Gulf Keystone Petroleum Share Discussion Threads

[shortsqueezer] 23/11/2021 16:16

Hmmm that last trade marked as a sell yet they got 197 for it. Interesting

[shortsqueezer] 23/11/2021 16:07

I'm no Chartist TM so could you explain these five waves please. Or, in short, where the fifth wave might get us price wise. Cheers

[ticketmaster] 23/11/2021 16:04

That might be a penny to high. I will be happy with 1.99.
Let us see how the five 'up' waves go!

[shortsqueezer] 23/11/2021 16:02

Let's hope so P2

[pensioner2] 23/11/2021 16:00

I doubt it, ss, with Brent on the rise. We've flipped over to that five waves up cycle and it's very powerful as a lot of big hitters trade to it. Let's see.

[shortsqueezer] 23/11/2021 15:45

They will try to get us red

[spark plug] 23/11/2021 15:42

2.00 Finish?

[spark plug] 23/11/2021 15:40

There must be one hell of a prize at the end of this fiasco - the squid are here at every opportunity to depress the price and manipulate sentiment day after day.

[shortsqueezer] 23/11/2021 15:39

Nest. Surely you aren't suggesting that our share price is being manipulated for some reason? :-)

[nestoframpers] 23/11/2021 15:24

The blood sucking squid on the face of humanity isn't interested in Genel.

[shortsqueezer] 23/11/2021 15:22

Gnel appear to be responding a fair bit better than us today. Strange

[spark plug] 23/11/2021 15:06

Recent history has USA usage of around 20 million bpd so there ok for a few days!

[spark plug] 23/11/2021 14:54

Thats a bit better - 196 paid

[highlander7] 23/11/2021 14:37

Biden wont get off with it....

Bloomberg

The fight over the global oil supply took a new turn Monday. The U.S. said it would release oil from its Strategic Petroleum Reserve in tandem with China, India, Japan and South Korea. OPEC+, which has been reluctant to speed up any output, warned it would respond.

[attyg] 23/11/2021 14:24

Yep Habshan.
Biden has discovered he has little scope to release the Reserves.

“The SPR can be tapped in three ways, according to the DofE:
1 - a full drawdown to counter a “severe energy interruption,”
2 - a limited drawdown of up to 30 million barrels, or
3 - a drawdown for an exchange or test sale.”

So 1 is not available.

2 gives the ability of a limited drawdown up to 30 million
How many times and how soon after the last limited drawdown can another drawdown be authorised? Difficult to imagine that option can be tapped too many times in the months to come.

3 enable a drawdown for an exchange or test sale.
I may be wrong, but my reading is that there is an exchange of 32 million – which will have to be replaced (replenished?) over the next several months?
And, 18 million...sale –
is this a “test sale” that is now being implemented?
Decipher what you will from:

“In total the U.S. will release 50 million barrels from the SPR. Of the total 32 million barrels will be an exchange over the next several months, while 18 million barrels will be an acceleration of a previously authorized sale.”

That reads to me like, that is all you can get Joe.

In conclusion, I think the Emperor has no clothes.
Biden is unable to tap into the reserves as and how he would like;
- they are of a finite amount of barrels;
- sales from the reserves have to be replenished – at some point.

Remember, winter has not hit;
demand exceeds present supply and will not come into balance without more capacity (according to many analysts);
extra capacity will be difficult to deliver without substantial increases in capex; extra capacity may take more than one year, perhaps longer to come into being.

[goatcam] 23/11/2021 14:06

We will soon be above £19.50

[pensioner2] 23/11/2021 14:03

We'll soon be back at 195. It's a good short from there we were told. Brent cleared $81 now.

[k4n4k] 23/11/2021 14:01

🛢️
29312;💭. 👍

[nestoframpers] 23/11/2021 13:39

Biden wants inflation for the reset . Ref that zerohedge article.

[habshan] 23/11/2021 13:28

Atty - "In total the U.S. will release 50 million barrels from the SPR. Of the total 32 million barrels will be an exchange over the next several months, while 18 million barrels will be an acceleration of a previously authorized sale.
Perhaps the sale is far from the volume the market anticipated? Oil is rallying."

The world uses 100 million barrels a day.

So 50 million will keep things going for half a day.

With 32 million of it spread over several months.

And the remaining 18 million previously priced in.

No wonder the market was unimpressed and the oil price spiked up on the announcement.

[pensioner2] 23/11/2021 13:25

It's funny you should mention Klaus Schwab, NOR. I've just been looking at his Wiki entry. It has a red flag on it! (Well, not a flag, more a caution sign saying the page has multiple issues). He looks a dangerous sort of guy to me proposing, as he does, ruling the world by a self-chosen group of major "stakeholders".

[pensioner2] 23/11/2021 12:37

Yep, Atty. Nearly a $2 jump in Brent this last hour.

[nestoframpers] 23/11/2021 12:31

Use this site 1wav