Gulf Keystone Petroleum Share Discussion Threads

[paulsfullofcrap] 23/10/2021 13:38

The Stockport Warren Buffett has spoken.... all kneel before him

[sold_to_cnpc_before_xmas] 23/10/2021 13:11

SOLD BEFORE HALLOWEEN

[sold_to_cnpc_before_xmas] 23/10/2021 13:10

I am here to make sure no retail can ever say they weren't TOLD IN ADVANCE , of the black swan event : GKP sold at a 4 figure percentage premium to market.

[paulsfullofcrap] 23/10/2021 13:10

Don’t worry gaisman/Paul/notout/ Stockport Warren Buffett.... people can’t say you didn’t warn them plenty of times!

[paulsfullofcrap] 23/10/2021 13:00

H7, I’m not here to cause disruption...

I’m just simply calling out lies...

Sorry if that doesn’t fit in with your £25 takeover before Halloween BS...

Keep dreaming lads

[gaisman] 23/10/2021 12:58

I wonder what could help plug the gap 😘

[gaisman] 23/10/2021 12:58

I am here to make sure no retail can ever say they weren't TOLD IN ADVANCE , of the black swan event : GKP sold at a 4 figure percentage premium to market.

[paulsfullofcrap] 23/10/2021 12:54

Awww that’s cute digby... please continue with your discussion.. don’t let me stop you.

I am here to call out Paul’s BS (and also big dogs BS.) I would love to engage in normal realistic debate regarding GKP.... but I actually can’t find any here !

[highlander7] 23/10/2021 12:51

PFOC is only here to cause as much disruption as possible like the rest of these idiots.

Bin him or her.

[steephill cove] 23/10/2021 12:43

I wonder what could help plug the gap 😘

[officerdigby] 23/10/2021 12:16

I come here believe it or not to discuss.abiut GKO drilling and future prospects as a oG company in Kurdy.You registered with ADV Thursday and have made 399 posts on GKP board.With no info offered.What's the point of you?.PFOC!?

[gaisman] 23/10/2021 12:09

Beernut, the oil price is going further northCurrently GKP will be receiving 63/4 bucks as realisable revenue per barrel. They are making an utter fortune, and are worth a HUGE AMOUNT No wonder the idiots here 24/7LolKeep the faith and the news updates :)

[beernut] 23/10/2021 12:04

Been strange lately with US crude builds. I’ve wondered if it’s lies to keep oil prices in check.

Oil inventory at Cushing crude hub nears critically low levels
By DEVIKA KRISHNA KUMAR on 10/22/2021

(Bloomberg) --Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel.

The storage tanks in Cushing, Oklahoma, require a minimum level of oil to maintain normal operations, which traders generally believe is around 20 million barrels. Unusually for this time of year, stockpiles declined more than 4 million barrels over the past two weeks to 31 million and are expected to keep dropping rapidly due to the world's insatiable demand for U.S. light sweet crude.

It’s a stunning reversal from last year when the pandemic prompted a glut of oil so big that traders resorted to storing it in tankers at sea. The drawdown, driven by a rapid demand recovery, has been exacerbated by an energy crisis that has sent European and Asian buyers on the hunt for cheaper barrels. Over the coming weeks, stockpiles are likely to fall further to the operational low, traders at some of the biggest oil merchants in the world said, prompting the market to turn even more bullish.

“Crude oil could justifiably trade to the next level higher on the storage drought at Cushing alone,” said Bob Yawger, director of the futures division at Mizuho Securities USA. “Forget about fuel switching, whether OPEC+ adds additional barrels, or dollar weakness: if Cushing continues to slide, it could get ugly quickly.”

The rapid depletion of Cushing signals just how tight global oil supplies are and threatens to drive prices even higher from their current levels. Surging oil prices are already driving costs up for road fuel, freight activity and air travel and stoking inflation just as many countries are only just recovering from the pandemic-driven economic slump.

At the current rate of draws it could be just weeks away from Cushing being effectively out of crude, JPMorgan Chase & Co. analysts including Natasha Kaneva said in a report.

Demand for Cushing oil surged because it was the cheapest in the world and stockpiles declined very quickly, according to a senior trader at one of the biggest U.S. crude exporters. Demand for U.S. barrels is higher than ever, the person added, noting that South Korea will have bought the most U.S. crude in their history in November.

Asian buyers, including India and Taiwan, are still in the market to purchase U.S. crude cargoes loading in early November, according to traders, highlighting the rush to secure supplies.

The global energy crisis has made the light, sweet, crude from Cushing more attractive on the global market because it has less sulfur than some other types of oil that must be processed through units at refineries called hydrocrackers. Hydrocrackers rely on hydrogen usually generated from natural gas — the cost of which has surged to record highs in parts of Europe and Asia recently.

Cushing, which is the delivery point for U.S. crude futures, weighs heavily on the forward oil curve, a key indicator of how tight the market is. The price difference between oil contracts for immediate delivery compared with a month later, known as the prompt spread, is at its strongest level in more than three years. When more immediate prices are higher than later ones, it is called backwardation and is normally viewed as a bullish indicator.

The recent move in WTI spreads indicates concern that the recent strong draws on Cushing will persist, pushing the hub’s inventories to near tank bottoms, said Jenna Delaney, Head of North America Crude at Energy Aspects.

Another indicator of the situation in Cushing was the WTI cash roll, which allows traders to transfer long positions from one contract to the next in the days after expiry. It reached 75 cents a barrel on Thursday, the strongest since 2018.

So far, there are no signs of a slowdown. Inventories at Cushing fell by a further 1.9 million barrels between Friday and Tuesday, traders said, citing data from Wood Mackenzie.

[paulsfullofcrap] 23/10/2021 12:00

Officer digby.... and what’s the point of you ??

[gaisman] 23/10/2021 11:54

Still no shareholder analysis update....https://www.gulfkeystone.com/investors/shareholder-analysis/Takeover announcement within days

[officerdigby] 23/10/2021 11:45

PFOC what is the point of you? We know PFOC so everyone ignores him.What is point of you.Since 20/10/2021What were you doing before...just reading P's FOC posts?