-Of-85-Oil-Is-Closer-Than-Ever.html

[chinese_takeaway] 25/4/2019 07:50

Fy results 28 days ago Scheme of sale process will have formally started just after imo hence D-28 triggered just after thenHence D-0 soon :)

[pensioner2] 25/4/2019 07:49

Well done Atino. Stick it in here now for a real return.

[atino] 25/4/2019 07:48

...make that $500 now 😉

[atino] 25/4/2019 07:44

Morning Pensioner - I’m only $900 away...from the $5k target 🎯 challenge that I had set last night


...this will smash $5k today imo 🤑 (...however, I don’t think it can reach it within the next 20 mins, before market opening! LOL)

So that means...is it a “win or a fail” challenge 🤷‍a94;️ (...I don’t know:-) all I know is...IM IN THE MONEY & GKO SHOULD POP OFF TOO 😛

[pensioner2] 25/4/2019 07:00

Brent $74.90.