Gulf Keystone Petroleum Share Discussion Threads

[tess_tickle] 26/6/2020 07:15

CAPTAIN LEAVES SINKING SHIP

[shortsqueezer] 26/6/2020 07:12

Retiring before he was pushed !

[highlander7] 26/6/2020 07:08

Of course any potential buyer is going to wait till GKP is in the "supercycle" before moving ? Of course they arent.

No wonder J.P Morgan are hoovering up GKP shares.

IMO

[officerdigby] 26/6/2020 07:04

Aurevoir JF!

[highlander7] 26/6/2020 06:33

hxxps://oilprice.com/Energy/Energy-General/JP-Morgan-Predicts-100-Oil.html

"The reason is simple: the cyclical nature of the oil industry. In March, before the coronavirus pandemic really hit, JP Morgan's analysts issued a note saying the oil industry was entering a supercycle that could see the price of oil hit $190 a barrel by 2025. According to Malek, this is still a distinct possibility."

[highlander7] 26/6/2020 06:30

From LSE ...OILPRICE AND $100 OIL

==================================================================================
JP Morgan Predicts $100 Oil
By Irina Slav - Jun 19, 2020, 9:00 AM CDT

JP Morgan's head of oil and gas research for EMEA: The reality is the chances of oil going toward $100 at this point are higher than three months ago.

The current situation is fundamentally no different, according to JP Morgan's analyst, who expects the oil market to swing into a deficit sometime in 2022.

It may sound far-fetched at a time when many are worrying if Brent could rise back to $50 a barrel, but at least one analyst believes the benchmark could not only recoup all that it lost in value since the start of the year but shoot up over $100 a barrel in the observable future.

"The reality is the chances of oil going toward $100 at this point are higher than three months ago," JP Morgan's head of oil and gas research for EMEA, Christyan Malek, said as quoted by CNN.

The reason is simple: the cyclical nature of the oil industry. In March, before the coronavirus pandemic really hit, JP Morgan's analysts issued a note saying the oil industry was entering a supercycle that could see the price of oil hit $190 a barrel by 2025. According to Malek, this is still a distinct possibility.

The forecast is not without a logical basis. The way cyclical industries work is that the industry produces a lot of the commodity when there is high demand for it. Eventually, supply begins to outpace demand for one reason or another. Prices then fall, the industry retreats and shrinks production to limit supply and stimulate higher prices. This brings a deficit of the commodity, which pushes prices up. This cycle repeats once every few years.

The current situation is fundamentally no different, according to JP Morgan's analyst, who expects the oil market to swing into a deficit sometime in 2022, which would push Brent to $60. This, in turn, will motivate producers to start pumping more crude. The deficit, Malek estimates, could reach 6.8 million bpd by 2025. This is what could cause prices to climb to $100 or more.

"The deficit speaks for itself. That implies oil prices will go through the roof," Malek told CNN. "Do we think it's sustainable? No. But could it get to those levels? Yes."

By Irina Slav for Oilprice.com

[highlander7] 26/6/2020 05:44

hxxps://oilprice.com/Energy/Energy-General/Iraq-Considers-A-String-Of-Massive-Oil-Deals-With-China.html

Note
"It comprised eight major memoranda of understanding that incorporated virtually unlimited oil and gas sector exploration and development"

[mcfly02] 26/6/2020 00:04

BigDog 🐶

I think we both know the next CPR will be interesting 🤔

I've chilled my room to a comfortable 17 so it's good night from me 😴

[0ili0] 25/6/2020 23:00

Clear and consistent messaging from bigdog5. Everyday. The same old garbage.

[bigdog5] 25/6/2020 21:47

Yes Mcfly, as you say, Genel were convinced they had a load of oil before their two downgrades. What with all the different problems the field keeps coming up with it would not surprise me that Gulf will have to downgrade themselves. But would they announce such a thing bearing in mind the damage it would do to the share price and to the credibility of the numbers they've put out since the CFO arrived? It all comes back to the "vested interests" innit:-)

[urals] 25/6/2020 17:52

#GKPGoing hostile"Proxy fight – a solicitation of the shareholders'proxies to vote for insurgent directors" NON INDEPENDENT NON EXEC placed by LANSDOWNE, a 16% shareholder recently been increasing its stake.BOD trying to delay formal his board appt ?? https://t.co/Hojw33lrDC#GKPGoing hostile"Proxy fight – a solicitation of the shareholders'proxies to vote for insurgent directors" NON INDEPENDENT NON EXEC placed by LANSDOWNE, a 16% shareholder recently been increasing its stake.BOD trying to delay formal his board appt ?? https://t.co/Hojw33lrDC

[urals] 25/6/2020 17:43

#GKP in PLAY.Yet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0#GKP in PLAY.Yet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0#GKP in PLAY.Yet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0

[urals] 25/6/2020 17:43

#GKPGoing hostile"Proxy fight – a solicitation of the shareholders'proxies to vote for insurgent directors" NON INDEPENDENT NON EXEC placed by LANSDOWNE, a 16% shareholder recently been increasing its stake.BOD trying to delay formal his board appt ?? https://t.co/Hojw33lrDC#GKPGoing hostile"Proxy fight – a solicitation of the shareholders'proxies to vote for insurgent directors" NON INDEPENDENT NON EXEC placed by LANSDOWNE, a 16% shareholder recently been increasing its stake.BOD trying to delay formal his board appt ?? https://t.co/Hojw33lrDC

[urals] 25/6/2020 17:43

#GKPWho would of thought it? ?https://t.co/1OAOIUQaMm#GKPWho would of thought it? ?https://t.co/1OAOIUQaMm

[urals] 25/6/2020 17:42

#GKP in PLAY.Yet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0#GKP in PLAY.Yet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0#GKP in PLAY.Yet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0

[urals] 25/6/2020 17:27

Send in the ?s

[chinese_takeover] 25/6/2020 17:09

#GKP in PLAY.Yet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0#GKP in PLAY.Yet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0#GKP in PLAY.Yet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0

[chinese_takeover] 25/6/2020 17:08

#GKPWho would of thought it? ?https://t.co/1OAOIUQaMm#GKPWho would of thought it? ?https://t.co/1OAOIUQaMm

[chinese_takeover] 25/6/2020 17:08

#GKPGoing hostile"Proxy fight – a solicitation of the shareholders'proxies to vote for insurgent directors" NON INDEPENDENT NON EXEC placed by LANSDOWNE, a 16% shareholder recently been increasing its stake.BOD trying to delay formal his board appt ?? https://t.co/Hojw33lrDC#GKPGoing hostile"Proxy fight – a solicitation of the shareholders'proxies to vote for insurgent directors" NON INDEPENDENT NON EXEC placed by LANSDOWNE, a 16% shareholder recently been increasing its stake.BOD trying to delay formal his board appt ?? https://t.co/Hojw33lrDC

[chinese_takeover] 25/6/2020 17:08

#GKP in PLAY.Yet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0#GKP in PLAY.Yet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0#GKP in PLAY.Yet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0