Gulf Keystone Petroleum Share Discussion Threads

[highlander7] 06/5/2022 16:58

Malcy......

Oil price

A big day yesterday after the EU story I mentioned did the rounds. The Fed decision was as expected as was the BoE today, Opec+ is starting shortly, I’m not expecting anything except the +432/- b/d which won’t be filled by a mile.

The EIA stats were a bit mixed, a build of 1.3m barrels of crude but gasoline drew 2.23m and a 2.34 draw in distillates saw unsurprising increase in exports. Watch out for the gasoline price next Tuesday, it is very firm in bulk markets and I’m hearing that in California and New Jersey they are preparing the forecourt signs for $6 gas, and it’s still 3 weeks until Memorial Day and the start of the driving season, be very afraid…

[pensioner2] 06/5/2022 16:51

1/2p down when the FTSE is down 1.2% ain't bad in my book.

[thebabe] 06/5/2022 16:30

IWNWTBOOTOTW

[longwell] 06/5/2022 14:10

Very low pe, would be interesting to see if any offers , at what price they would be bidding?. Would prefer another year or two of dividends though.

[giant_canine] 06/5/2022 13:07

HTPS://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=gkp

ex div 30 June

Pretty sure now it will be sold prior to that , expecting a sale RNS TBA next two weeks, hoping for leveraged recapitalisation before

Then sale voted through 24 June

[jackpotjack] 06/5/2022 13:01

Hi,When do we think this goes ex Divi for the $25m if voted through?

[pensioner2] 06/5/2022 12:36

Our just-over-the-bid nibbler is still nibbling away.

[jackpotjack] 06/5/2022 12:32

Amazed they exist still, better going to vegas :-)

[toopoor] 06/5/2022 11:24

TOWER RESOURCES (TRP)

MARKET CAP £7M AT 0.26P..

IT HAS 3 GOOD PROSPECTS AND ONE OF THEM IS NEAR TERM PRODUCTION OF 8000 BOPD NET TO TOWER RESOURCES..

3 PROSPECTS ARE:

NAMIBIA
SOUTH AFRICA
CAMEROON..(NEAR TERM PRODUCTION 90% C.O.S.)

[steephill cove] 06/5/2022 11:01

Onwards & upwards towards a 300p+ retest on the GKP 5 year chart 💪

[beernut] 06/5/2022 10:58

Biden looking to replace US Srategic reserves

Oil Prices Top $111 As Biden’s SPR Buyback Plan Leaks

By Charles Kennedy - May 05, 2022, 10:54 AM CDT
The Biden Administration will purchase 60 million barrels

The Biden Administration will purchase 60 million barrels of crude in Q3 in an effort to replace volumes in the U.S. strategic petroleum for the first time in nearly 20 years, CNN reports, after authorizing a record release over six months.

Citing an unnamed Energy Department official, CNN said what is referred to as a “long-term buyback plan” for oil would be announced later on Thursday.

Delivery of those first 60 million barrels, according to CNN, would be paid for with revenue received from sales of emergency oil, while the time frame is not specific beyond “future years”.


Oil jumped to $111.5 per barrel for Brent–the highest price since late March–and over $108 for WTI on news of the buyback plan, along with results of an OPEC+ meeting earlier today in which the cartel refrained from increasing output quotes beyond 423,000 bpd for June.

The full process for replenishing the SPR will take years.

[pensioner2] 06/5/2022 10:57

I don't think taking it down now frees up much stock at all. I think they'll have to consider taking it up if they want to dispose of any sizeable traders.

[thebabe] 06/5/2022 09:35

Incoming takeover

[thebabe] 06/5/2022 09:35

22,950 buy at 266 ish hence the morning squeeze

[pensioner2] 06/5/2022 08:45

An aggressive order driving the book again? Brent still over $112.

[nestoframpers] 06/5/2022 08:34

The Kurdistan Regional Government (KRG) last year pocketed a net of almost four billion dollars in selling oil, its most valuable resource, but with the net being less than half of the total revenue due to debt repayment and operation costs, civil servants in the Kurdistan Region have been overwhelmed with financial uncertainty as their salaries continue to be delayed.

[thebabe] 06/5/2022 08:20

Today's close?

[0ili0] 06/5/2022 08:11

Should we be getting tickets sorted to Bermuda 🇧🇲
#AGM🤔

[nestoframpers] 06/5/2022 07:29

Rudaw

ERBIL, Kurdistan Region - A Coordination Framework delegation is scheduled to visit the Kurdistan Region’s capital within the next few days in an attempt to reach an understanding with the Kurdistan Democratic Party (KDP) and bring an end to the political deadlock in Iraq, an MP told Rudaw on Wednesday.

With Muqtada al-Sadr’s 40-days window for “the obstructing third” to form a government without him coming to a close next week, a delegation from the Iran-backed Shiite parliamentary faction known as the Coordination Framework is expected to visit Erbil in the next few days and meet with Masoud Barzani, leader of the KDP, in hopes of reaching an understanding with the Iraqi parliament’s largest Kurdish bloc and make progress in the government formation process.

The Coordination Framework and their allies insist on a new government being set up based on political consensus; an idea which has been repeatedly opposed by the Save the Homeland Alliance, consisting of the Sadrist bloc, the Sunni Sovereignty Alliance, and the KDP, who are attempting to form a national majority government.

“Conversations with the Sadrist movement have begun … away from the eyes of the media, we [Coordination Framework] have told them that a government will not be formed without Sadr,” said Ahmed al-Issawi, parliament member of the National Wisdom Movement led by Shiite cleric Ammar al-Hakim.

“As for our visit to the Kurdistan Region, we have previously sent a message through Fuad Hussein [Iraqi foreign minister], and there’s communication between us. I believe we will have visits to the KDP and Masoud Barzani within the next few days to reach an understanding and a result,” he added.