Gulf Keystone Petroleum Share Discussion Threads

[0ili0] 11/2/2022 07:29

A 🌊 of Exxon's cash might hit first 🛢️
28176;

[highlander7] 11/2/2022 06:53

Geopolitical Risk Premium Could Send Oil Prices To $120 ( OILVOICE)
By Irina Slav - Feb 10, 2022, 7:00 PM CST

Analysts are turning increasingly bullish on oil, with some predicting prices to hit $120.

The predictions come as fear of a potential invasion of Ukraine by Russia continues to mount. Russia is a major exporter to the European Union, but it is also a big exporter of crude oil to the United States.

There are already plenty of oil bulls out there, but another one has just joined them. Strategist David Roche said this week oil could hit $120 per barrel in case of a Russian invasion in Ukraine.

The Ukraine situation has been in the spotlight for weeks now, and one might argue that if Russia wanted to invade, it would have done so already, supporting the argument with the fact that Russia stands to gain nothing but risk a lot with such a move. On the other hand, it is a fact there are Russian troops and military equipment near the border with Ukraine, and this is naturally making not just Ukraine but Western Europe and the United States nervous, with the counter-argument being that Moscow is biding its time before it strikes.

As a whole, the Ukraine situation has highlighted Europe's dependence on Russian natural gas and its desperate attempts in the past couple of weeks to secure alternatives to this supply in case of a cutoff. But, like any major geopolitical event, an escalation in Ukraine would also affect oil prices.

"I think if there was an invasion of Ukraine and there were to be sanctions which impeded either Russia's access to foreign exchange mechanisms, messaging systems and so on, or which prevented them from exporting their commodities, either oil or gas or coal, I think at that point in time you would most certainly see oil prices at $120 [a barrel]," Roche told CNBC this week.

The issue of sanction fallout, both for Europe and for the United States, has surfaced as a big potential problem: Russia is a major exporter to the European Union, but it is also a big exporter of crude oil to the United States, not to mention all big European and U.S. businesses that have Russian operations.

Yet while an invasion remains a potential development, there seem to be enough actual developments in the oil sector that could see prices top $100 per barrel. Supply remains tight, and traders remain worried about it even as the latest forecasts about U.S. production strike an upbeat note.

The Energy Information Administration, for instance, recently projected that U.S. crude oil production should rise to 12 million bpd this year and 12.6 million bpd—a record-high—in 2023. At the end of last year, HIS Markit's Daniel Yergin forecast U.S. oil production could add 900,000 bpd a day this year. For context, according to the EIA's latest weekly petroleum report, production averaged 11.6 million bpd last week.

[steephill cove] 11/2/2022 00:00

GKP is now an easy hold 👍

There is a tsunami 🌊 of epic proportions pouring out of bonds & looking for a home in year on year increasing & high yielding Dividend stocks like GKP ✅

We just ride it home in the interim🏄R05;♂️ waiting for GKP fair value to arrive upon takeover

[steephill cove] 10/2/2022 23:41

Me neither NoR. Its been a long journey to get to this point, where GKP is a cash machine from both a Dividend & an inevitable Equity Growth perspective.

Miss in, miss out 👍

[nestoframpers] 10/2/2022 22:51

Why the trolls bother when they are steam rollered by habshan I do not know.

Thanks for post Re Divi investing proving more popular than bonds, makes sense , new to me . I'd not risk selling GKP however for a small % gain personally.

[steephill cove] 10/2/2022 19:38

And just wait for the dividends 😉

[0ili0] 10/2/2022 18:44

Effortless, and to be followed by many more! 😁

[urchin1] 10/2/2022 18:17

Smart move !I did contemplate that move myself!

[dalesmann] 10/2/2022 16:35

Happy I sold yesterday and bought back in today - 20p dividend for me!

Spreadsheet shows I'm a genius, unlike Bigdog.

[nestoframpers] 10/2/2022 16:24

Bloody gaps arrragh

[pensioner2] 10/2/2022 15:57

I bow to your expertise, 1w. Gap now closed with a low of 218.5? Brent now going for $94.

Edit. Actually looked again at that chart and the trading on 3/2 looks to me to have closed that gap.

[1waving] 10/2/2022 15:43

P2.
Look at the candlestick chart above.
It demonstrates very clearly there is a gap which has not been closed..

------
Pensioner2
10 Feb '22 - 13:59 - 649045 of 649051
0  5 0
Not sure about that, 1W. That gap looks closed on 3/2 to me.

[johnbuysghost] 10/2/2022 15:38

GKP is the prettiest girl at the dance.

[urchin1] 10/2/2022 15:18

Exon Mobile the perfect suitor

[johnbuysghost] 10/2/2022 15:15

Yes I won't take any less than £137.65p per share for GKP.

[urchin1] 10/2/2022 15:13

Let's hope China start a bidding war !

[johnbuysghost] 10/2/2022 14:54

GKP's got China in it's hands.

[highlander7] 10/2/2022 14:40

China Tightens Its Grip On Iraq With Three Major Oil Deals
By Simon Watkins - Jan 31, 2022, 6:00 PM CST

China has concluded three major oil deals with Iraq, most notably finalizing the 25-year deal for the Mansuriya field which could have huge geopolitical consequences.
The signing of these deals is part of a broader Iraqi policy of cooperation with China and Russia, providing military advantages for Moscow and economic benefits for China. There is a glimmer of hope for the U.S. here if it were hoping to influence the Mansuriya project as it has not yet been signed despite being ‘finalizedR17;.

China has continued to press home the geopolitical advantage given to it in Iraq following the official end of the U.S.’s ‘combat mission’ in the country on 9 December 2021 with the conclusion of three huge deals, all focused on the oil sector. However, crucially for the U.S.’s ongoing interests in the Middle East, there may still be scope to change the eventual outcome of the development contract for the giant Mansuriya gas field and associated projects.

Last week’s ‘finalization’ of the 25-year deal for the China Petroleum & Chemical Corporation (Sinopec) to take a 49 percent share in the Mansuriya field, with the remainder held by Iraq’s state-own Midland Oil Company, followed the initial announcement of the deal in April 2021 that surprised many, given Russia’s longstanding interest in gas development projects in that region of Iraq.

From the Chinese and Russian perspective, though, their activities across the Middle East – and also in other geopolitically sensitive areas in which the U.S. also has an interest, notably Asia-Pacific – is not a zero-sum game, as analyzed in depth in my new book on the global oil markets.

“An informal agreement was put in place at the beginning of 2021 that, for Iraq, China would have first refusal on developing a number of key oil and gas sites, one of which was Mansuriya, while Russia would have the same first refusal in other sites across the region,” a senior oil and gas industry figure who works closely with Iran’s Petroleum Ministry exclusively told OilPrice.com. “This is part of a broader policy of co-operation defined by the idea that in any country that may require military intervention to extend the Sino-Russian axis that may prompt confrontation with the U.S. - notably Syria - Russia takes the lead, whilst for any other countries, in which only money is required, China takes the lead,” he added. “However, given the military strategic importance of Mansuriya to Russia - and, by default, to China - several Russian companies will also be present on the Mansuriya development working alongside Sinopec, principally on the technical and equipment side,” he underlined.

[pensioner2] 10/2/2022 13:59

Not sure about that, 1W. That gap looks closed on 3/2 to me. Resistance @ 220 seems to be acting as support now. Today should indicate one or the other imo.

[1waving] 10/2/2022 13:41

.
Reaching down to close the gap from late January between circa 215 - 218.

.

[pensioner2] 10/2/2022 13:31

Brent going nicely @ $93 should see some share price recovery into the close. Almost forgotten this divi before we've received it as the focus is how much we're going to get @ $90+ going forwards. This really is a cash machine right now and if it's snapped up it won't be a total surprise.