Gulf Keystone Petroleum Share Discussion Threads

[goatcam] 23/11/2021 18:19

Bigdog, why don’t you email the company and ask them ? LOL

[bigdog5] 23/11/2021 17:25

Since when have they ever explained the facts behind the problems they encounter? They've always been "spun" to camoflauge the facts.

Got to "save faces" innit.

[pensioner2] 23/11/2021 16:25

ss. Look at the top right chart. From the low of Aug 21 of 153 it went to 220 in 5 distinct waves and then from there it dropped to 190ish in 3 distinct down waves. Its now started the upward trend again. 5 up, 3 down is the rule.

[hydrocarbon1] 23/11/2021 16:25

They don't have a clue SS, a month or more ago it was the golden cross --fizzled out.
News and oil price dictate direction however there are dark forces at work also. You only have to watch L2 action at times like this for instance.
Right now L2 suggests a drop but can change quickly.
Hoping to see a good UT at end.

[ticketmaster] 23/11/2021 16:23

SS I'm learning on the go, as far as Elliot waves are concerned. I assume its an analysis of share movements over many years. I stick to trends, channels and moving averages, although I'm open to any other ideas.

[shortsqueezer] 23/11/2021 16:20

This board has been quite sane today. Have they herded all the idiots back into the asylum?

[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.